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Now a buyers market.

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Old 05-18-2024, 08:31 AM
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meadowz06
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Default Now a buyers market.

Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!
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05-18-2024, 10:43 AM
VinDieselJetta
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Originally Posted by meadowz06
Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!
100% accurate. Just don’t bother checking the C8 For Sale forum. C8 owners still asking MSRP for their used cars when new is now cheaper
Old 05-18-2024, 09:19 AM
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Yes and that is to be expected since they have been out since 2020. Thinking about getting one myself.
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Old 05-18-2024, 09:28 AM
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Kevin A Jones
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Originally Posted by meadowz06
Now a buyers market
While C8s are being offered below MSRP at some dealerships and markets, I wouldn't call it a buyer's market as of yet. There's still FAR too many dealers selling at MSRP and even above.
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Old 05-18-2024, 09:43 AM
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Originally Posted by meadowz06
Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!

There is no question it’s a buyer’s market. Unfortunately those who want to sell or selling haven’t adjusted to the new market reality because they still think it a sellers market and C8 are hard to find.
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Old 05-18-2024, 10:00 AM
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I've been watching the Mecum Auction and even the Z06s aren't selling with the bid goes on because people seem to be tired of spending extra.
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Old 05-18-2024, 10:43 AM
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Originally Posted by meadowz06
Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!
100% accurate. Just don’t bother checking the C8 For Sale forum. C8 owners still asking MSRP for their used cars when new is now cheaper
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Old 05-18-2024, 10:54 AM
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Kevin A Jones
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Personally, I would define a 'C8 Buyer's Market' as when you can walk in or call most any Chevy dealer around the US and purchase a new C8 at anywhere between 8% and 10% off MSRP and shrewd buyers will even negotiate more discount than that.
As I stated above, we are not there yet.

Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.



Last edited by Kevin A Jones; 05-18-2024 at 11:09 AM.
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Old 05-18-2024, 11:33 AM
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Originally Posted by Kevin A Jones
Personally, I would define a 'C8 Buyer's Market' as when you can walk in or call most any Chevy dealer around the US and purchase a new C8 at anywhere between 8% and 10% off MSRP and shrewd buyers will even negotiate more discount than that.
As I stated above, we are not there yet.

Remember 6-7 yeas ago when new C7s were consistently selling anywhere from 10% > 23% off MSRP? Now that was a Buyer's Market of epic proportion.
Remember when dealers were offering z51 1LTs for under $45k brand new? Those were the days. I'd say the market right now is definitely a buyer's market for C8s (you can factory order cars for under MSRP), but it certainly is not 2018/2019 C7 levels of amazing
Old 05-18-2024, 06:03 PM
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Originally Posted by meadowz06
Fixing to buy a 24 Base model C8. Found several places that will sell for 6-7k off sticker. Fantastic deals out there now. Hendrick is giving 4K off sticker. And they used to sell 8-10k OVER!
Sad part is inflation negates it. And interest rates if financing. I bought my 2022 C8 in Dec 2021 for 88k at 1.9% financing.

Same exact build right now would be 96.5k and interest rate 6% AT BEST on a new car with a 48 month note. Even if paying cash, 7k off sticker wouldnt even get me back to what MSRP was 2.5 years ago. And if financing? Forget it.

I honestly think interest rates and price increases are a bigger factor than market saturation. People's paychecks have NOT kept up the pace compared to those for the most part.

I am expecting my 2025 in Hysteria Purple is going to run me at least 9k over what my 2022 did, WITHOUT carbon fiber trim or carbon flash nacelles and roof (but adding black exhaust, OEM grill guards, and stealth interior trim, net $1800 savings over prior build for those 3 options and STILL coming out to around 95-96k depending, and that is without 2025 price increase!). So I am hoping for 6-7k off sticker to get it around 90-92k. I could swing 100k easy enough, but something about the looming possibility of trans issues makes me feel like 90k-ish is my limit, with an extended powertrain warranty to be bought at 33 months.

Otherwise I will just get an LC500. It is a grand tourer for me after all, not a track car. I cant out drive an LC500 on public roads, so the only thing the C8 has going for it is the HTC and the price.

Last edited by Korbek; 05-18-2024 at 06:11 PM.
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Old 05-18-2024, 06:21 PM
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Default Interest Rates.

Navy Federal shows 4.54 on their website. I just got my vin number. The numbers I have been given are 6,000. below MSRP. Had that number for 6 weeks. Taking out a small loan to save on taxes this year. Hopefully pay it off in January. Things have certainly changed. Ordered this car early April.
Old 05-18-2024, 06:31 PM
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Dealers here are discounting cars that were refused or ordered for stock but not if you order a car for yourself
Old 05-18-2024, 06:37 PM
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phalse
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Originally Posted by VinDieselJetta
100% accurate. Just don’t bother checking the C8 For Sale forum. C8 owners still asking MSRP for their used cars when new is now cheaper
agreed, buyers market at this point and the FS section for both the c7 and c8's on this forum are way overboard, haha. some ppl round here think its still 2022...
Old 05-18-2024, 06:54 PM
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Originally Posted by Kevin A Jones
While C8s are being offered below MSRP at some dealerships and markets, I wouldn't call it a buyer's market as of yet. There's still FAR too many dealers selling at MSRP and even above.
In CA many of the sales people who have never read anything about the C8 will tell you they are still in demand and there is a 5K premium.
Old 05-18-2024, 06:55 PM
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favi1
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I wonder how these people feel now after paying so much OVER sticker. They better enjoy them for a while because they will never get that money back now
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Old 05-18-2024, 07:02 PM
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Originally Posted by phalse
agreed, buyers market at this point and the FS section for both the c7 and c8's on this forum are way overboard, haha. some ppl round here think its still 2022...
Include the C5 Z06 as well. Some were bought during covid and current owner/seller didn't get the word on the all clear.
Old 05-18-2024, 07:10 PM
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Originally Posted by ValenciaOrange
In CA many of the sales people who have never read anything about the C8 will tell you they are still in demand and there is a 5K premium.
Well they are still in demand as demonstrated by C8 sales #s. And in some parts of the country dealers are still getting MSRP and even over in some cases.
Old 05-18-2024, 07:10 PM
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Originally Posted by CharlieFoxtrot4747
Navy Federal shows 4.54 on their website. I just got my vin number. The numbers I have been given are 6,000. below MSRP. Had that number for 6 weeks. Taking out a small loan to save on taxes this year. Hopefully pay it off in January. Things have certainly changed. Ordered this car early April.
Local to me Trustmark Bank gave me a 9-month 5.25% CD rate & I took it just yesterday.

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Old 05-18-2024, 07:27 PM
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"Buyers Market" is misleading.

I paid MSRP for my custom ordered 2022 C8 HTC ($85,600) from MacMulkin. Same build on a 2024 is now $94,300. 😲. $8,700 more!!

I don't know if anyone is getting $8,700 off MSRP right now.

Although I didn't finance much, the rate is 1.99%, compared to today's bloated rates. The higher rates today almost wipe out the discount on they got on car, for the heavier borrowers.

Last edited by RedC8Lover22; 05-18-2024 at 07:40 PM.
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Old 05-18-2024, 07:39 PM
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Originally Posted by Rocketmanwpb
Dealers here are discounting cars that were refused or ordered for stock but not if you order a car for yourself
Not true. My local SMALL volume dealer has 3-5k off CUSTOM orders. You are wrong.

Edit: sorry I missed the "here". Any dealer not offering at least 3k off MSRP deserves to LOSE the sale to McMulkin now. You can order at 5k or more off MSRP at a large volume dealer and have the car courtesy delivered to a local dealer.

NO ONE should be getting sales at MSRP or higher at this point. If your local dealers havent faced reality just go around them to a big volume dealer.


There is a dealer in San Antonio still asking 15k ADM on in- stock units!!! (Northside Chevy). I laughed in their face and showed the MacMulkin's adverts.

Last edited by Korbek; 05-18-2024 at 07:47 PM.
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Old 05-18-2024, 07:46 PM
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Originally Posted by Korbek
Not true. My local SMALL volume dealer has 3-5k off CUSTOM orders. You are wrong.

Edit: sorry I missed the "here". Any dealer not offering at least 3k off MSRP deserves to LOSE the sale to McMulkin now. You can order at 5k or more off MSRP at a large volume dealer and have the car courtesy delivered to a local dealer.

NO ONE should be getting sales at MSRP or higher at this point. If your local dealers havent faced reality just go around them to a big volume dealer.
Agreed - got a 2LT w/exhaust for 71.5k through MM. Pick her up next weekend!


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