GM Loses Money on Every 2020 Corvette Below $80,000

GM Loses Money on Every 2020 Corvette Below $80,000

Discuss the possibility of getting one for your team.

It appears that the 2020 Chevrolet Corvette The starting price for a house is below $60,000 It was too good to be true. Not for us, but GM. And they’re perfectly okay with it. Motor Trend was informed by a source at GM that GM will continue losing money on all new Chevrolet Corvettes they sell below $80,000 A source confirmed that the 2020 Chevrolet Corvette will be priced at $80,000. Would rise By 2021, with possible additional increases in the years following. But is it high enough to pay the long-term costs?
This is not a new strategy. We have heard of other manufacturers selling halo cars at a high price or with unusual specs. The interesting thing about GM’s strategy is that it seems to be a very different one. According to the source, the C8 budget was set at $79,995, incorporating the redesign and new configuration. This is quite a leap from the C7’s previous pricing. Chevy is willing to accept the loss in order to make customers happy. With an extensive array of accessories and other bits , they hope that buyers will turn their $60,000 Corvette to something closer to $80,000.

Pricing for the Z06, ZR1 is also important. According to the Source, the optimal profit margin and sales volume are between $80,000 and $100,000. Volume drops dramatically once the car reaches the six-digit range. We will have to watch and wait to see how GM and Chevrolet play the game with high-priced, low-volume cars. Let’s hope they don’t lose too many customers or take too much risk.