MMD

I read that NCM is currently moving 45 deliveries a week through the Museum. Hope you catch a good weather day. It's an experience of a lifetime.

ssump29

No it's still alot on money even on the coast. Just don't live in the overpriced pockets and cities and that amount goes a long way when you know how to spend it wisely.

Italianfox

I'm retired and unfortunately my income is short of your pretty low. So I must be at the poverty level and using the Covid19 largess to buy my C8 HTC. At 3300 now!

PerKr

The main driver of that increase in customer median income last year is probably Covid-19. Those who are well off will still buy sportscars. Those somewhat less fortunate are more concerned about the employment situation. Basically, those buying the 3LT trim level keeps buying while those buying no-option 1LT's stop buying. Last year is not a good measure at all and this year will also be a poor one.
You'd probably see a similar situation for Mustangs and other fun-rather-than-utilitarian cars.

ssump29

Since everyone just speculating and not answering the question or even saying where they fall into this. I'll start my base income alone is 175k, that's my base so when I get bonuses my income ranges from 175k-350k. I've owned exotics and I'm now buying my first Corvette, they simply now appeal to me when they didn't before. Saying 200k isn't alot of money is crazy talk. Especially when my one week paycheck pays the car note and then some for this vette.

srewood

Income is kind of not really relevant when talking about a discretionary purchase like the c8. It's more about how much of your income you have available to spend, and on the coasts where you can make big money you also end up spending big money.

Here, nice cars tend to be driven by older folks, even though some younger ones have the money: they're trying to save up to buy a house. Out here, housing is very expensive, and the older folks have much lower mortgage payments.

Foosh

Fox Business just quoted an article of dubious veracity published by "GM Authority" (a blog with no official affiliation with GM) a few days ago. That article had no data to back up that claim.

ssump29

While I agree it still goes back to how you spend. I'm 38 and house has three more years of mortgage before it's mine. Built the house at 22 years old with lesser income. The thing I don't do and won't ever is go purchase homes with hefty price tags simply because I can afford it now due to income. The common American mistake is more people live to far above what they should and they believe they have to have a certain image or square footage. Hell HGTV have made a damn billionaire successfully ran channel literally putting those people on tv and getting Americans to tune in.

1600 sq home is enough for family of four's and sometimes five, yet many Americans look down and feel that's too small and can't do it and overspend to get 3300 plus homes and large mortgages. Bay area is well overpriced and I feel sorry for those that are smart with money out there.

Sorry rant over.

64drvr

I’d be lucky to make $118,000.

tobiasjenkins

I'm definitely not part of that stat. My car will cost more than I make a year - but I'm just good with money, and the expense of having the car will not have a notable impact in my budget. I am simply getting one, because I can. I do think that the C8 appeals to folks with a higher income, but I doubt that the average C8 owner will ultimately just be folks with that level of income. I think there will still be plenty of folks like me that are straight middle class, and just want to go to work with a smile on their face.

TPAJETSKI

"Rich" is relative. I have family members that think 100K a year is obscene money and others that would feel they were in poverty at 100K.

Another observation I've made in my 25 years as a working stiff....the more you make, the more you spend. I think it might have been Patrick Ewing back in the 90's during a contract dispute when asked why the players needed so much money responded..."we need a lot of money cause we spend a lot of money." Truer words were never spoken.

itsonlyairandfuel

Rich people don't talk about being rich. Just my own observation.

TPAJETSKI

I think the first part cancelled out the second part.

MMD

Dubious! What? GM Authority not being allfiated with GM is the only thing you got correct in your post. The article in question is sourced through information obtained from an interview with Steve Hill, North America Vice President, General Motors, during a call with the media attended by GM Authority. You also mention data. Reading your post it is crystal clear you have no idea what you are talking about, you clearly did not read the article posted at GM authority, and you have an axe to grind. If anyone is had dubious veracity it is clearly your post.

Z0HS1CK

Haha exactly.

rider1

ladder13

Just a lowly retired civil servant here.

Foosh

I read it clearly, but you apprarently didn't read my critiques on this and other threads. What I've said repeatedly is that there is no data presented or methodology used to evaluate the claim.

I was trained as a scientist, which means you don't believe assertions without proof. They only reported that "Steve Hill" said so. Perhaps it is true, but I have serious doubts. Show me the data. You have no idea whom you are addressing, and I do know what I'm talking about on this subject.

It was a very poorly written article that said little except GM was making that claim and that it must be true. I've spend my entire career evaluating statistical data and evidence, finding more often than not that people often "lie with statistics" because they have no scientific training or want to cook up numbers to support an agenda.

I asked many questions like, were they comparing C8 buyers to last year C7 buyers of cars at deeply discounted prices? How was that income data obtained? I could go on.

Phil1098

I find this line of thinking odd, it sounds like you are saying anyone who buys a 1LT trim level car is tapped out and living check to check. I can buy any trim level or option that is offered, I wanted the car, I don't care about the other stuff that comes in the higher trim levels and so to me, it was a waste of money. I bought what I wanted and don't care what anyone else thinks of it, but it wasn't because I'm broke.

ssump29

Now I'm not Rich and don't consider myself Rich but very well off and not hurting. In general you are correct however amongst your peers that are all in the same income brackets and always together, money is discussed ALOT.