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Corvette
C8 Forum
Worrisome Predictions for Future Canadian C8 Prices
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<blockquote data-quote="CamsC8" data-source="post: 317975" data-attributes="member: 5998"><p>There's one vital item you left out...</p><p></p><p>Lux Tax.</p><p></p><p>This tax has fundamentally changed how everyone will consider purchasing a new 2024. The price increase combined with the lux tax has thwarted flippers (which most will agree helps supply) but it also affects resale because now residual values will decrease with many more being offered to purchase new. I know of two Z06 (1 inbound) already cancelled. Folks just aren't willing to pay such a high price for the Z06 and E-Ray.</p><p></p><p>Having just returned from Atlanta this past week I was able to see a few car dealerships and there's loads of C8s for sale. I'm sure that in lieu of high asking prices folks are dropping their pants to sell. With so much supply both in the U.S. and Canada those numbers will impact resale and I feel we have not seen the bottom just yet...wait until spring...I suspect at least a 20% decrease.</p></blockquote><p></p>
[QUOTE="CamsC8, post: 317975, member: 5998"] There's one vital item you left out... Lux Tax. This tax has fundamentally changed how everyone will consider purchasing a new 2024. The price increase combined with the lux tax has thwarted flippers (which most will agree helps supply) but it also affects resale because now residual values will decrease with many more being offered to purchase new. I know of two Z06 (1 inbound) already cancelled. Folks just aren't willing to pay such a high price for the Z06 and E-Ray. Having just returned from Atlanta this past week I was able to see a few car dealerships and there's loads of C8s for sale. I'm sure that in lieu of high asking prices folks are dropping their pants to sell. With so much supply both in the U.S. and Canada those numbers will impact resale and I feel we have not seen the bottom just yet...wait until spring...I suspect at least a 20% decrease. [/QUOTE]
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Corvette
C8 Forum
Worrisome Predictions for Future Canadian C8 Prices
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