ICYMI: C8 Corvette Z06 pricing starting at $105,000

David S.
By David S. Wallens
Jul 15, 2022 | Corvette

The forthcoming Corvette Z06 will make 670 horsepower and feature an 8600 rpm redline. Pricing is now public: Admission will start at $105,000.

 

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David S. Wallens
David S. Wallens Editorial Director
7/15/22 4:47 p.m.

Looks good in that color. 

350z247
350z247 Reader
7/17/22 11:44 a.m.

The want is so strong...

kb58
kb58 SuperDork
7/17/22 12:07 p.m.

Now that I own a proper old guy's car, a Jaguar F-type, I read posts on the Jag forums. There's some talk that the high price of the Z06 could drive potential Corvette owners to consider the Jaguar F-type. With other car makes, I might agree, but I just don't see it with Corvette followers.  The brand is just so ingrained in America, I don't see how a potential buyer could not only turn their back on Corvette, but also switch to a non-domestic make. Yes, the F-Type has a beautiful shape and a 550-hp V8, but still.

I've been frequently wrong about human nature though... what do you guys think?

NY Nick
NY Nick GRM+ Memberand Dork
7/17/22 12:19 p.m.

With the performance and power it has I can't see how this car wouldn't be cutting into the exotics pretty hard. I know a lot of Corvette people are thumbing their noses at it but it's just such an impressive car. I would think it would line up against McLaren or Ferrari better than a Jag or a previous Gen Vette. 

Keith Tanner
Keith Tanner GRM+ Memberand MegaDork
7/17/22 12:55 p.m.
NY Nick said:

With the performance and power it has I can't see how this car wouldn't be cutting into the exotics pretty hard. I know a lot of Corvette people are thumbing their noses at it but it's just such an impressive car. I would think it would line up against McLaren or Ferrari better than a Jag or a previous Gen Vette. 

Agreed. Ferrari is going to be trading on their brand even more with this thing out.

350z247
350z247 Reader
7/17/22 1:31 p.m.

I can't wait to see this compared to a 458 Speciale or Huracan Evo. It doesnt have the raw power of the 720S or F8, but the ZR1 will handle that.

Rodan
Rodan SuperDork
7/17/22 1:39 p.m.

From the 'Vette forum:

 

Price by Trim (including $1,395 Destination Freight Charge)

1LZ

$106,395 (coupe)

$113,895 (convertible)

2LZ

$115,595 (coupe)

$122,595 (convertible)

3LZ

$120,245 (coupe)

$127,245 (convertible)



Pricing shown does not include applicable taxes, title, license, dealer fees or optional equipment.

Notable option packages:

  • Z07 Performance Package – $8,995
    • Includes FE7 suspension, Brembo carbon ceramic brakes, Michelin Pilot Cup 2R ZP tires, and underbody strakes
    • Requires additional Carbon Aero Package with either Visible or Carbon Flash Painted components
  • Carbon Aero Package
    • Composed of carbon fiber splitter, rockers, dive planes and spoiler, available in Visible or Carbon Flash appearance
      • Visible Carbon Fiber - $10,495
      • Carbon Flash-Painted - $8,495
  • Carbon Fiber Wheels – Available with Z07 Performance Package
    • Deliver a 41-pound (18.6 kg) reduction in unsprung mass
      • Visible Carbon Fiber - $11,995
      • Carbon Flash-Painted - $9,995

So, bottom line for a 2LZ coupe with ZO7 performance package is $133,085.  Without dealer markup.

That's a chunka change, but still well under most other exotics at new pricing.  Looking forward to seeing some tests of this thing. 

 

Steve_Jones
Steve_Jones Dork
7/17/22 1:49 p.m.

The biggest issue will be the crazy dealer markups, so it'll be a high 100s car for awhile. It won't eat into many exotic purchases, because a Ferrari guy wants a Ferrari, a Lamborghini guy wants a Lamborghini, etc. A Ferrari guy might buy a Corvette and keep the Ferrari, but it's not stopping him from buying the Ferrari in the first place. 

JimS
JimS Reader
7/17/22 7:17 p.m.

I own a 911. Was with my family today and we saw a c8. I said maybe I'll get one of those and everyone with me said it was hideous. I'm in the PCA and I don't hear any c8 talk so I don't forsee any Porsche guys switching. 

yupididit
yupididit GRM+ Memberand PowerDork
7/17/22 7:26 p.m.

After 40k markups lol.

 

Ranger50
Ranger50 MegaDork
7/17/22 7:45 p.m.

I can buy 2 people mowers for that kind of money...

Steve_Jones
Steve_Jones Dork
7/17/22 9:12 p.m.
yupididit said:

After 40k markups lol.

 

Good luck finding $40k markups, try $75k minimum, currently it's @$125k!

Keith Tanner
Keith Tanner GRM+ Memberand MegaDork
7/17/22 9:56 p.m.
Ranger50 said:

I can buy 2 people mowers for that kind of money...

Is that what we're calling Mustangs these days?

kevinatfms
kevinatfms GRM+ Memberand HalfDork
7/18/22 8:24 a.m.

So $200k+ for a Z06?

Starting to get out of reach of the "everyman".

Cant wait to see what this will do at the VIR Lightning Lap.

maschinenbau
maschinenbau GRM+ Memberand UberDork
7/18/22 8:24 a.m.

That's a lot of money, considering the base model with more-than-adequate 505hp theoretically started at $58k in 2020. Of course I doubt any sold for that low. Which makes me wonder: what has been the average non-Z06 selling price with ADM? Did any actually sell for MSRP? And does this engine really make a Corvette worth almost double?

yupididit
yupididit GRM+ Memberand PowerDork
7/18/22 8:54 a.m.

In reply to maschinenbau :

I too wonder how much the base c8 (1LT?) are actually selling for. And what about lightly used c7 grand sports.

dps214
dps214 Dork
7/18/22 10:05 a.m.
yupididit said:

In reply to maschinenbau :

And what about lightly used c7 grand sports.

Looks like $50-70k depending on mileage. The previous generation corvettes really haven't picked up much value unlike the rest of the market.

Steve_Jones
Steve_Jones Dork
7/18/22 10:09 a.m.
yupididit said:

In reply to maschinenbau :

I too wonder how much the base c8 (1LT?) are actually selling for. And what about lightly used c7 grand sports.

Base C8 are currently at MSRP, maybe slightly above.  The C8 market dropped in the last few weeks. 

Keith Tanner
Keith Tanner GRM+ Memberand MegaDork
7/18/22 10:12 a.m.
kevinatfms said:

So $200k+ for a Z06?

Starting to get out of reach of the "everyman".

Cant wait to see what this will do at the VIR Lightning Lap.

Base price starts at $105k. That's only just more than halfway to $200k :)

slefain
slefain UltimaDork
7/18/22 10:19 a.m.

Pretty serious hardware. Should be a proper missile on the track. Too bad most of them will only be driven back and forth to the local cars & coffee event each month.

yupididit
yupididit GRM+ Memberand PowerDork
7/18/22 10:31 a.m.
Steve_Jones said:
yupididit said:

In reply to maschinenbau :

I too wonder how much the base c8 (1LT?) are actually selling for. And what about lightly used c7 grand sports.

Base C8 are currently at MSRP, maybe slightly above.  The C8 market dropped in the last few weeks. 

Are they selling at/slightly above MSRP?

Steve_Jones
Steve_Jones Dork
7/18/22 10:41 a.m.

In reply to yupididit :

Yes, Base are selling at to $5k over, 3LT can be found for MSRP, but most are selling for $10k over. I don't think theyll go under MSRP for at least a year, but the $40k over days are gone. A lot of the "used" are sitting, and by used I mean the ones with 500 miles people bought to flip

yupididit
yupididit GRM+ Memberand PowerDork
7/18/22 11:01 a.m.

In reply to Steve_Jones :

That's good. 5k over is reasonable given what E36 M3 was. I've noticed a lot of auctions are no longer meeting reserve on normal cars.

Keith Tanner
Keith Tanner GRM+ Memberand MegaDork
7/18/22 12:25 p.m.

There's a local high end used car dealership that is going to feel that. Current inventory includes a 2021 1LT 3LT Z51 with 8k miles and a $116k asking price and a delivery mileage 2023 Stingray "coming soon" for $120k.

Other C8s for sale in town: 500 mile 2023 Z51 for $110k, 2020 with 21k miles for only $93k. The Chevy dealer won't even put a price on the one in their showroom, it's like fresh fish and is listed as "market price".

te72
te72 HalfDork
7/24/22 12:13 a.m.

In reply to Keith Tanner :

This is part of the reason I've never bought a new car...

kb58
kb58 SuperDork
7/24/22 9:39 a.m.

Since listing Midlana on BaT, I've been time watching auctions there, trying to figure out bidders. Quite a few 2022 Corvettes are showing up, ones with only a couple hundred miles on them, and it's hard not to theorize about why. (There's one coming up this morning, https://bringatrailer.com/listing/2022-chevrolet-corvette-12/) By watching to see if they actually sell, or "Reserve Not Met" helps answer the question. If it sells for near-MSRP, the seller "probably" decided that it wasn't for them, had some money situation where they needed out, or maybe their spouse said "no." OTOH, if the reserve was not met, it seems more like greed, someone trying to flip the car for a fast buck, but not understanding that the market is already softening. Bidders seem slightly less willing to just toss money at things lately...

I say "slightly" because they still lose their minds. Question: How much would you pay for an old Ford Bronco? How about one in really nice condition? After watching this one go, I realized that I'll never understand bidders, https://bringatrailer.com/listing/1966-ford-bronco-104/ Can you imagine driving that to the local Cars and Coffee, and someone asking what you paid for it? I'd be embarrassed to say.

Appleseed
Appleseed MegaDork
7/24/22 9:48 a.m.

Those flippers trying to squeeze all they can? I'm glad to see those cars sitting. Serves em right. They get zero sympathy. Berk em.

yupididit
yupididit GRM+ Memberand PowerDork
7/24/22 2:39 p.m.

In reply to kb58 :

The orange Corvette you posted went for 7k over msrp

Steve_Jones
Steve_Jones Dork
7/24/22 5:22 p.m.

In reply to yupididit :

I'd say after taxes and fees, he broke even at best, assuming he paid MSRP. Taxes will eat up a lot of that $7k. 

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