GM announces another price increase but it's not on Corvette!

[Mr.Corvette]

On Friday January 12, 2024, GM Canada announced another $12,000 price increase on the new Hummer. There were no other Corvette or Cadillac price increases at this time as others have been asking recently.

 

[scraze66]

Outrageous. These recent price increases are insane. My dealer lot is full of high trim trucks and SUVs.

 

[tyho]

I'm looking at Porsche GT3 RS or Turbo. The GT3 is pretty much sold out unless a dealer bought one to sell. The Turbo has a year ++ waiting list. Porsche is talking about a price increase of $30,000. This would be north of $400,000 after taxes. Not going that route. I can'r justify paying that much no matter how much I like the car. I'm going to wait to see what the C8 is going to do in the next year with the ZR1. Always been a Vette guy and was thinking of selling my C7 but the more I think about the pricing $200,000 for a Z06 after tax, the more I'm inclined to keep my C7. It's been a great car and still drives beautifully for a 10 year old.

 

[Mr.Corvette]

I'm looking at Porsche GT3 RS or Turbo. The GT3 is pretty much sold out unless a dealer bought one to sell. The Turbo has a year ++ waiting list. Porsche is talking about a price increase of $30,000. This would be north of $400,000 after taxes. Not going that route. I can'r justify paying that much no matter how much I like the car. I'm going to wait to see what the C8 is going to do in the next year with the ZR1. Always been a Vette guy and was thinking of selling my C7 but the more I think about the pricing $200,000 for a Z06 after tax, the more I'm inclined to keep my C7. It's been a great car and still drives beautifully for a 10 year old.

Tyho, you won't be able to get a ZR1. Canada only got 95 coupes and 36 convertibles in 2019 and the big dealers only got 3 of them.
Are you on a list already? I put my deposit in a year and a half ago.

 

[CamsC8]

I'm looking at Porsche GT3 RS or Turbo. The GT3 is pretty much sold out unless a dealer bought one to sell. The Turbo has a year ++ waiting list. Porsche is talking about a price increase of $30,000. This would be north of $400,000 after taxes. Not going that route. I can'r justify paying that much no matter how much I like the car. I'm going to wait to see what the C8 is going to do in the next year with the ZR1. Always been a Vette guy and was thinking of selling my C7 but the more I think about the pricing $200,000 for a Z06 after tax, the more I'm inclined to keep my C7. It's been a great car and still drives beautifully for a 10 year old.

This is why I spec'd a 1LZ Z06. With tax credit I'm barely over $160k...

 

[tyho]

Tyho, you won't be able to get a ZR1. Canada only got 95 coupes and 36 convertibles in 2019 and the big dealers only got 3 of them.
Are you on a list already? I put my deposit in a year and a half ago.

No deposit anywhere. I was going to go the Porsche route this summer but with the anticipated increase plus tax I simply can't justify paying so much, even if the car has great reviews. I want to wait to see what the C8 will be like longer term with the new Z06 engine.

 

[harshadt]

I guess somebody, or a lot of somebodies,l are buying these cars despite these massive price increases. My C8 is used May-Sept, (I have a 4Runner for Oct-Apr) so even though I contemplated getting a Z06 or ERay, I simply cannot justify the expense. Also, I hope to retire some day, and if I bought a $400,000 Porsche, well, I would probably have alimony payments on top!

 

[Zedder]

You won't be getting a new GT3 either without a purchase history of 6 or 7 prior non-SUV Porsche purchases from that P-car dealer. One can't just "buy" a new GT3 because they want one...