Are ther new zr1's that have gone unsold? Are prices coming down?
Check http://jeffhardy.com/lookupvette.php for current dealer's inventory. GM hasen't built a Vette since Dec 23rd and dealer's inventories haven't dropped that much in the past month. It looks like around a dozen new ZR1's have sold in the past month. Since GM has said it might be early March before Bowling Green starts back in production, I suspect most dealers are holding on to their "market adjustments" to see what happens in the next couple of months. There is always a chance that Bowling Green might not start back up producing Vettes, or it's possible that the plant might be idle until the July startup with 2010 models. I'm guessing it depends on how sales of current inventory goes in the next month or so. It dosen't seem that there is much reduction in inventory occuring by watching Jeff hardy's site.
well here in puerto rico i know about two dealer with cyber gray zr1 and one is asking
210k and the other one want 200k for it. i think this prices are too high for a car that cost 118k. here in puerto rico i expected to see them in 140k more or less after all the government fees but 200k, its incredible.
Not because he said so, but because he is stating history. Every new model GM comes out with that has high demand/low production has been reduced to begging for invoice down the road. I bought a '93 ZR-1 in Dec '92 for $1000 UNDER invoice and they only made 448 of them that year. When I bought my '93, there were dealers that still had '91 ZR-1s who couldn't dump them for $10,000 under invoice. It's just history, no disrespect meant to any of the past, present, or future cars.
I'll wait until history repeats itself and get another ZR1 to go with my '93 and pocket the money. I already have a fast car so it's not like I'm starving for performance...I am looking forward to a "bigger" steak dinner though.
Where are all the people who were saying the ZR1 would be at MSRP by now ?. There are probably less than 550 on the ground, many of these went to VIP's and are GM cars. Don't look for these prices to get soft for quite awhile...
Not because he said so, but because he is stating history. Every new model GM comes out with that has high demand/low production has been reduced to begging for invoice down the road. I bought a '93 ZR-1 in Dec '92 for $1000 UNDER invoice and they only made 448 of them that year. When I bought my '93, there were dealers that still had '91 ZR-1s who couldn't dump them for $10,000 under invoice. It's just history, no disrespect meant to any of the past, present, or future cars.
I'll wait until history repeats itself and get another ZR1 to go with my '93 and pocket the money. I already have a fast car so it's not like I'm starving for performance...I am looking forward to a "bigger" steak dinner though.
History does indeed repeat itself. Time will come that ZR1 will sell for consderably less. The only thing that would keep that pattern from happening again would be for the Feds/GM to permanently cease production of the ZR1.
And if that happens, I will just buy a newer Z06 in a couple of years. No big deal. ZR1 is simply not worth paying market adjustment to meet my DD and thrill needs.
__________________
GOLD72
1972 WB Coupe L48/TH400 - Sold
2001 QS Z06 - Sold
2006 VY Z06 - Sold
2007 MR Vert - NCM Delivery & Wife's Garage Queen
2010 Vanilla Latte CTS 3.6L Sport Wagon - Wife's DD
2011 AW ZR1 - NCM Delivery & Daily Beater
Where are all the people who were saying the ZR1 would be at MSRP by now ?. There are probably less than 550 on the ground, many of these went to VIP's and are GM cars. Don't look for these prices to get soft for quite awhile...
What no one saw 6 months and more ago was a minimum of 2 to 3 months of BG production line shutdown during the model year when highly saleable ZR1s could have been made but weren't due to coupe/vert/Z06 sales being in the tank.
Location: Houston, TX Picture above at "Tail of the Dragon"
Quote:
Originally Posted by glass slipper
Not because he said so, but because he is stating history. Every new model GM comes out with that has high demand/low production has been reduced to begging for invoice down the road. I bought a '93 ZR-1 in Dec '92 for $1000 UNDER invoice and they only made 448 of them that year. When I bought my '93, there were dealers that still had '91 ZR-1s who couldn't dump them for $10,000 under invoice. It's just history, no disrespect meant to any of the past, present, or future cars.
I'll wait until history repeats itself and get another ZR1 to go with my '93 and pocket the money. I already have a fast car so it's not like I'm starving for performance...I am looking forward to a "bigger" steak dinner though.
If history is your basis, then you know that it took three years for that to happen. The current ZR1 is six months into that.
I fully agree that current conditions are hard to predict, but lets not forget that production is very low right now, so supply and demand are actually still in the dealers favor on ZR1's.
__________________
Jim
2009 Z06 - Cyber Gray/Titanium 2LZ
My Web Site - http://www.corvetteforum.net/c5/jschindler/ Previous Corvettes: 94 Coupe, 01 Coupe, 03 Vert, 05 Coupe, 05 Vert, 08 Coupe Current daily drivers: '10 Lexus GS350 (My DD), 12 Acura TL SH-AWD (wifes) Other current toys: 09 Honda Goldwing, 10 Kawasaki Concours
If history is your basis, then you know that it took three years for that to happen. The current ZR1 is six months into that.
I fully agree that current conditions are hard to predict, but lets not forget that production is very low right now, so supply and demand are actually still in the dealers favor on ZR1's.
It happened after the first year. A little over 3000 ZR-1s were sold in '90 where MSRP was the equivalent of $120K+ in todays $$$ (adjusted for inflation) which depleted all of the deep pockets, the recession hit in '90-'91, and the LT1 was coming out in '92 with 300 HP making the additional $30K 375 HP ZR-1 option too much on a bang for the buck basis. Reread my post again where I said '91 ZR-1s were still on dealer's lots when I bought my '93...there was a glut of '91s left over because of poor sales and that was with only ~2000 made. In '92, only 502 were made because demand had dropped so much...many people don't know that the ZR-1 was killed in Sept of '91 when GM told Lotus to stop development of the 475-500 HP variable valve timing LT5 that was to debut in the '95 model year. The LT5 is a heavy engine as is the case with DOHC engines and the '92 LT1 as well as preliminary work on the LS1 indicated GM could get better performance in a smaller/lighter package with less HP. Actual production of the LT5 stopped at Mercruiser at the end of '93 with enough engines having been built/stored to carry through the '95 model year with 448 made in '93, '94, and '95. The only dealers allowed to order a ZR-1 in '93 were dealers who either sold or ordered one in '92 because so few dealers ordered one in '92...too many dealers got burned in '91. I had to drive 90 miles to Daytona to find the closest dealer that could order one...I ordered it in Sept '92 and got the last one alotted to this region. I started tracking the ZR-1 in '87 when it became my dream car, I lived and breathed the history of that car.
History repeats itself over and over, the one thing that kept the price of the Z06 up was the fantastic bang for the buck...you simply can't buy that much performance for so little with a factory warranty. You're correct about the stopped production holding ZR1 prices up right now and I think that is why dealers are asking higher prices now...why dump it when they can't get another one. Just wait for the guy that has to have it and milk him for all they can or another scenario they may be betting on is no more '09 Corvettes are made which will make the current crop of ZR1s very rare and they can ask mega $$$.
Last edited by glass slipper; 01-19-2009 at 01:20 PM.
Where are all the people who were saying the ZR1 would be at MSRP by now ?. There are probably less than 550 on the ground, many of these went to VIP's and are GM cars. Don't look for these prices to get soft for quite awhile...
Those people that were saying ZR1's would be selling at MSRP by now figured that GM would be building Corvettes. GM has had one plant shutdown plus the current one, that looks like it's going to be an extended one. If GM had kept producing Corvettes, including ZR1's, at their normal production rate, ZR1's would be all over the place, unsold. Those people were figuring on GM producing twice what they have so far, as the rumor was 2,000 ZR1's would be produced annually. Drop another 500 in the dealer's lap tomorrow and see what happens to the selling price.
Corvette Store
Availability????
History does indeed repeat itself. Time will come that ZR1 will sell for consderably less. The only thing that would keep that pattern from happening again would be for the Feds/GM to permanently cease production of the ZR1.
