Why the high price increase? Lets look at the numbers...

Mr.Corvette said:
Remember when I said it's not just Corvette this is happening to with price increases? One of my contacts at GM told me today the Camaro is up $6500 as well!
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Which brings us back to my conspiracy theory about some of this coming from Ottawa.
Smith in Alberta is thumbing her nose at the CN Tower aerialist, saying 2050 is the best they can do, even though Ottawa wants (because they wanted to be first in the global race to net zero) it done by 2035 (the rest of the world agreed to 2050).
Putting an end to fossil fuels, and ICE powered anything, one silly, poorly designed, meaningless, ineffective regulation at a time.
Mexico, here I come......
 
It is quite odd that within the past few weeks that so many people got calls for allocations and at that time there were no 2024 pricing and people just assumed a 2-4k price increase. GM then got a bunch of their usual orders and dealers got deposits. 2 weeks after prices jump 12k. Even this week a a lot of allocations given to Canadian dealers. GM all of a sudden cares about giving allocations to Canada when they can get 12k more. Probably why very limited allocations were given in the past 6 months for 2023 models. GM planned this well in advance.
 
C82NV said:
It is quite odd that within the past few weeks that so many people got calls for allocations and at that time there were no 2024 pricing and people just assumed a 2-4k price increase. GM then got a bunch of their usual orders and dealers got deposits. 2 weeks after prices jump 12k. Even this week a a lot of allocations given to Canadian dealers. GM all of a sudden cares about giving allocations to Canada when they can get 12k more. Probably why very limited allocations were given in the past 6 months for 2023 models. GM planned this well in advance.
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It does seem that way. It all happened so fast, and caught us all off guard, I'd say?
The scenario you describe could be GM "testing the waters" to see how well or poorly their surprise price increases will affect Canadian sales?
I'm trying to convince myself that some portion of the price increase is justified by the added new high-tech safety features, to some extent. Higher tech is not cheap, and that's been demonstrated in various industries on various products, phones, TVs, power tools, batteries, EVs.
A few years ago, Winnebago/Mercedes-Benz changed their base motorhome (Sprinter) chassis from NCV3 to VS30, and the chassis prices went up, as expected. They (Winnebago) started using the new chassis the next model year 2019, with all the added built in Mercedes-Benz safety technology (much of the same type of technology is now on the new 2024 Corvette) and the base prices of all their motorhomes that used it, went up by as much as $40,000 per unit. I was considering a new motorhome at the time, until I saw the price increase. In hindsight, the VS30 chassis has had more than it's share of recalls, so I felt exonerated for my decision to stand pat. Used was fine for me at that time.
So, used or new? The used prices are on the rise, for now, as predicted. Damn!
I think it comes down to whether you still want one of these toys now, today, or can you justify the price jump, but wait it out for a while?
Decisions, decisions.....what to do, what to do?
 
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Cannonball Rally said:
I just watched a video that said the new Mustang is a $300k car - that seems outrageous to me!
How many buyers do they think they will actually get at that price point?
300k mustang
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If that is the route , they are going, I know I would pass and I am a, Ford Mustang, GT, of course, fan.
 
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Hi guys, since I’m new to the Corvette world, I need some advice from the seasoned members. The C8 1LT with the Z51 package and a few other options would be my first Corvette. With the new price increase I’m looking at 115,000 after taxes. I have an opportunity to buy a 2018 grand sport 3LT With every option GM had available for the vehicle that year for $75000 + tax
What would you do? Any advice would help.
 
Peewee said:
Hi guys, since I’m new to the Corvette world, I need some advice from the seasoned members. The C8 1LT with the Z51 package and a few other options would be my first Corvette. With the new price increase I’m looking at 115,000 after taxes. I have an opportunity to buy a 2018 grand sport 3LT With every option GM had available for the vehicle that year for $75000 + tax
What would you do? Any advice would help.
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You're comparing apples to oranges.
The C8 is mid engine and the C7 is front engine.
You don't mention whether the C7 is a stick or not, but that's another consideration.
The 1LT C8 is bare bones while the Grandsport is loaded with options.
I never wanted a C7 and really wanted a mid engine car.
 
Peewee said:
Auto and I just want to know if the bare-bones C8 is worth $40,000 more than a fully loaded C7
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interesting question actually - I did this all when I was looking at my next summer car purchase after selling my SL550 - in any event I could not justify not going to the mid-engine. With the new C8 I felt I would be getting a lot more let alone full warranty, latest tech stack and brand new. I could not justify spending $75k to $90k on something used let alone not getting it the way I wanted it. I also was unsure of where the market would be going on the resale side say in even 2 or 3 years on the C7. To me I knew or felt I was confident that at least with the latest C8 version I would not take potentially as large a hit as I might take with the unknown market of the used.
 
Peewee said:
Hi guys, since I’m new to the Corvette world, I need some advice from the seasoned members. The C8 1LT with the Z51 package and a few other options would be my first Corvette. With the new price increase I’m looking at 115,000 after taxes. I have an opportunity to buy a 2018 grand sport 3LT With every option GM had available for the vehicle that year for $75000 + tax
What would you do? Any advice would help.
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Interesting , verify , if still on warranty and if not , if you can get one. Mileage?
 
Peewee said:
Hi guys, since I’m new to the Corvette world, I need some advice from the seasoned members. The C8 1LT with the Z51 package and a few other options would be my first Corvette. With the new price increase I’m looking at 115,000 after taxes. I have an opportunity to buy a 2018 grand sport 3LT With every option GM had available for the vehicle that year for $75000 + tax
What would you do? Any advice would help.
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C8 is the answer every time
 

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