Is The C8 Market Flooded With Cars
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- Äas pĆidĂĄn 7. 03. 2024
- With over 140k Corvette C8s made to date, has the Market become oversaturated with corvettes? Lets dive into this topic as I share my thoughts on the topic.
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Crazy thing is no one says that about there are too many Porsches on the road. Yes there are 8 generations of 911 or 99X, but most of them look alike.
LOL you are so right and until I really took the time to learn more about them last year i couldn't tell them apart. Alot of the obvious differences i naturally thought were after market mods added by the original owner not knowing they came from the factory that way.
Great video! Iâm not a vette fan but I like the perspective. The only negative thing I can say about the modern corvette is that it will never be a âsuper carâ until they limit production. The main appeal of a super car is that itâs nearly unattainable during the generation it was created. The minute something becomes attainable by âcommonersâ it loses its appeal, thus no longer being unattainable.
Good point! that's a perspective i never actually thought about out loud.... NICE! Thanks for watching.
GM isn't really interested in the age of the marketplace or the numbers produced. All this talk about market place and age and value is interesting but misguided. To show my bias, I owned a Corvette and loved it. I have loved them since they first came out, with the "mid-years" my favorite. However, GM has lost sight of who their market is. They want to play with the big boys, the supercar niche. Corvette really wants to compete with the high-end MB's, Ferrari's, Bugatti's, and Lamborghini. They have missed the point. The Corvette is an American original. It doesn't have the pedigree of the supercars with their handcrafted bodywork, or the snobbish appeal of the purebreds. They think the supercars sell because they are expensive, have very flashy body designs and can go fast. So they are trying to emulate them. They have done a good job. The Corvette is now very expensive - rapidly approaching the price of the supercars - the design is ultra-sleek, the interior is exotic and it now comes with the luxury gadgets a good supercar should have. It also has the same drawbacks; the cockpit is cramped, there is no storage place to speak of, it uses more gas but has less place to put it, the engine is placed behind the driver (for that f-16 feel no doubt), and of course, it is more expensive to maintain. I do love the "look" of the new Vette and even though I could afford it, I don't want it. I liked the old Vette with its "country cousin" approach. It was rowdy, sleek, affordable, and it stood out. C8's aren't selling as well as dealers would like. Yes, it attracts attention and draws customers in. The idea that it will be a "good" investment is dubious at best.
Robert i appreciate you for admitting you have bias, but you pointed out the major problems most old school vette owners have and that's change. Not to be disrespectful but it's the same way of saying my iphone 6 calls and texts people just fine why do i need a 14pro. Every since GM built the corvette C4 they showed the world they could compete with the big boys. Now i must admit it's the most unpopular corvette ever but it is also the first vette with a variant that challenged the supercar rivals. GM has shown they can dominate many of the super car rivals with the introduction of the C6 Z06 so the C7 Z06 and ZR1 was just an encore to its predecessor. I hate to say it, GM didn't miss the point they went out and created the affordable supercar. Until the C8 hit the streets the Audi R8 V8 was considered a supercar, the base C8 destroys it in every single way. The C8 is physically owned by more individuals than any other corvette in the pass and owners of any specific super car category for the past 20 years. Its also the only corvette to ever sell for 4 straight model years without a rebate. GM said they wanted to go out and attract new buyers to the brand and the hit that right on the head. The interior by far is the best interior ever installed inside a corvette and beside center console height the C8 is no tighter than the C7 or C6 cock pit, yet it actually has more leg room than both. But this video was about if the market was flooded and the numbers show its not and that your belief that the C8 aren't selling as much as dealers would like is false. There have been 141k C8s made and 135k of them are owned by physical people which 99.9% of them paid MSRP or more to own it. 5 production years in its still in the top 3 cars selling in America. No other corvette body style ever cracked the top 25.
I would say that most companies out there are looking to sell as many widgets as possible. Im sure GM is looking to sell to a lower age group. It would make sense for repeat customers. Its not a Hypercar, but it went from a sportscar to a supercar no doubt. I like the older generations as well and I would have all of them if my garage was larger.
@@hodpod I agree with you, I would love to have C6 and C7 Zr1 in my garage, those were very special cars when they were released and to this day they are still hot cars to own.
Iâve never been a Vette guy but this C8 has my attention but paying anything over invoice is crazy to me. But also people like things to be rare if we are being honest it gives some that sense of pride that I was able to build or find someone elseâs buid at a random dealership. Good video
Thanks for watching, and I agree there is a different connection you have with a car when you design the build and get it based off your desires.
As far as I am concerned, the C8 platform is the best car Iâve ever owned. Itâs going 2b hard for me to change cars
Honestly that's the truth for me as well and why I've owned my car for so long. I thought about getting a 2019 911 Turbo S 2 years ago and it wasn't enough tech for me and although it had more power, I felt like I needed more. I thought about the Acura NSX and the lack of a convertible option, real cup holders and again technology had me say Nah. I tried looking at a AMG GT and that was to me the worst option of them all.
Interesting take, I sold my C8 just today. I liked the car but started to see too many. I went and bought a M4 Competition today. Iâll boost it up to 600 hp and have my 4 seats. Great video
Great car, but in the Chicago land area they are quite common as well. I believe there is a lot of fear surrounding the C8 when it comes to performance mods but there are a few solid ones out there and I would rather have the C8 that's pushing 687hp with 643lb-ft of torque. Its a $20k mod but you can have your base C8 pushing more hp and torque than a Z06, which lets be real is way more than a $20k upgrade cost to get behind the wheel of one.
Lmaooooo at you acting like a M4 is raređ
@@ICNVDE no argument there! I still worry about the tranny a bit with that much torque. I had to make a choice, since I kept my C7m and really didn't need 2 two-seaters. In Chicago, sure there are a ton, believe it not don't really see that many here in Jersey, but these C8s are proliferating. Either way, the C8 platform is still a good car, but I had to make a business decision, aka, wife said one had to go! Keep up the content, always enyoy it!
M4 Competition is a sweet ride. Send a pict! We were looking at those also. We have a Bronco Badlands if we need more room, or camp...
@@jermainhall1954 i have to laugh at that business decision because my wife said the same thing when I had my C7 so I went luxury with the S550 coupe. Probably should've went with the S63 AMG but I really didn't want such a big car with all that power. I appreciate you sharing your thoughts and experiences.
i agree.... after all the crazy dealer markup BS is out the window.. i am leaning towards getting a C8. Was never interested but hey... maybe i'll try out a mid engine car for a change. Thanks for the video
Thanks for watching, I think everyone should drive it at least once and see if the experience is something they would want to own. A few rental car companies have picked up some and there are a few on Turo, so at worst case rent one for a day and see what you think.
Dealer markup era is nearly over. I purchased my 2024 Z5 3LT HTC below MSRP.
@@hodpod I'm seeing and hearing more people make that same statement , I figured 2025 would really be the first year where its a trend.
The C8 is beautiful and amazing. If prices drop because of supply and demand, awesomeâŠ..more people will get to enjoy the best value supercar ever built in history as affordability gets even better.
Well said! It's all about perspective and how that perspective affects you. Thanks for watching!
Exactly. I didnt purchase our 2024 for resale value. If prices really drop, I might need to pick up another one.
First one! Love your content brother keep it up! đ
Thanks! Will do!
Secondđđđđđźâ€ Are you going to world of wheels Saturday?
@@IsHeadQuarters I need too, haven't decided on a time yet but I probably end up there
Wonderful videoâ€ïžđđđđ„
Thank you đ€
This was my first time seeing your content, and it got you 1 new subscriber. I enjoyed the depth of coverage objective data, not the same olâ fanboy or engine mod/dyno videos. As a former C6-Z06 owner, I applaud GMâs effort to appeal to younger buyers though I am not one of them. It is necessary, otherwise the brand would die along with the corvette traditionalists.
Man those were my almost my exact words to a guy I met at the gas station today. He had a C7 GS and we were talking about the Z06, lack of a true GS and him not fully trusting the E-ray. I was saying the corvette has to evolve and you couldn't let other manufactures keep taking giant steps forward and you sit back and small progressive changes just to keep pricing down. So as they corvette evolved it had to target a different customer base so they didn't get stuck giving the car away.
I had a 2008 C6 Z51 and now a 2024 Z51 and there is no comparison.
I love the C8, I plan to purchase it in the summer of 2025.
I view the situation of being too many different than most. Too many is subjective, just like art. I view the C8 as a hobby that I will be adding to my small collection of working mans cars under 100,000. I will be looking at a 2022 or 2023. You see I already have a mint condition 2018 Sling Shot, bought new with only 1,700 miles also a mint condition 1999 Prowler, only 21,000 miles. a mint condition 2017 Spyder only 1,600 miles and a mint condition 2019 Ryker 1,800 miles.. So you see thease are all my toys and my hobbies. From my perspective too many doesn't even come into play.
By the way my Prowler gets way more looks than the C8, there were only 11,000 total ever made during a five year period.
I love it, BTW the prowler was the one car I always wanted to own and any time I see one in person I gravitate to it..... so I agree it does get more attention!!! You also hit it right on the head, its all about perspective and many people try to force you into their perspective instead of being open to someone elses. The fact that GM has built 141k cars and only 6K are on the market seeking ownership is amazing in its own right. Not to mention its the most corvettes ever made of 1 model and they haven't offered a single rebate to sell any of them. Some times you have to just admit when people do something right, like I tell people when I played sports and someone made a good play even if I was an opponent I still had to give them props because I'm a fan of the game also.... I give credit when credit is due, Thanks for watching and subscribing.
Prowlers are awesome and I am sure you get looks everywhere you go. Must be a joy to drive...!
I looked at aa C8 and decided I wanted a C7 Grand Sport. Bought a mint 2019 in October. Prices on these C7 GS and Z06 seem to be creeping up. Maybe I'm not the only one who doesn't want to move away from a conventional Corvette.
I'm sure you're not, but unless you bought a manual to be more engaged with the driving experience I believe you should've gotten behind the wheels of both. Every person I know that has done that finds it hard to not desire a C8. I had the C7 460hp car in a convertible, loved it! What drew me to the C8 was the hardtop convertible and keeping all the storage space, that is truly a game changer. The min I got my car and got behind the wheel of it, the performance, handling, styling ... the list goes on is all superior to the C7 to me. I felt based off everything that could be offered in a car back in 2016, the C8 made the corvette a true up to date next level experience. Being honest, I've let 38 people drive my car, 26 have bought a C8 after the experience. 10 couldn't afford one if they wanted one, but 9 of them said they want this car. So besides my wife who tries to drive the car every chance she gets and one friend with a C7 Z06 who said it's amazing but not enough to make him upgrade yet. (Now he's admiring the E-ray and we have weekly conversations about what he can turn it into) I've only met one person that truly didn't like it or stated they wouldn't buy one, but I think with him it's more because not cracking the ECU makes it harder to upgrade the performance. Either way the C7 GS is a beautiful car, I wish I would've held out a few months and bought it over my Z51; no to mention I still have friends looking to get one to this day. Enjoy it, DRIVE IT!!!! and thanks for sharing.
I you have a C7, don't let it go wait til you can afford it, and if you want a C8, then get one, best of both worlds.
I can afford a C8 if I wanted one. I'm happy with the Grand Sport. If I need to spend over $100k for a Corvette, I'd rather get a Porsche 911 again.@@javersowens2035
I have c6z06 but c8 z06 beautiful car.
The C6 Z06 is one of the most amazing cars GM has built and to the untrained corvette owner or hater the most under appreciated corvettes ever made. You truly have a hidden GM and one of the best Corvettes ever made!!! Congrats.
Honestly, I think the marketing for the C8 was all wrong from the beginning, but GM messed up by calling that car a Corvette, and them flooding the market. Nothing against Corvettes, but the C8 should have been announced as their first new supercar, and it should have been called something else. It should never have been associated with a Corvette. I love the looks of those cars, but I would never get one (C7, C8 and American Muscle Cars) because they are just too numerous. It greatly diminishes the value regardless of how beautiful they look, or how fast they are. Like Ferrari does with it's new cars, GM should have slowed production down and made the C8 in limited numbers.
I went to a "Cars and Coffee", and it was flooded with C8 and C7 Corvettes. Just like all the Challengers, Chargers, Mustangs, and Camaros, the only visual differences were the color variations. Those cars hardly got any attention. There were two cars at "Cars and Coffee" that garnered the most attention and drew the biggest crowds, especially from the women. LOL! BELIEVE IT OR NOT, it was a 2001 Plymouth Prowler and a Ferrari La Ferrari. A Porsche Carrera GT, a Lexus LFA and an Audi R8 also at Cars and Coffee didn't even get as much attention as the Prowler and La Ferrari. Though they did get far more attention than the Corvettes, Challengers, Chargers, Mustangs and Camaros. I was still shocked, but then I realized how rare it is to see a Plymouth Prowler or a Ferrari La Ferrari on the road today.
I agree with you, because people have a hard time separating the history of the corvette from what this corvette has actually become. GM focus is to make money and chip away at the traditional supercar buyers. Although people feel like the C8 was over produced, it was overly produced so the average corvette owner could get their hands on one. The Z06 and everything with a higher HP coming after is targeted at a higher financial pocket customer. There are a lot of supercar owners who never owned a corvette driving Z06s and saying its a daily drivable supercar. I hear that from so many multiple 1/4 to 1/2 million dollar car owners. The ZR1 and Zora will be outrageously priced and limited production models that will find their ways into more supercar owners garages.
From a financial stand point I have to say they played this well, this car is on the 5th model year and not a single rebate has been offered and it's already the highest volume corvette ever made. Not to mention dealer list are already starting for the ZR1 and there are dealers with 10-20 deposits on that car already with $50k markups. The one thing the cars and coffee always prove to me is people like fast cars and cars you don't see every day. Many people complain about there being so many C8s and Hellcats at the meets but many of the people that complain about the car don't own one and often complain about the price of them. The only thing I ever wanted when I was a kid was the car i desire to own being available for purchase. I look at cars like shoes, just because a lot of people are wearing Jordans, doesn't mean I shouldn't buy a pair if I like them. At the same time I get upset when I can afford a pear and they are sold out.... so I like the fact they are building the cars to the point if you want one you can buy one. There was a point were the Pontiac Grand Prix was a dime a dozen and now you barely see one on the street.... the C8s will fade away or go down as the most iconic car of all time and either way the people that had one will be happy they did.
That spec at 7:02 is just gorgeous
Yes it is!, thanks for watching
Your argument seems flawed. Your research states 141k or so C8's made in 3 total years which far surpasses the C7 7 year run. You say it's because they had a longer 24 run than any before, ok, fair. However who cares. If they had made and sold 100k C8's in 24 they could, they do not care about this car being saturated in the market place as long as they are being sold for close to MSRP. So this car could possibly sell 1/2 million or more and they will be very common place. Again GM does not care nor the guy who gets one for 5k under MSRP. They are not Porsches even though GM took Porsches model of options for the C8...a brilliant move. The first year mystique and YT influencer hype is over. Now they need to fix the transmissions and keep refining the interior.ot
Interesting point of view, well lets dive into the real information. There has been 141k cars made in 5 production years, the C8 production started in 2019 and the first cars hit the streets in May of 2020. For comparison the C7 only ran for six production years and they are closing in on more than 50k more cars produced. You are right GM only cares about the cars being sold for close to MSRP, which is the true point of the video and the only real answer to the question. You can't say the market is flooded with cars if there is still a demand for the car to be produced. The car being common place isn't the focus of the video, but if you live in a metropolitan area that's to be expected. I travel across the country throughout the year and I still get the shock factor in towns 30 miles or more outside of metropolitan areas who average household income is $120k or less. So they still aren't as common as many people like to make it seem they are.
As for the transmission issues, I'm not in the plants or performing the repairs but it was very obvious in their attempts to keep production going they got a bad batch of parts that didn't meet their quality standards when supply chain constraints started affecting the economy. Most of the reported issue went across the first releases of the replacement parts for the C8 transmissions. The problems were almost none existing with the 2020 models and rarely showed up in the 2023 models. Most of the trans problems that get reported today have been categorized as improper break in procedures but of course no consumer wants to believe they are at fault. Just like launching a new Z06 under the suggested 1200 mile break in.
But lets not lose focus typically a car market is considered flooded if you can find 5.5% of the produced cars listed for sale by a dealer in the market place. I showed the numbers just so you could see how the C8 stands up to super cars that people don't believe are over produced and the market isn't viewed as flooded. The pontiac GTO for 2005-2006 on average had 8.4% of the cars made listed for sale. That shows there was no demand for the car at the time especially for the price. Even with $6000 rebates that car still struggled to be sold. The base C8 still has wait lists at several dealers and the cars are still being sold for MSRP. You can't say there's to many on the market when you not begging someone to buy one.
The transmission are Tremec, they are not made by GM
â@@yepyep6916 True, but i guess your statement is in reference to the low quality parts. If you go back and do your research, somewhere back in late 2020 early 2021; corvette production stopped because they ran out of parts to make the transmissions for the cars. They actually stopped production twice because of it, and it was later reported they found another supplier who could manufacture the missing pieces to keep production going. It takes 6 weeks to build a C8, 4-6 days after its completion to get it released for transport and back then once the cars were cleared for transport it was taking 7-11 days to get the car to the dealer and typically 24-48 hrs to get it in the customers hands. Every thing isn't publicly admitted but you can use logic to understand how one thing affects another. 12 weeks after GM shut down production for not being able to build C8s because of part shortages for building the transmissions, GM had a lot of cars go down for transmission issues In 1 week. Over the next 2 to 3 months the issue was reported for thousands of cars.
So if you think logically, it took 3 mos for the 1st car with transmission issue to get reported; how many cars do you think were built with the new supplier parts in the transmission over that time line? I even believe corvette blogger reported back in the midst of the transmission madness, GM was setting out to meet with their transmission supplier for lack of a better word, to perform an audit. Shortly after the transmission failures started going away and the transmissions replacements that were put on hold got new transmissions issued and I haven't heard one owner mention since then the trans has been a problem.
But just sharing some unofficial information with you, while attending Corvettes at Carlisle one of the engineers was asked how could the same transmission be used for the Z06 when there were so many issues and failures with it on the base C8. The response was after the rash amount of transmission failures we brought a large amount of the malfunctioning transmissions in for testing. Covid shut downs has created some unforeseen hurdles and challenges when it comes to production and supplier usage we never dealt with in the past. Our transmissions have been built to our desired specifications with parts that meet or exceed our wear tolerances. We knew we were building more powerful versions of this car and the only way to do that and keep the cost down is... a lot of the production parts have to be transferable from one version of the car to the next. They know the transmissions can handle what ever is thrown at it by the Z06. You even heard the chief engineer Tadge say during the corvette Z06 reveal, Emilia discovered the base C8 transmission could handle a lot more horse power than GM initially let on to the public. So with all that information available and the engineers comments I think its logical to conclude there were transmissions built with parts that didn't meet GM's wear tolerances or maybe I'm wrong. But I know I'm not because it has been unofficially confirmed. Also check into what Callaway is doing with the base C8 and see how they are putting more horsepower than the Z06 and getting more torque out of that same transmission that so many uneducated people claim is no good.
â @@ICNVDEFacebook has groups showing C8 @ close to invoice and an occasional Z06 at msrp.
@@ICNVDE âŠTremec also makes the DCT transmission for the Mustang Shelby GT500, Iâm curious if they are having similar issues.
Or maybe the people that dont like em just dont like em. đ€ i like em but id never say a person doesnât like em bcuz they cant obtain one. U use the 'hate' word too loosely. Opinions does not equal hate. We use the word hate as loosely as we use the word 'goat'
I think I hit a nerve , the video was built around actual conversations, messages and post I've been apart of. I attend corvette shows across the country and for the past 3 years. I've been to well over 29 corvette specific car shows and have some of the same people in 2021, 2022 and spring of 2023 say the C8 isn't a real corvette, no stick shift means a 8!+c#3$ car and the comments go on and on. I've got people that said they refuse to buy a C8 until they got rebates on video, but long story short so many people that said they wouldn't buy a C8 that own them now to people still complaining about pricing saying they will never pay MSRP for a corvette. You can tell hate when you see people's reactions, hear the tone of their voce and read the words and verbiage people use. I will never say their isn't people who don't like the car, but when you say I will never buy the fake Ferrari, a mid engine corvette isn't a corvette and so much more only to come back and own one and say its the best car you've ever owned.... need I say more?
My biggest point about the video and why I say its hate is, when you have a conversation on why you think it's not a good vehicle to buy and you list things from 2nd hand information that you never experienced that's a red flag. Then you bash the car for design, engineering, performance and so forth only to finish your argument with "i would consider it but since GM hasn't done anything to prevent the price gouging, I'm not paying over MSRP for a car." Then you start calling everyone that did an idiot, I'm sorry that's hate to me and when you talk to a vast majority of the people who complained about this car, they typically end up back to the point of how much someone paid for the car. SO its really not about the car but about the fact someone was willing to pay more money than they were helping keep the car out of their budget.
Man, I liked your video, but it sounds like a dude is trying to hold on to his hopes. I am actively looking to purchase a C8 corvette and the dealers, are offering as much as 5k below MSRP, before negotiation. As of last month. I think that by 2026, there will only be c8s and teslas on the road. Seriously tho, this is a gorgeous car, that is attainable for a whole lot of people. Fun to drive and comfortable to boost. Calling a 2 door, 70k+ car a bargain is stupid, but it is a very good deal for those with the means. But dude, this is not a super car or even a borderline super car. It might look like one and perform like one, but it ainât one. This is like saying a G shock can tell time better than a Rolex but you canât really compare those two can you. Buy a G shock if you like them or buy Rolex if can and want them. Just donât call a G shock a budget Rolex.
Thanks for watching the video, not quite sure about the holding on to his hopes. I hope you find the right car and deal that works best for you. The market is shifting but it's still very manipulative as well. Dealers can advertise anything but keeping the price they advertised available for you to actually purchase it at is a completely different topic and so many have run into that issue. So if you can find a car at $5k below today and negotiate more off it then target that car. I have relationships and speak to many people in the car sales business to understand most of it is marketing ploys and people who never try to buy the car or understand what's happening are the ones most uninformed and speaking on things they truly don't know about. I see your point about the $70k, but I disagree. The reason why I disagree is a Base corvette stingray is a better option than a base 911 or 911 Carrera S. Simply because it has a chevy badge and is a corvette many people want to lower the value based off the name. I get it because its the same as same a Genesis is a Hyundai. For what you are getting for the cost of a new corvette $70k is a bargain and since it's allowing more average consumers to own one, the specialness off the car is getting down played because people want to feel special and exclusive. The C8 owner and potential buyers are a funny breed, many talk negative about the car because of the history of the name. I've never seen so many people that self sabatoge or degrade something because they can afford it. The definition of a supercar is built around the stock performance a vehicle performs at based around racing demographics. The base C8 is truly and entry level supercar based off its performance numbers. Too many people believe a super car has to be rare, rareness is covered with the word exotic, and that's why several cars are listed as an exotic supercar. When you have "supercars" that put out less horse power and similar or less performance than a C8, how do you honestly consider that car a supercar because it doesn't have large production numbers and say the corvette isn't because it does. When you look outside the United States, the C8 corvette is considered one of the best supercars on the market, leave it to Americans to devalue something that is home made.