Place Your Bets! What’s the Market Price of the C8 Z06 Going to Be?

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Place Your Bets! What's the Market Price of the C8 Z06 Going to Be?

Photo Credit: Chevrolet


Well, somehow, we have arrived in July of 2022, and we still don’t have an official starting price for the insanely cool 8,600 RPM monster ‘Vette that GM revealed nine months ago. The Detroit (and Kentucky) Dream Machine is set to go on sale “this summer.” Corvette fans the world over have reached their wits end waiting on General Motors to disclose pricing for its new exotic-shaming halo car, but, unfortunately, we don’t think the MSRP is actually going to matter much. Even though its fourth year – when things have usually started to slow down – of production is underway, the base Corvette Stingray is still a tough get at list price, even in used condition.

Sure, the C8 Corvette, seemingly born under a bad sign, has struggled to reach its full production potential. Since going on sale as a 2020 model, it has seen multiple labor strikes, semi-conductor chip and other parts-related assembly line stoppages, government and corporate-mandated COVID shutdowns, and even a freaking natural disaster, but you can’t blame that unheard-of list of setbacks for the out of control C8 market.

Place Your Bets! What's the Market Price of the C8 Z06 Going to Be?

GM has assembled in excess of 70,000 C8s at this point and even threatened dealers against adding market adjustments, but this is an industry-wide problem that isn’t going away any time soon. Demand for the hottest new vehicles has created an unprecedented seller’s market.

The Z06’s closest foil, the 992-generation 911 GT3, retails for around $200,000, but capitalism has spoken, and getting your hands on one for under $300,000 has proven nearly impossible. It is the same story in the more pedestrian corners of the market, too. People are paying an astonishing $17,197 over sticker, on average, for the fifth-gen Cadillac Escalade, according to Edmonds, via Road & Track. That story also details how Kia, yes Kia, dealers are making money hand over fist on the Telluride SUV and, more surprisingly, on the $30k K5 midsize sedan. Ford has their share of hot commodities, too, the Maverick small truck sold out of its entire 2022 model-year run in January of 2022. My uncle is the finance manager at a Ford store that started off selling the new Bronco at sticker price, but after the first handful of customers showed up looking for second allocations because they immediately sold theirs to CarMax for a large personal profit, they made the smart business decision to pad their own pockets, instead of passing profit along to folks who had the foresight to put their names on a list before some of their friends.

Place Your Bets! What's the Market Price of the C8 Z06 Going to Be?

The Z06 is arguably more desirable than all of the cars listed above. The latest and greatest Corvette variant is always insanely popular, but this Z is something different, something extraordinary. With a screaming flat-plane V8 that makes 670 raging horses without resorting to forced induction, it isn’t just the usual suspects in Corvette circles that desire Chevrolet’s new masterpiece. It has more than caught the attention of the entire industry; even Ferrari-types have taken note. By using a formula that was perfected by and ultimately abandoned by Maranello to the chagrin of driving enthusiasts around the globe, the newest Corvette is on the verge of becoming the performance car benchmark that everyone aspires to put in their garage.

Place Your Bets! What's the Market Price of the C8 Z06 Going to Be?

Needless to say, the market for the new Super-Vette is going to be out of control, especially at first. We expect the Z06 to carry a base price between $85,000 and $110,000. That is if the General ever decides to reveal the number, which they very well could have internally adjusted several times in the past few months, in response to the two-headed monster of inflation and demand – just like my uncle’s employer, why wouldn’t GM want those extra Z06-bucks coming their way instead of allowing those downstream to fatten their own pockets?

Our questions to you, dear readers, are 1. how high will the price get before it settles at an equilibrium number where dealers/flippers are able to move them easily, and folks that really want one are still willing to part with their hard-earned funds, and 2. If you are lucky enough to take delivery at MSRP (likely from one of our excellent sponsor dealerships!), how much money, if any, will make you consider parting ways with your new baby; a 50-200% profit would be pretty difficult to pass up! See you in the comments!


Related:
[PIC] Corvette Enthusiast Has a Bit of Fun While Waiting for the Z06s MSRP to be Released
This 70th Anniversary Corvette Z06 Can Be Yours with Bonus Tickets from CorvetteBlogger
RUMOR: GM Has Started Producing and Stockpiling Z06-Specific Parts for Customer Cars

 



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43 COMMENTS

  1. I believe the Z06 was expected to have a base price of about $89,000 but I’m going to go with $93,000. I doubt it will be over $95,000. The next model year could see an increase.

  2. I dealer in Pawleys Island SC Has a 2022 C-8 Loaded MSP $92 k Wants an Market Adjustment of $45 K making it $137K

    So a Z06 C8 List $100 K ? Dealer may want $50 K – $75 K ?

  3. I was just having this discussion with a friend of mine who just purchased a 2020 with 300 miles on it. My guess is the Z06 will be based at $95 K and with add ons you will run up to about $120 K. I’m sorry but if I am lucky enough to get one at MSRP, I will have it until I go to my grave.

  4. i’m betting….. on the resellers market , a early 3LT w all options will push $200 , and , if you can get a 1LT for $150 , you better jump…. if the cars new motor holds up for street use , the prices may double but that’s the gamble… fyi-the C8 is badass enuf , few of us are really qualified to drive this z06 beast

  5. So many prospective buyers are hoping the base price will be around $89K or lower. Any price close to 100K will cause many buyers to drop out. I start to think is it worth the money. Sure a great car but after a while it is just another car. I have had every generation corvettes since 2000. If dealers want to raise their prices, then I would rethink getting one. Just my opinion.
    Release the MSRP already!

  6. MSRP doesn’t matter. You can’t buy one anyway. 95% of first year cars are going to the dealers to keep for themselves or the dealers ‘associates’ with whom they’ve arranged to split the proceeds playing keep away and scalping them. After that the rest of the cars for the next 4 years are going to they guys who got in line for them in 2017…and most of whom will still be paying ADM. After they pay ADM they’ll add their markup and then sell them on BaT – so if you want one you’ll have to pay TWO markups. Fortunately in 5 years when you might actually have a shot at buying one at MSRP you won’t care anymore as you’ll be fighting over C9 allocations. And all of that is assuming GM hasn’t bankrupted themselves (again) with this foolish EV endeavor.

    Good luck everybody!

  7. I think a 3LT HTC will list at around $90k. With options you might be at $125k or more without CF wheels. CF wheels will ad about 15k. A fully loaded Z could get to around $140. Would not be surprised to see people pay $250k plus.

  8. Guessing base Z06 coupe MSRP will be $89995; options will drive it up lots. Anything in the 80’s seems reasonable for starters.

  9. MSRP $93,499, Loaded 3lt coupe with Z07 $127,500, exposed carbonfiber wheels 10 -12 k Based on gt500, the chevy dealers that have a good reputation with GM/Chevy will sell at MSRP due to keeping loyal clients and not risking loosing allocations of other gm products including corvettes pickups! Wish gm would make people sign a contract for resale like ford did with the GT. With that said aftermarket sales will easily be $100k plus mark up which says a lot for GM and those who developed it – a master piece the greatest vette yet! No other exotic car company has created a car with so much advancement from previous generation! It’s awesome!

  10. I think a base Z06 1LZ will start at $97,995. You will top out at $140K fully loaded. Flippers will ask $200K o

  11. Damn wish I could get one, even a decked out 22′ would work. I love the C6 GS I have now, so I suppose I should be happy. I think base will be 120k and then with mark up 150k-175k. Makes me wonder what will happen with the ZR1 coming and maybe a Zora. Wow

  12. I’m thinking in the 130-140k area. I’m on list with a MSRP seller and if I’m fortunate enough to get one, it wouldn’t be for sale. This would be a family heirloom item for sure!

  13. GM and all you people hyping and speculating makes it worse. Car will be unattainable for most people. Brilliant marketing strategy playing on the emotions of Corvette enthusiasts, but it really sux. I think it tarnishs the GM brand. Remember this was the company that got a bail out and never paid it ba back after Barry Sotero forgave the loan.

  14. “….. the C8 is badass enuf , few of us are really qualified to drive this z06 beast…” said by a commenter. After a week at Ron Fellows, I couldn’t agree more. I learned quickly at RF that I was only really capable of using 1/2 of what the ‘regular’ C8 can already offer for performance. The Z06 is very likely to be way more car than mosy of us could handle at anything close to its limits…. but then that could also be said for nearly every Ferrari, Lambo, Bugatti, etc owner too. But that doesn’t mean it won’t be a blast just to take your bride for a ride in the “Z” to get an ice cream cone on Sunday.

  15. said another way, re: Z06 Market price: How much are we willing to pay – for a Z06 – to be able to take that Sunday ride on the twisties for that $100 ice cream cone in the next town? My answer, in truth, is not a whole lot more than a decked-out regular C8. Maybe $20k more. That’d be about it for me… a non-collector, non-flipper.

  16. …+$20k over reg C8: that’s about what the new engine and slightly wider stance would be worth to me, over my current ’21 C8 HTC. No added ‘hype’ price over the current C8… just a reasonable adder for the bespoke flat plane cranker, and a tad more for the extra engineering time on the somewhat modified cooling, frame, wheels, suspension, and body.

  17. If us enthusiasts could all think about GM’s cost to produce the Z06 – and then frame that in terms of price – and flatten/ignore all this marketing hype that GM is enjoying – and creating – we’d have a better chance of ending-up with a ‘fair’ MSRP. Since every C8 Z06 that GM will produce for the life of the C8 is pretty much already sold – with Customer deposits made on waiting lists that are currently many years long – one can only assume that the Z06 advertising and video’s that GM is pumping-out is ONLY targeted at increasing hype and justifying as high an MSRP as they think they can get away with. Why else would they be holding-off on announcing the MSRP and still creating marketing material – when the car is already sold-out?

  18. A few dealers will sell at MSRP, because that is their reputation. The Z06 is a collector car from the outset. I have no doubt some will flip the car immediately. Some will stow it away to sell as a low milage benchmark car in the future. It is more car than almost anyone can handle on the street, but some folks just want the bragging rights. And sadly a few will demolish their car trying to impress local traffic!

  19. I’m guessing (like everyone else) that the Market Price of the new ZO6 will be at least $175,000+++ Well over $200K after the Boogieman gets his hands on it. I “almost” got on the list early on but as one comment pointed out: the (my) all new Mid Engine C8 Z51 is enough to get me into all kinds of trouble, I would probably end up in jail with a new ZO6 impounded and sold, without me getting a dime out of it but all kinds of Fines to pay. I did Not get on the list for that reason alone. Still I would Love to get my hands on a new ZO6 just to feel what it’s like to drive 👺😂

  20. Well, i got one on order for MSRP- supposedly – No i am not going to resell- very fortunate to be boomer who doesn’t need to that and my only goal is to enjoy some date nights and track days- after driving on the Rolex course at Daytona I am anxious to get the new Z06/Z07 package on the track- hope i can get it setup to use my HANS which makes the high speed a little more enjoyable-but still will need to break all systems in first- expect a lot of these when the track opens up for track guys etc.

  21. I think GM wants to put the world on Notice” and bring the base Z06 under $90K My guess $88,990. That will rock Ferrari and other super car manufactures to their core. But like all opinions we all have one, and none are better than another.

  22. I think a 3LT HTC Z06 will be about $95K and go to $140K with everything except CF wheels. My 2015 Z06 was MSRP $116K and my 2019 ZR1 was MSRP $147K, and now I see them selling for $185K. I am on an MSRP list for a Z06 for over 2.5 years now and still hopping for one within the next year, actually praying. I was 80 when I went on the list and now I hopping to live long enough to get one. Then a ZR1 and Zora,,, dreaming. JIM

  23. $89995.00. HOPEFULLY! The lines and waiting could change with the looming financial carnage on the horizon. Thinking 2001 and 2008-2010 discounting ALL CORVETTES with 0% financing.

  24. My bet is for a base price of $94,900.
    But better news is this:
    I’ve just received info from a very trusted source that the C8 Z06 price and ordering information will FINALLY come out tomorrow, July 15th !!!

    Let’s get those check books out ​​​​​​​:-)

  25. My bet is for a base price of $89,900.
    But better news is this:
    I’ve just received info from a very trusted source that the C8 Z06 price and ordering information will FINALLY come out tomorrow, July 15th !!!

    Let’s get those check books out ​​​​​​​:-)

  26. First, Thank you for the fair article Keith, where capitalism and over MSRP is not a frowned upon subject.

    GM needs to charge as much as they possibly can for the z06, as GM and VW could each file a BK in the years to come if parts shortages and mandatory shutdowns continue to plague their industry.

    IF GM or any other manufacturer file a BK, then we lose any guarantee that the cars that our hobbies/passions/blogs/forums/publications revolve around in the first place.

    If there is any party that deserves to make a profit on the C8, it is GM and its engineers and the factory assembly workers, as well as all of their 3rd party suppliers. GM should charge as much as they possibly can for every car model they build.

    It would not bother me one iota if the z06 started out at 120,000 dollars. The car would sell at an even pace with how fast GM could make them, no problem. Do I believe GM will be that bold and confident on price? No.

    If GM charges less than 94,000 for the car with destination and gas guzzler tax included for the initial starting price, I will not be paying their management’s weak price decision any compliments.

    GM executives have a higher obligation to prevent a BK at GM, an obligation to prevent the unemployment of tens of thousands of people in this already fragile economy. GM also has a higher obligation to continue the Corvette model line up for years to come. A BK for GM or any other vehicle manufacturer is the worst of all evils, and should be understood by all as a very real consequence IF GM underprices the z06 or any other model.

    Pickup trucks are stacking up on chevy lots around the country, but they are the oddball and bare bones trucks that customers do not seem to want at this moment in time… thus they are piling up.

    When trucks start stacking, GM is in a bad place, financially speaking.

    GM needs to adapt, if their trucks are not selling, then Escalade and Corvette are their saviors, and they need to let these 2 models pull their weight to save the company in these trying times.

    When cars are unable to sell to interested customers for a price of invoice or above, that is the moment dealers begin to have a problem selling the vehicles.

    When cars sell for invoice price or above, life is good, and its “business as usual”.

    When cars sell for MSRP and above, that is when the manufacturer needs to RAISE the msrp.

    I am pleased to see that GM has raised the MSRP on the c8 more this year than last, and I hope GM CONTINUES TO RAISE THE MSRP on the c8 this year and years to come.

    When the c8 msrp is raised to a fair number, waiting lists will shorten but vehicles will still sell off of dealers lots in a timely manner. Raised MSRP also protect used c8 values, and early bird purchasers of 2020 and 2021 models end up winning as their vehicle values remain at or above their original MSRP since new 2023 MSRP are over 5,000 dollars higher now.

    IF GM does open the z06 pricing below 94,000 dollars, I then would ask that GM only offer that price for the first few months with quick price increases afterward, which would bring the total MSRP in excess of 94,000 dollars soon after.

    Inflation is real, it is a consequence of
    1. printing money and issuing new credit, and
    2. not as many people being able to be productive at work in a workday (due to Covid lockdowns or parts shortages)…

    and it is time that society is held accountable for their ignorance on the topic of money printing and not going to work, aka inflation, instead of the public and publications painting GM or their Dealers out to be Satan for selling at market value that their wonderful c8 product lineup commands in a free and open market.

    Selling over msrp is not bad or illegal.

    Selling for a price which is above the original promise/agreement between the customer and the dealer is illegal.

    I was the first person in the facebook groups and forums, over a year ago, to point out and thoroughly explain that it is an FTC violation to promise a customer MSRP at time of list join, and then the dealer demand a penny over MSRP at a later date. The broken promise is the offense, not selling over MSRP. If a dealer asks 100,000 over MSRP and a customer happily agrees, no crime has been committed if there was not a customer already promised that car or its build spot at a lower price.

    GM has the tricky task of trying to solve what is fair MSRP, and just because a few cars may sell at 100,000 over msrp, does not mean that the cars would command that if instead there was more supply due to less potential/capable buyers at an MSRP of 120,000 dollars for instance.

    The people wealthy enough to pay 200,000 plus for the car would not need to pay 200,000 plus for the car if the starting msrp were 120,000, then many people who are currently on the waitlists would back off the lists and cars at or near 120,000 MSRP would be available in much higher quantities for the more wealthy buyers.

    GM directly controls how far above MSRP the cars command on the open market, as GM controls the MSRP, which ultimately controls the quantity of capable/demanding buyers.

    GM chooses IF the dealers and the flippers get that money, or do the factory workers and engineers and other supporting staff get that money. Does GM turn a profit this year, or does GM run in the red once again?

    It is MORE difficult for GM to behave properly and ask for more MSRP money, when the “cheerleaders” for corvette and other models constantly demand that GM worry about making a car for all the poor people, when GM can’t even source enough parts to keep up with the demand of the wealthy people.

    The c8 is enough for the poorer people, and so is the base camaro. The z06 is not. GM needs to turn a profit as priority number 1, period. Otherwise, there is potentially no more Corvette.

    If GM wants to worry about the poor people, they can also throw a 4 cylinder turbo motor in the back of the c8, which would benefit their CAFE EPA numbers.

    GM needs to turn a profit and that means stop being spooked by publications and youtubers who cheer when the corvette prices fall in the used market, and instead focus on keeping their prices as high as possible, and that includes taking the steps to sue any YouTube or publication who preaches against the c8’s high prices. The c8’s high prices in the used market are what allow GM the opportunity to raise MSRP to become profitable for a change.

    Cars are not supposed to appreciate while we own them, they are supposed to cost us a bit of money to drive. If cars are brining over MSRP on the used market, then GM needs to raise MSRP. The flippers are not evil, its the USA. The flippers are the people showing GM that the MSRP was too low… everyone else’s opinions otherwise, mean nothing.

    Money talks.

    Unfortunately, so do the fools who don’t even own a C8, and GM should not listen to them.

    People need to learn to understand that part of what has caused the high demand from so many buyers is because they buyers understand they can drive the car for free or even make a dollar as they get their money back or turn a profit when it comes time to sell the car.

    GM raising the MSRP each year moving forward assures used car prices stay strong and even increase.

    GM controls their destiny. Its time they stop taking advice from people who have zero idea how the money flows work in the car industry… much less take advice from people who do not yet own a c8 and wish to crash the c8 market via their ignorant opinions for personal gain to hopefully achieve a c8 at a lower price.

    GM needs to make money, and the people foolish enough to believe any car model will be going down in price in the years to come as we endure record inflation with more foreseeable money printing and viruses on the way, GM needs not worry what people this foolish and clueless think about their company or their corvette prices.

    As I stated last week in my videos, GM should be suing anyone who says a c8 transaction is overpriced, the same way ferrari sues any publication or YouTuber who has a following who says ferrari transactions are overpriced and/or who predicts that the market will fall and commands potential buyers not to buy Ferrari’s right now. GM has plenty of lawyers on retainer, they should be suing also. Its life or death right now, the c8 market being high is life for GM. Anyone who hopes for the c8 market to fall is not on GM’s team nor are they on the team of anyone who owns a late model corvette. When c8 prices raise, so do c7 and c6. We corvette owners all win.

    Its time we have publications and youtubers who recognize these simple facts and prove that they are on our team, not against us.

    Thank you again for the fair article. Long live the Corvette. Long live profits for Team Corvette and GM so that Corvette can continue. Anyone who does not understand these simple concepts, need not pretend to be on our team let alone an expert on the matter.

  27. Vette Titans: You must get a very long dinner break at GM. I’m not at all ready to join your pitty party for GM. MSRP should be actual production cost + amortized dev costs + OH allocation + reasonable automaker gross margin…. the same pricing model as virtually all hard goods are priced. If GM wanted to surely hit strong headwinds and need to file “BK” it would certainly happen of they decided to simply gouge their most loyal Customers for short-term gain – only because they could – Vette owners or otherwise. Example: how long do you think Abbott would last if they sold the small volumes of Infamil available to Mom’s for $50 a bottle/box – “just because they could” since there is a long waiting list… or because their unfortunate employees that are still employed deserve to make a lot more money. Lunacy. My guess is you don’t work in GM’s finance org… much less in the Pricing arm of finance. But maybe you just wrote your whole reply as a joke – just to see what kind of response you’d get from GM’s Customers.

  28. GM just had a heat-check with that stupid green one available to bid online only with crypto…no one was willing to bid the $235k (+/- …whatever the starting bid was), and that was a one of a kind early car. That showed that the mark-up ceiling is something lower than that…I think the ceiling is under $150k, as above that, multiple other performance car options become attainable.
    GM is irritating everyone right now…I think the best thing they could do is take the path others have (e.g. any new Ferrari, Ford GT)…and that is that only current Corvette customers can get the Z06 and than can’t flip it via contract for 1-2 years…if they’re actually working on this, this would help explain the delay in releasing pricing/ordering options.
    Everyone else can get the Stingray or upcoming E-Ray (or whatever it will be called). This still allows new buyers to access the brand, but takes care of those already loyal to the brand.

  29. Gary S,

    the $106,xxx msrp announced today is STILL GM losing money to produce the z06 with all costs factored in.

    Maybe now people such as yourself will begin to appreciate why I took the time above to explain why $120,xxx and beyond is where the starting price needs to be for GM to be profitable.

    I am not guessing.

    Cheers.

  30. Vette Titans: 1st off, there is no such thing as profit on a manufacturer’s single car model… there is only gross margin. “Profit” is a defined measurement at a company level, that includes many other factors of cost and revenues (e.g. warranty, legal, revenue recoverables or reversals, etc) that are not allocated to specific models, but held at the company level. Secondly, every one in the business knows that most of the margin on a high-end car line is accounted and quick6 accumulated with the selected options. The Corvette team is good at it… Porsche is perhaps the master. I doubt anyone will ever order/buy a “base” Z06. Just a ‘base’ C8 at one time was $59k, and there was probably little/no margin on that ‘hypothetical’ car. My 2020 (which became a 2021 by the time it could be delivered) stickered for over 90k by the time it was optioned-up. GM had plenty of margin on the vehicle. The Z06’s will be the same… with maybe the same level of margin (%) as the Other C8’s, but generating more (accounting) cash, per vehicle.

  31. More succinctly said: my guess is that + 90% of Z06’s built will sticker north of $125k, with healthy margins for the Chevy division.

  32. Well, I guess many of you prospecting buyers have dropped off the want list. I too.
    I can afford it but so I want too. Id the care worth the price over a Stingray! NO!
    Other sports cars are looking a lot better for the price.

  33. Just had my local dealer contact me and let
    Me know they would place my Z06 order but want $100,000 over MSRP. That would put my build spec at $255,000! GM needs to manage these kinds of issues with their Dealers!

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