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The $52,000 Fantasy Gone

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Old 03-09-2014, 09:56 AM
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stoneh
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Default The $52,000 Fantasy Gone

The original base price of a C7 (LT1 non-Z51) really caught my attention at $52,000. Wow, what a deal! The trouble is, almost every single C7 that I have seen here in Canada so far has been a Z51 LT2 or better which cost $65+. I doubt think that many, if any of the $52,000 cars were ever built and sold here.

Now that the time is coming when dealers might actually order a "base" car for you, well, GM has jacked up the price (recent press articles on $2000 increase). Sadly, the $52,000 C7 was just a fantasy, a nice one while it lasted, but in the end just a fantasy.
Old 03-09-2014, 10:05 AM
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CRABBYJ
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Here's one at Kerbeck listed today. At least three others 1LT Coupes with just the transparent top.

But then again that is in the good old USA.

Kerbeck Cadillac Chevrolet Buick GMC
430 N. Albany Avenue **|** Atlantic City, NJ 08401
SALES: (609) 385-2787 **|** SERVICE: (609) 385-2783
Window Sticker
2014 Chevrolet Corvette Stingray
1LT Stingray Coupe

* VIN 1G1YA2D73E5117349 Engine 6.2L V8 DI engine Transmission 7-speed manual transmission Trim Jet Black, Perforated Mulan leather seating surfaces Color Blade Silver Metallic
Pricing
Destination Charge $995.00
Installed Options
1LT NO CHARGE
Total Options $0.00
MSRP* $51,995.00
Old 03-09-2014, 10:20 AM
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FLYNLO
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Dealers make a lot of money off of options. I know the Canadians only got a certain amount of Corvettes. So the dealers are going to maximize their opportunity to make money....hence the optioned out cars that you have seen. You can't blame them. As the above poster said, there are many here in the US....but I know that doesn't help you.
Old 03-09-2014, 10:25 AM
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GM is in business to make money and satisfy stockholders. What do you expect? Capitalism, which allowed all of this to happen, is capitalism after all. New Corvettes sit sit on the lot for an average of 5 days. In other words, there is no reason to offer price incentives. At $70,000 the new Corvette is still the best sportscar bargain there is.
Old 03-09-2014, 10:30 AM
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Glen e
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This price whining is becoming boring...pay it or don't.....
Old 03-09-2014, 10:41 AM
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C8Jake
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Originally Posted by stoneh
Every C7 I've seen in CANADA has been a Z51 LT2 or better @ $65+...doubt any 1LT's were ever sold here.
1LT...I can't be the only one
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Last edited by C8Jake; 03-09-2014 at 11:43 AM.
Old 03-09-2014, 11:13 AM
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Most of us are delighted that the C7 is being well received from the normal vette enthusiasts and this time around, tons of crossover buyers from other brands. Main reasons are likely the very eye catching futuristic look, coupled with the big technical and interior improvements. It's not unexpected with the big demand, that the price has gone up some ( not a huge amount, as it's only $2000 and $ 1200 more for the Z51 package). The C7 is still a fabulous value. If one's budget can't handle the increased cost, buy a Camaro.
Old 03-09-2014, 11:21 AM
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Originally Posted by FLYNLO
Dealers make a lot of money off of options. I know the Canadians only got a certain amount of Corvettes. So the dealers are going to maximize their opportunity to make money....hence the optioned out cars that you have seen. You can't blame them. As the above poster said, there are many here in the US....but I know that doesn't help you.
GM makes money off options. dealers make money off car sales. the reason there aren't a lot of stripped base cars out there is because early adopters generally don't want that, they want Z51 and other upgrades. dealers are ordering based on what will sell the most right now. people who buy right out of the gate are willing to pay more and buy more. people who wait are the ones who try to save money by incentives, negotiation, and less equipment.

this is true in any industry....
Old 03-09-2014, 11:22 AM
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Originally Posted by stoneh
The original base price of a C7 (LT1 non-Z51) really caught my attention at $52,000. Wow, what a deal! The trouble is, almost every single C7 that I have seen here in Canada so far has been a Z51 LT2 or better which cost $65+. I doubt think that many, if any of the $52,000 cars were ever built and sold here.

Now that the time is coming when dealers might actually order a "base" car for you, well, GM has jacked up the price (recent press articles on $2000 increase). Sadly, the $52,000 C7 was just a fantasy, a nice one while it lasted, but in the end just a fantasy.
Want a deal?
Buy a leftover C6!
Old 03-09-2014, 11:22 AM
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Art-2008
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Originally Posted by Kyflyer
GM is in business to make money and satisfy stockholders. What do you expect? Capitalism, which allowed all of this to happen, is capitalism after all. New Corvettes sit sit on the lot for an average of 5 days. In other words, there is no reason to offer price incentives. At $70,000 the new Corvette is still the best sportscar bargain there is.
I agree with what you say, but this is not a GM issue, it is a Canadian dealer issue. His complaint is because Canadian dealers ordered very few basic cars. I'm sure that GM would have preferred that all dealers order less Z51s [supply problems].

I'm sorry, I see your point too, he does seem to be complaining about the $2,000 price increase also.

Last edited by Art-2008; 03-09-2014 at 11:27 AM.
Old 03-09-2014, 11:25 AM
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[QUOTE=stoneh;1586358717]The original base price of a C7 (LT1 non-Z51) really caught my attention at $52,000. Wow, what a deal! The trouble is, almost every single C7 that I have seen here in Canada so far has been a Z51 LT2 or better which cost $65+. I doubt think that many, if any of the $52,000 cars were ever built and sold here.

Now that the time is coming when dealers might actually order a "base" car for you, well, GM has jacked up the price (recent press articles on $2000 increase). Sadly, the $52,000 C7 was just a fantasy, a nice one while it lasted, but in the end just a fantasy.[/QUOTE

Does $49,900 work for you?
http://www.cars.com/go/search/detail...rib&listType=1
Old 03-09-2014, 11:27 AM
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Originally Posted by Glen e
This price whining is becoming boring...pay it or don't.....
Old 03-09-2014, 11:49 AM
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stevebz06
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If history is any indication, eventually there will be an overstock situation and they'll be discounting unsold car on the lot. I got my first Vette at 7,000 off a sticker of $33,000 without even negotiating.
Old 03-09-2014, 11:52 AM
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Originally Posted by Glen e
This price whining is becoming boring...pay it or don't.....
And you are talking about CANADA! GM never said the price was $52k all across the world.
Old 03-09-2014, 11:53 AM
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Originally Posted by Snorman


And while complaining please note 2015's will most likely be even higher.

So start saving the pennies now, so you won't be surprised come Sept when you will start to see '15's.
Old 03-09-2014, 12:10 PM
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[QUOTE=Jmcdude;1586359326]
Originally Posted by stoneh
The original base price of a C7 (LT1 non-Z51) really caught my attention at $52,000. Wow, what a deal! The trouble is, almost every single C7 that I have seen here in Canada so far has been a Z51 LT2 or better which cost $65+. I doubt think that many, if any of the $52,000 cars were ever built and sold here.

Now that the time is coming when dealers might actually order a "base" car for you, well, GM has jacked up the price (recent press articles on $2000 increase). Sadly, the $52,000 C7 was just a fantasy, a nice one while it lasted, but in the end just a fantasy.[/QUOTE

Does $49,900 work for you?
http://www.cars.com/go/search/detail...rib&listType=1
No this won't work for him. He's in CANADA and can't buy it.
Old 03-09-2014, 12:12 PM
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Originally Posted by BlueOx
And you are talking about CANADA! GM never said the price was $52k all across the world.
So far GM Canada has not announced a price increase actually, so we might get lucky on this one. But even if they do, it'll still be a smokin good deal, because the MRSP on a 2013 up here was $60,000 CDN, but yet the 2014 base price dropped to under $53,000! So even if they raised the price by $7000 (which I doubt they would) we're still getting a bargain! In fact, I don't think you could buy a new Corvette up here for under $60,000 since the era of the C4!

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Old 03-09-2014, 12:13 PM
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Originally Posted by Art-2008
I agree with what you say, but this is not a GM issue, it is a Canadian dealer issue. His complaint is because Canadian dealers ordered very few basic cars. I'm sure that GM would have preferred that all dealers order less Z51s [supply problems].

I'm sorry, I see your point too, he does seem to be complaining about the $2,000 price increase also.
The issue not with dealers in Canada, the US, or anywhere else. The issue is with people who want others to pander to them.

The dealers ordered the Corvettes that they thought they could sell. The fact that the cars remain on their lots no more than 5 days means that the dealers made smart choices.

If you want a base Corvette, then you may order one if no dealer in your region has any in stock. Why is this such a difficult concept?
Old 03-09-2014, 12:22 PM
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Originally Posted by MisterMe

If you want a base Corvette, then you may order one if no dealer in your region has any in stock. Why is this such a difficult concept?
But you can't order one right now up here. From what I've heard there aren't any allocations at all at any of the dealers up here, even Canada's largest Corvette dealer has none! So Canadians have to rely on what is in stock at dealers, and from what I can see online, none of them are ordering 1LT models at all, they are all loaded up cars.
Old 03-09-2014, 12:22 PM
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Originally Posted by stoneh
The original base price of a C7 (LT1 non-Z51) really caught my attention at $52,000. Wow, what a deal! The trouble is, almost every single C7 that I have seen here in Canada so far has been a Z51 LT2 or better which cost $65+. I doubt think that many, if any of the $52,000 cars were ever built and sold here.

Now that the time is coming when dealers might actually order a "base" car for you, well, GM has jacked up the price (recent press articles on $2000 increase). Sadly, the $52,000 C7 was just a fantasy, a nice one while it lasted, but in the end just a fantasy.
It should have been kinda obvious last spring/summer (from the posts here alone) that to get a 2014 C7 ordered exactly how you want it (ex. a 1LT) at MSRP in Canada you would need to do it sooner than later, because of the limited allocations vs. demand. I ordered mine in November and that was probably about the latest I could have waited without being forced to only choose from among the dealer ordered 3LT's on the showroom floors now, often with a markup.

Interesting tidbit - lol the dealership I got it from bought at least 1 new C7 (that I know of) off of another Canadian dealer at MSRP just because they knew they can sell it for MSRP + a markup, after their allocation sold out.


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