[alexandro777]

http://wot.motortrend.com/1312_gm_november_sales_chevrolet_corvette_buick_regal_way_up.html
I remember when people said that gm was going to make a second year redone to the corvette because it wont sell.

 

[Poncherello]

Up 128.9% from last year's Stingray sales? I like the Stingray lights in my Malibu, I don't know what all the fuss is about.

 

[Fluffy]

LOL, I don't like the rear end of the C7 but it will make me happy if GM is able to sell it.

I don't think anyone wishes the end of the Corvette.

 

[alexandro777]

LOL, I don't like the rear end of the C7 but it will make me happy if GM is able to sell it.

I don't think anyone wishes the end of the Corvette.

A lot of people here were talking about death watch and how gm will need to change the Vette ASAP because of the styling and weight and even because it have a decent interior. People said that because of the changes in styling to attract younger people the C7 will fail.

Glad to see that the hater were all wrong.

 

[Poncherello]

Yes, that $60K plus sticker is really targeting the younger generation. :laughing:

 

[alexandro777]

Yes, that $60K plus sticker is really targeting the younger generation. :laughing:

128.9% sale increase , any doubt about it ?

 

[BJC99Hardtop]

Not a hater, but have to ask. Where are the numbers coming from? You know what they say about numbers,

 

[KennyGS]

For two months worth of data? Link to your source? :huh:

 

[OldVetteFan]

Here's the data:

http://media.gm.com/content/media/u...ontent/Pages/news/us/en/2013/Dec/gmsales.html

If you look, there is an Excel spreadsheet you can open, and that provides the details of the Corvette sales increase...

November 2012: 1104 units
November 2013: 2527 units
Increase: 129%

The annualized volume for the C7 is around 30k units (based on November results). If that holds, then that's not a bad change from the last several years of C6 sales (which tanked due primarily to the economic recession).

Steven

 

[Poncherello]

128.9% sale increase , any doubt about it ?

I don't care how many they sell, but to say the car is targeted to younger folks is not correct. 65% of corvette buyers are over age 50 with the largest slice of that, 12%, being 61-63. The only way to target younger buyers is to lower the price and that's not possible for GM.

 

[OldVetteFan]

I don't care how many they sell, but to say the car is targeted to younger folks is not correct. 65% of corvette buyers are over age 50 with the largest slice of that, 12%, being 61-63. The only way to target younger buyers is to lower the price and that's not possible for GM.

Two points:

GM has said that they want to target 'younger buyers', but I don't think there's any source that actually says what age group 'younger buyers' fit into. For all we know, if the largest slice of C7 buyers falls into the 57 - 60 age range, then GM might be quite happy with that result.

The conventional wisdom is that European sports car buyers are younger than the US Corvette buyer. I know I've seen some articles to that effect, but don't have time right now to find them. They probably aren't that much younger than the Corvette buyer, because - as you point out - there aren't that many really young people that also have the financial strength to buy a Corvette (or a higher priced European sports car).

So perhaps means that moving the average a few years downward is sufficient. I don't believe that GM thinks that unemployed college graduates living in their parent's basements will be the typical buyer.

It remains to be seen if the C7 styling will remain fresh, and provide several years of sales success for GM. It's too soon to draw any conclusions about the C7 at this point. When we have several months of data to review, then we might be able to make more educated points (for and against the C7).

Steven

 

[Junkman2008]

128.9% sale increase , any doubt about it ?

Staying power. That's the key to your data. Look at Obama's rating... do you think all the people who voted for him in 2008 would vote for him today? One year does not tell the whole story. Come back in 5 years and then we'll talk.

 

[rdevaux2007]

Taking the first two months sale of a new model, where idiots are paying WAY over sticker to obtain a car, and forecasting the sales to stay that high is asinine.

It's like expecting to **** your wife as much throughout your entire marriage as you did the first year.

 

[Junkman2008]

... It's like expecting to **** your wife as much throughout your entire marriage as you did the first year.

I was thinking of that example... which reminds me of why I ain't trying to get married.

 

[OldVetteFan]

Taking the first two months sale of a new model, where idiots are paying WAY over sticker to obtain a car, and forecasting the sales to stay that high is asinine.

It's like expecting to **** your wife as much throughout your entire marriage as you did the first year.

I don't think anyone is making that forecast - I just annualized the sales figures to have a basis for comparison.

And as for the issue you're having with your wife, maybe that happened with you, but that's not something you should generalize across the board. It's about as asinine as forecasting annual sales numbers from a small initial data set.

Steven

 

[Texdentist]

Something I haven't seen mentioned is the fact that the last year of a model run is usually lower than the others as people anticipate the new model. If they are in the buying mood, many wait out that last year wanting to jump on the new model bandwagon. In Oct 2012 when I bought my 2013, I thought long and hard about it, but decided to go ahead and buy the C6. My rationale was that a comparable C7 would likely cost me $10-15k over the reduced prices being offered on the 2013. I was correct about that, but I didn't anticipate how much I would like the C7. I definitely have buyer's remorse, but I probably would not have sprung $65k for a new C7 at any rate.

 

[BJC99Hardtop]

It's like expecting to **** your wife as much throughout your entire marriage as you did the first year.

:smack:laughing:

I have no complaints in that department, but those first years...we barely took a break to eat!

I am glad that the C7 is selling, but this price point of car is not going to explode with sales growth in the "new" economy. The hardest hit demographic has been the $100-$150k income bracket and I would suspect that to be the sweet spot for Corvette owners.

Where GM has their head up their ass, is that there is no cool car for those young people to buy. Years ago, Camaros were pretty cheap. Many right out of high school could afford them and dream of buying a Corvette when they reached their forties and started to make some money. That model doesn't exist any more.

 

[Hameister]

I don't care how many they sell, but to say the car is targeted to younger folks is not correct. 65% of corvette buyers are over age 50 with the largest slice of that, 12%, being 61-63. The only way to target younger buyers is to lower the price and that's not possible for GM.

The operative word here is "younger".

This is a poll that I ran at another Corvette forum site a few months ago, with a very large membership.

It's not scientific, but it asks the simple question how old a person was when he/she purchased a "new" Corvette.

As you can see about 27% are between 16, and 45 years of age. With about 15% under the age of 35. Imo, those are all "young" people.

If GM is able to increase that under 35 age group, from 15% to 18%, and bump the over all under 45 age group, from 27% to 35%, that would be a significant demographic shift, effecting that huge group of over 55 buyers, 25~30 years from now. That's my take on what G.M. is trying to do.

I wish them luck. Whether I do/do not like the C7 is irrelevant. What IS important is the continuation of the brand.

 

[Texdentist]

This is a poll that I ran at another Corvette forum site a few months ago...

What?? You've been cheating on us?? We're calling a lawyer! :laughing:

 

[91redragtop]

http://wot.motortrend.com/1312_gm_november_sales_chevrolet_corvette_buick_regal_way_up.html
I remember when people said that gm was going to make a second year redone to the corvette because it wont sell.

The wife and I love the C7 so much that we've talked about buying the redesigned Camaro convertible SS!