The alleged $169,900 Chevrolet

Corvette Forum asks:

It’s safe to say that no car in recent history has been more hyped up and talked about than the forthcoming C8 Corvette. But that’s what happens when you’re allegedly taking an American icon and changing the entire drivetrain layout. Thus, we’ve been awash with more rumors and conjecture than usual in regards to Chevy’s radical new Corvette. The latest of which popped up right here at Corvette Forum recently. And it’s safe to say that you probably won’t like it.

“$169,900 is a go,” said Zerv02“If you’re in the under 100k camp, you will be disappointed. Let the madness ensue.”

Now, if you’re a regular around these parts, you already know that this is the same member who allegedly saw the C8 Corvette interior with his own eyes. Then, he shared a sketch and some additional info about it with us. This claim, however, is more than a little shocking. Especially for those who believe the Corvette will continue its position as a value-priced supercar. And most people just aren’t buying it. Starting with f-16pilotTX.

“I love all the contributions you shared with us Zerv02. But with all of the other evidence and credible sources, I just can’t see that happening, brotha.”

Others, like fasttoys, point out the many obvious problems this price point would present for GM.

“Lol I am out!!!!! Good luck GM. Zerv, you’ve lost your mind. If you’re correct, GM has lost their mind. Not buying a Chevrolet for 169k. I can buy a pre-owned 2017 Mclaren 570S for $145k with less than 4k miles and with a 3-year unlimited mile warranty. I can buy an Audi R8 for under that price. That is a hand-built car with a hand-built V10. Even the Viper was hand-built and came in at just $100k.”

Others, including Corvette ED, don’t necessarily see a problem with it. That is, of course, if this is the price of the range-topping version with world-beating performance.

“For the top-of-the-line 1,000 hp car, that price would be good. I see the base mid-engine car having a starting price of $65,000.”

And in that regard, it makes a little more sense, especially if GM is aiming to go up against the best the world has to offer in terms of performance. Which is what the OP believes will be the case.

“This will be a global car. An American GT to compete/rival the likes of Porsche, McLaren, the Italians, ect.”

In that regard, a high price makes a little more sense. If Chevy wants to build a halo car similar to the Ford GT, they could certainly do so and charge a hefty premium. In limited numbers, it would most certainly sell out, as the GT did with no issue.

Corvette Forum asked for opinions, and got them (abbreviations, misspellings and bad grammar not corrected):

  • My personal opinion is keep it do able for the common gm fan that being said tho is its it not time to evolve into what checy/gm is as a big name every type of race winner and it’s already proven in drag racing drifting etc but it’s not world renoun like Ferrari or McLaren l. What best way to that build a hyper car and disimate all that gonna cost a lot because r and d isnt cheap so if I pay that much I expect to get that much if u no what I mean
  • If GM decides that the C8 will be it’s only offering to the public and the price tag is on average 100k+, they can begin plant closing 6 months after the “kids” have their new toys.Just watch!
  • No closings due to $100k+ ZR1 and near-100k, Z06. In ’19, pricepoint won’t make a significant difference. Look at Harley. (2019 CVO is $44k.) Their issues are due to a vanishing demographic and Snowflakes’ inability to afford or even appreciate their products. (This phenomenon is killing Vettes too.) IMO, GM will continue with loss-leader C-8s at $60-$100k. The ZR1 will be “Holy Shit” high but, within a year, begin trickling down to relative affordability.
  • I believe GM has the ability to flatten the competition…..all of them…. at a reasonable price. But what is reasonable for a corvette? 165k ish? So be it. Holden/GM laid the smackdown on the 5 series with the G8. Apples and oranges i know, but i see i terrace type as its always been the last 20 years. You will be able to get 80% of the performance at 50% of the top tier cost with aftermarket close behind the lower performance optioned C8’s
  • I agree with you GM could lay the smack down but guess what ? a Lambo or Ferrari buyer will NEVER EVER buy one, they are filthy rich and the Corvette is a cheap car to them no matter where the engine sits or what the price is. I am a Corvette man no doubt about it but i win a couple of millions and guess what an real exotic will be sitting in my garage not a Corvette.
  • If GM has to make a mid-engine hyper-prized supercar with small production numbers, let them. But leave the Corvette out of it. In the real world, supercars dont exist, meaning most of us can never have them. Wanting what you cant have is a waste of dream. And keep the damn engine in the front where it should be, letting the drivers ass sit on the back wheels. Its a sportscar.
  • after working for GM 27 years, I can say they can make as much money mass producing the Corvette than putting a high dollar price tag that no one can afford, base will be $65,000
  • Also did work at GM for 27 years and am a fan of Sloan’s vision. Looking at the whole GM, I don’t see Corvette being their most expensive product. There’s already a disconnect having Corvette within Chevrolet, THE Corp’s volume brand. Then, GM should reinforce Cadillac as its premium brand. Cadillac cannot sustain its leadership image around the World with recent products, however good they may be: basically everyone is “good” today, and some relatively newcomers really excellent. The brand needs much more: it would need the Cien, the Ciel, even the Sixteen; those should sell in tiny volumes at very high prices and should not have to be individually profitable: a very difficult exercise for GM! But then, desirability of the brand will go up, and pull the upper half of GM’s lines, including Corvette.
  • Based on these photos I have no lust in my heart for the C8, no matter how well it drives. Hopefully they work out the shape because as shown it’s atrocious.
  • It looks great but $170 thousand, plus tax makes this pretty close to $200 grand. I guess we can all kiss Corvettes goodby! I guess that Corvettes will soon be a thing of the past. If 95% of the peple in this country can’t afford to purchase one then I’m sure GM will shut down production pretty fast. I have had one from every gen but 4 and I guess I won’t have one from 8.
  • I worked at GM for 39 years and I’ve learned in that time that upper management is disconnected from the everyday reality of the common man who is the Corvette buyer . The Corvette shoud remain a RWD car at a price that the common man can someday afford . This new model should have been moved to the Caddy lineup . There they might find buyers willing to part with close to 200 Grand for a car and sales tax’s .
  • I suspect that the majority of us Corvette enthusiasts bought our cars used…and at a fraction the new car price. Doesn’t mean we would not have bought a new one, but at some point family finances take over. I predict that a $170K Corvette would sell about 1/10th of the volume of the C7s (including all variants). With that few new C-8s out there, a large number of Corvette enthusiasts will be disappointed by the dirth of available used C-8 inventory and, possibly, move on to other brands/products. I don’t think that’s what GM wants…to effectively destroy the brand through its exclusivity. I think it possible that Corvette will either launch a “C-8 Corvette lite” or continue/further evolve the C-7 so that the C-8 could stand on its own as a Ford GT fighter and the rest of us could drive our favorite mark while dreaming of the day when we could step into a used C-8. Just my thoughts.
  • OK, If you got the bucks. The number of buyers is being cut down every year as the price keeps going up up up.
  • GM got bailed out by the US Government once, after that you can bet that GM will not subsidize a loss product again (ie SSR, Pontiac etc)., especially a marquee name like Corvette! Considering a 1LT msrp is around 60k and then there are 4-5 more expensive models after that up to 120k you have to look at the sales numbers and determine which category this new car needs to be in. While I like the Z06, I bought a new 1LT and added Z06 wheels and can’t be happier. Now I keep my cars, I have my original 92 and my original 05 SSR. So it will be exciting to see what comes out and their idea of an entry price. But you know if they do look good, you will not be able to get one for MSRP until 2021 as they will all be sold above MSRP just like the 2014 C7 were.
  • A Corvette that isn’t attainable isn’t a Corvette. The car should be built but it should be a Cadillac. Keep the Vette for the masses, elevate (and perhaps save) GMs most iconic brand with a Caddy super car! 

I suspect that never in the history of the Corvette have there been so many negative reactions to a proposed new Corvette. If anyone at GM had a decent respect for the opinions of mankind — assuming these rumors are true, and you know what’s said about rumors — GM management would be concerned.

For that matter, those who love Corvettes should be concerned. The great thing about the fifth-generation Corvette — and if you’re looking for a Christmas present for your favorite blogger may I suggest …

… is that it is neither as mechanically complicated (front-engine rear-drive V-8 powered) nor as expensive nor as fussy as exotics that may deliver more performance but can’t really be used as daily drivers. GM has not built a mid-engine car since the Pontiac Fiero in the 1980s, so given GM’s quality reputation one should be suspicious it can pull this off, particularly given GM’s current problems. And given that GM makes money on every Corvette it makes now, a phrase about not fixing what isn’t broken comes to mind.

As I’ve extensively documented here before, the Corvette might be the best performance bargain in the entire world, but not so much north of $100,000. Even with tires not recommended for use below 40 degrees, a Corvette that breaks down can still be fixed at one of the thousands of Chevy dealers in this country. That statement does not apply to Porsches, Ferraris or Lamborghinis.

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