The C8 may decimate the high end used sports car market
#141
Melting Slicks
When you can have a 2008 to 2010 Gallardo for $100k with around 550 hp or a brand new (with today’s tech and reliability) C8 wtih 495 hp for around $65 k to $70k ... which will people choose (if they were deciding on a mid engine but can’t afford a new one - this is the used buyer and not the lux brand buyers who can afford brand new $300k cars)
Last edited by tcinla; 07-22-2019 at 11:30 AM. Reason: 2008 to 2010 not 2008 to 2019
#142
Banned Scam/Spammer
When you can have a 2008 to 2019 Gallardo for $100k with around 550 hp or a brand new (with today’s tech and reliability) C8 wtih 495 hp for around $65 k to $70k ... which will people choose (if they were decide g on a mid engine but can’t afford a new o w- this is the used buyer and not the lux brand buyers who can afford brand new $300k cars)
#144
Banned Scam/Spammer
Lets see how many used so called "exotic supercars" find new homes when the C8 Z06 hits the market with performance that makes the import humpers heads explode. I absolutely love this.
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Tennis & Golf Nut (07-22-2019)
#145
I honestly don't know. If the sales numbers of the C8 far exceeds previous first year Corvette sales (by exceeds I mean comes close to double) then perhaps it has soaked away some of the other marques customers. If however those sales numbers are comparable to past years intros, then likely it will be the same clientele revisiting the brand.
.I get that we feel like the Corvette has entered that elite club of cars (Ferrari Lambo, Mcleran, etc), and from our perspective we have. The new Corvette looks a lot like those cars, and offers the opportunity for many of us to own and drive an exotic looking mid-engine car. However, for the people that can afford and buy those true "exotics", the Corvette will be nothing more than a novelty entering the market. Some may buy one just to see what the car is like, but if one can afford a $300K limited production exotic why would the dump it to buy a $60K mass produced look-alike only to see themselves coming and going when the go out for a drive.
The C8 appears to be a great car, one which I will likely own within the next year. But I'm not going to delude myself into thinking my new car is going to destroy the market for the high priced exotics just because it looks like them and has excellent performance.. The people that buy Valentino, Brioni and Armani are not likely to go to Men's Warehouse because they can buy three suits for $100.
. .
.I get that we feel like the Corvette has entered that elite club of cars (Ferrari Lambo, Mcleran, etc), and from our perspective we have. The new Corvette looks a lot like those cars, and offers the opportunity for many of us to own and drive an exotic looking mid-engine car. However, for the people that can afford and buy those true "exotics", the Corvette will be nothing more than a novelty entering the market. Some may buy one just to see what the car is like, but if one can afford a $300K limited production exotic why would the dump it to buy a $60K mass produced look-alike only to see themselves coming and going when the go out for a drive.
The C8 appears to be a great car, one which I will likely own within the next year. But I'm not going to delude myself into thinking my new car is going to destroy the market for the high priced exotics just because it looks like them and has excellent performance.. The people that buy Valentino, Brioni and Armani are not likely to go to Men's Warehouse because they can buy three suits for $100.
. .
#147
Safety Car
This will be short term difference at most. At 60k, after a few years and some depreciation, there will be a ton of mid engine Corvettes running around. Once that happens, the novelty is gone. People buy luxury sport brands because of exclusivity, dealer experience, status etc.
#148
Melting Slicks
Due to the fact that not too many people can afford theses used toys and are getting SUV's instead, could be the greatest factor of them all. However a new C8 could be had for a used go-fast exotic toy should be a great factor as well.
#149
Melting Slicks
My typo. I mean 2008 - 2010 and not 2019. but here is a listing in the L.A. area that shows pricing:
https://www.cargurus.com/Cars/invent...sModified=true
There's a 2012 up for sale by a private seller in Buena Park, a LP550-2 @ $108K. I'm sure you can talk him down to $100k.
https://www.cargurus.com/Cars/invent...sModified=true
There's a 2012 up for sale by a private seller in Buena Park, a LP550-2 @ $108K. I'm sure you can talk him down to $100k.
Last edited by tcinla; 07-22-2019 at 11:33 AM.
#150
Race Director
I get it your excited and somewhat emotional coming off the reveal, but the C8 will have zero measurable impact on the 911 market or any other high end auto manufacturer.
Any of those buyers will simply add a $60K Chevy as a beater should they be inclined. Perhaps some impact on the Cayman.....time will tell.
Any of those buyers will simply add a $60K Chevy as a beater should they be inclined. Perhaps some impact on the Cayman.....time will tell.
Not true.
I am no longer interested in the Porsche. Last week I almost put a deposit down.
I have the funds for either car but I would rather have a Vette.
Cayman sales will tank at least 20%, if not more. 4 cylinders can kiss my ***.
About $60k less for the C8. I'll use that to buy my New Toyota Tundra when that comes out in the next year or two.
I won't worry about it as much from aholes hitting my doors when I park.
All the Porsche BS you have to put up with, aka dealers, markups, expensive parts/service, a bitch to work on and mod, etc...
I'd much rather support American companies and easier to service if need be.
I have nothing against Porsche, I still love em.
#151
I've been in the market for a Cayman for several months. Had one picked out and made an appointment at the dealer this weekend but cancelled and placed a deposit for a C8. Based on personal, real world experience, yes it will have a real impact. Surely, I'm not alone.
The C8 is a total game changer. Everyone suggesting that because passed generations didn't have a greater impact on the sports car market the C8 won't either are delusional. Passed generations were not mid engine. They did not break this much new ground in design. They were performance bargains for sure, but the C8 is in another league from a design and performance perspective.
The C8 is a total game changer. Everyone suggesting that because passed generations didn't have a greater impact on the sports car market the C8 won't either are delusional. Passed generations were not mid engine. They did not break this much new ground in design. They were performance bargains for sure, but the C8 is in another league from a design and performance perspective.
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#152
Race Director
I get it your excited and somewhat emotional coming off the reveal, but the C8 will have zero measurable impact on the 911 market or any other high end auto manufacturer. Any of those buyers will simply add a $60K Chevy as a beater should they be inclined. Perhaps some impact on the Cayman.....time will tell.
same thing when the C5 z06 came out..nothing. same thing when the c6z06 came out,..nothing.... same thing when the C6ZR1 came out...nothing.. same thing when the c7z06 came ou....t nothing.. same thing when the C7ZR1 came out...nothing...And guess what's gonna happen when the C8 Z06 and ZR1 come out...You guessed it...NOTHING. A base car will still be in the 60s with dealer fees. now just add just 2lt and z51 you are around 70K..Did the C7 have huge impacts on others? nope
you guys crack me up
you guys crack me up
Well, I own a C6 Z06 and in no way did I expect that to change the marketing or sales of other cars.
This New C8 is mid-engine, Ferarri like styling and Sub 3 seconds...
Anyone who doesn't think this is not going to affect other car sales is brain dead.
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Ministry (07-22-2019)
#153
Race Director
I make a lot of money, $60k is a lot to anyone.
Someone said, "$60k is not a lot of money to someone making $400k a year." I make a lot more than that.
Whoever says otherwise is full of chit.
I'd rather have the C8 and invest in 3 or 4 nice watches with the difference.
Someone said, "$60k is not a lot of money to someone making $400k a year." I make a lot more than that.
Whoever says otherwise is full of chit.
I'd rather have the C8 and invest in 3 or 4 nice watches with the difference.
#154
Race Director
When you can have a 2008 to 2010 Gallardo for $100k with around 550 hp or a brand new (with today’s tech and reliability) C8 wtih 495 hp for around $65 k to $70k ... which will people choose (if they were deciding on a mid engine but can’t afford a new one - this is the used buyer and not the lux brand buyers who can afford brand new $300k cars)
Screw that.
If they offer an extended Warranty to 75k or 100k miles on the C8 I'll probably take it and beat the **** out of it.
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vettesweetnos (07-22-2019)
#155
Won’t change used exotic car market bc people want those for many reasons.
Even the C7 has tons of performance. But a $59k ME will definitely be felt by Porsche Cayman/Boxster, and sporty coupes including Mercedes and BMW in the same new car price range
Even the C7 has tons of performance. But a $59k ME will definitely be felt by Porsche Cayman/Boxster, and sporty coupes including Mercedes and BMW in the same new car price range
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Tennis & Golf Nut (07-22-2019)
#156
Melting Slicks
2012 Lamborghini Gallardo @ $108K. 24,000 Miles on the odo. This is what you get :
Or for $40K Less you can get this with NO MILES, MORE RELIABILITY, and LOWER OPERATING COSTS:
Choose ye this day...
Or for $40K Less you can get this with NO MILES, MORE RELIABILITY, and LOWER OPERATING COSTS:
Choose ye this day...
Last edited by tcinla; 07-22-2019 at 12:35 PM.
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#157
Disagree. As a McLaren owner, I can say that the depreciation curve is already very REAL. The market for all exotics (save for the NGT and uber high end cars) is extremely soft. While the Stingray buyer may not be cross shopping a new exotic, they certainly could in the secondary or tertiary market. If those cars don't move, the ones up market will be impacted as new exotic buyers looking to trade may think twice. A three year old $440K 675LT spider has a current trade value of $200K. Think about that. It's a very limited run production car (500 cars worldwide). 488 Pista's are about to get stung by the F8 and Performante's are flagging with the introduction of the EVO. Manufacturer's are not helping themselves in their rush to roll out new tweaks to models, and the C8 Z and ZR1 will certainly have an even greater effect.
#158
Melting Slicks
Gallardo is a fun car to drive, the sound it makes is incredible but the interior is by far it's worst attribute and not a fair comparison to any modern sports cars. It's exactly why I have to laugh at all the threads bashing the C7 interior which is light years ahead of these now old sports cars in comparison. I considered a Gallardo prior to purchasing my C7 last summer. They can be driven without issue but maintenance is far more expensive than any Vette. For me though it's a once a year proposition so it did not really enter into the equation that much. In the end the C7 was just a much better car overall than the used Gallardo and the C8 will be even better yet. I do think it will put some pressure on Lambo's that are beginning to age a bit. I also think it will put some pressure on the used 911 scene as well. 911's depreciate pretty hard in the first 3 years.
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ArmchairArchitect (07-22-2019)
#159
Melting Slicks
Not true.
I am no longer interested in the Porsche. Last week I almost put a deposit down.
I have the funds for either car but I would rather have a Vette.
Cayman sales will tank at least 20%, if not more. 4 cylinders can kiss my ***.
About $60k less for the C8. I'll use that to buy my New Toyota Tundra when that comes out in the next year or two.
I won't worry about it as much from aholes hitting my doors when I park.
All the Porsche BS you have to put up with, aka dealers, markups, expensive parts/service, a bitch to work on and mod, etc...
I'd much rather support American companies and easier to service if need be.
I have nothing against Porsche, I still love em.
I am no longer interested in the Porsche. Last week I almost put a deposit down.
I have the funds for either car but I would rather have a Vette.
Cayman sales will tank at least 20%, if not more. 4 cylinders can kiss my ***.
About $60k less for the C8. I'll use that to buy my New Toyota Tundra when that comes out in the next year or two.
I won't worry about it as much from aholes hitting my doors when I park.
All the Porsche BS you have to put up with, aka dealers, markups, expensive parts/service, a bitch to work on and mod, etc...
I'd much rather support American companies and easier to service if need be.
I have nothing against Porsche, I still love em.
#160
Melting Slicks
Heres a 1998 Acura NSX @ $72K with 73K miles on the odo.
https://www.cargurus.com/Cars/invent...ting=235120103
-OR-
For slightly less you can get a well equipped C8 Z51 brand new / reliable with no miles on it and a that performs better, Has a lower operating costs... and Did I mention it will come with a WARRANTY?
Decisions, Decisions....
https://www.cargurus.com/Cars/invent...ting=235120103
-OR-
For slightly less you can get a well equipped C8 Z51 brand new / reliable with no miles on it and a that performs better, Has a lower operating costs... and Did I mention it will come with a WARRANTY?
Decisions, Decisions....
Last edited by tcinla; 07-22-2019 at 12:59 PM.
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Jackie Chiles (07-22-2019)