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2021 Price increases

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  • 2021 Price increases

    Have been planning on a 21 model for various reasons, including getting more out of my C7. Hearing the chatter about possible price increases, as occurred with the C7 after the first year makes me start thinking about jumping in with you 2020 guys. I would think there will be considerable buying pressure on the C8 stingray, that will likely keep us at MSRP longer than the C7, because the car is so much more than previous generations.
    I don't really want to wait to try to get less than sticker.
    What do you guys think about the amount of the likely price change with what you see in the tea leaves or your crystal *****?
    2020 Convertible, Torch Red, 2LT, NPP, Natural, GT1, E60, Q8Q, perpetual status 3000

  • #2
    What if the rumors of an economic downturn are true? What does that do to prices? A lot of what if’s.
    You can’t always count on the worst always happening.........Lou Reed....😎
    Black over Sky Cool Gray.....2LT.....Z51.....FE4.....E60.....

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    • #3
      I am getting a 2020 hopefully built in Feb. I heard the price increase could be $3,000 or more for 2021. Get your 2020 order in now.
      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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      • #4
        I fail at predicting what the rest of my day will even turn out to be.
        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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        • #5
          AMEN John!

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          • #6
            Well to quote a well known songester 🎼“The answer my friend is blowing in the wind ,the answer is blowing in the wind”🎼

            The question that would be nice to know is “When does anyone think the C8 will sell for less then MSRP?
            I’m thinking the answers are the same. 🎼
            As far as price increases we’ll my guess is: YES and as soon as GM thinks the market will bare it and @ the highest amount $$ the market will bare.
            If you believe a recession is around the corner that will effect the equation. My thought is why wait? Will prices go up ....YES
            Will C8’s go for less then MSRP ? YES someday Then the question is New or used?
            Life is just too short and uncertain
            J MHOFWIW YMMV
            2020 Stingray Triple Blue Coupe “Cindyblue”
            6000: status : R8C on August 5,2020 @10:00 🥳🍾
            2020 C8 Stingray; 3LT ; GS7 Elkhart Lake Blue ; HTO Twilight/Tension interior; Z51;FE4 Mag Ride; C2Q dual roof ; FA5 interior vis CF; ZZ3 engine appearance; Q8T Spectra Gray Tridents; RCC; J6E yellow Calipers; VQK Splash Guards; EYK Chrome Exterior Badge package; R8C
            2014 Stingray Laguna Blue : SOLD

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            • #7
              On another topic, maybe should be another thread, what is the best time to sell your C7?
              Black over Sky Cool Gray.....2LT.....Z51.....FE4.....E60.....

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              • #8
                Originally posted by Meldoon View Post
                On another topic, maybe should be another thread, what is the best time to sell your C7?
                Soon as circumstances allow and plan on getting less then you expect imo
                2020 Stingray Triple Blue Coupe “Cindyblue”
                6000: status : R8C on August 5,2020 @10:00 🥳🍾
                2020 C8 Stingray; 3LT ; GS7 Elkhart Lake Blue ; HTO Twilight/Tension interior; Z51;FE4 Mag Ride; C2Q dual roof ; FA5 interior vis CF; ZZ3 engine appearance; Q8T Spectra Gray Tridents; RCC; J6E yellow Calipers; VQK Splash Guards; EYK Chrome Exterior Badge package; R8C
                2014 Stingray Laguna Blue : SOLD

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                • #9
                  Well the good thing in my favor is the 2017 I have was deeply discounted. I don't blame a company for getting the most out of a hot seller. That is what I would do.

                  They could go up X amount on options, and Xx amount on each trim level, etc.
                  2020 Convertible, Torch Red, 2LT, NPP, Natural, GT1, E60, Q8Q, perpetual status 3000

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                  • #10
                    Prices will increase. That is a given!

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                    • #11
                      For what it’s worth, I jumped in on the waiting list the day after the reveal BECAUSE of the low MSRP (and the car is sexy as hell). I just upgraded my C7 grand sport to a C7 Z06 2 months ago (I wasn’t planning on getting a C8 for a few years). Anyway, good luck deciding!

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                      • #12
                        Originally posted by Meldoon View Post
                        On another topic, maybe should be another thread, what is the best time to sell your C7?
                        The C7 market is down right now. The Auction numbers are higher on 2018s than 2019s. Reason being you got dealers like the one in Miami and one in Virginia advertising base C7s for $42,500. Of course they are base cars and the 7,500 in rebates most do not qualify for or are just misleading. I think that if the market is strong on the C8s the absolute best time will be when folks actually price out the c8s and realize with options they get up there . So the C7 market will be redefined in the next few months.

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                        • #13
                          Originally posted by Meldoon View Post
                          What if the rumors of an economic downturn are true? What does that do to prices? A lot of what if’s.
                          You can’t always count on the worst always happening.........Lou Reed....😎
                          Economic turndowns do kill the sales of things we don't need but want. An $80,000 sports car fits that category. I do have a realistic opinion of Corvette and the C8s future but it may be too negative for some to hear BUT, falls in line with what has been happening to Sports car sales. I am not the only one with this vision. Bob Lutz shares the same vision. Maybe it is why he talked about FE Corvette SUvs in the future. Another thing on the plus side for GM and not for the waiting buyers is with RHD C8s coming out for 2021 and the fall over into 2021 of US sales of those that are waiting the sales will remain high. It is a big possibility the C8s will go up in price but as of now it is rumor and I am sure GM is waiting to see how the European market and the Asian Market accept this car before a final decision on price increases. If I were to bet I would put my money on the prices going up and maybe the frenzy will go beyond 2021 if Nowling Green can only produce 40,000 units a year. You also have to keep in mond the small dealer mentality. When they see that their 12 car allotment flys off the shelf they will all order a bunch of unsold c8s for 2021 and mark them up. Some of these dealers end up with 2 year old brand new cars eventually and fall in love with them or so it seems when you look at their pricing and unwillingness to fairly discount something they can not sell in their market.I found three dealers online the other day that still had NEW 2018s they could not sell two years ago with little incentive to buyers.
                          BOTTOM LINE, John hit the nail on the head for most of us. Life for some is getting shorter , myself included and I am not going to beat myself up to save a buck. My crystal ball is as cloudy as the next person that thinks he has the answers.

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                          • #14
                            You will see a price adjustment in about 6 mo.When the 2021 do come out no doubt you will see another.If you have a 2020 on order and it gets a order than it will be price protected for the 2020 build.If it is not built and the 2021 comes out you are out of luck

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                            • #15
                              Same thing happened when I bought my 16 Camaro as soon as orders opened up. Price increases followed very soon.
                              The greatest sound in the world is a Rolls Royce Merlin over 100 inches.

                              1LT, Elkhart Lake Blue, Adrenaline red seats, Torch red seat belts, Z51, FE4, Bright red brake calipers, Bright Silver 5-open spoke wheels, chrome emblems

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