10-18-2022, 06:46 AM | #1519 | ||
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10-18-2022, 08:53 AM | #1520 | |
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Frankly if Covid markups didn’t happen and you could get a Z06 at MSRP it would be a great buy. Given what they are going for though, I’d rather pay markup on a GT3. At least they hold their value, That marked-up Z06 is going to depreciate like a rock a I suspect. |
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10-18-2022, 01:44 PM | #1521 | |
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Go back to corvette history, and then look at our future beyond this c8 generation. They never made a car like this before and they won’t ever. This is the first and last of its kind. Gm’s first supercar. It seems that people have a tough time admitting this is gm’s first time at the top of the world in the sense that everyone knows about corvettes now because of the c8 and more so with this z06. The name of the game is make money. GM will. |
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10-18-2022, 01:55 PM | #1522 | |
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10-18-2022, 03:22 PM | #1523 | |
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This is unfamiliar territory with the economy and these types of cars. |
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10-18-2022, 03:34 PM | #1524 | |
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458 and GT3 markets are down about 5-10% from peak already. If those values keep dropping they will take the C8Z down with it as people cross shop them. A fool and his money are soon parted. |
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10-18-2022, 03:40 PM | #1525 | |
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Vettes hold value well but not like porsche. I think people paying $100k over are going to be shocked by the impact. Realistically used market will end up somewhere 10% below MSRP fast which is where the Z06 typically would hold. Maybe you are right but I doubt it. Especially when the porsche and other market goes back to normal. |
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10-18-2022, 04:27 PM | #1526 | |
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10-18-2022, 04:42 PM | #1528 |
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Chips are still slow. But the ADM mark-up is dropping so already is starting to shift. Also if you are over on Rennlist one thing you’ll hear a lot of is they are offering far lower on trade-ins all of a sudden. That to me is the first clue of the shift.
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10-18-2022, 04:43 PM | #1529 | ||
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10-18-2022, 05:44 PM | #1530 | |
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We're in the 4th model year of the stingray and they're still in high demand. The price of used has dropped a bit but not much, it's still high. And dealers still put ADM's on NEW stingrays. In the 4th model year. How many C8Z's have they put out for MY23? lol How many of those were Z07's? lol We don't even know how long the z06 production would be. Remember this is an NA car and each year that goes by, gets more strict. The C8Z could be like the C7Z and have a 5 year production run. The C8Z might not even get to 40k units when it's all said and done. You combine that possible low total production number, with the high demand, the quality of the product, the future of the product (meaning no more engine like this in the C9), the parts shortages, plant shutdowns, the economy, comparing the used market of the stingray being in it's 4th MY production, and everything else, you're saying a couple of years down the road the C8Z used won't pull tens of thousands over MSRP still? I really think you're underestimating this car's worth in relation of the future. Again there is NO MORE like this car after the C8. C9 may not be a full EV lineup but there is no NA V8 in the C9. None. I didn't even mention this car is rumored to run the ring in 7 minutes or faster. What corvette has ran 7 minutes? None. What car has come close? The C7 ZR1. An outdated platform without the exotic dressings like the C8Z with the bespoke engine. A high revving FPC engine. Why do people love porsche so much? The engineering, the performance, the quality, the high revving engine no? The C8Z has that, give or take on quality since it's only "a chevy". Everything GM has done to this car was a final sendoff in giving their buyers a chance at owning their first supercar for half or a third of other supercar/exotic pricing. This car will go for A LOT of money years and years down the road. I can't wait to be proven wrong. I won't though. |
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10-19-2022, 02:16 AM | #1531 | |
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Dealers put ADMs on Toyota Corolla’s too and those are in their 50th model year |
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10-19-2022, 02:40 AM | #1532 | |
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pretty much. some people here are acting like they can pull up in a z06 to the top clubs in miami or LA and expect to have it parked up front. sorry, its a chevy. by the time you've explained to the doorman why your chevy is not just any chevy, and why your c8 is not just any c8 but is a special edition z06 with a fpc different from the 10 other c8s that just drove by.... well they've already moved it and put a 458 or R8 up front in its place.
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10-19-2022, 02:46 AM | #1533 | |
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10-19-2022, 07:28 AM | #1534 |
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10-19-2022, 10:42 AM | #1535 |
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But eventually they will make those Z06's (supposedly!) and then the supply will have increased while demand has decreased. MSRP will increase in future years, moving it closer to $200k for a loaded one. The GT3 and 458 market still has room to move down after their huge run ups. I think you are being incredibly optimistic about the long term value of the car considering the overall used car market starting to decline and interest rates continuing to go up.
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10-19-2022, 01:45 PM | #1536 | |
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I’m not saying the car will cost the same as a veyron but let’s say we’re in the year 2026 right now today. That z06 new base will still fetch for 120k+ and used will still go for 140+. Everyone is scrambling for their last perfect ICE dream car before we all go into the sunset into ev land. |
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10-19-2022, 02:00 PM | #1537 | |
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![]() ![]() ![]() Ok buddy. I know you're excited but at least be realistic. You think people are going to pay $140k for a used 2023 Z06 in 2026? lol come on man. High revving FPC engines are very mileage sensitive on resale value. |
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10-19-2022, 03:05 PM | #1538 | ||
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10-19-2022, 04:02 PM | #1539 | |
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Meaning it were in 2026, a 2025 could be used. Also just not long ago used 2020 stingrays we’re going for over 100k for 2LT’s. Again I want to be proven wrong because I know lots of people here don’t want to admit gm finally made it with this car but I know I won’t be wrong. I’ll stick around on this forum for years to come so I can say I told you so. |
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10-19-2022, 04:28 PM | #1540 | |
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The last 3 years have not been a "normal" car market. Every new car was selling at or over MSRP, not just the C8. Stupid people were paying $20k over for Kia Tellurides and $30k over for a Ford Bronco, neither of which have anything special about them. How about $100k over for a G Wagon or Hummer EV? lol! Interest rates were 2% for the last 3 years and the economy was red hot too. The next 3 years will be very, very different. Fools and their money... |
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