Price of a new Z06
Discussion
We're in a window of opportunity right now because soon, there will be price increases to resolve the collapse in the Pound/Dollar/Euro exchange rate.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Edited by Le Man on Monday 5th January 17:38
Le Man said:
We're in a window of opportunity right now because soon, there will be price increases to resolve the collapse in the Pound/Dollar/Euro exchange rate.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Very useful - thank you DavidThe cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Edited by Le Man on Monday 5th January 17:38
GM must be living in a parallel universe !
Yes,I know the Dollar/pound situation but when nearly all the manufacturers selling cars in the country are giving/caving in to unprecedented discounts,what makes GM think that they can blithely buck the trend here just 'cos the dollar is stronger ?
Corvettes,wonderful as they are,don't really compete with a(tiled)roof over your head !
Oh Dear,pass the box of coffin nails please.
Has Gordon Brown got a directorship nobody has told us about,or have I missed something ?
All the padded cells must be full (no surprise as all the brick-lined ones are)
Don't get me wrong,if any car should be deservedly successful in this country,it's the Corvette,best value supercar in the world,and the one that make the most sense on a day to day basis.
But common sense at the moment is a house and a M*ndeo
Damn !!!!!
Yes,I know the Dollar/pound situation but when nearly all the manufacturers selling cars in the country are giving/caving in to unprecedented discounts,what makes GM think that they can blithely buck the trend here just 'cos the dollar is stronger ?
Corvettes,wonderful as they are,don't really compete with a(tiled)roof over your head !
Oh Dear,pass the box of coffin nails please.
Has Gordon Brown got a directorship nobody has told us about,or have I missed something ?
All the padded cells must be full (no surprise as all the brick-lined ones are)
Don't get me wrong,if any car should be deservedly successful in this country,it's the Corvette,best value supercar in the world,and the one that make the most sense on a day to day basis.
But common sense at the moment is a house and a M*ndeo
Damn !!!!!
Le Man said:
We're in a window of opportunity right now because soon, there will be price increases to resolve the collapse in the Pound/Dollar/Euro exchange rate.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
So how does this make sense?The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Edited by Le Man on Monday 5th January 17:38
£55,000 at an average exchange rate for last year of 1.85 = $29,730
£55,000 at todays exchange rate (1.46) means they are now getting $37,670 for the same car so why the further increase of between 3 and 11%?
G
Funny GM never reduced the price a few years ago when the euro was great to buy you car in Europe. And we never got the cars reduced to half price when states dollar rate was more than 2 to 1 last year! GM will just not sell anymore cars and have to reduce them again end of this year.
VetteG said:
Le Man said:
We're in a window of opportunity right now because soon, there will be price increases to resolve the collapse in the Pound/Dollar/Euro exchange rate.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
So how does this make sense?The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Edited by Le Man on Monday 5th January 17:38
£55,000 at an average exchange rate for last year of 1.85 = $29,730
£55,000 at todays exchange rate (1.46) means they are now getting $37,670 for the same car so why the further increase of between 3 and 11%?
G
You're working on the assumption that we see the benefit of the currency fluctuations, which we sadly don't. When a car has a U.K. list price, dealer margins are calculated in percentages derived from the list price, so the margin is fixed. Therefore we pay GM for cars in GBP not Euros.
I covered the point about price increases and sales in the U.K. on another thread, as essentially sales in the U.K. are small so there's no point GM selling cars at a loss when the market for them on the continent is much larger than here. They are still the same vehicles sold here as on the continent, the headlights are changed according to their end destination.
I covered the point about price increases and sales in the U.K. on another thread, as essentially sales in the U.K. are small so there's no point GM selling cars at a loss when the market for them on the continent is much larger than here. They are still the same vehicles sold here as on the continent, the headlights are changed according to their end destination.
Some folk have the wrong end of the stick.If the Pound devalues against the Dollar then,effectively,the price goes up.
Fair enough,but market forces I.E affordability will prevail.
It doesn't matter to the majority what the exchange rate happens to be,what matters is how much you have to part with to buy what you want.
At present the average Joe is feeling rather skint so he will keep his money or rather not expose himself to credit.
The enticement to spend is value for money,if GM put the prices up they may as well mothball the idea until things are percieved as better.If not,they are wasting their money (Or rather Obamas)
Fair enough,but market forces I.E affordability will prevail.
It doesn't matter to the majority what the exchange rate happens to be,what matters is how much you have to part with to buy what you want.
At present the average Joe is feeling rather skint so he will keep his money or rather not expose himself to credit.
The enticement to spend is value for money,if GM put the prices up they may as well mothball the idea until things are percieved as better.If not,they are wasting their money (Or rather Obamas)
v8yea said:
Some folk have the wrong end of the stick.If the Pound devalues against the Dollar then,effectively,the price goes up.
Fair enough,but market forces I.E affordability will prevail.
It doesn't matter to the majority what the exchange rate happens to be,what matters is how much you have to part with to buy what you want.
At present the average Joe is feeling rather skint so he will keep his money or rather not expose himself to credit.
The enticement to spend is value for money,if GM put the prices up they may as well mothball the idea until things are percieved as better.If not,they are wasting their money (Or rather Obamas)
Surely the opposite is true, the dealers are not selling cars so like other high street retailers they should be discounting. Aside from that GM are cash starved and they are getting significantly more USD for there product this year as against last year in UK, so where is the sense in it, unless of course its lets rip of Britain agin time!Fair enough,but market forces I.E affordability will prevail.
It doesn't matter to the majority what the exchange rate happens to be,what matters is how much you have to part with to buy what you want.
At present the average Joe is feeling rather skint so he will keep his money or rather not expose himself to credit.
The enticement to spend is value for money,if GM put the prices up they may as well mothball the idea until things are percieved as better.If not,they are wasting their money (Or rather Obamas)
G
Corvettes start from about the same price as Porsche Caymans in the UK.
That isn't bad value is it?
The cooking C6 manual is currently for sale under £40,000.
It has the power and performance to match a Ferrari 512TR and I was selling those for over three times this price years ago.
It also has better handling, roadholding and brakes.
It offends me, as a car enthusiast, a consumer, and a taxpayer that Europeans are paying more than Americans, whatever car they choose to buy.
In Britain, we are now able to export Corvettes into the Euro zone which demonstrates some measure of advantage right now.
In the USA, prices and wages are much lower on average than those we experience.
I'm not a conspirator in a global price fixing cartel, I'm a shopkeeper.
Right now, the imbalance which gets quite a lot of coverage here, isn't quite as marked as usual.
It also needs remembering that we get a fairly high standard of specification when compared the the US "bobby-basic" spec.
A sportscar is the last thing anyone needs and the first thing that people can do without, but, many are unaffected by the credit crunch save for having to work harder to maintain their standard of living.
Setting out with a goal or an ambition, there has to be some reward or incentive, and for many,that reward takes the form of a nice car.
We are lucky enough to meet and do business with many people who, by virtue of hard work and a measure of good fortune, are able to live their dreams.
I'd like them to cost less because it's a basic truth that more people have less money and less expensive goods sell in larger quantities.
When it comes to fighting for prices to be more competitive, I am very near the frontline, but, for relatively small volumes of sales, Corvette owners enjoy a full sales, service,technical, parts, and warranty back-up, the cost of which, along with import duty and type approval, has to be borne by the customer.
The margins, at the current price levels are low, and, as I said in my initial response to Zapbrannigan, I do genuinely believe that we, and by that I mean the buyers, are in a window of opportunity.
That isn't bad value is it?
The cooking C6 manual is currently for sale under £40,000.
It has the power and performance to match a Ferrari 512TR and I was selling those for over three times this price years ago.
It also has better handling, roadholding and brakes.
It offends me, as a car enthusiast, a consumer, and a taxpayer that Europeans are paying more than Americans, whatever car they choose to buy.
In Britain, we are now able to export Corvettes into the Euro zone which demonstrates some measure of advantage right now.
In the USA, prices and wages are much lower on average than those we experience.
I'm not a conspirator in a global price fixing cartel, I'm a shopkeeper.
Right now, the imbalance which gets quite a lot of coverage here, isn't quite as marked as usual.
It also needs remembering that we get a fairly high standard of specification when compared the the US "bobby-basic" spec.
A sportscar is the last thing anyone needs and the first thing that people can do without, but, many are unaffected by the credit crunch save for having to work harder to maintain their standard of living.
Setting out with a goal or an ambition, there has to be some reward or incentive, and for many,that reward takes the form of a nice car.
We are lucky enough to meet and do business with many people who, by virtue of hard work and a measure of good fortune, are able to live their dreams.
I'd like them to cost less because it's a basic truth that more people have less money and less expensive goods sell in larger quantities.
When it comes to fighting for prices to be more competitive, I am very near the frontline, but, for relatively small volumes of sales, Corvette owners enjoy a full sales, service,technical, parts, and warranty back-up, the cost of which, along with import duty and type approval, has to be borne by the customer.
The margins, at the current price levels are low, and, as I said in my initial response to Zapbrannigan, I do genuinely believe that we, and by that I mean the buyers, are in a window of opportunity.
VetteG said:
Le Man said:
We're in a window of opportunity right now because soon, there will be price increases to resolve the collapse in the Pound/Dollar/Euro exchange rate.
The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
So how does this make sense?The cars in stock in Britain right now list on the discounted price list for 2008 models at £54,990 plus extra costs for metallic paint, navigation, and polished wheels if you want them.
GM have told us to expect revisions of between three and eleven per cent in the very near future.
The 2009 Z06 lists at £60,788.40 plus extras.
Edited by Le Man on Monday 5th January 17:38
£55,000 at an average exchange rate for last year of 1.85 = $29,730
£55,000 at todays exchange rate (1.46) means they are now getting $37,670 for the same car so why the further increase of between 3 and 11%?
G
£55k @ 1.85 = $101.75k
£55k @ 1.46 = $80.3k
So (relatively speaking) they have over $20k to make up, and a 3-11% price rise sounds quite reasonable. But it won't help a situation where they're not sellimg as many as the product deserves.
cheeky said:
er... because £1 is bigger than $1!
£55k @ 1.85 = $101.75k
£55k @ 1.46 = $80.3k
So (relatively speaking) they have over $20k to make up, and a 3-11% price rise sounds quite reasonable. But it won't help a situation where they're not sellimg as many as the product deserves.
You probably drive on the left side of the road as well. £55k @ 1.85 = $101.75k
£55k @ 1.46 = $80.3k
So (relatively speaking) they have over $20k to make up, and a 3-11% price rise sounds quite reasonable. But it won't help a situation where they're not sellimg as many as the product deserves.
VetteG said:
Surely the opposite is true, the dealers are not selling cars so like other high street retailers they should be discounting. Aside from that GM are cash starved and they are getting significantly more USD for there product this year as against last year in UK, so where is the sense in it, unless of course its lets rip of Britain agin time!
G
There's an old saying,"Turnover for vanity, profit for sanity". Selling goods isn't what keeps a business alive, that is the purpose of profit. GM sold just short of 10 million cars around the world last year but that hasn't helped its fortunes, the issue being its net profit. Therefore selling cars at a loss in the U.K. isn't going to help its fortunes.G
To raise another point, discounting is bad for car-makers and customers alike. Consumers think they're getting a good deal but all they've done is reduce the residual value of what they have bought for years to come. Its not much of a secret that one of the core reasons for Mini's residual strength is that nobody has seen more than a £500 discount on one. People don't haggle with their newsagents or high-street retailers, so what makes the motor trade so much different?
Just my point of view of course.
flemke said:
cheeky said:
er... because £1 is bigger than $1!
£55k @ 1.85 = $101.75k
£55k @ 1.46 = $80.3k
So (relatively speaking) they have over $20k to make up, and a 3-11% price rise sounds quite reasonable. But it won't help a situation where they're not selling as many as the product deserves.
You probably drive on the left side of the road as well. £55k @ 1.85 = $101.75k
£55k @ 1.46 = $80.3k
So (relatively speaking) they have over $20k to make up, and a 3-11% price rise sounds quite reasonable. But it won't help a situation where they're not selling as many as the product deserves.
mitch_ said:
VetteG said:
Surely the opposite is true, the dealers are not selling cars so like other high street retailers they should be discounting. Aside from that GM are cash starved and they are getting significantly more USD for there product this year as against last year in UK, so where is the sense in it, unless of course its lets rip of Britain agin time!
G
There's an old saying,"Turnover for vanity, profit for sanity". Selling goods isn't what keeps a business alive, that is the purpose of profit. GM sold just short of 10 million cars around the world last year but that hasn't helped its fortunes, the issue being its net profit. Therefore selling cars at a loss in the U.K. isn't going to help its fortunes.G
[
I'm not a conspirator in a global price fixing cartel, I'm a shopkeeper.
Setting out with a goal or an ambition, there has to be some reward or incentive, and for many,that reward takes the form of a nice car.
We are lucky enough to meet and do business with many people who, by virtue of hard work and a measure of good fortune, are able to live their dreams.
I'd like them to cost less because it's a basic truth that more people have less money and less expensive goods sell in larger quantities.
When it comes to fighting for prices to be more competitive, I am very near the frontline, but, for relatively small volumes of sales, Corvette owners enjoy a full sales, service,technical, parts, and warranty back-up, the cost of which, along with import duty and type approval, has to be borne by the customer.
The margins, at the current price levels are low, and, as I said in my initial response to Zapbrannigan, I do genuinely believe that we, and by that I mean the buyers, are in a window of opportunity.
I agree with everything that Le Man says;
But in doesn't change the fact that there will be less people,not more ,in the marketplace.
A 3-11% increase will not change much as regards sales volume,it will just decrease the likelyhood of an increase.
It also doesn't change the fact that the hard working successful people got there through prudence in lean times and I would think twice about a £65k car at the moment,wether I could afford it or not.
Thats why these people have been successful in the long term.
Everytime somebody tells me I am lucky with my lifestyle I tell them;
The harder I work,the luckier I get..........
[/quote]
I'm not a conspirator in a global price fixing cartel, I'm a shopkeeper.
Setting out with a goal or an ambition, there has to be some reward or incentive, and for many,that reward takes the form of a nice car.
We are lucky enough to meet and do business with many people who, by virtue of hard work and a measure of good fortune, are able to live their dreams.
I'd like them to cost less because it's a basic truth that more people have less money and less expensive goods sell in larger quantities.
When it comes to fighting for prices to be more competitive, I am very near the frontline, but, for relatively small volumes of sales, Corvette owners enjoy a full sales, service,technical, parts, and warranty back-up, the cost of which, along with import duty and type approval, has to be borne by the customer.
The margins, at the current price levels are low, and, as I said in my initial response to Zapbrannigan, I do genuinely believe that we, and by that I mean the buyers, are in a window of opportunity.
I agree with everything that Le Man says;
But in doesn't change the fact that there will be less people,not more ,in the marketplace.
A 3-11% increase will not change much as regards sales volume,it will just decrease the likelyhood of an increase.
It also doesn't change the fact that the hard working successful people got there through prudence in lean times and I would think twice about a £65k car at the moment,wether I could afford it or not.
Thats why these people have been successful in the long term.
Everytime somebody tells me I am lucky with my lifestyle I tell them;
The harder I work,the luckier I get..........
[/quote]
Well you hit the nail on the head there about people would think twice even if they have the money. Probably half the reason for this is this wave of pessimism that engulfs this country.
You could honestly be doing well but these "finacial journalists" (sorry I have very little time for these so-called experts as they didn't predict any of the current problems with banks / credit but the y all have an expert opinion now. Funny that, hindsight...) are talking like we're at the end of the world.
Some idiot ran a colum on UK MSN yesterday about how house prices are going down big time and "it's not worth buying unless you get 50% off the asking price" and do you know something? Judging by the number of people with their heads buried in the pages of the Metro on the tube they're probably swallowing all the
these idiots are giving them.
Anyway I would imagine that cars like Corvettes will suffer as they are a bit of a luxury rather than a necessity but I always say "if you can afford one, get it." Predictable but you know it makes sense.
The other day I was talking to friends - fellow Vette-heads to be exact - and I said "I wish I hadn't tried to do something for my future by 'investing' money and buying a house which was more than I could afford, in a vain effort to come out ahead some time. I could have (and should have) bought a Z06. And now my favourite car is more out of reach than it ever was...
P.S. Anyone feeling sorry for me can organise a "Z06 collection for Malc" It would be most appreciated!
You could honestly be doing well but these "finacial journalists" (sorry I have very little time for these so-called experts as they didn't predict any of the current problems with banks / credit but the y all have an expert opinion now. Funny that, hindsight...) are talking like we're at the end of the world.
Some idiot ran a colum on UK MSN yesterday about how house prices are going down big time and "it's not worth buying unless you get 50% off the asking price" and do you know something? Judging by the number of people with their heads buried in the pages of the Metro on the tube they're probably swallowing all the
these idiots are giving them.Anyway I would imagine that cars like Corvettes will suffer as they are a bit of a luxury rather than a necessity but I always say "if you can afford one, get it." Predictable but you know it makes sense.
The other day I was talking to friends - fellow Vette-heads to be exact - and I said "I wish I hadn't tried to do something for my future by 'investing' money and buying a house which was more than I could afford, in a vain effort to come out ahead some time. I could have (and should have) bought a Z06. And now my favourite car is more out of reach than it ever was...
P.S. Anyone feeling sorry for me can organise a "Z06 collection for Malc" It would be most appreciated!
Edited by malc350 on Tuesday 6th January 08:57
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