03-03-2014, 04:05 PM | #1 |
just can't get enough
|
Mid-year C7 price increase!
Fresh from the grapevine... from various C7 volume dealers:
The new starting MSRP including DFC for these models are now: |
03-03-2014, 05:31 PM | #2 |
3LT Z51 Torch Red Coupe
Drives: 1987 Corvette Convertible Join Date: Feb 2014
Location: Virginia/RQDW34
Posts: 33
|
This makes me sick to my stomach. I am canceling my order.
|
03-03-2014, 05:55 PM | #3 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
|
I really hope you're not serious.
__________________
2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
03-03-2014, 05:57 PM | #4 |
just can't get enough
|
I hear you.... we knew this was coming down the pike but unexpected that it would be so soon. I thought we'd see price increases 3-4 months from now particularly for new 2015 model year orders.
Personally it wouldn't stop me though since the C7 is so worth it. I know it's easy to say since I have one already but I am still planning (hopefully) to get a Z06 next year so I bet imminent price increases will still be on the table by the time my order is secured. Talk to your dealership... for example according to Kerbeck: "If there is a price increase, any order in the system (1100) before the increase is price protected. The way that works is that the car will come in with the new price and the dealer has to apply to get the money back. Don't let the dealer try to bump you for the price increase if you have a sold order in the system." |
03-03-2014, 06:07 PM | #5 |
Drives: 1969 Corvair, 2018 Camaro T4 RS Join Date: Mar 2009
Location: Detroit Metropolitan Area
Posts: 2,881
|
Mid term price increases are normal. Across the Chevy vehicle lines not just the Corvette.
If you have an order in than you are price protected. The price increases are so normal that the treatment of the pre price increase orders is also normal. Hope this helps. Laborsmith |
03-03-2014, 07:12 PM | #6 |
3LT Z51 Torch Red Coupe
Drives: 1987 Corvette Convertible Join Date: Feb 2014
Location: Virginia/RQDW34
Posts: 33
|
Thanks for the update. I am driving into my dealership tomorrow to verify. They have a Z51 coupe that I have been eyeing for a while and may just pull the trigger on it. I read that because my order is 1100, the price increase should not affect me for my order. I really want the car and am confident this will all work out. I am not unrealistic, but paying an additional $3,200 because I had the loyalty to wait for the car would be unacceptable to me.
|
03-03-2014, 07:56 PM | #7 | |
just can't get enough
|
Quote:
If the Z51 in-stock is a nice build or close to your liking then that's not a bad idea at all. In any case, good luck... you'll soon enjoy the C7 ownership experience. |
|
03-03-2014, 08:21 PM | #8 |
Rand Paul 2016
Drives: Corvette Stingray Z51 2LT Join Date: Apr 2012
Location: U.S
Posts: 592
|
Do these prices include the delivery charge? For example, the official MSRP of a 1LT Z51 on Chevrolet's website is $53,800, does that mean that there is a $3,200 price increase or a $4,200 price increase??
I placed my order last week and will be verifying with my dealer to make sure that I will not be paying the new price....
__________________
|
03-03-2014, 08:26 PM | #9 | |
just can't get enough
|
Quote:
Factor in the mid-year increase and the result is $57,995 (includes DFC) because the Z51 Pkg goes up by $1200: from $2800 to $4000. Basically this was calculated by adding the $4000 to the new mid-year base C7 price of $53,000. And then finally add the $995 DFC. Total net increase is really $3200 (+$2000 for the base and +$1200 for the Z51). Voila! |
|
03-04-2014, 12:32 AM | #10 |
Rand Paul 2016
Drives: Corvette Stingray Z51 2LT Join Date: Apr 2012
Location: U.S
Posts: 592
|
It appears that these new prices are the actual prices that GM has planned to sell the car at all along. They only kept the prices down initially for marketing/promotional reasons. Here is the exact quote from Dave, a sales representative at Kerbeck Corvette:
"This price increase has nothing to do with rebates. This is the price that they thought the car should sell at but they wanted to get a big splash in the press for an incredible car for under $52,000. It was great marketing but the demand can definitely justify the price increase at this point so they did it. Also, if they decide to raise the price in 2015, the increase will be judged off of these new base prices, not the original which would like a much larger jump. Again, great marketing!"
__________________
|
03-04-2014, 10:29 AM | #11 |
just can't get enough
|
Another local Chevy dealer just emailed me a few mins ago... in fact they are in the top 20 Corvette volume sellers and it's confirmed... the price increases are legit and in effect for new orders as of today. In-stock units and presold orders are not affected.
|
03-04-2014, 01:06 PM | #12 |
just can't get enough
|
Now found on CorvetteBlogger:
Chevrolet Raising Prices on the 2014 Corvette Stingray and Z51 Performance Package |
03-04-2014, 02:50 PM | #13 |
Use the Force
|
Well congratulations to everyone that bought early and I am sorry to everyone that did not. Considering that the current price increase of $2000 for the base and $1200 for the Z51 option will most likely be repeated when the 2015's come out in August, it will be a $6400 increase for a 2015 Z51 coupe plus whatever they decide to increase the rest of the options. They are certainly not losing money at the current prices but I guess they felt that they were not making enough profit either. That is a shame, my fault for waiting for the 8 speed auto and the PDR.
__________________
Walk softly, carry a light saber and drive a ZL1!
|
03-04-2014, 04:45 PM | #14 |
Drives: 1969 Corvair, 2018 Camaro T4 RS Join Date: Mar 2009
Location: Detroit Metropolitan Area
Posts: 2,881
|
OldJedi, I predict the increase for the 2015 model year will be less than half your prediction.
In six months we will know. Laborsmith |
|
|
|
|