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09-29-2008, 08:17 PM
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#1 |
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SoCal Race Team #13
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ummm... GM's head in sand...
Well with the stock market droping 777 points today.... and 08 vettes rotting on the lots... and 09's looking to do the same...
GM raises the Base MSRP on vettes starting today.... $1520.00 increase.. bringing the total MSRP to.... prices before destination: Coupe - $48,565 Convertible - $53,220 Z06 - $73,925 ZR1 - $103,970 ....
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A.K.A - Diarmadhi (old handle) - So much to do.. So little money
Owner : Fast-Stache Industries LLC |
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09-29-2008, 08:20 PM
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#2 |
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Not That sad..considering
Drives: Man Join Date: Aug 2007
Location: the part of washington the capital forgot about.
Posts: 3,745
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people who are buying corvettes are going to buy corvettes no matter what, and it wasnt like they decided to do it this morning, this has been in the works for a couple of weeks. Business types arent known for shooting from the hip
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Stop Whinging
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09-29-2008, 09:28 PM
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#3 |
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Moderator.ca
Drives: 05 Grand Am GT Join Date: Jul 2007
Location: Niagara, Canada
Posts: 25,366
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Aww, and I only had $48 000 to spend on a new Corvette. Looks like I'll have to go someplace else to get a better performance deal. Oh wait, I can't because there isn't a better performance deal. Well that and I don't have $48 000.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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09-29-2008, 10:34 PM
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#4 |
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I used to be Dragoneye...
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head in the sand? Or smart business move?
Raising the price 1.5k on a car who's buyers will buy anyways only means more money for them. This could also be to help cover increased prices in metals, etc; which is still a smart move. 
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"Keep the faith." - Fbodfather
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09-30-2008, 01:52 AM
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#5 |
         
Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007
Location: California
Posts: 3,810
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Welcome to the wonderful world of inflation. It doesn't stop just because the Dow dropped. Oh, and I think the market drop is an overreaction. Wait out the panic. Prices now have nearly no relevance at all to earnings.
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"It's kind of fun to do the impossible" - Walt Disney
There's a great big beautiful tomorrow shining at the end of every day There's a great big beautiful tomorrow Just a dream away |
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09-30-2008, 04:47 AM
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#6 |
 
Drives: X-15 Velocipede Join Date: Mar 2008
Location: SW Florida
Posts: 4,630
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They just raised the prices when the 2009's began production in June or July, the plant will be closed next week for the first time ever, other than the usual July shutdown, due to bulging inventory.
When they come back, the assembly line will be slowed down from 18.5 units an hour, to 15 units per hour. They layed-off 75 people at Bowling Green. Now they raise prices again, after a few months. The Corvette was always recession proof - not this time.
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09-30-2008, 07:32 AM
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#7 |
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Moderator
Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007
Location: San Diego
Posts: 14,768
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The Corvette is underpriced compared to the competition in that category. Corvette buyers will buy Corvettes anyway.
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Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
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09-30-2008, 08:11 AM
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#8 |
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Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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this isnt good for the camaro though :(
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09-30-2008, 09:16 AM
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#9 | |
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Moderator
Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007
Location: San Diego
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Quote:
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RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet//
Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
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09-30-2008, 09:58 AM
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#10 | |
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36.58625, -121.7568
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Quote:
but it is Not good for me, because i am an average joe here thats broke as f%$#, and i live for the day i bring a corvette home.:(
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09-30-2008, 11:55 AM
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#11 |
 
Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,275
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This does give them more freedom to increase the initial price of the Camaro. Don't forget, Mustang has just recently announced a price increase as well.
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