Would Chevy Drop 1LT option for ‘24?
#1
Drifting
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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…
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…
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11-07-2022, 10:40 PM
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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.
Yes the C8 Stingray is a performance bargain at $63k, but it's not at $105k loaded with crappy GM options.
#2
Le Mans Master
…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…
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…
It is interesting that the 1LT isn't available on C8s exported out of North America.
#3
Drifting
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.
#4
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Highly doubtful.
#5
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15% of 22 models were 1lt.
#6
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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.
#7
"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.
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.
#8
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.
#9
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.
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#10
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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.
#11
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#12
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.
#13
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.
#14
#15
Drifting
Thread Starter
#16
Hope I am wrong ....
#17
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
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MikeinAZ (11-07-2022)
#18
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.
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#19
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
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
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MikeinAZ (11-07-2022)
#20
Le Mans Master