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Corvette
C8 Forum
Worrisome Predictions for Future Canadian C8 Prices
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<blockquote data-quote="DenisC8" data-source="post: 317770" data-attributes="member: 6490"><p><strong>Base price of Canadian C8 Stingray can reach $110,000 from the current $79,000</strong></p><p></p><p>We already know that the 2024 Canadian price change was not a price "increase" for the product, but a "correction" to the USD to CAD exchange rate as $1 USD costs $1.35 CAD</p><p></p><p>Here is what I predict:</p><p>1. There is more exchange rate price corrections coming for 2024 model year as the exchange rate will get as bad as $1 USD to $1.40 CAD</p><p>2. A)When the UAW strike is over and they get a 25% pay increase in USA that will equal to 35% increase in Canadian price so C8 will see multiple price increases going forward.</p><p> B) Once UAW get their 25% increase, that will set precedent for 25% pay increases for parts manufactures and suppliers.</p><p>3. Currently, the used Canadian C8s are the cheapest they will ever be due to:</p><p> A) End of driving season</p><p> B) Record high 8% interest rates</p><p> C) Flippers dumping their "investments"</p><p>4. Global C8 Stingray production will decrease with start of E-Ray and Z06 production on Monday Oct 2nd and will never comeback to previous levels</p><p>5. Canadian allocations for 2024 C8 Stingrays will be the lowest of all past years.</p><p>6. the C8 will go down in history as the best sports car for the money.</p><p></p><p>In conclusion:</p><p>If you are happy with your C8, hold on to it for as long as you can.</p><p>If you want to get rid of your C8, wait until at least May/June 2024.</p><p>If you want to custom order a new C8, don't delay and order ASAP.</p><p>If you want a new C8 that is already on the lot, scour the entire country for available 2023 model.</p><p>If you want a used C8, don't delay and buy one ASAP.</p></blockquote><p></p>
[QUOTE="DenisC8, post: 317770, member: 6490"] [B]Base price of Canadian C8 Stingray can reach $110,000 from the current $79,000[/B] We already know that the 2024 Canadian price change was not a price "increase" for the product, but a "correction" to the USD to CAD exchange rate as $1 USD costs $1.35 CAD Here is what I predict: 1. There is more exchange rate price corrections coming for 2024 model year as the exchange rate will get as bad as $1 USD to $1.40 CAD 2. A)When the UAW strike is over and they get a 25% pay increase in USA that will equal to 35% increase in Canadian price so C8 will see multiple price increases going forward. B) Once UAW get their 25% increase, that will set precedent for 25% pay increases for parts manufactures and suppliers. 3. Currently, the used Canadian C8s are the cheapest they will ever be due to: A) End of driving season B) Record high 8% interest rates C) Flippers dumping their "investments" 4. Global C8 Stingray production will decrease with start of E-Ray and Z06 production on Monday Oct 2nd and will never comeback to previous levels 5. Canadian allocations for 2024 C8 Stingrays will be the lowest of all past years. 6. the C8 will go down in history as the best sports car for the money. In conclusion: If you are happy with your C8, hold on to it for as long as you can. If you want to get rid of your C8, wait until at least May/June 2024. If you want to custom order a new C8, don't delay and order ASAP. If you want a new C8 that is already on the lot, scour the entire country for available 2023 model. If you want a used C8, don't delay and buy one ASAP. [/QUOTE]
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Corvette
C8 Forum
Worrisome Predictions for Future Canadian C8 Prices
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