Immediate 2024 ERay Allocation Available!
06-21-2024, 09:58 AM
#1
Drifting
Thread Starter
Immediate 2024 ERay Allocation Available!
UPDATE 6/27: Looks like allocation is available again! Another guy just backed out due to the color constraints!
UPDATE 6/26: Allocation is spoken for!
UPDATED UPDATE…allocation is available again as of 4:30 PM on 6/25 with a $2,500 ADM and may be negotiable since the order has to go in Thurs.
UPDATE: Allocation is spoken for…
…so the little dealer in TN I bought my Stingray from at MSRP called me this morning saying they just found out they got an immediate ERay allocation. They sold me my Stingray at MSRP, I know they just sold a Z06 at MSRP, but this is their first ERay allocation. My salesman knows the market has dropped, but his sales manager still wants an ADM. If you’re interested in negotiating with them, shoot me a PM and I’ll send you the info. Not sure how close to MSRP you’re gonna get, but it’s worth a shot! It’ll be the last of the ‘24’s, so there are some color constraints just like the rest of the C8’s have…
…so the little dealer in TN I bought my Stingray from at MSRP called me this morning saying they just found out they got an immediate ERay allocation. They sold me my Stingray at MSRP, I know they just sold a Z06 at MSRP, but this is their first ERay allocation. My salesman knows the market has dropped, but his sales manager still wants an ADM. If you’re interested in negotiating with them, shoot me a PM and I’ll send you the info. Not sure how close to MSRP you’re gonna get, but it’s worth a shot! It’ll be the last of the ‘24’s, so there are some color constraints just like the rest of the C8’s have…
Last edited by BandDirector; 06-27-2024 at 02:47 PM.
06-21-2024, 03:18 PM
#2
Drifting
Thread Starter
6/24 UPDATE ON ADM! They’re coming to their senses because the original ADM last week was much higher…
…just an FYI, they seem to be “ASKING” $5K over sticker, but the salesman says he thinks they’ll do $2500. The order goes in on Thurs, 6/27 and they’ll order it for stock at that point if there are no takers…
Looks like it’s going to take some negotiating…
…just an FYI, they seem to be “ASKING” $5K over sticker, but the salesman says he thinks they’ll do $2500. The order goes in on Thurs, 6/27 and they’ll order it for stock at that point if there are no takers…
Looks like it’s going to take some negotiating…
Last edited by BandDirector; 06-24-2024 at 03:07 PM.
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06-21-2024, 06:20 PM
#4
Drifting
Thread Starter
06-22-2024, 08:17 AM
#5
06-22-2024, 08:26 AM
#6
For as low as production has been, there are oddly a ton available. My small city has a dealer with 2 sitting on their lot for weeks now. I think the E-Ray is kind of a flop. Even with the low numbers they produced for the first year, I dare say they made a few too many. Some of these things may be sitting when the '25s start hitting which is going to mean some invoice deals. I thought it then and I think it still: they priced this car wrong. Should've packaged it in the regular Stingray body, skipped the ceramic brakes and priced it from $85K.
06-22-2024, 08:55 AM
#7
For as low as production has been, there are oddly a ton available. My small city has a dealer with 2 sitting on their lot for weeks now. I think the E-Ray is kind of a flop. Even with the low numbers they produced for the first year, I dare say they made a few too many. Some of these things may be sitting when the '25s start hitting which is going to mean some invoice deals. I thought it then and I think it still: they priced this car wrong. Should've packaged it in the regular Stingray body, skipped the ceramic brakes and priced it from $85K.
06-22-2024, 09:37 AM
#8
Long term hold and it may not matter to you but.........keep a 2LZ Z06 a couple of years and it might still be worth $100K. Nobody has a crystal ball but I'm willing to bet that a 2LZ E-Ray is worth barely more than a Stingray after 2 years of ownership. That's where the thing is really going to cost you, effectively making it cost more than the equivalent Z.
06-22-2024, 10:13 AM
#9
Long term hold and it may not matter to you but.........keep a 2LZ Z06 a couple of years and it might still be worth $100K. Nobody has a crystal ball but I'm willing to bet that a 2LZ E-Ray is worth barely more than a Stingray after 2 years of ownership. That's where the thing is really going to cost you, effectively making it cost more than the equivalent Z.
06-22-2024, 10:38 AM
#10
Fair enough. That has been a traditional characteristic of Corvette buyers for a long, long time. I'm willing to bet it has one of the longest first ownership times in the industry historically speaking. I see that shifting a lot with this new 'my first supercar' image that the C8 has. Buyers are skewing much younger, much richer and much more fickle than traditional Corvette customers. You may not care but there are plenty of folks out there that will take and extra $15-20K in depreciation costs into consideration. I think it will be the depreciation champ of the lineup. I see these $115K E-Rays being $75K cars in 3 years, especially as hybrid tech improves and the C9 become imminent. The final nail in its coffin will be if GM does indeed put the Gen 6 'LT3' DOHC engine in the C8. I think that will hurt values of all the pushrod LT2 cars but the E-Ray in particular. I'm not hating on the car, I kind of like it and yours looks amazing in Riptide over Sky Cool (I think). I'm just legitimately surprised by how the cars seem to not be selling like I thought they would. Then again, it was finally released into a marketplace that finally, finally saw the Corvette market 'normalizing' after a whirlwind 4 years in which buyers kept flipping cars for little to no cost. I'm willing to bet if the E-Ray had been ready for, say, early 2023 model year, there probably would've been a frenzy as everyone knew they could drive the latest whiz-bang thing for a year and sell it for what they paid. So probably not a fair lens that I'm viewing this through but makes for a good discussion over a beer.
06-22-2024, 10:46 AM
#11
Fair enough. That has been a traditional characteristic of Corvette buyers for a long, long time. I'm willing to bet it has one of the longest first ownership times in the industry historically speaking. I see that shifting a lot with this new 'my first supercar' image that the C8 has. Buyers are skewing much younger, much richer and much more fickle than traditional Corvette customers. You may not care but there are plenty of folks out there that will take and extra $15-20K in depreciation costs into consideration. I think it will be the depreciation champ of the lineup. I see these $115K E-Rays being $75K cars in 3 years, especially as hybrid tech improves and the C9 become imminent. The final nail in its coffin will be if GM does indeed put the Gen 6 'LT3' DOHC engine in the C8. I think that will hurt values of all the pushrod LT2 cars but the E-Ray in particular. I'm not hating on the car, I kind of like it and yours looks amazing in Riptide over Sky Cool (I think). I'm just legitimately surprised by how the cars seem to not be selling like I thought they would. Then again, it was finally released into a marketplace that finally, finally saw the Corvette market 'normalizing' after a whirlwind 4 years in which buyers kept flipping cars for little to no cost. I'm willing to bet if the E-Ray had been ready for, say, early 2023 model year, there probably would've been a frenzy as everyone knew they could drive the latest whiz-bang thing for a year and sell it for what they paid. So probably not a fair lens that I'm viewing this through but makes for a good discussion over a beer.
06-22-2024, 06:33 PM
#12
Racer
Bet dollars to doughnuts combatnija is a Z06 fanboy. If not list the contacts for those Erays sitting unsold on your local dealers lots and I will believe it. If you follow up on a car listed at MSRP they all mysteriously vanish.
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KDW19 (06-25-2024)
06-22-2024, 06:55 PM
#13
"Didn't realize how many are out there. A few near end of list with outrageous ADM, most say MSRP, https://www.cargurus.com/Cars/new/nl...te-E-Ray-d3313"
06-22-2024, 10:46 PM
#16
Safety Car
Fair enough. That has been a traditional characteristic of Corvette buyers for a long, long time. I'm willing to bet it has one of the longest first ownership times in the industry historically speaking. I see that shifting a lot with this new 'my first supercar' image that the C8 has. Buyers are skewing much younger, much richer and much more fickle than traditional Corvette customers. You may not care but there are plenty of folks out there that will take and extra $15-20K in depreciation costs into consideration. I think it will be the depreciation champ of the lineup. I see these $115K E-Rays being $75K cars in 3 years, especially as hybrid tech improves and the C9 become imminent. The final nail in its coffin will be if GM does indeed put the Gen 6 'LT3' DOHC engine in the C8. I think that will hurt values of all the pushrod LT2 cars but the E-Ray in particular. I'm not hating on the car, I kind of like it and yours looks amazing in Riptide over Sky Cool (I think). I'm just legitimately surprised by how the cars seem to not be selling like I thought they would. Then again, it was finally released into a marketplace that finally, finally saw the Corvette market 'normalizing' after a whirlwind 4 years in which buyers kept flipping cars for little to no cost. I'm willing to bet if the E-Ray had been ready for, say, early 2023 model year, there probably would've been a frenzy as everyone knew they could drive the latest whiz-bang thing for a year and sell it for what they paid. So probably not a fair lens that I'm viewing this through but makes for a good discussion over a beer.
06-23-2024, 10:21 AM
#17
Racer
ERays on the lot
Fair enough. That has been a traditional characteristic of Corvette buyers for a long, long time. I'm willing to bet it has one of the longest first ownership times in the industry historically speaking. I see that shifting a lot with this new 'my first supercar' image that the C8 has. Buyers are skewing much younger, much richer and much more fickle than traditional Corvette customers. You may not care but there are plenty of folks out there that will take and extra $15-20K in depreciation costs into consideration. I think it will be the depreciation champ of the lineup. I see these $115K E-Rays being $75K cars in 3 years, especially as hybrid tech improves and the C9 become imminent. The final nail in its coffin will be if GM does indeed put the Gen 6 'LT3' DOHC engine in the C8. I think that will hurt values of all the pushrod LT2 cars but the E-Ray in particular. I'm not hating on the car, I kind of like it and yours looks amazing in Riptide over Sky Cool (I think). I'm just legitimately surprised by how the cars seem to not be selling like I thought they would. Then again, it was finally released into a marketplace that finally, finally saw the Corvette market 'normalizing' after a whirlwind 4 years in which buyers kept flipping cars for little to no cost. I'm willing to bet if the E-Ray had been ready for, say, early 2023 model year, there probably would've been a frenzy as everyone knew they could drive the latest whiz-bang thing for a year and sell it for what they paid. So probably not a fair lens that I'm viewing this through but makes for a good discussion over a beer.
I love my ‘22 HTC first ever Corvette and I am now hesitating on the eray based on some of these comments. Not because of depreciation but more because of FOMO on newer technologies.
Thoughts?
06-23-2024, 10:59 AM
#18
E-Ray, 3LZ, ZER, LIFT
Member Since: Sep 2007
Location: NE South Carolina
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For as low as production has been, there are oddly a ton available. My small city has a dealer with 2 sitting on their lot for weeks now. I think the E-Ray is kind of a flop. Even with the low numbers they produced for the first year, I dare say they made a few too many. Some of these things may be sitting when the '25s start hitting which is going to mean some invoice deals. I thought it then and I think it still: they priced this car wrong. Should've packaged it in the regular Stingray body, skipped the ceramic brakes and priced it from $85K.
Second: You need to understand what makes the E-Ray perform! They need the wide front tires to handle the front wheel drive power. At launch, in the Hagerty 1/4-mile race video where it bested the C8 Z06 the front wheels were close to losing traction at launch. Yep electric motors have max torque at zero rpm! The CCB brakes not only help cut weight to maintain the ME handling, GM uses braking for Torque Vectoring. BTW Lamborghini has a model that also uses brakes for torque vectoring. Only downside is they could overheat when driving on a Track, which the E-Ray is capable of doing. Not with CCBs.
Tadge, in the Jay Leno E-Ray overview video also said they did not have to add drag creating air ducts to cool the CCB brakes. He said those 90-degree air ducts blasting on the rotors crates drag. Open wheel wells contribute significant drag and according to Tadge, that air blast makes them worse.
If you had an E-Ray you'd understand when using Launch Control how exciting it is to achieve 2.1 seconds 0 to 60! The front fenders raise considerable due to the high "g" acceleration achieved.
Before those without AWD get their shorts in a knot, the GM Dash Test # subtracts Dragstrip Rollout similar to Car Mags. Don't know what they subtract but can assure it's more exciting than best my ProStreet Rod Can Do!
My 11 b Poodle buddy loved it!
Built my ProStreet Rod when I retired (well semi- still have a part time Internet business.) Had plenty of small blocks and time for a BB. It has an 8.2 Liter BB, long tube Sanderson Headers, 850 Double Pumper, HD ignition. Engine is set back (reason for sedan, seats moved back) in the rigid TCI Tubbed chassis with adjustable 4 bar link suspension. It's adjusted to have instant center in front of the 3000 lb car. With height adjustable coilovers adjusted to have equal loading on the Currie 9" Ford with Posi rear 16.5" section width (420 metric) tires it has 53% static weight on the sticky Mickey Thomson tires. Built for a great launch, which it has BUT not close to my E-Ray with ZER summer tires!
Last edited by JerryU; 06-23-2024 at 05:17 PM.
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KDW19 (06-25-2024)
06-23-2024, 03:58 PM
#19
Just spoke with a neighbor who is a service manager for a local dealer. He says they have 30 C8’s on the lot of various flavors. They’re doing out of State deals to move them. I’m #28 for an eray at another dealer and I got a call asking me if I wanted to move on a ‘24 today. I said no.
I love my ‘22 HTC first ever Corvette and I am now hesitating on the eray based on some of these comments. Not because of depreciation but more because of FOMO on newer technologies.
Thoughts?
I love my ‘22 HTC first ever Corvette and I am now hesitating on the eray based on some of these comments. Not because of depreciation but more because of FOMO on newer technologies.
Thoughts?
