Hold onto yer wallets, boys
11-12-2023, 05:40 PM
#21
Le Mans Master
I sold my 2014 C7 Stingray Convertible with 36,000 miles in March 0f 2021, as I had my 2022 C8 HTC on order. At the time I got 40K for the car and thought I did reasonably well, until the guy I sold it too, immediately turned around and flipped it to a dealer for 45K, who probably sold it for 48K to 50K. Tell the truth, I felt stupid for having obviously accepted too little for the car. Nonetheless, I have been incredibly happy with my C8 so, I guess in the long run I don't regret trading up....
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JerriVette (11-13-2023)
11-12-2023, 07:27 PM
#22
I agree HENDRICK which has about 100 used C8s everywhere it's the wild west they think nothing of charging 5-10,000 over sticker on a 2020 2LT if you find a 2LT tons of 1LTs. The dealers are not allowed to deal I offered $60,000 down if they would drop the price $2000 couldn't or wouldn't.
11-12-2023, 07:29 PM
#23
i have learned that if you put brand new tires on a car or if they are bald ,they usually will give you the same for the car
11-12-2023, 07:31 PM
#24
They have years to pay for the new contract
11-12-2023, 07:32 PM
#25
Burning Brakes
Do you have any idea how much they turned around and listed it for? I think its a safe bet it was in the mid $60k range. But yes of course the prices have come down compared to the over MSRP range, my argument is that no one should have considered those prices as serious in the first place. Great for the few who took the opportunity to cash in but it was never sustainable and I just don’t consider losing less than 10% of MSRP in the first 3 years to be prices tanking. I used to but used Cadillacs for almost half of MSRP after 3 years. That is what I’d think needs to happen to make these claims accurate, maybe thats just me.
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StfDrmsRMadeOf (11-13-2023)
11-12-2023, 08:05 PM
#26
Burning Brakes
These “prices are tanking” takes don’t make any sense to me. Other than high spec’d 3LTs I can’t see any used C8 selling for less than $5k below MSRP. Most are still at or over MSRP because dealers are counting them being compared to the new higher MSRP. Given the prices C7 are still going for I just don’t see a significant drop happening.
The only way this makes any sense is if the prices are being compared to the early day mark ups over MSRP or if people thought the C8 was going to be like a Lambo or Ferrari and appreciate in value
The only way this makes any sense is if the prices are being compared to the early day mark ups over MSRP or if people thought the C8 was going to be like a Lambo or Ferrari and appreciate in value
11-12-2023, 10:53 PM
#27
Burning Brakes
Thread Starter
yes but the main reason you made out good on your sale is because of the significant price increase of the *new* car as a whole. used meanwhile are dropping off a cliff and rightfully so, this car isnt rare, theyre making tens upon tens of thousands every year. the fun is over, time to come back down to earth, too bad so sad. haha. its all well and good though, anyone who cared about flipping their car THAT much has already sold theirs.
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RiptideHTC (11-12-2023)
11-12-2023, 10:54 PM
#28
Advanced
11-12-2023, 11:24 PM
#29
I agree HENDRICK which has about 100 used C8s everywhere it's the wild west they think nothing of charging 5-10,000 over sticker on a 2020 2LT if you find a 2LT tons of 1LTs. The dealers are not allowed to deal I offered $60,000 down if they would drop the price $2000 couldn't or wouldn't.
I hope they both choke on all these cars.
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RC81 (11-13-2023)
11-13-2023, 01:47 AM
#30
Drifting
I watched for a minute or two. Is this really scientific evidence? He has a lot of numbers and charts, but there are just too many variables to predict the future.
The C8 has outperformed just about everything it is compared to. There is so much uncertainty in our economy and US politics, and world politics.
Any future predictions about car prices, I will believe it when I see it.
The C8 has outperformed just about everything it is compared to. There is so much uncertainty in our economy and US politics, and world politics.
Any future predictions about car prices, I will believe it when I see it.
11-13-2023, 07:18 AM
#31
Instructor
Clearly I’m too poor or cheap to play in this league. The C8 I still on the waiting list for will be the first new car I’ve ever bought simply because unless I’m saving 20-30% I might as well get exactly what I want with a full warranty
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Shady 2jz (11-13-2023)
11-13-2023, 07:36 AM
#32
Melting Slicks
This video is a fluff piece. The only difference between now and a year ago is the wait time has diminished. You could have ordered a new C8 at the right dealers for MSRP if you didn't mind waiting around 10 months and today you can order a new C8 at the right dealers and the wait is 3 months or so. By late Winter / early Spring, there will be a nice selection of new C8's on the volume dealer's lots available for immediate delivery and it's possible that discounts will begin soon after.
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p4snow (11-13-2023)
11-13-2023, 08:29 AM
#33
Race Director
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11-13-2023, 08:43 AM
#34
I don’t understand why they knocked off $1800 on my trade in?
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StfDrmsRMadeOf (11-13-2023)
11-13-2023, 08:46 AM
#35
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I don't either, a Pontiac with slicks is obviously a very high performance car. 
11-13-2023, 02:42 PM
#36
Race Director
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For those for whom such prices are mere "pocket change," any cost simply doesn't matter if they want something; they pay what's asked and never give it a thought... before driving off. I've a friend who learned this at a car show when a guy walked up out of the crowd and asked what he'd take for his car. He made up a totally absurd price, since he had absolutely no interest in selling, and the guy asked how he wanted the money... "SOLD!" then and their. He still shakes his head in disbelieve. 
11-13-2023, 06:03 PM
#38
Burning Brakes
For those for whom such prices are mere "pocket change," any cost simply doesn't matter if they want something; they pay what's asked and never give it a thought... before driving off. I've a friend who learned this at a car show when a guy walked up out of the crowd and asked what he'd take for his car. He made up a totally absurd price, since he had absolutely no interest in selling, and the guy asked how he wanted the money... "SOLD!" then and their. He still shakes his head in disbelieve.
11-13-2023, 06:38 PM
#39
It's going to take us awhile to get back to anything like 2019, but the days of paying over sticker new or selling near sticker after a year are two are long gone unless you find a real sucker. I think a lot of buyers went into it assuming they could enjoy the car for a year or two and nearly break even. Those days are gone.
The operating costs and long term reliability of the DCT could hurt us as well, but only if they really commonly grenade below 100k and there's a real fix at some point. But it sure feels like GM thinks the DCT is ok enough now and it'll soldier on getting small fixes. Think about how long they cranked out A8's in so many things with torque converter problems.
My gut feeling is we will soldier on with refreshes (think C6 to C7) from now on, until they decide to drop gas engines alltogether. Whenever they kill the V8 from trucks... we're dead.
11-15-2023, 07:23 PM
#40
OK Maybe this they won't give you any more for your car but they will offer less if the tires aren't in good shape. If they offer me 40 for my car and tires etc were 1500 they ain't likely to add 1500 to their offer