Thank you Mark.
Sales slowing?
It appears that the cost increase as well as fulfilling initial demand may finally be slowing the sales rate. Cars.com usually had about 1800 C7s for sale and now it is climbing quickly in the last week to almost 2200. Additionally at least one forum dealer is now offering $5k off convertibles.
Or perhaps it is that people are now waiting for the 2015 with the multitude of changes.
It will be interesting to see what the discounts will be on leftover 2014s in another month or two, and if the demand for 2015s stays steady.
My guess is that GM will have to start including more content for no price increase as there just is not a market for $65-80k Corvettes to the tune of 20000 units/year. The >35000 units/year occurred last decade during the days of home price appreciation allowing equity to be used to splurge on toys, but also when the Corvette was not as expensive.
Or perhaps it is that people are now waiting for the 2015 with the multitude of changes.
It will be interesting to see what the discounts will be on leftover 2014s in another month or two, and if the demand for 2015s stays steady.
My guess is that GM will have to start including more content for no price increase as there just is not a market for $65-80k Corvettes to the tune of 20000 units/year. The >35000 units/year occurred last decade during the days of home price appreciation allowing equity to be used to splurge on toys, but also when the Corvette was not as expensive.
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Now 2438 for sale.
How long before invoice pricing is available?
How long before invoice pricing is available?
What % of those 2438 cars are ordered cars?Now 2438 for sale.
How long before invoice pricing is available?
It has been confirmed by several of the dealerships that all the cars they order get placed on Cars dot com by the service they use (stock & ordered). They stay on there until the dealer removes the listing. My car was still listed on Cars dot com, auto trader and yahoo motors etc. etc... two weeks after I was driving it around.
Paraphrasing the Mark Twain saying, "the rumors of my death have been greatly exaggerated, let's try...,
"The rumors of StingRays sales slowing down have been greatly exaggerated."
"Texas2Gun"'s example is so valid, and one more reason why the idea that Corvette sales are slowing is not accurate, certainly not in the context of every car manufacturer wanting, as is considered healthy and desirable, to have a 60-day supply of Corvettes at dealerships. Do not know the current number, but willing to guess we are about half that at dealerships at this time. And, as Z06 manufacturing enters the mix at the Plant, probably in ramp up mode in November, then full production mode in January, that will further reduce the supply of StingRays.
Many were seduced last September, when on a another forum, repeated "pundits" declared, we shall see at least $5K under list by Spring (three months ago), yet what most people experienced was the March 3rd $3,200 Z-51 price increase. And, how many Z-51 orderers thus waited, but then got shut out of 2014's entirely.
As "mjw930" has posted twice, do not be surprised by a November 1st price StingRay increase.
Yes, waiting will work, probably get you a lower price, but not for a fairly long while, probably not sooner than the 2016 model year. However, do not forget to factor in at least two StingRay Price increases between now and then, and for 2016 Z06 "wait'rs," Harlan just as much told us (at the New York Auto Show) that, repeating C6 Z06 history, expect a $5,000 price increase for MY 2016 Z06's.
"The rumors of StingRays sales slowing down have been greatly exaggerated."
"Texas2Gun"'s example is so valid, and one more reason why the idea that Corvette sales are slowing is not accurate, certainly not in the context of every car manufacturer wanting, as is considered healthy and desirable, to have a 60-day supply of Corvettes at dealerships. Do not know the current number, but willing to guess we are about half that at dealerships at this time. And, as Z06 manufacturing enters the mix at the Plant, probably in ramp up mode in November, then full production mode in January, that will further reduce the supply of StingRays.
Many were seduced last September, when on a another forum, repeated "pundits" declared, we shall see at least $5K under list by Spring (three months ago), yet what most people experienced was the March 3rd $3,200 Z-51 price increase. And, how many Z-51 orderers thus waited, but then got shut out of 2014's entirely.
As "mjw930" has posted twice, do not be surprised by a November 1st price StingRay increase.
Yes, waiting will work, probably get you a lower price, but not for a fairly long while, probably not sooner than the 2016 model year. However, do not forget to factor in at least two StingRay Price increases between now and then, and for 2016 Z06 "wait'rs," Harlan just as much told us (at the New York Auto Show) that, repeating C6 Z06 history, expect a $5,000 price increase for MY 2016 Z06's.
I'm just guessing but if the prices are right for the Z06 I wouldn't doubt that all of the 2015's,I'm thinking 15% will be Z06.
All? will be 15%? Z06s? What are you trying to say?I'm just guessing but if the prices are right for the Z06 I wouldn't doubt that all of the 2015's,I'm thinking 15% will be Z06.
I'm saying that the 2015's C7 corvettes that will be manufactured that at least 15% of them will be Z06's.
Maybe in 2016 but the 2015's are a midyear intro, at least 4 months of production, maybe more, before they start building Z06's.
2500.
Yes all new ones are entered into cars.com, but this has been true all year. The fact that the listings have gone from 1800s to now 2500 in about two months is an interesting trend.
Wonder if it will hit 3000?
Yes all new ones are entered into cars.com, but this has been true all year. The fact that the listings have gone from 1800s to now 2500 in about two months is an interesting trend.
Wonder if it will hit 3000?
Even if it gets to 4000, doesn't mean that we're going to invoice pricing for long time, and if folks are waiting for that date to come, they certainly are going to pass through at least one more price increase before we see invoice pricing. Again the strategy of waiting to get a lower price was tried one year ago, and resulted in lots of pain for lots of folks.
The StingRay is increasingly of interest to wider and wider segments. As long as that happens, sales are not going to slow appreciably for a while. For example, at one high school, there were 30 StingRays in the student parking lot. This car remains hot, and not just to the previous 55-70 year old segment.
The StingRay is increasingly of interest to wider and wider segments. As long as that happens, sales are not going to slow appreciably for a while. For example, at one high school, there were 30 StingRays in the student parking lot. This car remains hot, and not just to the previous 55-70 year old segment.
What High School is that.......Beverly Hill$ High?Even if it gets to 4000, doesn't mean that we're going to invoice pricing for long time, and if folks are waiting for that date to come, they certainly are going to pass through at least one more price increase before we see invoice pricing. Again the strategy of waiting to get a lower price was tried one year ago, and resulted in lots of pain for lots of folks.
The StingRay is increasingly of interest to wider and wider segments. As long as that happens, sales are not going to slow appreciably for a while. For example, at one high school, there were 30 StingRays in the student parking lot. This car remains hot, and not just to the previous 55-70 year old segment.
While I'm sure things aren't to the point of slow, there has been a decided shift in the way some of the larger dealerships are working. For the longest time people complained that they couldn't get a salesman to return their calls, in the last 3 days I've been contacted twice by a forum dealer, obviously working of a call sheet of people they couldn't close a few months ago, looking to see if I was still in the market.
Quite a shift from a few months ago.
Quite a shift from a few months ago.
Another great sales month, 3,060 Corvettes sold in July.
Must be some rich parents,buying their high school kids new C7's.When I was in high school.A couple kids had new muscle cars.But not many.
Now over 2800. Local dealer ordered two 2015 retail units because of no presold orders when allotment came through. Just like the CTS and ATS sales have slowed, so too it appears the C7 is slowing.
Over 3450 in cars.com, and now Kerbeck/Macmulkin are offering 8-9% discounts.
Sorry John but I couldn't resist.Even if it gets to 4000, doesn't mean that we're going to invoice pricing for long time, and if folks are waiting for that date to come, they certainly are going to pass through at least one more price increase before we see invoice pricing. Again the strategy of waiting to get a lower price was tried one year ago, and resulted in lots of pain for lots of folks.
The StingRay is increasingly of interest to wider and wider segments. As long as that happens, sales are not going to slow appreciably for a while. For example, at one high school, there were 30 StingRays in the student parking lot. This car remains hot, and not just to the previous 55-70 year old segment.
http://www.stingrayforums.com/forum...ice-pricing-all-remaining-2014-stingrays.html
I know it's remaining inventory and not current model year but it is evidence that the market is normalizing and the days of short supply have ended.
Given that supplier pricing is easy to get by just joining a credit union, and that supplier pricing is very close to invoice, I don't think selling last years inventory at invoice is a major pricing breakthrough.
The main thing it would do for me is it would allow me to use my $3000 in GM Card earnings, that I cannot use with a credit union deal.
The main thing it would do for me is it would allow me to use my $3000 in GM Card earnings, that I cannot use with a credit union deal.
I wish I could have gotten the supplier pricing. I financed using a credit union recommended by the dealer but got no price break at all.Given that supplier pricing is easy to get by just joining a credit union, and that supplier pricing is very close to invoice, I don't think selling last years inventory at invoice is a major pricing breakthrough.
I am fortunate to live within 2 hours of MacMulkin.I wish I could have gotten the supplier pricing. I financed using a credit union recommended by the dealer but got no price break at all.
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