In this video from NoLimitMax she shares his experience of selling a brand new 2022 C8 Corvette 2LT for $95,000 after paying $72,000 + sales tax.($78,000). He thought $22,000 over MSRP would be fair.
This also doesn’t include how much the car dealer sold it for once they purchased it from him for $95,000.
He waited 10 months for the torch red Corvette C8 2LT and drove it for about 1,000 miles before selling it and loved it. However, he knew it would be worth more than he paid for it and wanted to take advantage of the current Corvette C8 market while it’s still hot vs. the Corvette C7 which is still sky high.
Carmax offered $92,000 so he decided to cold call local Chevy Dealers in his area and came up with the $95,000 sales price that he would be happy with and sell it to a dealer to make it easy.
In this video by Fred’s Full Throttle on YouTube he moves on from the C8 Corvette Z06 pricing conversations to everything we know about the all wheel drive hybrid electric C8 Corvette possibly called “Eray”.
This week I decided to move on from Z06 pricing discussion, and start taking a look at the C8 E-Ray. What is an E-Ray? Where does it fit in the Corvette lineup? Is it fast? And most importantly, will it be fun? I’m going to take a look at the car, sharing what information has been released, as well as cover some of the not confirmed, but likely to be true guesses on other aspects of the car. One important note, for everything I’m going to share here, I will try to be clear about what is confirmed/official versus what is speculation and an educated guess.So let’s go talk about the E-Ray!
Another really good catch was by Chevy Dude with the C8 Corvette Z06 reveal in October 2021 and them using an all wheel drive dyno we also shared suggesting an all wheel drive C8 Corvette was coming.
[UPDATE] Chevrolet has issued a statement regarding the fiery incident. In an e-mail to Motor1.com, Trevor Thompkins, Senior Manager, Chevrolet Passenger Cars, Performance and Motorsports Communications at General Motors, said:
“A Corvette development vehicle undergoing extreme testing by one of our suppliers this week had a thermal incident. All who were involved are safe as this is our top priority. We are investigating the situation with the supplier.”
In this video Bryon from Drive 615 on YouTube stops by the Bowling Green Kentucky factory where Corvettes are produced on his way to an event with his company Auto Parts Outlet.
2023 Corvette Z06 spotted at Bowling Green Factory
The C8 Z06 LT6 engine produces 670 hp at 8,400 rpm and 460 lb-ft of torque at at 6,300 rpm. It also comes equipped with double overhead cams, dry-sump lubrication, and a flat-plane crankshaft. It revs to 8,600 RPM.
We covered Drive 615 spotting one of the first C8 Corvette Z06s right after the reveal in November 2021 in red mist as well.
It’s finally August 11th and “Thursday” allocation numbers that were anticipated today for the C8 Corvette Z06 sill haven’t been released.
However, we now know what Rick Corvette Conti was hinting at when he said C8 Corvette Z06 allocations had something to do with the number 3.
THIS IS HOW C8 2023 Z06 ALLOCATIONS ARE DETERMINED FOR DEALERS
At first we thought that had something to do with the Top 3 Chevy Corvette dealers with the most C8 Corvette sales will get the most as they usually do (Ciocca, MacMulkin, Criswell).
However the memo has stated the Chevy dealers with the most C8 Corvette sales since 2020 but with a caveat. It’s going to be based on the most “3LT” model C8 Corvettes with that trim package.
Rick Corvette Conti mentioned YouTubers and special VIP customers will get their C8 Corvettes first and that’s why you are seeing some at 3000 status with production start dates on September 19th, 2022. He also confirmed that there are constraints on the Z07 package and carbon fiber aero but that just means limited production so again its most likely you will see the first C8 Corvette Z06 produced have those options available to them especially the “VIP” customers Chevrolet and General Motors are choosing.
This means you are likely to see people like StreetSpeed717 and Emelia Hartford get the first C8 Corvette Z06s besides people like Rick Hendricks that bid over $4 million combined to charities at Barrett Jackson to get the first Convertible and Coupe C8 Corvette Z06.
Ciocca Corvette at MSRP
C8 Corvette Z06 Constraints
The memo also said the carbon fiber aero and Z07 package isn’t available. This is going to be a bummer for most people that have already been waiting years for this car. Especially since that package along with Carbon Fiber Wheels is what track enthusiasts really want. However, there are great aftermarket carbon fiber aero companies like Racing Sport Concepts that have a full C8 Corvette body aero kit and looks like a better anyway.
For example YouTubers like Speed Phenom that tracks his cars that has “put in an order” with a Chevy dealer in California to be first will have to decide does he want to be first or wait for the track focused package for example.
Another interesting thing about the 3LT package being a signal for dealers to get the most C8 Corvette Z06s could this be another way to limit flippers?
Most flippers want the most profit on their flips so typically they know even a 1LT or 2LT can get them the most profit with all the hype.
If a flipper has to choose a 3LT they won’t make as much profit on the flip so maybe this is another creative way Chevrolet and GM are using to limit and discourage flippers from getting these cars. Especially with them having to choose a 3LT with no aero package or Z07 options as well.
In this video by Performance on Wheels you can see six different specs of the new 2023 Mid Engine C8 Corvette Z06 at Road America in Elkhart Lake, WI.
This video really gives you insight on the different C8 Corvette Z06 specs especially the major differences between the carbon fiber Z07 package and the base model C8 Z06.
Today we share with the viewers multiple different specs Z06 C8 Corvette. A truly amazing machine. If you are on the waitlist or simply dreaming of owning a magnificent supercar someday. The affordable supercar. This video will add value your wait. There are six different z06 Corvette’s shared with you guys. Included two with the z07 packaged. The carbon fiber wheels are amazing! This is not a full Corvette review, it is just enjoying multiple specs of the C8 z06. We also show what that z06 exhaust sounds like.
Their C8 Corvette has over 12,000 miles on it and have been driving it to all the local shows, on Rallies and have taken it on track and haven’t had any issues. They took it out to Laguna Seca and was flawless and easiest car to drive with the dual clutch transmission. They also mention on the Long tail rally they did over 4,500 miles and some of the exotic cars would break down.
They have had the C8 Corvette for 8-9 months and would absolutely do it all over again especially at the 85k MSRP they bought it for. Also, price to value with under 3 seconds in 0 to 60 nothing beats it.
Here are the build specs of this C8 Corvette GT4.R and leave a comment below to guess how much this build will cost. They didn’t say in the video but maybe they will release that pricing soon. It depends on how much of the build you do as well.
The video Rick Corvette Conti shared was deleted but in the beginning of this video below you can see his response after that video had a really negative response as he explained it was the owners of Coughlin Chevrolet of Pataskala not himself making that decision of having the highest bidder win their first allocation of the Corvette C8 Z06.
2023 Z06 ORDERING RESPONSE
We decided to reach out to Coughlin Chevrolet of Pataskala on Instagram since they just had the C8 Z06 dealer tour and ordering is open and asked “What’s your highest bid for the Z06”?
They responded “We do not speak about that information to the public. Thanks!”..
Corvette C8 ZO6 Reveal at COUGHLIN CHEVROLET IN PATASKALA
We thought finding out what their highest bid was would help the “public” who would be bidding know what they need to “beat” to be their first C8 Corvette Z06 allocation.
We have since asked “How will the public know what to bid? and who’s the highest bidder at the moment” meaning did someone bid $10k over MSRP? Did they bid $100k over MSRP ect.. but no response yet.
We are not looking for a person’s name rather what is the highest bid that someone has to beat to be their first C8 Corvette Z06 allocation since they have said they are having a bidding war for over MSRP for it. Sounds like it might be a “blind” bidding war meaning just submit your highest bid for their C8 Corvette Z06 allocation and cross your fingers you were the highest bidder.
It’s pretty crazy not to know what to bid especially with them being in the Top 10 of dealers for Corvette sales and selling over 200 C8 Corvettes in the last few years. One of the top Corvette dealer Ciocca Corvette was very upfront and picked a day for people to stand in line first come first serve or send a wire and gained over 6,000 people on their list at MSRP. They sold over 1,400 C8 Corvettes last year. They also have a C8 Corvette Z06 tracker for their list.
We will keep you posted if they respond and if anyone has any information about Coughlin Chevrolet of Pataskala C8 Corvette Z06 “list” or “bidding war” leave a comment below.
UPDATE: August 4th, 2022
We asked what if we wanted to bid or the public wanted to know so they knew what they would have to bid.
They said they “will ask the right to member and back to us”
With the release of C8 Corvette Z06 pricing and order banks ready other than dealers waiting for their allocations we decided to check in on the current state of the C8 Corvette Z06 lists and call every “top” corvette Chevy dealer in Phoenix with a specialty in Corvette sales the last few years.
Here’s what some of Chevy Dealers in Phoenix, Arizona had to say about marking up the C8 Corvette Z06
Sands Chevrolet Surprise want $40k over MSRP and didn’t seem like they took deposits yet or have a solid list willing to pay that
Sands Chevrolet Glendale said they are not sure but most likely $30k over MSRP and again haven’t entered an order yet and seems like they haven’t taken deposits but have a list of people they will call to see if they are willing to pay that.
Courtesy Chevrolet said they have 60 people at first on their list and then it turned into 76 people and they are charging a $20,000 mark up and all 76 people agreed to that mark up supposedly.
Luckily there are dealers in the country that are offering the C8 Corvette Z06 at MSRP like Ciocca, MacMulkin, and Criswell Chevrolet. Also, Whitmoyer Chevrolet who is friends with StreetSpeed717 and has about 4-5 YouTubers as his first orders is also honoring MSRP.
Let us know if you find out anything about any Phoenix Chevrolet Dealers in Arizona that aren’t changing MSRP or told you something different from above and we will update the information as given to us.
If you are an Phoenix Arizona Chevy dealer and want to correct any of this information or add to it leave a comment below and we will make it public and happy to edit any updates. This information was given to us directly from “Corvette” sales reps when calling about the C8 Z06 lists at these Chevy Dealers.
Also, if you guys like this content let us know and we will call some other top Chevy Corvette dealers in different states to see what they are doing as well.
Lastly if you find any Phoenix Chevy Dealer or any dealer in Arizona with a small list, no list, and selling a C8 Corvette Z06 at MSRP hit us up in the DMs and Follow us on Instagram @c8corvetteblog or leave a comment below. We will keep our C8 Corvette Blog updated.
In this video by Speed Phenom on YouTube he visits a few local dealers in his area in Southern California to not only see the C8 Corvette mark ups that have continued these last few years but also other brands like Ford and Porsche marking up their vehicles as well.
As the supply chain issue persists, inflation has risen to over 9%, and with short supplies and high demand for performance vehicles like the C8 Corvette Z06 some dealerships are still taking advantage and charging $20k-$200k in mark ups on the most sought after cars. That mark up is pure profit for each dealership.
Chevrolet and General Motors are trying to combat dealers with memos and flippers with voiding the warranty on the C8 Corvette Z06 if you sell it before the first year of ownership.
However, that will not stop a flipper it might stop the potential for used car dealers to buy it or the second owners of the C8 Z06 that lose the warranty potentially. They are blacklisting people that flip the C8 Z06 from getting access to newer C8 Corvette models or Corvette models in the future as well.
C8 Z06 – How much DEALER MARKUP should you consider?
What is UP Youtube? Welcome to Fred’s Full Throttle! So here we are mid July, (lunge) ….and we don’t have the Z06 pricing yet. Not really a surprise, as I think the surprise will be whenever it gets announced. However in the meantime, I’ve had a few people ask me about my thoughts on pricing and specifically what people should be willing to pay. Today we’re going to talk about pricing, and specifically my thoughts on how much over MSRP I’d be willing to pay. Link to Z06 Alternatives video: https://youtu.be/EqKQoKTaTsY Thumbnail Credit: Andi Hedrick / Road and Track Production music courtesy epidemicsound.com
Chevrolet has issued a statement regarding the fiery incident. In an e-mail to Motor1.com, Trevor Thompkins, Senior Manager, Chevrolet Passenger Cars, Performance and Motorsports Communications at General Motors, said:
“A Corvette development vehicle undergoing extreme testing by one of our suppliers this week had a thermal incident. All who were involved are safe as this is our top priority. We are investigating the situation with the supplier.”
You can learn more about the C8 Corvette Eray Prototype going up in flames and catching fire in his video below.
Here is an Instagram Video of the C8 Corvette Eray prototype up in flames.
