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Old 03-06-2014, 09:54 AM   #1
RyKramer99
 
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Do you think ZL1 price will go down with new Z28?

I was wondering if you guys think the price of a used Zl1 will go down with new Z28s hitting the market soon?
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Old 03-06-2014, 10:20 AM   #2
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No. It will go down due to normal depreciation which is usually pretty steep.
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Old 03-06-2014, 10:28 AM   #3
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No. It will go down due to normal depreciation which is usually pretty steep.
Agreed.

Honestly, very different cars. I'll keep my ragtop and amenities, TYVM.
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Old 03-06-2014, 10:30 AM   #4
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Old 03-06-2014, 10:31 AM   #5
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With used cars, it's still like new ones. Supply and demand. If people are getting rid of a lot of ZL1s and they end up on car lots, then prices will plummet because of market saturation levels, which basically dictates your depreciation. If a car is still hot items, depreciation is slowed. People stop buying the new ones, the used market falls, too.

But familiarity breeds contempt, and with markets getting saturated with ZL1s, it's not a stretch to buy a new one from a normal used price with the discounts many dealers are willing to give. This further suppresses used car prices to get that elusive sweet spot in the difference of the price of a new and used version.

It's not always the best method, but if you want to save some jack on a ZL1 and be reasonably confident that the car is still a good one, buying a low-mile used one from an original owner is normally a good bet. There's an excellent chance the car has been well taken care of and you still don't have to pay new car price.

But it won't have much of an effect with only 500 Z/28s to contend with this year. They already have problems selling. Hence the $500 cash back on ZL1s.
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Old 03-06-2014, 10:36 AM   #6
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Not a chance.
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Old 03-06-2014, 11:17 AM   #7
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One has nothing to do with the other.
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Old 03-06-2014, 11:48 AM   #8
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The Z/28 has a very limited target market. Most people do not want such a "raw" car. The ZL1 has all the creature comforts and is faster in a straight line. It is also fast enough for most people on the track. Most won't want to pay the $20k premium for the Z/28 and only pick up a little more track capability. GM had to be pretty disappointed that the Z/28 only beat the ZL1 by 4 seconds (I think that was the difference) around the Nurburgring. I know it was wet, but GM was hoping for a wider time spread in order to validate the Z/28's large price premium.

The Z/28 is more of a advertisement for GM/Chevy's racing capabilities. They won't make much $$$ on the Z/28 directly, but it will certainly bring buyers into the lower Camaro trims.

Think of it: The SS is a niche car to begin with, the ZL1 even more of a niche car, with the Z/28 only shrinking the pool of potential buyers even more. None of the 3 should affect the other's values, unless there is some kind of a design flaw that they all share.
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Old 03-06-2014, 11:50 AM   #9
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They're both premium vehicles for different reasons. I don't see any logic in reducing the price.
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Old 03-06-2014, 11:57 AM   #10
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I appreciate the feed back, I am looking at getting my hands on a 2013 Zl1.
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Old 03-06-2014, 12:11 PM   #11
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I appreciate the feed back, I am looking at getting my hands on a 2013 Zl1.
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Old 03-06-2014, 01:58 PM   #12
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Originally Posted by BigBoyBlue View Post
The Z/28 has a very limited target market. Most people do not want such a "raw" car. The ZL1 has all the creature comforts and is faster in a straight line. It is also fast enough for most people on the track. Most won't want to pay the $20k premium for the Z/28 and only pick up a little more track capability. GM had to be pretty disappointed that the Z/28 only beat the ZL1 by 4 seconds (I think that was the difference) around the Nurburgring. I know it was wet, but GM was hoping for a wider time spread in order to validate the Z/28's large price premium.

The Z/28 is more of a advertisement for GM/Chevy's racing capabilities. They won't make much $$$ on the Z/28 directly, but it will certainly bring buyers into the lower Camaro trims.

Think of it: The SS is a niche car to begin with, the ZL1 even more of a niche car, with the Z/28 only shrinking the pool of potential buyers even more. None of the 3 should affect the other's values, unless there is some kind of a design flaw that they all share.
I not going to agree with the SS being a niche car at all.
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Old 03-06-2014, 02:47 PM   #13
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Originally Posted by el ess A View Post
With used cars, it's still like new ones. Supply and demand. If people are getting rid of a lot of ZL1s and they end up on car lots, then prices will plummet because of market saturation levels, which basically dictates your depreciation. If a car is still hot items, depreciation is slowed. People stop buying the new ones, the used market falls, too.

But familiarity breeds contempt, and with markets getting saturated with ZL1s, it's not a stretch to buy a new one from a normal used price with the discounts many dealers are willing to give. This further suppresses used car prices to get that elusive sweet spot in the difference of the price of a new and used version.

It's not always the best method, but if you want to save some jack on a ZL1 and be reasonably confident that the car is still a good one, buying a low-mile used one from an original owner is normally a good bet. There's an excellent chance the car has been well taken care of and you still don't have to pay new car price.

But it won't have much of an effect with only 500 Z/28s to contend with this year. They already have problems selling. Hence the $500 cash back on ZL1s.
I agree, but I think the biggest factors are the Z/28's low production numbers (not enough to move the ZL1 market) and its price point. They are not close in price.

I guess its kind of like saying will the ZL1 push the price down on the SS's? I don't think it did.
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Old 03-06-2014, 03:22 PM   #14
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I think that the Stingray affected the ZL1 market, multiple dealers I spoke with said they got their ZL1 on a trade in for a Stingray.
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