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CORVETTE TODAY #129 - Corvette News and Headlines, Early October 2022

Your CORVETTE TODAY host, Steve Garrett, and Keith Cornett from CorvetteBlogger team up once again to bring you the most current and up-to-date information on Corvette. It’s the CORVETTE TODAY News & Headlines show to start off October! https://youtu.be/NG7JwFGJf04; https://podcasts.adorilabs.com/corve...lUqQwp7DeopRJV
Here are some of the topics Steve and Keith will cover next week....
—The Bowling Green Assembly Plant ran a rare “2 shift Saturday” last weekend
--C8 Z06 embargo on driving impression ended last week
--Corvette’s average sale price is almost 20% over MRSP
--The 1st customer ordered Z06 was built last week
--Is Ford benchmarking the C8 Z06?
--Road & Track magazine is now testing the C8 Z06
--Detroit News readers name the C8 Corvette “Best in Show” at Detroit Auto Show
--The new “Driven By Design” exhibit opens at the NCM
CORVETTE TODAY is the only current podcast on Corvette! And our News & Headlines show continues to be your best source of Corvette news in the industry.
Visit the CORVETTE TODAY website, listen to the show, watch the YouTube video, shop in the Merchandise Store, sign up for weekly emails and join the Facebook Group at:
www.CorvetteToday.com
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Z06 Auto-Media Testing Results & Impressions

This is our one thread: Thanks for putting all your posts within it: https://www.midenginecorvetteforum.c...eviews-results
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2023 Corvette Info Including SR Pricing, SR 2023 Visualizer, 70th Anniversary SR/Z06 Press Release; The C8 Z06 Press Release, Order Guide & Its Visualizer Link

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Ridiculous mark ups!

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  • Ridiculous mark ups!

    The whole “dealer addendum” thing is getting ridiculous with some cars. I can’t imagine what is going to happen once these cars hit lots and people who can’t wait start to make crazy offers.

    I honestly think that the biggest markups will come from people flipping their cars. It will be very tempting to some people to flip their car for double the price if they get theirs in early January. Will any dealers or Chevy force people to keep their cars for a certain amount of time like Ford did with the GT?

    let me be clear. I am not promoting this at all. I will keep my spot no matter what because I really want this car for myself. However, I also realize that there will be cases where dealers mark them up like this or people flip them. It always happens.

    Look at this Supra ad. Over $231,000 for a Supra?
    Click image for larger version  Name:	BB047CFF-5802-4F50-B290-CB1AB74A172A.jpeg Views:	2 Size:	734.2 KB ID:	54057

  • #2
    Who pays $200+k for the Supra!? You can nearly get two C7 ZR1s for that

    For the C8 I saw offerings at MSRP at multiple dealers. So I guess markups on C8s will not as crazy as on e.g. the GT500.
    Ordered: 2023 C8 Stingray | Elkhart Lake Blue | 2LT | Coupe | European Model
    ETA: 05/2023

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    • #3
      Originally posted by Ace View Post
      Who pays $200+k for the Supra!? You can nearly get two C7 ZR1s for that

      For the C8 I saw offerings at MSRP at multiple dealers. So I guess markups on C8s will not as crazy as on e.g. the GT500.
      The markups will come from buyers flipping them right away.

      Comment


      • #4
        Originally posted by mpgxsvcd View Post

        The markups will come from buyers flipping them right away.
        And they are a silly person if you're buying a mass produced car that is already titled for more than MSRP.

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        • #5
          I am reminded of the 1978 Corvette Indy Pace Car, Supposed to be a limited edition. Some people bought them with the intention of flipping them, and some second buyers thought they could buy a flipped car for $25K (double the MSRP) and flip them again for $50K.

          Then, it turned out that the "limited edition" was that Chevrolet was only going to make one for each Chevy dealer. And there were over 6,000 Chevy dealers.
          2022 HTC 2LT Z51
          Front lift, mag ride
          black exterior, adrenaline red interior, bright red calipers

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          • #6
            I too know someone who paid a ridiculous overage for a 1978 Pace Car, kept in in a “bubble” for years, and in the end, started to drive it. Lost his *** financially on the car. I know someone who had the same plan on a 2018 Camaro drag race car (that we made 69 of). He lost money too (was expecting to flip it in a month and have that transaction net him enough to buy a super car transporting trailer. Picture thanks to CNET/Roadshow.

            Click image for larger version

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Views:	441
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ID:	54077

            I have a very consistent theme in my life regarding vehicle purchases. Buy HIGH, and sell LOW — though I enjoy driving everything I own. Though a few I keep for 25+ years and those work out fine, e.g., my brand new 1992 GMC K3500 with a 454 and the very last manual trans full sized truck GM ever sold, still have it as our “farm truck” with its 55,000 miles. I paid $22,444 for it. Still works great, though it does smell mouselike inside.
            2023 Z06: Hypersonic Gray HTC, two tone blue interior, complete high wing/aero package. CCB’s, PBC, E60, and with every visible carbon fiber option including wheels. Lifetime, annual contributors, and 24 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.


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            • #7
              That's a deal, you could tell everyone you know you just bought a rebadged car with an inline 6 cylinder for a quarter million dollars. You also would get an award for being the stupidest person God allowed to breathe. Um, it's aToyota, about as collectible as what I just put in the toilet.

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              • #8
                I remember seeing a 78 Pace car at Road America parked in the Corvette Corral and when I looked in it showed 13 miles on it. I guess he lived at the track.

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                • #9
                  It did cross my mind to order two and flip one
                  Torch red 1LT, no options. Built June 4, received July 2

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                  • #10
                    Fir kicks I stopped by a nearby toyota dealer and the car is weirdly attractive....it sort of reminds me of the second gen z4 M couoe..

                    the dealership personal first told me after calling me 4 times to come in and look...that when I got there the receptionist proudly told memthe car was sold...i looked at her and smiled and said thats ok...meanwhile the sales manger who walked me down to the service bay...that the previous gentleman who called and said he was buying backed out...

                    the hype is big...the reality will be less so in my opinion...

                    the one I saw was a launch edition at 58300 dollars seemed like a nice value...the roof is kind of too low...for ingress and egress..

                    the styling is kind of weird....their red paint is a muted red...which believe it or nit Im not really a fan of...

                    nomtargno targa roof is also a deal killer..

                    i would highly suggest an under 60 grand standard no option c8 way before this supra...

                    hopefully ithe supra sells well as its good for the two seat sports car market...

                    even at the base fifty or 55 grand depending on the option group chosen...

                    the attributes of the standard c8 no option vehilce not to mention in my opinion comparing bmw out of warranty parts durability...the c8 would reign supreme...

                    id imagine for a couple of hundred dollars standard c8 owners will eventually opt for z51 sway bars like theyndidnon previous generation corvettes for a nice balance of added performance and minimal costs...

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                    • #11
                      So me being me, I went to their site and got onto their chat. This is what I posted:

                      Wanted you to be aware of this horribly embarrassing typo on the the price. $231,436 for a Toyota certainly made me laugh, but thought you should know so it can be corrected.

                      She said she would bring it to the teams attention.

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                      • #12
                        For the small dealerships they do have to fork over extra money and personnel to be able to sell the C8. Tools and training no Fee lunch
                        Last edited by MikeC8; 07-31-2019, 04:23 PM.
                        Red mist C8. Z51 coupe.

                        2023 Z06 wait list # 396 current #394 at Ciocca Chevy

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                        • #13
                          Originally posted by MikeC8 View Post
                          For the small dealerships they do have to fork over extra money and personnel to be able to sell the C8. Tools and training no Fee launch
                          To be fair, GM has been closing one lift mom and pop Chevy stores for some time, in addition to that the small stores never had allocation for Corvette, much less wanted to sell them. They were fine ordering pickup trucks. Any Chevy store that sells Corvette today can afford to do so. Cost of doing business.

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                          • #14
                            New Supras on Autotempest show from $70k - $85k. Obviously that's a typo. Probably 17k add-on bring to price to $75.

                            Still a stupid price for that.
                            2020 C8 Corvette.D.O.B 2/03/2020
                            Shadow Grey Metallic on Black
                            2LT, Z51 + MRC. GT1 seats.
                            Spectra Grey Tridents.
                            Carbon flash mirrors and spoiler.

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                            • #15
                              Originally posted by Bikerjulio View Post
                              New Supras on Autotempest show from $70k - $85k. Obviously that's a typo. Probably 17k add-on bring to price to $75.

                              Still a stupid price for that.
                              $70k-$85k sounds about right for what some people are paying for them. There are youtubers that were saying things like “No way I am paying $30k over sticker. I got a great deal and only paid $10k over list”.

                              I really hope that these people understand that BMW sells a very similar car for WAY under list and that car is a convertible.

                              The resale values of these cars will plummet next year. People will be losing $30k-$40k in the first year. That is just absolutely crazy. However, there are some car youtubers making $30k a month off YouTube so that is actually even crazier.

                              Comment

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