Notices
C8 General Discussion The place to discuss the next generation of Corvette.
Sponsored by:
Sponsored by:

Would Chevy Drop 1LT option for ‘24?

Thread Tools
 
Search this Thread
 
Old 11-05-2022, 02:24 PM
  #1  
BandDirector
Drifting
Thread Starter
 
BandDirector's Avatar
 
Member Since: Jun 2004
Location: Macon GA
Posts: 1,257
Received 794 Likes on 406 Posts

Default Would Chevy Drop 1LT option for ‘24?

…so my PLAN is to order a ‘24 1LT when my allocation comes up late next near. I was reading an article this morning that mentions Toyota has a practice of dropping their base models in lean times in favor of keeping the more profitable upscale models providing more profit instead of just raising prices across the board to keep base models…

Thoughts on if Chevy might do this for ‘24 and get rid of the 1LT option, or wouldn’t they want to keep a “poor man’s” Corvette in the line-up? I’m expecting a price increase, but until I read that article this morning, it hadn’t crossed my mind yet that a 1LT might not be offered due to inflation, etc…

Popular Reply

11-07-2022, 10:40 PM
JABCAT
Race Director
 
JABCAT's Avatar
 
Member Since: Nov 2017
Location: Prosper TX/Austin TX
Posts: 10,962
Received 8,878 Likes on 4,278 Posts
2020 C6 of the Year Winner - Modified
Default

The other issue I have with the 2LT & 3LT option packages is that they're grossly overpriced for what you get. Many of the features that GM charges $6-9k for are standard in much less expensive vehicles.

Yes the C8 Stingray is a performance bargain at $63k, but it's not at $105k loaded with crappy GM options.
Old 11-05-2022, 02:29 PM
  #2  
RKCRLR
Le Mans Master
 
RKCRLR's Avatar
 
Member Since: Aug 2016
Location: Garden Valley CA
Posts: 9,174
Received 6,200 Likes on 3,401 Posts
Default

Originally Posted by BandDirector
…so my PLAN is to order a ‘24 1LT when my allocation comes up late next near. I was reading an article this morning that mentions Toyota has a practice of dropping their base models in lean times in favor of keeping the more profitable upscale models providing more profit instead of just raising prices across the board to keep base models…

Thoughts on if Chevy might do this for ‘24 and get rid of the 1LT option, or wouldn’t they want to keep a “poor man’s” Corvette in the line-up? I’m expecting a price increase, but until I read that article this morning, it hadn’t crossed my mind yet that a 1LT might not be offered due to inflation, etc…
I highly doubt Chevy would drop the 1LT option but I think car manufacturers are going to have to do something to remain profitable. Things are not going the way they planned...
It is interesting that the 1LT isn't available on C8s exported out of North America.
Old 11-05-2022, 02:29 PM
  #3  
Amoreloba
Drifting
 
Amoreloba's Avatar
 
Member Since: Apr 2021
Location: Chicago-ish
Posts: 1,911
Received 2,543 Likes on 902 Posts
Default

1LX/2LX/3LX is a scheme across the entire brand for decades. To that end, very few C8’s sold are low / 0 option 1LT cars. The rest of the optioned cars effectively subsidize any hypothetical “loss” of the “poor man’s” cars. Your 1LT is safe, though it will be more expensive as time goes on likely without any meaningful improvements for the cost.
Old 11-05-2022, 02:32 PM
  #4  
Rapid Z
Safety Car
 
Rapid Z's Avatar
 
Member Since: Nov 2021
Location: Northern Illinois
Posts: 4,195
Received 3,607 Likes on 1,499 Posts
Default

Highly doubtful.
Old 11-05-2022, 02:41 PM
  #5  
Greg00Coupe
Race Director
 
Greg00Coupe's Avatar
 
Member Since: Aug 1999
Location: Bluffton SC via Canton Oh
Posts: 11,379
Received 1,997 Likes on 1,150 Posts

Default

15% of 22 models were 1lt.
Old 11-05-2022, 02:53 PM
  #6  
Vetteman Jack
Administrator

Support Corvetteforum!
 
Vetteman Jack's Avatar
 
Member Since: Mar 2001
Location: In a parallel universe. Currently own 2014 Stingray Coupe.
Posts: 343,373
Received 19,419 Likes on 14,038 Posts
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-
'20-'21-'22-'23-'24
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran


Default

I doubt the 1LT package will go away. Chevy sells every C8 they can make, whether it be 1LT/2LT/3LT. And enough people want the low option model to keep it in poduction.
The following 2 users liked this post by Vetteman Jack:
Glennm27 (11-05-2022), STINGmole (11-05-2022)
Old 11-05-2022, 03:25 PM
  #7  
STINGmole
Racer
 
STINGmole's Avatar
 
Member Since: Apr 2017
Location: PDX
Posts: 461
Received 319 Likes on 153 Posts
Default

"poor man's Corvette" lol. As of that exists!

I think the 1LT is the frugal man's option. I ended up wasting any savings on other options anyway.

I think it's more likely that GM will increase profits by pushing the Z51 more. It's more difficult to get a non-Z51 right now than it is a 1LT.
Old 11-05-2022, 05:04 PM
  #8  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

I’ll admit I’d have to go coupe if forced to 2LT, and my head hits the ceiling bar in the coupe, so that $7k would end the dream.
Old 11-05-2022, 05:13 PM
  #9  
combatninja
Drifting
 
combatninja's Avatar
 
Member Since: Aug 2022
Posts: 1,630
Received 2,019 Likes on 860 Posts
Default

If $7,000 determines whether or not you can buy the car, you shouldn't be buying the car. They've already gone up by about, what, $5K already since launch? The C8 has been very well received by buyers and press alike. There is nothing that compares to it in the $65-85K space in the market. Expect prices to rise accordingly. I'd also argue that with computer chips being one of the industry's lingering constraints, 1LT cars are desirable for them to make since they allow the production line to run with less net consumption of precious chips.
The following 2 users liked this post by combatninja:
Fast Dawg (11-06-2022), Fishfryer527 (11-14-2022)
Old 11-05-2022, 05:18 PM
  #10  
papillion
Safety Car
 
papillion's Avatar
 
Member Since: Dec 2009
Location: Oro Valley Arizona
Posts: 3,581
Received 2,380 Likes on 1,168 Posts

Default Two Ways To San Jose

As long as the Z51 RPO is mandated, this alone will restrict most 1 LT orders. If a buyer wants an entry level trim, they're not likely to want six grand in suspension performance.
Old 11-05-2022, 05:36 PM
  #11  
Bird67
Melting Slicks
 
Bird67's Avatar
 
Member Since: Dec 2020
Posts: 3,476
Received 3,290 Likes on 1,504 Posts
Default

Originally Posted by combatninja
If $7,000 determines whether or not you can buy the car, you shouldn't be buying the car.
I have seen this same sentiment repeated here each time C8 price increases were anticipated. Not one post on this thread said anything to generate that comment.
The following 5 users liked this post by Bird67:
4thC4at60 (11-05-2022), BandDirector (11-05-2022), falcon5619 (11-06-2022), JABCAT (11-06-2022), lion shf (11-05-2022)
Old 11-05-2022, 05:39 PM
  #12  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

Originally Posted by combatninja
If $7,000 determines whether or not you can buy the car, you shouldn't be buying the car. They've already gone up by about, what, $5K already since launch? The C8 has been very well received by buyers and press alike. There is nothing that compares to it in the $65-85K space in the market. Expect prices to rise accordingly. I'd also argue that with computer chips being one of the industry's lingering constraints, 1LT cars are desirable for them to make since they allow the production line to run with less net consumption of precious chips.
honestly it’s about value. I’ll just write a check when it’s go time. My 1LT htc build is 82k or so. The Rick doesn’t write $90k checks. At $90k I’m buying a 2019 911T CPO or 4.0 Boxster and that’s not happening cause the Rick doesn’t write 90k checks
Old 11-05-2022, 05:49 PM
  #13  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

Originally Posted by papillion
As long as the Z51 RPO is mandated, this alone will restrict most 1 LT orders. If a buyer wants an entry level trim, they're not likely to want six grand in suspension performance.
im 1LT z51 mag with htc I’ll add AWE touring cat back and aftermarket wheels, lowering springs small ducktail spoiler and wrap

Last edited by lion shf; 11-05-2022 at 06:15 PM.
Old 11-05-2022, 05:50 PM
  #14  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

Originally Posted by Bird67
I have seen this same sentiment repeated here each time C8 price increases were anticipated. Not one post on this thread said anything to generate that comment.
Yeah we good. Retired 4 years ago, at 55
Old 11-05-2022, 05:52 PM
  #15  
BandDirector
Drifting
Thread Starter
 
BandDirector's Avatar
 
Member Since: Jun 2004
Location: Macon GA
Posts: 1,257
Received 794 Likes on 406 Posts

Default

Originally Posted by Bird67
I have seen this same sentiment repeated here each time C8 price increases were anticipated. Not one post on this thread said anything to generate that comment.
…getting tired of hearing it myself too…I’m finally getting to the point where I realize these type of posts are just gonna happen here and ignore it…only I know what my financial situation is, and it had nothing to do with my question…
The following 2 users liked this post by BandDirector:
DerbyCity (11-05-2022), mracer14 (11-06-2022)
Old 11-05-2022, 06:01 PM
  #16  
rkrupka
Pro
 
rkrupka's Avatar
 
Member Since: Jan 2014
Posts: 582
Received 276 Likes on 174 Posts

Default

Originally Posted by Bird67
I have seen this same sentiment repeated here each time C8 price increases were anticipated. Not one post on this thread said anything to generate that comment.
I agree - but my larger concern with the C8 price comes from the possibility they will raise the base price significantly. Prices for all cars are rising rather quickly as of late and some arte rising quite a lot ....the C8 base pricing seems to be a good candidate.
Hope I am wrong ....
Old 11-05-2022, 06:07 PM
  #17  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

Yeah for me if my build exceeds 85k, I’m looking pre owned 911s and 718s in the 50s to low 70s. In 18-19 Porsche made 4 cylinder 718 GTS cars. These are universally loathed by pca boys but open top 365 tunable hp at 3000lbs sounds just about right to me. I just wanted the joy of handing a dealer my build sheet just once before I die, but I’m cool if it doesn’t happen
The following users liked this post:
MikeinAZ (11-07-2022)

Get notified of new replies

To Would Chevy Drop 1LT option for ‘24?

Old 11-05-2022, 06:18 PM
  #18  
combatninja
Drifting
 
combatninja's Avatar
 
Member Since: Aug 2022
Posts: 1,630
Received 2,019 Likes on 860 Posts
Default

Originally Posted by Bird67
I have seen this same sentiment repeated here each time C8 price increases were anticipated. Not one post on this thread said anything to generate that comment.

Dude literally conveyed that exact sentiment two posts above. He claimed that if the car were $7K more, it would "end the dream". I stand by my statement.

Further, for the price-sensitive OP who claims that at $90K, he'd be looking at a CPO 911 or Boxster GTS 4.0. Two things: you're into a very low option base 911 Carrera at that price point. Not in the same performance league as the Corvette. You're not getting an allocation for a GTS 4.0 but let's say you do for the sake of argument (let's also assume you are getting it at MSRP) Again, you are in a ZERO option car for your $92K and it is still not in the same performance universe. I understand that those cars are desirable for sure (heck I have owned both) but the Corvette still owns the sub-$85K sports car segment. Nothing cheaper is even a serious contender.
The following 2 users liked this post by combatninja:
Fast Dawg (11-06-2022), Fishfryer527 (11-14-2022)
Old 11-05-2022, 07:09 PM
  #19  
lion shf
Burning Brakes
 
lion shf's Avatar
 
Member Since: Nov 2021
Posts: 854
Received 390 Likes on 235 Posts
Default

Don’t make me argue about how magical a 911T is cause I will. And while we’re chatting, I don’t think a sports car should have lane assist and smart cruise control. I PREFER the minimalist interior. Although it’s already a fatty, I’d like to NOT add more weight. I daily drove a base Miata for 7 years, 4 in Chicago. I like KISS in my sports cars. As for money, I got lots, it has nothing to do with my finances
also, this will be my only car, driven all winter, street parked in cities, the less is costs the less I’ll worry about it getting f Ed with
The following users liked this post:
MikeinAZ (11-07-2022)
Old 11-05-2022, 08:54 PM
  #20  
4thC4at60
Le Mans Master

 
4thC4at60's Avatar
 
Member Since: Jun 2002
Location: Commerce Texas
Posts: 5,975
Received 2,940 Likes on 1,310 Posts

Default

Originally Posted by lion shf
honestly it’s about value. I’ll just write a check when it’s go time. My 1LT htc build is 82k or so. The Rick doesn’t write $90k checks. At $90k I’m buying a 2019 911T CPO or 4.0 Boxster and that’s not happening cause the Rick doesn’t write 90k checks
Originally Posted by lion shf
im 1LT z51 mag with htc I’ll add AWE touring cat back and aftermarket wheels, lowering springs small ducktail spoiler and wrap
Originally Posted by lion shf
Yeah we good. Retired 4 years ago, at 55
Have owned 1s, 2s, and 3s --- retired the first time at 43..... was offered a job I couldn't refuse (international magazine editor in Europe), retired the second time at 50 - wrote checks for my last five cars: Vette, Vette, Ferrari, Porsche, Vette... NEENER NEENER


The following 2 users liked this post by 4thC4at60:
lion shf (11-05-2022), MikeinAZ (11-07-2022)


Quick Reply: Would Chevy Drop 1LT option for ‘24?



All times are GMT -4. The time now is 03:16 PM.