Personally, I predict a base price of around $69,995 for the entry-level model, but I can see higher trim levels up to around $100K. Also, they will undoubtedly come up with ME Grand Sport, ME Z06, and ME ZR1 models in later years that could reach up to $200K.
I don't think they will want to entirely cut out their traditional market, and if you spent $60K on a C7 you can probably stretch to spend $70K on a C8. At the same time, I'm sure they will want to go head-to-head with the 911, which starts a little under $100K, but is easily optioned up to $200K.
If FORD can sell the 6 cyl. GT for $450,000 I think the ME could get $150,000. I hope you guys are right because if it over about $100,000 it's out of reach for my toy fund.
There were many reasons why the Ford is over $450,000, starting with it needing to build a brand new factory in Canada — located no where near there are any adjacent Ford facilities. Grant that is a great car with a carbon fiber tub (expensive), though most of all Ford realized that no matter how high they priced it, they would sell 250 units per year (e.g., lots and lots and lots of profit). Remember when they first came out, they were talking $300,000, but when they say the incredible demand (well incredible compared to its 250 units/year capacity, it overnight jumped from that to $450,000+.
Conversely, the Corvette ME will use an existing plant, everything already paid for from C7 profits the first three years, with BGA having is co-located new paint shop, engine build PBC, separate and existing major sub-assembly areas (e.g. IP assembly), and the existing, robotized aluminum chassis build area — just to name a few.
All these existing facilities allow both incredible assembly efficiency, and also the cost avoidance of building them from scratch.
I would be more than surprise, close to “shocked,” if the ME’s entry price exceeds $89,999 — and why my vote in this poll was $77,777.
1) You can sell your gadget for $10,100 each, and you will have customers who will buy it.
2) You can sell your gadget for $101 each, and you will have customers who will buy it.
Which do you do?
The answer very well could be that #2 will make your company more money.
You see, what I didn't tell you is that in case #1 you will sell gadgets to only two customers who are willing to pay that price. You will get a profit of $20,000.
However, if you sell it for $101, then you can sell a million of them. You will get a profit of $1 million in this case.
You can't compare the Ford GT to Corvette mid-engine because the number of units to be sold are drastically different. You see, GM can sell the Corvette mid-engine for not only the $150,000 you suggested, but GM can even sell it for $500,000 each.
The problem is they will not sell as many cars as the price goes up.
The difference between the Corvette and the Ford GT (or the Acura NSX or the Lexus LF-A) is that the latter cars are all halo cars that are designed to sell in very small numbers. Halo cars aren't expected to make money. Theyre built to enhance the prestige of the brand and increase sales of other (profitable) models.
The Corvette is more like the 911. It's the flagship of the brand, but it actually sells in significant numbers and makes a profit. I can't see Chevrolet abandoning this profitable market just for the sake of bragging rights alongside other six-figure supercars (Ferraris, Lamborghinis, McLarens, etc.).
Why would you kill your ZR1 sales by undercutting it with a superior and cheaper ME car? If the C8 ME is replacing all C7s then sure it'll be cheep. It'll have to be. If the ME is going to be the king of the corvette, it will carry a price fitting its status.
I'd say north of $200,000.
Anyhing north of 70k is just nuts for an entry ME, there are other options out there, lets hope GM did their homwork. One can get a nice stable of 2 wheelers & get that front wheel up or just go German. Having said all that I’m very anxious to see what GM comes up with.
I would think the C8 will have a base price of 65,995 and the high end $89,000 through $139,999;.
What might the demographic be? Most of the current buyers are are +52. Are younger people going to pay a premium for a car that Chevy promotes as America's sports car? I don't believe GM will produce a limited amount vehicles in a totally revamped facility.
2) The DCT will be standard. It is hard to estimate the DCT’s incremental pricing, but the best comparable is the increase of an automatic for the Corvette compared to the manual is now $1,725. (And back to the past, if a manual trans is offered in the ME, which is a very long shot, it would become the $1,725 incremental option.)
What?? a manual transmission is a long shot in the ME? What kind of a sports car is that? But then again, I was raised overseas and I wouldn't be caught dead with an automatic transmission in a sports car... no manual transmission? No Corvette for me!
Following GM's official announcement of the C8, here's the latest info from Car and Driver:
We hear Chevrolet will hold the line on pricing for the 2020 Corvette, despite its monumental philosophical shift and abundance of new technology. Expect the new Corvette to cost around $62,000 to start, an increase of around $5000 compared to the C7 Stingray's starting price of $56,995.