COMPLETE 2010 Camaro Pricing - with OPTIONS!
#182
I think a major reason people are upset is while you are right adjusted for inflation the price is in line with 2002. But what your forget to add is the average Joe like me and many others have not had our wages increase to keep up with inflation at 3% per year. I am actually taking home less per week than 6 years ago if you factor in insurance, gas prices, food etc.
#183
INFLATION!!!
Base cost for an '02 Z/28 Coupe, no options was $22,800. If we do 7 years of inflation on this base price @ 3% inflation we net $27,500.00. At 4% inflation we are at $30,000 even. All things considered, the base is roughly the same cost as it was in 2002, inflation adjusted. I did not include tax, destination charge, etc for ease of reading.
For the SS, it started at $32,780. Again, at 3% inflation for 7 years we net $40,300. At 4% we net $43,000.00.
Bottom line, prices are roughly where they were 7 years ago, so I dont understand why everyone is complaining.
As for the mustang comparison, you get what you pay for and I will leave it at that
Base cost for an '02 Z/28 Coupe, no options was $22,800. If we do 7 years of inflation on this base price @ 3% inflation we net $27,500.00. At 4% inflation we are at $30,000 even. All things considered, the base is roughly the same cost as it was in 2002, inflation adjusted. I did not include tax, destination charge, etc for ease of reading.
For the SS, it started at $32,780. Again, at 3% inflation for 7 years we net $40,300. At 4% we net $43,000.00.
Bottom line, prices are roughly where they were 7 years ago, so I dont understand why everyone is complaining.
As for the mustang comparison, you get what you pay for and I will leave it at that
Your correct in assuming the inflation changes from 2002 to 2008; however you are not factoring in the change in household incomes.
According to the Census Bureau household incomes in 2003 were $45,324 and in 2007 $50,233 resulting in a overall increase of 10.3%. The change in prices of a base V8 Camaro from 2002 at $22,800 and the new base V8 Camaro at $30,992 is an increase of 35.92%. This is quite a difference in price relative to average household purchasing power.
Add these facts on top of a currently bleak economic outlook, the Camaro looks even less appealing; especially considering its sacrifices in functionality.
At the current price structure I predict the Camaro to be a success but not anything that will greatly improve GM's profitability. The fact that it is not close to the Mustang in strictly price will be a large factor in the Camaros insignificance from a pure business standpoint.
#184
http://www.chevrolet.com/camaro/pdf/...ifications.pdf
did they just add the pricing and options stuff to that or am i just crazy?
did they just add the pricing and options stuff to that or am i just crazy?
#185
http://www.chevrolet.com/camaro/pdf/...ifications.pdf
did they just add the pricing and options stuff to that or am i just crazy?
did they just add the pricing and options stuff to that or am i just crazy?
#186
I think a major reason people are upset is while you are right adjusted for inflation the price is in line with 2002. But what your forget to add is the average Joe like me and many others have not had our wages increase to keep up with inflation at 3% per year. I am actually taking home less per week than 6 years ago if you factor in insurance, gas prices, food etc.
These prices are right along what I expected -- very competitive with everything except a stripper Mustang. The tough part will be the economic conditions.
Also for those saying it's a little too expensive, GM has a tenancy to run "loyalty" rebates and "new owner" rebates, so just about everyone should qualify for 1-2K off the sticker through some program.
#189
Anyways,
The real question is if Ford drops the 400hp bomb in a mass neutral, or slightly heavier Mustang and it edges out the SS in straight line performance, will GM drop say a 450-475hp Bomb on Ford's door. Will Ford respond with a 425hp 5.0 and will GM retort with a 500hp SS??????!!!!!!
If GM drops a 550hp Z/28 on the GT500 will Ford drop a 600hp GT500 on the Z/28 and will GM retort with a 800hp Z/28?????!!!!!!
Inquiring minds want to know!
#190
The more I thought about it during the day, the more I feel the car is overpriced.
A fully loaded SS coupe should have come in for about $30-33K. A fully loaded SS vert should come in at 35-38K, not the $40-42K that it will be. And then add HUD and park assist that is coming and the price will go up further. Plus they will keep raising the price 1-2 times per year.
So by 2012-2013, a fully loaded SS vert will probably run around $45K. WOW!!!
Car companies should not price vehicles with respect to the previous model or year, but instead by what their target demographic makes in wages.
While I could afford a $40-45K car, I don't think I can justify it. I may have to buy used, but any difference in price will be wiped out by the difference in the interest rate between new & used cars.
A fully loaded SS coupe should have come in for about $30-33K. A fully loaded SS vert should come in at 35-38K, not the $40-42K that it will be. And then add HUD and park assist that is coming and the price will go up further. Plus they will keep raising the price 1-2 times per year.
So by 2012-2013, a fully loaded SS vert will probably run around $45K. WOW!!!
Car companies should not price vehicles with respect to the previous model or year, but instead by what their target demographic makes in wages.
While I could afford a $40-45K car, I don't think I can justify it. I may have to buy used, but any difference in price will be wiped out by the difference in the interest rate between new & used cars.
#192
I hate to jump on the fail boat wagon, but I am predicting that this thing will last about as long as the "GTO".
Prices were a little lower than I expected......doesn't matter to me though.... I will not be purchasing one.
When thinking about it....I think GM is trying to target the baby boomers who want to try and recapture the "old" days(while GM rakes in their life's savings). In doing so, they have totally forgot what this car is supposed to be.....a decently priced V8 performance car that the average Joe/Jane can afford.
Last edited by ACE1252; 10-14-2008 at 01:31 AM.
#193
The only way not to consider a Vette, to the new Camaro, is if you need a back seat or are just a blinded Camaro fanatic. That, sadly enough, is not going to keep this car going. The Camaro team should have taken a page from the Corvette team.....they saved the Vette from the ax and have boosted Vette sales doing it.
In the new car arena, with the economy these days, I'm sure the Mustang will more than compete with the new 5th gen....I'm more than confidant about that.....
I really think this is a swing and miss by GM.
Of course, the future is not written......I hope I'm dead wrong on all of this......but to me it does not look good.