@@RedPandas3111 : No they actually weren't all charging over MSRP on Stingrays. The largest Vette dealers have always sold & continue to sell at MSRP. You just weren't aware of those dealerships obviously.
The consumer is having a tough time with out of control inflation, and HIGH interest rates on homes and cars. Groceries? up 30%+ since COVID? And vehicle manufacturers have raised their MSRP's 35%+ since COVID? People are sick of it. Guarding their wallets.
The C8 Corvette is absolutely a supercar. I’ve owned two Ferraris and one Lamborghini and this Corvette the C8 LT three 2023 is the best driving the fastest most powerful supercar that I’ve owned.
@@jacksondaniels8169 That's the beautiful thing about Chevrolet courtesy delivery. Buy from a dealer on the other side of the country from their allocation. Car is built in Bowling Green and then delivered from the factory straight to the dealer that wanted to charge you $20K over MSRP.
@@jacksondaniels8169 So True. I went to go see a base C8 Z06 here in LA and the dealer was asking for over 165k! I know its cheaper than most places but I can't see myself paying so much for a corvette. If i'm going to spend that much I much rather get an Aston Martin.
Recently bought a 2024 GM HD diesel truck…. As typical, saved about $10K. That has been about the norm for the last 4 vehicles I’ve bought, GM and Ford. Now, the ask is higher, but the discount has seemed to be constant. Luckily didn’t need a new ride when trucks were being marked up like crazy…. I agree w return to normal market, however, the overall numbers are gonna be higher…. Hello inflation!
Two things: 1. I called 3 dealers advertising ZO6 at MSRP. Ad was 24 hours old. All 3 said "Oh, that car is sold". Typical car dealer bs. 2) Your headline is misleading $50K off. Click bait - shameful. And you wonder why car dealers get a bad reputation.
@@adamchaifetz5876 Most Porsche's do not appreciate, the 911 depreciate at a slower rate than most other cars, their Boxster/Cayman and Porsche SUV platforms depreciate like regular cars. Their special release GTx cars hold or appreciate, but you're not in any financial position to buy one - if you were you'd know this. Also, while the 911 holds its value better than a lot of other cars, you're spending a big chunk of that on maintenance - I know, I'm on my 4th 911. And the C8 will beat a regular 911/S/GTS anywhere, anytime (and no, I don't own a C8 but know what I witness at various track events).
@@polycarphunter2257People can’t afford used cars either, so prices will fall. The younger generations are living at home with their parents, don’t have a license, and are unemployed.
Good! As a C7 owner, I’m sick of the excessive markups and the arrogance of the automotive dealers and parent companies. There is no reason for a consumer to still be paying over $130k for a 2LT Stingray and over $250k for a ZO6. I understand the economics of supply and demand, but the price gouging is ridiculous! And to think, the government bailed GM out from collapsing. Then turn around and bend the consumer over!
I'm friends with an owner of a GMC/Buick dealership. He refused to do any ridiculous markups like the other dealerships (speaking more about GMC than Buick lol). Was able to get one of the new Hummers when it first came out. Sold it at MSRP. The guy turned around and sold it for twice what he paid. " Price gouging" only works with 2 parties. Should you sell your house for what you paid for it 20 years ago? Or should you sell it for what the market dictates?
@actionfaction2558 completely agree. My son has a 2LZ 2015 ZO6 that was about $75k new. A comparable 2024 ZO6 is $100k more than what my son's car costs. Less than 10 yrs and over a $100k price increase. No thanks.
Jacksondaniels, the government didn't bail out GM, us TAXPAYERS DID !!! There is no such thing as government money, Its ALWAYS been taxpayer money for EVERYTHING we have. Thanks for letting me vent.
I went to the same dealer where I bought my current Corvette, and I'm a mature, safe driver with a credit rating well into the 800's, and after driving up in my current Corvette, they would not let me take a test drive in a new C8. Period. No sale today, boys!
My local dealer has a 2024 Rapid Blue 3LT listed for $93k. It's been there since October. 8 months no sale. They park it our front on sunny days and store it away at closing time. Every day for 240 days. I am guessing they aren't making any deals with people.
Its market saturation, demand was met in 2023 and there’s not enough owners ready to dump their cars for a new one yet. If you look back at every corvette generation it was the same thing a drop in sales after 4 years.
I have been hearing about the “sky is falling” for 3 years…interest rates while higher are well within the historical norm, people just got use to artificially cheap money. Employment remains strong. Stock market sitting right around 40,000. Federal yearly deficit has been slashed by over half since 2020. Small business applications are up at record levels. Supply chains have recovered. Housing values holding firm. Reality is that the economy has changed post COVID. Boomers retired. Young workers went mobile. Gig economy replacing traditional employment. Era of cheap liquidity post 2008 financial crisis has gone away….all in all, the US economy has weathered pretty well, and much better than in other countries.
I got rid of my 21 c8 HTC 2LT torch red For $77k back in October. PAID OVER!! Now this pass January I bought a 24 c8 coupe 1LT Z51 + Magride riptide blue at MSRP!! No adm and no markup!! Now in my local area they are discounted anywhere from $1,500 - $ 5,500 depending on the trim. SO YES THE MARKET IS SHIFTING as people are not buying toys lol. Economy is definitely very unstable right now. Here in Phoenix Traxs are stock piling as well. Cheap car are not selling. 😮 sign of the times man. The Honeymoon is over in the car bizz lol.
The average Corvette buyer is 61 years old, so a lot of younger boomers and older Gen X. Unlike their parents, they rarely have a good pension or much savings. The market for Corvettes, Harleys, and vacation homes is about to take a huge hit.
Sold my 1LT 3wks ago for msrp(what i paid) after owning it for 10 months and putting 8400 miles on it, the dealership sold it for $10k over msrp in like a week so there's a fool born every minute I guess 😂
I had a 2017 Stingray 2LT and my wife had a 2019 1LT. We sold hers in 2021 for 5 grand more than she paid for it new and mine in 2022 for about 7 grand less than I paid for it new 5 1/2 years prior. Dealerships were asking 50 grand over sticker for a new C8 in 2022 - which drove up values on C7s. We sold both of ours because we moved overseas and couldn't bring them. Both the car market and the real estate market are due for a serious correction.
I was talking to Ciocca, which is a huge Vette dealer in New Jersey and they have many 2023 zero6s that were bought back to avoid lemon titleS Since there’s a lot of complaints about this first year, C8 Z06 from the customers. My advice would be to avoid the 06 for at least one more year and just go with the C8 LT three add Wheel Spacers make sure you get the high spoiler the large front you also should get a dark color since lighter color exasperate the odd looking side vents on the C8 06 looks great and some of the lighter colors since the vents are a bit different and the widebody kit reduces the oversize look of the vents
Luxary always collapses first. 90% of Corvette buyers have no business owning a 100K car but when they could finance at 0.9% for 84 months they could "afford" it.
@@AFVetteran it's a low power durability test of the four wheel drive they will need to stay competitive at the price points and performance they want to take the car . For now it serves the folks who want to drive their corvette in winter, instead of mothballing for a season .
Props to your wife for acknowledging that you won't like something that doesn't have power instead of saying "why do you need that?" Although when I was in the market for a truck a long time ago, there was a Ford that was a really good price and my wife reminded me that I would soon hate it because it is a Ford... and I realized she was right and didn't get it.
This happens with every single generation of new Corvettes. They sell above sticker the first couple years and give them away the next few years until the next one comes out. The price remain high for the C8 a little longer then usual because of the lock-down.
Really. Nice. What dealer if you don’t mind me asking?…I was interested in a Type-S TLX…but not at current MSRP of $58xxx…..one Acura dealer in my area has a leftover brand new 2022 TLX Type-S. Sticker is $57K…I need 20 grand off then I’ll bite lol
@Melanie16040 just didn't like it as much as I thought I would unfortunately. Duramax was very underwhelming and I couldn't fit 35s on it without doing some serious upgrades and it's factory tires are hilariously small and make the truck look terrible
Is not just the Corvettes on 4/30 I purchase a new 2023 Dodge Challenger SRT Hellcat Jailbreak Last Call for $68K {$75K OTD} and the MSRP was $82K before add-on's, fees and taxes.
@@livinglife3230 Jerry Ulm Tampa talk to Caleb say $75K otd take it or leave it then walk out and wait for the call at the end of the month I think he has 4 more with the same specs and price as mine
I got burned by the over. Got a Z06 very early paid $30k over and 10% sales tax. Was going to flip it. Stored it and kept it at5 miles. The GM 6 month hold destroyed the market. Was ready to sell at msrp. Fortunately found a great buyer and only lost $25k on the sale. The Z06 is a great car at MSRP. Not at anything over. PS I bought a car from you at Bachman.
I was making a funny. Ha Ha. Good to see. I was getting my camry serviced at lowes Toyota. They are not selling(cars n trucks) right now. Only used selling. The people coming in cant get a loan. I would like to buy a c8 in near future but i want a deal
Related: Mega RAM dealer is stuffing new iron on their used car/truck lots as they're out of space on the new side. Across the street is a Tesla store that's also parking new iron in a large church parking lot (location use to be a K-mart) as they are also 'no room at the inn' at their location. (Pacific NW area) Tough times ahead, party is over! btw Target just lowered sales guidance and LULU stock went from $500 to $300 in a few months.
Ciocca is pronounced SEEOOCAH. If you live anywhere near the Mid Atlantic region, I highly recommend you stop by and see their store in Atlantic City NJ. It's the old FC Kerbeck dealership. There is a sea of Vettes there!!!
Here in Ontario, Canada, Toyota Corollas and Camrys are selling at $5,000 (or more) over MSRP, and that I when you place an order for one and have to wait 12 to 24 months for it to be delivered. For nearly-new used models, you can pay anywhere from $10,000 to $15,000 over MSRP.
It's ablut time the car market is starting to go down and means since new cars are going down that means used cars should come way down soon too. Thanks for the video mike I enjoyed it and loved it alot and keep up the great work much love to ya brother have a good one take care god bless and I will see ya on the next one
I could never understand why anyone would pay the amount of money for cars in America that they do. Why? Stop throwing your money away there are real cars out there that are actually worth the money....
There's nothing wrong with the corvette market. stingray price drop is expected now that people are trading up for the Z06 & E ray. The Z06 price is just coming back to earth from Mars LOL dealers wanted 230k for a 1LZ Z06 when you could build one straight from GM for 112k
I walked in to a Chevrolet dealership where I’ve purchased new Corvettes before. They wanted $10,000 over the MSRP. I walked out. I’ve got a long memory and I’m not ever going into that dealership again.
I was telling anyone interested to just wait until supply catches up with demand. You now see C8s everywhere! All those who paid over SMRP received their vettes early but was it worth it ? To each their own.
A few examples of discounts does not mean market is crashing. The dealers could be just trying to draw in buyers to their dealerships and then play the games they usually do.
Been selling sports cars for three decades and the Z06 has gotten out of hand with the price disparity. You’re just not getting that much more over the stingray with this model. I’ve owed 17 over the last two decades and wouldn’t buy the current one when the C8 is so much more reasonable with a time proven engine that relatively inexpensive.
I have had my C4 I for 20+ years. Still love it. I budget $1k a year to keep it in good shape and I can drive the tires off of it and it just deals it out.
Getting discounts on new Corvettes are hard to come by here in California. Two people I know bought new Vettes from dealers on the East Coast and had them shipped back here because the discounts were so deep. It was still worth to pay the shipping across the country.
I believe the U.S. market for sports cars is for front engined models, and not the mid or rear engine cars we have on sale today. Further, the Corvette has no exclusive features, whereas customers always want something in a sports car that nobody else's car has. Dave Kindig, of Kindig-It-Cars (and he has a weekly show on the Motor Trend Channel) has built a one-off prototype front engined LS V-12 of 9 liters with over 1000 streetable horsepower. The engine was a custom build by a prototype company in Australia, but GM could build it on a 10,000 unit basis at their foundry for hardly any more than a normal LS V-8. Its just an LS in every respect, but with 4 more cylinders. That was the allure of the Viper, it had an 8-liter V-10 with 650 hp, which was the drawing card to it. If a V-10 was good for the Viper, then a V-12 Corvette would work for Chevy. Offer either a 6-speed Tremec manual or a GM 10-speed auto at no price difference, and price it for an $80.000 absolute max, fully equipped car. Prohibit dealer jacked-up prices. In fact, have Chevy retain ownership of the car and the dealer just gets a commission, so as to avoid dealer added markups. At the $80K max retail price level, GM could sell more than they could possibly produce. Oh, and as to the Kindig designed prototype, GM honchos are prohibited from F*CKING around and adding little touches here and there so as to assuage their oversized egos. No doodling around with cosmetics, up to, and through the GM CEO. There are videos of the Kindig prototype V-12 Corvette Coupe on UA-cam, and if you will take the time to watch the video, you will be thunderstruck at the beauty of the car. I believe Kindig made his car's body with Carbon Fiber, but the average retail customers would be happy with fiberglass, if carbon fiber bodies proved to be too expensive to mass produce.
The base model 1LT, 2LT can be had for 5-7k below invoice right now, don’t let the dealer rip you off, you don’t want any add ons and no $995 dealer fee.
If they got rid of the middleman and sold direct to the public, shrunk dealerships into service centers only and passed the saving onto consumers more people would buy new cars.
If you ask those jokers on facebook that paid over for them they say “it’s only money I get to enjoy the car now” yeah a whole year was worth spending $50-150k over? 😂
Bro really works at a chevy dealer and said that the 3ray has no purpose or its pointless, brother the eray is meant to the equivilant of a grandsport corvette, it has the same body style as a z06 but without the z06 motor but this time it has way more hp than a regular c8 and it beats a c8 z06 in the quarter mile.
It's not so much it's crashing as it is there are now thousands of them for sale across the country. It makes me happy as I am going to buy one when I get my truck paid off.
I'm confused. If you can now get a brand new C8 for MSRP or under, why are 3-4 year old used C8s with approx 50k miles still $50k-$60k? When will the used market start to reflect the new one?
Would you recommend buying a 2024 Acura Integra base that has 6000 miles on it? It was used as a service loaner car at the dealership. It is going for 28K. Is that a good deal, or should I avoid?
I want to get a Corvette are they still having transmission problems? I’m just afraid to get involved with the Corvette at this time if they are having transmission problems.❤
A brand new 2024 Z06 convertible completely loaded is about 185k. An 8-year-old Lamborghini hurricane is about 250k. The insurance and upkeep on a Corvette is a 1/4 of the Lamborghini. I will take the Corvette.
Great Video! How does the Bling Sauce look after the first rain on it? There are tons of products that look good right after application, it rains and ALL your work (and $$$) is gone! I have a 2001 F150 with the same issue as the Avalanche on the trim. It is mechanically perfect with 188,000 miles on it, but now it is time for new paint and I have to do something with the trim as well!
It just had to happen. The mark up was insane. Now those who paid that much are all upside-down. I was on the market for a C8 but refused to be part of the problem and pay way over MSRP.
The writing is on the wall. If you bought a C8 Z06 (even at MSRP) and wanted to flip it, you’d best get rid of it right at six months. New allocations at MSRP are easy to find if you don’t mind the wait, but there are several dealerships that have them on their lots at MSRP. And, if you are in the market for a new Stingray, they are becoming much easier to find below MSRP. Even if you have to buy it from far away and have it shipped, you will still come out ahead if you are unable to find a deal locally. And, Mike, I agree with you on the ERay.
@@jonathantaylor6926 Because GM will void the warranty if you sell it sooner, and (supposedly) you will be forbidden from buying any more “high demand” vehicles from GM. They did it to keep people from flipping them right after they buy them, yet they allow dealerships to mark up their dealer stock by astronomical prices. It isn’t right but that’s the deal if you want one.
He is not a Boomer. He is too young. I am 72. I am a proud Boomer. Much better than being one of the Lost Gen X people who are clueless about life in general.
2024 Z06 3LZ in orange for sale in my city for $190K which includes $40K in 'uplifts' 5.5L / auto. NEW VEHICLE PRICES PLUS $1,946 IN VALUE PROTECTION DEALER ADDS (TINT W/LIFETIME WARRANTY, DOOR EDGE GUARDS, RESISTALL CERAMIC INSIDE & OUT, AND THEFT). New vehicles may have addendum due to market conditions and vehicle scarcity.
The Corvette market is certainly not crashing. That’s a lie for Clickbait purposes. The market has corrected back to normalcy. Paying over MSRP for any car is just ridiculous And frankly, I refuse to do it My C8 was $111,000 MSRP and paid $111,000 MSRP not a Penny Moore
I haven’t bought a sports car in 35 years, I ❤️ love the Lexus LC 500 and think 💭 about it all the time, but to actually buy I’m looking for a Mint Hummer and Excursion
I bought my first Corvette for 50% off what the MSRP was,C6,7 years old,Z51 2LT and it had 18,000 miles..I got tired of it and sold it until I can buy another one 6 or 7 years old for 50%off MSRP I will not be buying one...people and dealers think their cars are worth way more than what they are and for that reason..they can keep them or wait for a fool to pay the ridiculous prices.
I'm looking for a 2019 2018 2017 stick shift Grand Sport or decently packaged Corvette not convertible stick shift only Do you have anything like that I'm in Illinois not too far from u.
I have a long memory for those dealers that wanted to sell me a Stingray for $15-25k over MSRP. I’ll never go back.
I’ll have to buy in another country then because every dealership in America was charging that.
@@RedPandas3111 : No they actually weren't all charging over MSRP on Stingrays. The largest Vette dealers have always sold & continue to sell at MSRP. You just weren't aware of those dealerships obviously.
@@oneslackr oh I thought you were talking about the Z06 you’re tight, my bad.
@@RedPandas3111 : Places like MacMulkin, etc... don't mark up the Z06s either. They sell them at MSRP.
I bought a rav4 and they wanted a $5,000 mark up so I bought mine out of state n Illinois.
The consumer is having a tough time with out of control inflation, and HIGH interest rates on homes and cars. Groceries? up 30%+ since COVID? And vehicle manufacturers have raised their MSRP's 35%+ since COVID? People are sick of it. Guarding their wallets.
Vote with our wallets
People who are buying Corvettes are not impacted by inflation.
@@DeadAir21Exactly. People that can genuinely afford Corvettes aren’t whining about the cost of groceries.
But bidenomics is working…. 🙃
The C8 Corvette is absolutely a supercar. I’ve owned two Ferraris and one Lamborghini and this Corvette the C8 LT three 2023 is the best driving the fastest most powerful supercar that I’ve owned.
Corvette market is just going back to what it's supposed to be. A mass market car that regular people can actually afford.
Vette was carried by boomer wealth and the shine is gone when a soccer mom in a tesla can keep up from a stoplight now.
Depends on where you're at. Markup here in CA is still ridiculous. But Numb nuts are still paying it.
@@jacksondaniels8169 That's the beautiful thing about Chevrolet courtesy delivery. Buy from a dealer on the other side of the country from their allocation. Car is built in Bowling Green and then delivered from the factory straight to the dealer that wanted to charge you $20K over MSRP.
@@jacksondaniels8169 So True. I went to go see a base C8 Z06 here in LA and the dealer was asking for over 165k! I know its cheaper than most places but I can't see myself paying so much for a corvette. If i'm going to spend that much I much rather get an Aston Martin.
Yup waiting till the hit low 60s before I pull the trigger.. not to mention waiting for the interest rates to be below 5%
The market is not crashing. It's returning to normal.
Recently bought a 2024 GM HD diesel truck…. As typical, saved about $10K. That has been about the norm for the last 4 vehicles I’ve bought, GM and Ford. Now, the ask is higher, but the discount has seemed to be constant. Luckily didn’t need a new ride when trucks were being marked up like crazy…. I agree w return to normal market, however, the overall numbers are gonna be higher…. Hello inflation!
Keep in mind the caveat right now is much higher interest rates than pre-COVID. That’s gonna have more of an effect on the downward trend
Its crashing badly now as new vehicles are not selling or leasing well.
@@jonathonsantamont8527same for me, but bought a half ton High Country for 12K below msrp, 6.2L gas. 2024. Good discounts with GM products.
I hope so
Two things: 1. I called 3 dealers advertising ZO6 at MSRP. Ad was 24 hours old. All 3 said "Oh, that car is sold". Typical car dealer bs. 2) Your headline is misleading $50K off. Click bait - shameful. And you wonder why car dealers get a bad reputation.
Amen.
Mah boi is a scammer. All salesman are like this
The z06 and c8 will continue to drop. Under msrp. The economy and interest rates are bad. Over 150k corvettes made.
Let it happen….
I'm not spending 100K on any American car, or actually any car unless its a PORSCHE that actually appreciates
Trump created the golden market Biden and democrats destroyed it.
@@adamchaifetz5876 Most Porsche's do not appreciate, the 911 depreciate at a slower rate than most other cars, their Boxster/Cayman and Porsche SUV platforms depreciate like regular cars. Their special release GTx cars hold or appreciate, but you're not in any financial position to buy one - if you were you'd know this. Also, while the 911 holds its value better than a lot of other cars, you're spending a big chunk of that on maintenance - I know, I'm on my 4th 911. And the C8 will beat a regular 911/S/GTS anywhere, anytime (and no, I don't own a C8 but know what I witness at various track events).
Dropping new car prices will eventually lead to dropping used car prices. good news.
people can't afford to buy a new car. so naturally they will look for a good used car. supply and demand. used will rise.
@@polycarphunter2257 This is interesting. You really think so?
@@msn-hn9eb common sense.
It will also lower the amount of used cars traded in because many people will be upside down on their trades.
@@polycarphunter2257People can’t afford used cars either, so prices will fall. The younger generations are living at home with their parents, don’t have a license, and are unemployed.
Good! As a C7 owner, I’m sick of the excessive markups and the arrogance of the automotive dealers and parent companies. There is no reason for a consumer to still be paying over $130k for a 2LT Stingray and over $250k for a ZO6. I understand the economics of supply and demand, but the price gouging is ridiculous! And to think, the government bailed GM out from collapsing. Then turn around and bend the consumer over!
Facts
I'm friends with an owner of a GMC/Buick dealership. He refused to do any ridiculous markups like the other dealerships (speaking more about GMC than Buick lol). Was able to get one of the new Hummers when it first came out. Sold it at MSRP. The guy turned around and sold it for twice what he paid. " Price gouging" only works with 2 parties. Should you sell your house for what you paid for it 20 years ago? Or should you sell it for what the market dictates?
The C7 is my favorite Vette, since the C5. I would keep the C7, and forget the c8…, it’s fugly in my eyes.
@actionfaction2558 completely agree. My son has a 2LZ 2015 ZO6 that was about $75k new. A comparable 2024 ZO6 is $100k more than what my son's car costs. Less than 10 yrs and over a $100k price increase. No thanks.
Jacksondaniels, the government didn't bail out GM, us TAXPAYERS DID !!! There is no such thing as government money, Its ALWAYS been taxpayer money for EVERYTHING we have. Thanks for letting me vent.
I went to the same dealer where I bought my current Corvette, and I'm a mature, safe driver with a credit rating well into the 800's, and after driving up in my current Corvette, they would not let me take a test drive in a new C8. Period. No sale today, boys!
What does this mean?
@@seeitoldu1 What part do you have trouble with?
@@seeitoldu1 It means a dealer was too lazy to get the vette out of the showroom for him to test drive ;P
My local dealer has a 2024 Rapid Blue 3LT listed for $93k. It's been there since October. 8 months no sale. They park it our front on sunny days and store it away at closing time. Every day for 240 days. I am guessing they aren't making any deals with people.
well that was a waste of time typical dealer mumbo jumbo
with that corny pitch on the sauce junk lol
@@WillLarkin probably washed off after a heavy rain.
All those people that paid $20Gs OVER are going to take a bath on their cars. Spending money foolishly.
Not if they dont sell it
@@DanielDahl-i9p The longer they wait the worse it will get.
Its market saturation, demand was met in 2023 and there’s not enough owners ready to dump their cars for a new one yet. If you look back at every corvette generation it was the same thing a drop in sales after 4 years.
Yep, every single time.
I have been hearing about the “sky is falling” for 3 years…interest rates while higher are well within the historical norm, people just got use to artificially cheap money. Employment remains strong. Stock market sitting right around 40,000. Federal yearly deficit has been slashed by over half since 2020. Small business applications are up at record levels. Supply chains have recovered. Housing values holding firm.
Reality is that the economy has changed post COVID. Boomers retired. Young workers went mobile. Gig economy replacing traditional employment. Era of cheap liquidity post 2008 financial crisis has gone away….all in all, the US economy has weathered pretty well, and much better than in other countries.
Custom ordered my fully loaded C8 HTC Z51 for MSRP at around 93K. in 2021. Just about paid off. No complaints.
$10000.00 discount means car is over priced in the first place.
I got rid of my 21 c8 HTC 2LT torch red For $77k back in October. PAID OVER!! Now this pass January I bought a 24 c8 coupe 1LT Z51 + Magride riptide blue at MSRP!! No adm and no markup!! Now in my local area they are discounted anywhere from $1,500 - $ 5,500 depending on the trim. SO YES THE MARKET IS SHIFTING as people are not buying toys lol. Economy is definitely very unstable right now. Here in Phoenix Traxs are stock piling as well. Cheap car are not selling. 😮 sign of the times man. The Honeymoon is over in the car bizz lol.
The average Corvette buyer is 61 years old, so a lot of younger boomers and older Gen X. Unlike their parents, they rarely have a good pension or much savings. The market for Corvettes, Harleys, and vacation homes is about to take a huge hit.
It was way easier to make money 💰 mostly entrepreneurs back in the day!!!
Why did you switch from the HTC to a Coupe? @@mikejautosandstuff3349
@@Duke_of_Prunes I'm 61 and looking at C8's.
@@broc2727 I hope you find a good one! They certainly are the best looking Corvette in many years.
Sold my 1LT 3wks ago for msrp(what i paid) after owning it for 10 months and putting 8400 miles on it, the dealership sold it for $10k over msrp in like a week so there's a fool born every minute I guess 😂
I was the Corvette fool for too long. No more.
I had a 2017 Stingray 2LT and my wife had a 2019 1LT. We sold hers in 2021 for 5 grand more than she paid for it new and mine in 2022 for about 7 grand less than I paid for it new 5 1/2 years prior.
Dealerships were asking 50 grand over sticker for a new C8 in 2022 - which drove up values on C7s. We sold both of ours because we moved overseas and couldn't bring them.
Both the car market and the real estate market are due for a serious correction.
Just picked up a ‘24 Z06 with Z07 at $3500 below msrp yesterday.
Which dealership if you don't mind? Even sales person would be great?
Bump
Nowadays you can do 10k under
As someone who has been holding out for a stingray C8 with the Z51 package droptop, THIS IS A GODSEND TO MY WALLET 😂😂😂😂
I learned a long time ago to just wait. In1990 dealership was asking a 100k for a zr1 just waiting till the end of the year for a c8 .
Lets go 35 000 dollar c8 inominh!!
I was talking to Ciocca, which is a huge Vette dealer in New Jersey and they have many 2023 zero6s that were bought back to avoid lemon titleS Since there’s a lot of complaints about this first year, C8 Z06 from the customers. My advice would be to avoid the 06 for at least one more year and just go with the C8 LT three add Wheel Spacers make sure you get the high spoiler the large front you also should get a dark color since lighter color exasperate the odd looking side vents on the C8 06 looks great and some of the lighter colors since the vents are a bit different and the widebody kit reduces the oversize look of the vents
“zero6’s” 😂😂😂
This guy is all over the place. Non stop commercial
In February I feel I got a steal on a 2020 C8 w/Z51, Mag Ride, 3LT even at a higher mileage at 21k miles, I got it for $66k
What state
I just bought a 2023 2lt z51 with the white and blue interior, 3300 miles for 74k out the door
@@philpernice4722 I live in NC but bought it at a Chevy dealership in SC
Luxary always collapses first. 90% of Corvette buyers have no business owning a 100K car but when they could finance at 0.9% for 84 months they could "afford" it.
When was auto financing ever .9%
@@marioremondino9837 Tesla has it right now. Look it up.
@@marioremondino9837 Plenty of times over the last 15 years, manufacturer incentive financing.
@@marioremondino9837 I got my 2020 Camry Hybrid for the .9 rate. Love it
@@1969bones69 Have you been in a Tesla? Compared to them, a Vette is like a Rolls Royce.
With what's coming with the economy I'd be unloading expensive toys, not adding to them.
At my store there are 6 C8s 1 a Z06 on the floor looks like the hip is over
A Corvette owner of 2 saying the ERay is a trash car is a big statement. I hope GM is listening.
Sure, GM listens the way Disney does.
GM doesn’t listen or care! Being run by a diversity hire slit…. She will destroy GM
Is it that bad?
The ERay isn't trash. It's overpriced.
@@AFVetteran it's a low power durability test of the four wheel drive they will need to stay competitive at the price points and performance they want to take the car . For now it serves the folks who want to drive their corvette in winter, instead of mothballing for a season .
Props to your wife for acknowledging that you won't like something that doesn't have power instead of saying "why do you need that?"
Although when I was in the market for a truck a long time ago, there was a Ford that was a really good price and my wife reminded me that I would soon hate it because it is a Ford... and I realized she was right and didn't get it.
This happens with every single generation of new Corvettes. They sell above sticker the first couple years and give them away the next few years until the next one comes out. The price remain high for the C8 a little longer then usual because of the lock-down.
Got $10.5k off the hood of a brand new C8. Basically the same price used. Used market has a WAYS to go and the new market is plummeting FAST!
As long as that pushes down 2010-2013 C6 prices I'm all for it.
It’s interesting cause the C5s are now going up so seems C6s might stay where they’re at now. Just my guess
Just bought a new Acura MDX types yesterday and got $10k off MSRP
Really. Nice. What dealer if you don’t mind me asking?…I was interested in a Type-S TLX…but not at current MSRP of $58xxx…..one Acura dealer in my area has a leftover brand new 2022 TLX Type-S. Sticker is $57K…I need 20 grand off then I’ll bite lol
@@Derek-pq3zbStay At home if you're looking for 20K off quit wasting people's time😂
@@dakotaautosales9673 lol. Of course I wouldn’t get 20 grand off…but 10k is a nice starting point😂
I feel like any discount on a new car nowadays is a win!
Chevrolet depreciation is insane, it has to be the worst. Just got a silverado zr2 for 70k out the door and I'm still upside down 15k
😂 don’t check again in four months or you’ll have a heart attack.
@@RedPandas3111 already got rid of it lol
@@username-kn3oh Why did you get rid of it so quickly?
@Melanie16040 just didn't like it as much as I thought I would unfortunately. Duramax was very underwhelming and I couldn't fit 35s on it without doing some serious upgrades and it's factory tires are hilariously small and make the truck look terrible
@@username-kn3oh How long did you have it?
Is it really collapsing if the market is just correcting to where it should have been?
Bingo!
Yes it is collapsing from the markups
It's collapsing further
I just paid 1K under sticker for a brand new Z06
Where I’ll get one
Location?
Me too!
Z07 or no?
Still inflated by 30%
You def have all the signs of a car salesman. Good talker. Great body language. Waving hands. Yep. Car salesman
Good for you starting your own dealership, you seem very knowledgeable. Best of luck with all brother
We all knew this day was coming.......
I got a buddy for got a Z51 3LT recently new for 7500 off MSRP. great deal
Never had the slightest desire to own one ,even though ive been a car guy most of my life.
Is not just the Corvettes on 4/30 I purchase a new 2023 Dodge Challenger SRT Hellcat Jailbreak Last Call for $68K {$75K OTD} and the MSRP was $82K before add-on's, fees and taxes.
Wish I could find a deal like that, I’d consider trading my ‘17 Challenger 🐈
@@livinglife3230 Jerry Ulm Tampa talk to Caleb say $75K otd take it or leave it then walk out and wait for the call at the end of the month I think he has 4 more with the same specs and price as mine
@@livinglife3230 I can't tell you the dealer because he takes down my post but there's 4 in the Tampa market
I got burned by the over. Got a Z06 very early paid $30k over and 10% sales tax. Was going to flip it. Stored it and kept it at5 miles. The GM 6 month hold destroyed the market. Was ready to sell at msrp. Fortunately found a great buyer and only lost $25k on the sale. The Z06 is a great car at MSRP. Not at anything over. PS I bought a car from you at Bachman.
u overpaid by 30k and u thought u were going to flip
and make a profit ?
@@ericprieto4348 You could have in the past with a Z06.
Don't feel sorry for any flipper losing money.
I hope they kissed you first before you got bent over
I sold my allocation for $45k and reserved 2 ZR 1 Zoras….
C7 Z06 2016 20,000 miles switchblade silver 6% oh great investment driving and enjoy it every day!
Until it gets stolen in 2 minutes, its the main thing keeping me from buying a c7 z06
I was making a funny. Ha Ha. Good to see. I was getting my camry serviced at lowes Toyota. They are not selling(cars n trucks) right now. Only used selling. The people coming in cant get a loan. I would like to buy a c8 in near future but i want a deal
Related: Mega RAM dealer is stuffing new iron on their used car/truck lots as they're out of space on the new side.
Across the street is a Tesla store that's also parking new iron in a large church parking lot (location use to be a K-mart) as they are also 'no room at the inn' at their location. (Pacific NW area)
Tough times ahead, party is over!
btw Target just lowered sales guidance and LULU stock went from $500 to $300 in a few months.
The whole car market is droping like a rock 😮
I think people in the car sales business are so condition4ed to be positive they don't want to talk about this under any circumstances.
@@oleradiodudea.m.4735 Same as realtors w/"potential".
Ciocca is pronounced SEEOOCAH. If you live anywhere near the Mid Atlantic region, I highly recommend you stop by and see their store in Atlantic City NJ. It's the old FC Kerbeck dealership. There is a sea of Vettes there!!!
Here in Ontario, Canada, Toyota Corollas and Camrys are selling at $5,000 (or more) over MSRP, and that I when you place an order for one and have to wait 12 to 24 months for it to be delivered. For nearly-new used models, you can pay anywhere from $10,000 to $15,000 over MSRP.
Great news. Sick of these people reselling these vettes for more than new
If you don't work for the dealership, anymore, how do you get employee discounts?
What is happening to C7 pricing?
2016 Z06/Z07, 3LZ, competition seats, 7 sp, convertible, black on black, 30K miles?
It's ablut time the car market is starting to go down and means since new cars are going down that means used cars should come way down soon too. Thanks for the video mike I enjoyed it and loved it alot and keep up the great work much love to ya brother have a good one take care god bless and I will see ya on the next one
So your message to me is wait until next year to buy my vette. Noted and considered. Thanks boss.
Can wait to buy some used c8s in the future a few years from now for high 40s and low 50s
I could never understand why anyone would pay the amount of money for cars in America that they do. Why? Stop throwing your money away there are real cars out there that are actually worth the money....
There's nothing wrong with the corvette market. stingray price drop is expected now that people are trading up for the Z06 & E ray. The Z06 price is just coming back to earth from Mars LOL dealers wanted 230k for a 1LZ Z06 when you could build one straight from GM for 112k
I walked in to a Chevrolet dealership where I’ve purchased new Corvettes before. They wanted $10,000 over the MSRP. I walked out. I’ve got a long memory and I’m not ever going into that dealership again.
I was telling anyone interested to just wait until supply catches up with demand. You now see C8s everywhere! All those who paid over SMRP received their vettes early but was it worth it ? To each their own.
A few examples of discounts does not mean market is crashing. The dealers could be just trying to draw in buyers to their dealerships and then play the games they usually do.
All manufacturers need to sell direct to consumer.
The only reason the dealer should exist is for service and test drives…period.
I sold my vette & bought a 2023 Camaro 1ss . My favorite car I ever owned.
Been selling sports cars for three decades and the Z06 has gotten out of hand with the price disparity. You’re just not getting that much more over the stingray with this model. I’ve owed 17 over the last two decades and wouldn’t buy the current one when the C8 is so much more reasonable with a time proven engine that relatively inexpensive.
Corvette mkt? You mean whole chevy/gm market is falling almost as fast as stellantis
The entire car market is crashing lol, if you like reliability, don't buy a Volvo.
Lol, depends how far back you wanna go.
Had a 1990 240dl wagon that hammered out well over 300,000 miles.
I have had my C4 I for 20+ years. Still love it. I budget $1k a year to keep it in good shape and I can drive the tires off of it and it just deals it out.
I’m a truck driver going back and forth from Gary in to GA/AL I’ve seen trailers loaded with zo6s every time I’ve stopped at a truck stop I see them
Getting discounts on new Corvettes are hard to come by here in California. Two people I know bought new Vettes from dealers on the East Coast and had them shipped back here because the discounts were so deep. It was still worth to pay the shipping across the country.
I believe the U.S. market for sports cars is for front engined models, and not the mid or rear engine cars we have on sale today. Further, the Corvette has no exclusive features, whereas customers always want something in a sports car that nobody else's car has. Dave Kindig, of Kindig-It-Cars (and he has a weekly show on the Motor Trend Channel) has built a one-off prototype front engined LS V-12 of 9 liters with over 1000 streetable horsepower. The engine was a custom build by a prototype company in Australia, but GM could build it on a 10,000 unit basis at their foundry for hardly any more than a normal LS V-8. Its just an LS in every respect, but with 4 more cylinders. That was the allure of the Viper, it had an 8-liter V-10 with 650 hp, which was the drawing card to it. If a V-10 was good for the Viper, then a V-12 Corvette would work for Chevy. Offer either a 6-speed Tremec manual or a GM 10-speed auto at no price difference, and price it for an $80.000 absolute max, fully equipped car. Prohibit dealer jacked-up prices. In fact, have Chevy retain ownership of the car and the dealer just gets a commission, so as to avoid dealer added markups. At the $80K max retail price level, GM could sell more than they could possibly produce. Oh, and as to the Kindig designed prototype, GM honchos are prohibited from F*CKING around and adding little touches here and there so as to assuage their oversized egos. No doodling around with cosmetics, up to, and through the GM CEO. There are videos of the Kindig prototype V-12 Corvette Coupe on UA-cam, and if you will take the time to watch the video, you will be thunderstruck at the beauty of the car. I believe Kindig made his car's body with Carbon Fiber, but the average retail customers would be happy with fiberglass, if carbon fiber bodies proved to be too expensive to mass produce.
The base model 1LT, 2LT can be had for 5-7k below invoice right now, don’t let the dealer rip you off, you don’t want any add ons and no $995 dealer fee.
I sold my c8 z06 2 months ago and got what i paid for it lol. I saw it coming
If they got rid of the middleman and sold direct to the public, shrunk dealerships into service centers only and passed the saving onto consumers more people would buy new cars.
If you ask those jokers on facebook that paid over for them they say “it’s only money I get to enjoy the car now” yeah a whole year was worth spending $50-150k over? 😂
Exactly. Wait until they run out of money halfway into retirement 😭
@@Duke_of_Prunes they’ll ask for a government bailout just like with student loans and those of us that are responsible get to pay for that too.
Like others have mentioned, newer versions of vehicles are being sold under msrp….I believe vettes aren’t the only ones
My c8 z06 z06 package was sticker at $155,950 I paid $153,850 Definitely not regretted it plus 0% interest!!!
I love corvettes, hasn't been a bad corvette since the 1990s...
Bro really works at a chevy dealer and said that the 3ray has no purpose or its pointless, brother the eray is meant to the equivilant of a grandsport corvette, it has the same body style as a z06 but without the z06 motor but this time it has way more hp than a regular c8 and it beats a c8 z06 in the quarter mile.
It's not so much it's crashing as it is there are now thousands of them for sale across the country. It makes me happy as I am going to buy one when I get my truck paid off.
Now a normal market. Most Vette's priced fairly with 2 to 8K off, which is where it should be. Lease rates have yet to adjust, but they might.
I'm confused. If you can now get a brand new C8 for MSRP or under, why are 3-4 year old used C8s with approx 50k miles still $50k-$60k? When will the used market start to reflect the new one?
Would you recommend buying a 2024 Acura Integra base that has 6000 miles on it? It was used as a service loaner car at the dealership. It is going for 28K. Is that a good deal, or should I avoid?
I want to get a Corvette are they still having transmission problems? I’m just afraid to get involved with the Corvette at this time if they are having transmission problems.❤
I would die drooling for a Cacti Green... that color is just sick sick sick
I like it, too. Unfortunately, everyone else apparently hates it. It’s been cut from the color list for 2025.
Wish I could’ve seen it in person before I ordered my ‘24
Even at msrp they are over priced. Paying over 150k for a Z06 defeats the purpose. That’s used Ferrari, Lamborghini and gt3 prices
A brand new 2024 Z06 convertible completely loaded is about 185k. An 8-year-old Lamborghini hurricane is about 250k. The insurance and upkeep on a Corvette is a 1/4 of the Lamborghini. I will take the Corvette.
Go price just an oil change on a Ferrari, Lambo or Porsche.
I'll give you an example 😁 .... '18 Huracan oil change $673.00
The C7Z’s got up too $15,000+ under MSRP if my memory serves me right. The C8’s will do the same, if not even more.
What I'm not hearing Chevy Dude is my 2024 C8 Z06 @3000 Status MSRP. What do we need to do to get this reduced? Help me us brother.
Great Video! How does the Bling Sauce look after the first rain on it? There are tons of products that look good right after application, it rains and ALL your work (and $$$) is gone! I have a 2001 F150 with the same issue as the Avalanche on the trim. It is mechanically perfect with 188,000 miles on it, but now it is time for new paint and I have to do something with the trim as well!
Trim Shine seems to last. I love that stuff.
It just had to happen. The mark up was insane. Now those who paid that much are all upside-down. I was on the market for a C8 but refused to be part of the problem and pay way over MSRP.
I just saw a truck load of brand new vettes heading to the dealership.
The writing is on the wall. If you bought a C8 Z06 (even at MSRP) and wanted to flip it, you’d best get rid of it right at six months. New allocations at MSRP are easy to find if you don’t mind the wait, but there are several dealerships that have them on their lots at MSRP. And, if you are in the market for a new Stingray, they are becoming much easier to find below MSRP. Even if you have to buy it from far away and have it shipped, you will still come out ahead if you are unable to find a deal locally. And, Mike, I agree with you on the ERay.
Why do you need to wait 6 months?
@@jonathantaylor6926 Because GM will void the warranty if you sell it sooner, and (supposedly) you will be forbidden from buying any more “high demand” vehicles from GM. They did it to keep people from flipping them right after they buy them, yet they allow dealerships to mark up their dealer stock by astronomical prices. It isn’t right but that’s the deal if you want one.
@@doughooks7411 No way! Thanks for the explanation.
29k c8 c'mon baby you can do it! keep nose diving!
Thanks Chevy-Dude for sharing "Bling sauce" with us. I just ordered some to help with the black plastic bits on our Jeep Wrangler!!
All car markets are plummeting. Boomer. Car interest rates, car thefts, fuel prices, car insurance costs etc. let’s tell the truth here.
Corolla Hybrids are flying out the door.
@@getit9066 I mean I’ll get banned if it saw why
He is not a Boomer. He is too young. I am 72. I am a proud Boomer. Much better than being one of the Lost Gen X people who are clueless about life in general.
2024 Z06 3LZ in orange for sale in my city for $190K which includes $40K in 'uplifts' 5.5L / auto.
NEW VEHICLE PRICES PLUS $1,946 IN VALUE PROTECTION DEALER ADDS (TINT W/LIFETIME WARRANTY, DOOR EDGE GUARDS, RESISTALL CERAMIC INSIDE & OUT, AND THEFT). New vehicles may have addendum due to market conditions and vehicle scarcity.
The Corvette market is certainly not crashing. That’s a lie for Clickbait purposes. The market has corrected back to normalcy. Paying over MSRP for any car is just ridiculous And frankly, I refuse to do it My C8 was $111,000 MSRP and paid $111,000 MSRP not a Penny Moore
It "crashed" of you just lost $30,000 and now you are upside-down on your 84 month loan. It's all relative.
I haven’t bought a sports car in 35 years, I ❤️ love the Lexus LC 500 and think 💭 about it all the time, but to actually buy I’m looking for a Mint Hummer and Excursion
I bought my first Corvette for 50% off what the MSRP was,C6,7 years old,Z51 2LT and it had 18,000 miles..I got tired of it and sold it until I can buy another one 6 or 7 years old for 50%off MSRP I will not be buying one...people and dealers think their cars are worth way more than what they are and for that reason..they can keep them or wait for a fool to pay the ridiculous prices.
Please tell me how the transmission issues are going? Is Chevy put out a recall? C06 MSRP $110,000. Good luck.
I'm looking for a 2019 2018 2017 stick shift Grand Sport or decently packaged Corvette not convertible stick shift only Do you have anything like that I'm in Illinois not too far from u.