RE: Corvette gets 2022MY update

RE: Corvette gets 2022MY update

Author
Discussion

A7DUO

64 posts

232 months

Saturday 12th June 2021
quotequote all
I love the idea of this Corvette (at US $prices) - but by the time you pay the premium for RHD, 'UK Spec' and import duty - I'm afraid I'd have to have a GT4 as the much better driver's car. However I will keep an eye on used prices of the RHD C8 in future as the engine will be easily tunable to release some epic performance for the money once the initial premium/novilty price wears off - but I expect they will hold their value well once they are here in RHD trim depending on the numbers coming in like the Mustang. I do hope we see as many C8s on the road in the UK as we do Mustangs now as its an interesting alternative if used prices become good due to numbers available. The Americans' are so lucky with their $prices on this Corvette, Mustang, Challengers, Chargers etc and other things are are great performance vehicles at moderate prices state-side. Sadly they will always feel a bit steep for what they are £new in the UK, and subsequently inferior to Germany's performance offerings as a result.

Myvette1

34 posts

56 months

Saturday 12th June 2021
quotequote all
A7DUO said:
I love the idea of this Corvette (at US $prices) - but by the time you pay the premium for RHD, 'UK Spec' and import duty - I'm afraid I'd have to have a GT4 as the much better driver's car. However I will keep an eye on used prices of the RHD C8 in future as the engine will be easily tunable to release some epic performance for the money once the initial premium/novilty price wears off - but I expect they will hold their value well once they are here in RHD trim depending on the numbers coming in like the Mustang. I do hope we see as many C8s on the road in the UK as we do Mustangs now as its an interesting alternative if used prices become good due to numbers available. The Americans' are so lucky with their $prices on this Corvette, Mustang, Challengers, Chargers etc and other things are are great performance vehicles at moderate prices state-side. Sadly they will always feel a bit steep for what they are £new in the UK, and subsequently inferior to Germany's performance offerings as a result.
Inferior? Maybe interior, performance, just a couple of top end 911's are slightly quicker than c7 z06, zr1 so not sure what you mean there

A7DUO

64 posts

232 months

Sunday 13th June 2021
quotequote all
Point taken - my point is C8 needs to be celebrated (IF they price it right in the UK), they've already cracked it in the US - and I'm talking about a Cayman GT4 in the "handling stakes", simply because its about the same price as the proposed C8 RHD. It depends what type of driving you like of course, but at £70-£120k there is a lot of competition for a car like the C8, Lotus's Exige and Evora, BMW's M Series Competition range, and extreme lightweights like Atom4 and Caterham620R - all of which would run rings around your average Vette on a track day or twisty mountain road unless you had some very long straights at some point. But of course few of the alternatives offer the sub-supercar presence, practicality & everyday usability of the C8. All 'Vettes are great cars and their glorious place in racing and road car history is well known. There is also one thing we probably all can agree on - the next chapter in Corvette history is going to be very interesting to watch as its looking like they've knocked the ball out of the park with creation of a RHD C8 for us Brits. in future

Edited by A7DUO on Sunday 13th June 11:37


Edited by A7DUO on Sunday 13th June 11:39

SidewaysSi

10,742 posts

234 months

Sunday 13th June 2021
quotequote all
I don't see the appeal of this. Looks like a dog's whatsit, probably will be hugely expensive in the UK (anything over £65k will kill it IMO). And probably won't be that amazing to drive in comparison to the opposition.

Unless of course you are the type who likes to talk about "big block", "small blocks" and "service intervals" with anyone you meet.

The previous gen car was much more desirable than this. Shame as the US is creating some cracking cars these days.

hungry_hog

2,243 posts

188 months

Sunday 13th June 2021
quotequote all
WonkeyDonkey said:
Do Porsches really hold their values in a normal world? Outside of covid shortages and special editions I thought your normal 911's and Caymans depreciated at a rather standard rate.

I'd expect this Corvette to take an initial dive but hold its value rarely well. I'd be surprised if these were cheaper than an equivalent carrera at 5 years old.
percentage wise they do

what would a base 991 Carrera have been back in 2012 - 85k?

Now a decent one is what - 45k?

I'd say % wise, it's good, obviously 40k is a lot of cash

A7DUO

64 posts

232 months

Sunday 13th June 2021
quotequote all
Exactly. and some good food for thought there on residual values and comparisons with Porsche which are also pretty overrated in standard form in a lot of cases and can be increadibly expensive to run (my 993 series car used to return about 14mpg on Super - and not a lot of people realise how thirsty some can be) and for the same reason I would not buy a 911 after the 991 series 'narrow 'ish bodied' cars - I fear the C8 might be a bit big for UK roads, but you tend to expect a US car to be pretty sizeable, its just a shame the rest of the world has got bloated too.

However, coming from the Lotus world originaly - I love the layout of the C8 as is like my Elise but with a very tunable V8 in the back and relatively cheap and available GM parts - potentially what's not to love? (again if the handling and price is right). I do agree with you though - I think RHD C8 will hold its value as well as any (non GT) 911 in future as GM are offer something that is hard to find in the UK - a reliable mid-mounted V8 sports car for under £100k

SidewaysSi

10,742 posts

234 months

Sunday 13th June 2021
quotequote all
A7DUO said:
Exactly. and some good food for thought there on residual values and comparisons with Porsche which are also pretty overrated in standard form in a lot of cases and can be increadibly expensive to run (my 993 series car used to return about 14mpg on Super - and not a lot of people realise how thirsty some can be) and for the same reason I would not buy a 911 after the 991 series 'narrow 'ish bodied' cars - I fear the C8 might be a bit big for UK roads, but you tend to expect a US car to be pretty sizeable, its just a shame the rest of the world has got bloated too.

However, coming from the Lotus world originaly - I love the layout of the C8 as is like my Elise but with a very tunable V8 in the back and relatively cheap and available GM parts - potentially what's not to love? (again if the handling and price is right). I do agree with you though - I think RHD C8 will hold its value as well as any (non GT) 911 in future as GM are offer something that is hard to find in the UK - a reliable mid-mounted V8 sports car for under £100k
But how many Brits want a £100k GM? Agree residuals will probably be strong partly due to limited supply in the used market as they won't sell many new.

A7DUO

64 posts

232 months

Sunday 13th June 2021
quotequote all
True that - makes a VX/Holden Monaro look a bit of a bargain in comparison - as many have suggested above - the UK price tag will kill probably the C8 in our market and only the hard nosed Vette fans who own cars in the UK already will dive in with new orders. However, if Ford can hide behind the Mustang badge with their offerings, I am sure Vauxhall will increase its appeal with the Corvette badge quite a bit. I wonder what tuned variants will emerge ZR versions and aftermarket tuners like Lingenfelter used to do to good effect in the US, although in the UK it will be interesting once Litchfield get their hands of a C8.

ManyMotors

643 posts

98 months

Monday 14th June 2021
quotequote all
Dr Interceptor said:
ManyMotors said:
It also has run flats. But they are nearly impossible to get anywhere.
Front: https://www.mytyres.co.uk/rshop/tyre/Michelin/Pilo...

Rear: https://www.mytyres.co.uk/rshop/tyre/Michelin/Pilo...

There you are sir, your problems solved.

Edited by Dr Interceptor on Friday 11th June 15:54
Thank you but I think you took my comment incorrectly. I think the run flats are great and are easily found anywhere. Contrast that with a 911 or 488, for which run flats appear to be unavailable particularly because of 20 inch fronts (the Vette has 19s).

daro911

769 posts

252 months

Tuesday 15th June 2021
quotequote all
LordOfTheManor said:
How much in UK currency ?
Has to be at least +10% import duties and +20% VAT and + UK dealers margin I would guestimate £80k+++

borat52

564 posts

208 months

Thursday 17th June 2021
quotequote all
hungry_hog said:
percentage wise they do

what would a base 991 Carrera have been back in 2012 - 85k?

Now a decent one is what - 45k?

I'd say % wise, it's good, obviously 40k is a lot of cash
That's fine over 9 years, you'd never lease one for anything close to the £370 a month that works out at.

That said, combination of restricted new supply due to covid and gov printing money and throwing it at everyone has created a bit of madness in the used car market generally so current prices for anything half interesting might be a bit distorted presently.