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Only oneThing Matters : Mid-Engine Corvette Price

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  • Only oneThing Matters : Mid-Engine Corvette Price

    Performance, beauty, styling, comfort and everything else will be superior to the splendid C7. The "issue" is price. yes (____) no(___).

    ___________________________________
    Jalopnik

    Only One Thing Matters About the Mid-Engine Corvette: Price



    Raphael Orlove
    Today 4:45pm
    20.0K
    118Save


    This is going to sound more and more obvious the more I get into it, but you’re going to be hearing a lot of even dumber stuff about the mid-engine 2020 Corvette in the coming days and weeks. People will argue about its power. People will argue about its handling. But there’s only one thing that will make or break the mid-engine Corvette, and it’s the price.

    I’ll start with a little digression. Back in 2007, another gigantic corporate megalith debuted a new generation of one of its classic sports car nameplates. It was controversial in its engine layout, its styling, its size, its weight, everything. But over the years people came to understand it as a legendary vehicle. I’m talking about the R35 Nissan GT-R.
    Article preview thumbnailI Tracked A Nissan GT-R And I Get It Now


    There's a particular moment you have, I think everyone has, when you start your first trip on…

    What made that car such an icon was that it offered supercar performance for decidedly not-supercar prices. As we noted a few years ago, at $69,850 was about $30,000 less than a Corvette ZR-1, but not slower. Article preview thumbnailThis Chart Shows How The Nissan GT-R's Price Has Skyrocketed 35% In Five Years


    Remember when the Nissan GT-R was considered a budget super car? Yeah, not anymore. The 2013 Nissan …
    Read more
    The thing is, the GT-R has grown increasingly expensive over the years and now is not just as fast as a six-figure car, but priced as a six-figure car. If you want one, you need to drop more than $100,000 for it, at which point it’s not really moving any narrative forward. It’s just a fast car that’s expensive, just like all the other ones, only it has a V6 for some reason. There’s nothing special about it.

    The point is, dynamics unchanged, the price is what made the GT-R once iconic and now normal.

    The same situation presents itself with the mid-engine Corvette. As anyone who has driven a C7 (or any other modern Corvette) could tell you, the way the car drives is just about faultless. It has tons of power, even in base form. The handling is great. The ride, particularly once you get into the magnetic shocks era, is outstanding. These are usable, practical, exploitable performance cars. They have been for years. There is no reason to doubt that the C8 will be, like the C7 before it, a great driving car.

    But if it costs $100,000 or more, there’s no real point to it existing. What’s the point of GM, basically, making a non-turbo McLaren of a few years ago? It’s not new thematically, other than being made by GM. There’s nothing there to prove. There’s nothing meaningful going on there. Article preview thumbnailWhat If The Mid-Engine Corvette Costs $170,000?


    Every time we write about the mid-engine 2020 Corvette—and it’s been a lot lately—its price tag…

    But if the car costs what a regular front-engine Corvette does now or even just above it, say, at around an R35-esque $70,000 mark, things are different. Then GM is advancing the sports car narrative. It’s then offering an exotic car platform at a non-exotic price. It’s democratizing a mid-engine powerhouse, and it’s not coming from some low-volume manufacturer. This is Corvette, not DeTomaso Panteras being sold by Lincoln-Mercury dealers.

    So while everyone else sweats 0-60 times and power-to-weight figures, keep your eye focused on the MSRP. That’s the only thing here that could make a good car great.

    Now, if you happen to think that going mid-engine for the Corvette is a mistake altogether, I have a different thought to share, and it might not be one you like.
    Last edited by SheepDog; 07-15-2019, 09:20 PM.

  • #2
    Thank you SheepDog. Interesting that that comes from Jalopnik @ https://jalopnik.com/only-one-thing-...e-p-1836384505

    I find that article strange, not that its point is not “spot on,” but Jalopnik knows it is a going to cost $70,00 (or less). So what was the point of the article since they already know that. Perhaps to focus their readers — for again their point is well taken that if the C8 Stingray were to start at $89,000, balloon to $115,000 with the 3LT package and a few more goodies, that while first year sales might not be impacted, sales for years 2+ would be ever and significantly declining.

    What do I know, for maybe by their writing this, this is their most clicked on C8 article within the last three months?
    Last edited by John; 07-15-2019, 09:30 PM.
    GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

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    • #3
      The article says "stop the irrelevant fantasizing". The C7 was great. The C8 will be better.. The pricing will decide things that matter. The success of the car.

      I have fantasied irrelevancies. Guilty, guilty. guilty. The thing that matters is that the price is right. True. If it is C7-good with the engine back-there , then eye-good..

      Then We-Good. All-Good.
      Last edited by SheepDog; 07-15-2019, 09:45 PM.

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      • #4
        I totally agree with your thought process.... While everyone seems to be focused on the 'base' price, I, for one, don't think the 'base' means much to the typical Corvette buyer. Who really wants a 'base' or as they were called back in the day, a stripper??? I'm going to predict that a well optioned ME C8 will run in the $80's and a similar 'vert' will be in the mid $90's. That's not even the rumored Z06 or Grand Sport. I really believe that the ME will take Corvette, over the next couple of model years, up into the area that the real super cars have moved past. Think about it. Are there any real 'super cars' available in the $100K to $175K price range??? Last time I looked, it was pretty hard to find anything south of $200K.

        That said, if the C8 comes out of the box well equipped just south of $90K, we'll find the various hipo models ranging from $100K to $150+ two to three years down the road.

        There will be nothing stopping the brand from reviving a new generation FE car to satisfy demand for a lower priced entry model Corvette. Remember, GM announced the end of C7 production. They never 'officially' said it was the last FE Corvette!

        I totally agree with you in that we'll start to see the 'Generals' grand plan begin to unfold in just a few days. That said, there will still be a whole lot to speculate about beyond the 'script' delivered on the 18th.
        2020 HTC Torch Red with lots of goodies. Built in September. Museum Delivered in October......

        Other toys in the garage: Ferrari California, BMW i8 Roadster, Bentley Flying Spur

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        • #5
          Rumor is the price is starting five grand higher than the c7...yet in my opinion...

          what was optional in the c7 we may find is standard in the c8...

          as a simple example...the automatic A8 in the 2019 corvette I believe was 2 grand...in the c8 the automatic now a dct is standard...

          so if the price is five grand higher as a base msrp it includes 2 grand that used to be an option...

          i have a feeling we will find a few other items that used to be optional will now be standard...and even if there isnt. I always said id pay an extra three grand to go from a torque convertor automatic to a dct so Im good.

          the other options and their costs per item could rise significantly if gm follows the porsche formula for profit...and that could be a problem...

          z51 fe4 and that front end lift kit hopfully wont add too much to the purchase price.
          Last edited by JB; 07-15-2019, 10:58 PM.

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          • #6
            Originally posted by tooold2race View Post
            I totally agree with your thought process.... While everyone seems to be focused on the 'base' price, I, for one, don't think the 'base' means much to the typical Corvette buyer. Who really wants a 'base' or as they were called back in the day, a stripper??? .
            The 1lT Stingray has been the top selling model of the C7 since its introduction. Price matters to a lot of Corvette buyers. And the base Stingray is hardly a "stripper."

            If the typical C8 Stingray is pushing 90K the second shift won't last long, and neither will the Corvette.
            Delivered 5/29!: Scarlet Fever 2021 2LT HTC, Red Mist Metallic Tintcoat, two-tone Natural w/ suede inserts, Mag Ride, Performance Exhaust

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            Proud member of the Old Dominion Corvette Club: https://www.olddominioncorvetteclub.org/

            Never grow up - It's a trap.

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            • #7
              While I understand the rationale behind the the price tag issue, even an entry level C7 Corvette in 1LT form is not a strippy. Yeah it has vinyl interior pieces and plastic but the vinyl is nice usually double stitched and the plastic is soft touch. Lets face it, the C8 team is not going to let anyone down here! A Corvette has been a bargain supercar since the 08 C6 and the cost is reflective of the sacrifice that has to be made to keep costs down. A Ford GT is a half a million dollars because it has a carbon fibre monocoque chassis, billet bits and carbon everywhere else. The car is lightweight and the motor really isn't all that if you ask me, a V6 TT ecoboost that is 65% out of a truck. I have never seen one on the road anywhere. Why own a car like that but you can't drive it?

              We already know the price is going to be 5-6K more than the 57K C7 entry price (naysayers will find out in less than 3 days!). They didn't spend 1.8 billion dollars and add another shift to BGA if they weren't absolutely sure they had the winning formula.

              If you love the Corvette everyone is going to be a winner here. Have faith for 3 more days!!!
              Vette's owned: 99 Sebring Silver Convert - 10yrs, 2008 Crystal Red Convert,w/cam, longtubes and Vortech supercharger. C8 VIN 00336 built on 2/10/20 - Delivered 3/18/20 C8 Spec: Torch Red 2LT, Z51, FE4, E60, CF7, FA5, AH2, HUL, J6E, TU7, 3F9, Q8P, 5ZU, R8C

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              • #8
                Originally posted by meyerweb View Post

                ......

                If the typical C8 Stingray is pushing 90K the second shift won't last long, and neither will the Corvette.
                I’m with you on this point. You don’t plan for higher volume by pricing a product in a niche product price range. I contend that the Vette will continue to be a bargain, especially compared to similarly appointed Porsches.
                Initial deposit for 2021 Red Mist HTC 11/25/2019 @Criswell
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                • #9
                  I think we all have an idea of how upscale a car we might focus on. In my case, a Z51 convertible with mag suspension and 2LT interior, and some appearance upgrades. That would have more performance than I would ever need. So the cost of an 800 horsepower car does not affect me in the least.

                  It will be interesting to see how the price points get massaged.
                  Last edited by Milliwatt Rob; 07-16-2019, 06:07 AM.

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                  • #10
                    Let us not spend the last three days thinking about price. The C8’s price will please 98+%.
                    GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

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                    • #11
                      I agree with you John. I believe GM wants to "jump start sales" in a positive manner, and the price will not be a deal breaker. I'm sure with options, the price will be higher than some would expect. But in the end, the C8 will have an impressive design, and price will be a minor issue for those true Corvette buyers. I was looking to buy a 2017 Audi R8, but the more I see the C8 Corvette, the more I'm falling in love with it. In California, the sales tax is 9.62%, so I'm planning the final price will be in the upper 70's or the lower 80's out the door.

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                      • #12
                        The only thing I want the C8 to lose is the "best bang for the buck" monicker. Every time I read that it makes me think that, that is nothing more than a back handed compliment. It's like saying, darling you have a beautiful face, followed up with, too bad about the fat a$$. The best bang for the buck saying isn't a compliment to me, and auto writers have been saying it for decades about the Corvette. The implication is if you can't afford a new Porsche you can settle for a new Corvette. I don't want to read it's a best bang for the buck sports car. I just want to read it's one of the best sports cars you can buy right now, period.
                        Last edited by ChopTop; 07-18-2019, 03:49 PM.

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                        • #13
                          The Corvette narrative, it seems, truly is a story of value. Reliability. Price. Performance. And Presence.

                          The C8 Watch, is consciously or other, an assessment of the value metaphor within the C8's reveal.

                          If there is criticism, and there's always some, it will be about the balancing of the elements at the price. "Should have been a pinch more of this and less of that" kind of thing.


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                          • #14
                            “in the c8 the automatic now a dct is standard”.......JB, I don’t know what a dct is. I’m trying to learn a lot in a short time. Could you explain this to me??

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                            • #15
                              Hi Sandy...a dct is a mixture of an automatic transmission as many of us know where the transmission shifts the gears for us as we accelerate and a manual transmission where we as the drivers select the gears ..and step on tje clutch pedal. With a dct there is no clutch pedal to step on and you have the option of never shifting gears or doing it all the time, basically a dct is a computer controlled manual transmission

                              in the dct its what is in ferraris and gives a much more exciting and direct driver feel than say the torque convertor automatic transmission in a maserati...(which is a more luxury oriented vehicle compared to the ferrari which is more sporting..

                              you can google dct if you like or you can ask further details of a dct here.


                              i hope this helps explain the differences ...

                              sports cars with dct s are

                              porsches, ferraris, lamborghinis, mclarens

                              sports luxury cars with excellent torque convertor automatics

                              jaguars f type , , maserati two door these days, corvette c 7s came in manual tranmission or torque convertor automatic....

                              i would suggest the dct is a melding of the two transmissions (manual transmission and a torque convertor automatic) for a middle ground that has the attributes of both and pretty much none of the negatives..

                              this description would be from a users perspective.




                              Last edited by JB; 07-16-2019, 07:18 AM.

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