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re: Extended C8 Corvette discussion: It is being called a sports car market disrupter

Posted on 7/25/19 at 11:18 am to
Posted by YouAre8Up
in a house
Member since Mar 2011
12792 posts
Posted on 7/25/19 at 11:18 am to
At the end of the day it's still just a Chevy. The market will be flooded with them and their value will tank.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 7/25/19 at 11:20 am to
Oh I thought they were trying to compete with the hellcat/demon with the gt500 after doing the gt350.


I stand corrected
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43449 posts
Posted on 7/25/19 at 11:24 am to
quote:

C8 Corvettes will be up for sale in corners of shady used car lots 10 years from now


You expect this vehicle to have a large market of buyers? 60k is still 60k.

This isnt like a camry or 30k mustang. It's obtainable to Upper Middle Class.

Some baw from the trailer park or hood isn't going to be able to buy this

Im interested in GM's estimated sold per year.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138920 posts
Posted on 7/25/19 at 11:26 am to
You're asking why the GT cost almost 10x as much as the C8?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 7/25/19 at 11:29 am to
The C7 averaged about 25000 sold per year.


Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57012 posts
Posted on 7/25/19 at 11:29 am to
they sell anywhere from 12k-40k a year. in comparison the toyota camry sells 30-40k a month
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 7/25/19 at 11:31 am to
It really is a great move by Chevy. Lots of guys who want the supercar look but can't or won't shell out six figures will probably jump at it. The styling is on point and even a base model will turn heads, something that a lot of $60k cars cannot do. I think it could hit the "third car" market for a lot of people with disposable income.
This post was edited on 7/25/19 at 11:32 am
Posted by Clames
Member since Oct 2010
19568 posts
Posted on 7/25/19 at 11:32 am to
My father called a local large Chevy dealership, asked about allotments and markup on the C8's. These are going to be nearly $100k for those wanting to be the first buyers. Told my dad to wait until at least the second year of production, after the inevitable initial problems are discovered and dealt with and they'll be closer to MSRP.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43449 posts
Posted on 7/25/19 at 11:33 am to
quote:

they sell anywhere from 12k-40k a year. in comparison the toyota camry sells 30-40k a month



So using your figures (I think youre right), at the highest end for every 12 camry's you see on the road there will be 1 C8. I think 20-25k like the other poster stated for the C7 sounds about right for the C8. So probably 24 to 1 ratio
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 7/25/19 at 11:33 am to
quote:

You're asking why the GT cost almost 10x as much as the C8?





Some are. If an alien showed up how would you explain the cost difference?
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43449 posts
Posted on 7/25/19 at 11:34 am to
quote:

These are going to be nearly $100k for those wanting to be the first buyers.


Damn shame.
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57012 posts
Posted on 7/25/19 at 11:36 am to
quote:

So using your figures (I think youre right)


I am, production numbers/units sold very based upon new model releases. they drop down to 12-15k for a few years then bump up with new releases

quote:


Generation Corvette Model Year Total Production
C7 2017 22,801
C7 2016 40,689
C7 2015 34,240
C6/C7 2014 37,288
C6 2013 13,466
C6 2012 11,647
C6 2011 13,596
C6 2010 12,194
C6 2009 16,956
C6 2008 35,310
C6 2007 40,561
C6 2006 34,021
C5/C6 2005 37,372
C5 2004 34,064
C5 2003 35,469
C5 2002 35,767
C5 2001 35,627
C5 2000 33,682
C5 1999 33,270
C5 1998 31,084
C4/C5 1997 9,752
C4 1996 21,536


The vette is not a profitable product for chevy, its a marketing tool
This post was edited on 7/25/19 at 11:37 am
Posted by Hangover Haven
Metry
Member since Oct 2013
33646 posts
Posted on 7/25/19 at 11:37 am to
quote:

The market will be flooded with them and their value will tank


Dumbest thing said on TD today...

Yeah, cause the average person drives a $60K car that's built for 2 people...

This post was edited on 7/25/19 at 11:38 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 7/25/19 at 11:38 am to
Yea, but 25k per year sold is a TON for a mid engined car with supercar level performance and styling.

Posted by member12
Bob's Country Bunker
Member since May 2008
33142 posts
Posted on 7/25/19 at 11:38 am to
The Italian, Japanese, British, and German sports cars under $150,000 are all going to have to be re-thought.

The C8 is a game changer.
Posted by member12
Bob's Country Bunker
Member since May 2008
33142 posts
Posted on 7/25/19 at 11:40 am to
quote:

The vette is not a profitable product for chevy, its a marketing tool



Very few will be sold at their base price.

And the switch to a mid engine chassis is practically permanent. All future generations of Corvette for the foreseeable future will have a mid engined design (electric or gasoline powered) and will likely use this same chassis for a long time.
This post was edited on 7/25/19 at 11:41 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 7/25/19 at 11:40 am to
quote:

The vette is not a profitable product for chevy, its a marketing tool


No idea of the accuracy, but someone in the other thread claimed that 15k sold/year was the break even point. Looks like Chevy smashes that most of the time.
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57012 posts
Posted on 7/25/19 at 11:41 am to
quote:

Yea, but 25k per year sold is a TON


It is. in comparison the high production Lambo and Ferrari make 1-2k a year
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138920 posts
Posted on 7/25/19 at 11:41 am to
quote:

Some are. If an alien showed up how would you explain the cost difference?

Well, the GT is all carbon fiber monocoque with extremely complex bodywork not to mention all the other lightweight materials used in the frame. 650 HP from a 3.5L V6 with racing suspension, brakes, and other components pretty much makes it a street legal high end racecar.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
68038 posts
Posted on 7/25/19 at 11:42 am to
beautiful, but the interior kills it for me
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