08-24-2015, 07:47 PM | #29 | |
Drives: 2011 2SS/RS LS3 Join Date: Nov 2011
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Here's the thread...http://www.camaro6.com/forums/showthread.php?t=420633 |
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08-24-2015, 08:05 PM | #30 |
Drives: None Join Date: May 2012
Location: RI
Posts: 255
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The reason that the new Camaro is priced higher is because GM has to please the share holders. Without profits the share holders won't be happy. The IPO in 2010 was around $34 a share today below $30.
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08-24-2015, 08:20 PM | #31 | |
Dances With Mustangs
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The new Camaro is priced higher because they really went for it and made it a fantastic sports GT. I think it's absolutely worth the price they're asking. In my opinion they need to also start on a genuine entry-level model that brings new customers into the Camaro family. Right now it looks like they're going to mostly sell to the customers they already have, and how far can that go in the next 5-10 years? They have a REALLY good thing going with the Camaro; it's such a great car. Create an entry-level model at a price point new generations of customers can afford and get excited about. If they sell many times more of them than Camaros that's okay.
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08-24-2015, 08:35 PM | #32 |
Drives: Pontiac G6 Join Date: Dec 2014
Location: Michigan
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Drop the 270 hp TT engine into a Cruze, offering it in an otherwise pretty basic car for 21-22K. No one would by a Dodge Dart ever again.
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08-24-2015, 08:48 PM | #33 | |
Drives: 1969 Corvair, 2018 Camaro T4 RS Join Date: Mar 2009
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And it already has the 2.0T but call it Verano. Selling not much over 50% of projections, meeting expectations almost as well as the Dart. Laborsmith |
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08-24-2015, 09:01 PM | #34 | |||
Moderator.ca
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And it can be worse to cannibalize your own sales than to lose a few to a competitor (and at the moment, there isn't anything in the segment you're describing for a new low cost RWD 4 seater so I fail to see who GM would be losing sales to). Investing a billion dollars into a new product to make a few thousand extra sales per year is a terrible idea -unless you can make an enormous amount of money off each of those sales. But since we're talking about cars in the low $20k price range, thats not going to happen. Quote:
GM, like most businesses, looks to see how they can get the most return on their investment. For the few that they might gain (because people generally don't buy cheap, no option cars anymore) it will require a gigantic investment. For a much smaller investment, they could do a Super Sonic or a Cruze SS or a cheapo Camaro LS again, hit a similar price point and achieve similar sales. Quote:
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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08-24-2015, 09:04 PM | #35 | |
Hail to the King baby!
Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008
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08-24-2015, 09:45 PM | #36 | |
Drives: camaros in his dreams Join Date: Jul 2015
Location: dubai,UAE
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just sayin.... |
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08-24-2015, 10:30 PM | #37 |
Drives: 2011 Camaro SS Join Date: Apr 2013
Location: North Carolina
Posts: 1,849
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I think what Number 3 is stating about sales cannibalization makes sense. Sometimes we forget that companies like GM do have a profit motive. I also don't really think there are too many entry-level buyers who are going to be eager to purchase an American car that's all show and no go. As said, the Dart is a good example of that, and it didn't work out too well. A turbo Cruze, on the other hand? Hell yeah, make it happen. I can see a buyer segment for that — practicality + fun + more modest design than that Camaro. That will fit a niche that Chevy isn't filling right now. I would definitely buy one as a daily driver, allowing my Camaro to become a full-fledged project car. However, there's no way this will be $16k or less, more like $20k new.
Also bear in mind the sort of business climate we're in. American cars have gotten much, much better in the last decade. The second-hand market for used vehicles is very strong. Lots of people want the 2010 Camaros that they couldn't get new either because they were too young or because it was out of their price range at the time. For a nearly 7-year old car (or even older if you consider the first concepts that rolled out in the mid 2000's), the 5th gen is still a very modern looking vehicle by all accounts and will cover the entry-level buyer segment that wants style and performance. You can get a certified pre-owned v8 power-house in the mid to low 20k range, which is very very reasonable. |
08-25-2015, 01:53 AM | #38 |
Drives: Impala Join Date: May 2015
Location: Around
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You realize the super cheap base model Camaro from Gen 5, the LS model, is not being offered this time around because no one bought them. It would be a waste of time and effort especially when if GM were to give you what you and others want, you wouldn't buy it anyway ala the LS.
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08-25-2015, 01:58 AM | #39 | |
Drives: camaros in his dreams Join Date: Jul 2015
Location: dubai,UAE
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08-25-2015, 06:36 AM | #40 | |
Drives: 11 F150 EB/13 Sonic RS/15 Z06 Join Date: Sep 2010
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08-25-2015, 07:55 AM | #41 |
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Entry level performance model is needed by GM to compete with the ST line from Ford
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08-25-2015, 03:23 PM | #42 | ||||
Dances With Mustangs
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GM has to do something to grow their customer base if they want to survive in the long run. Reinventing the pony car phenomenon wouldn't be a bad way to do it in my opinion. Quote:
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What I'm proposing is a renewal of the original pony car formula. Obviously a few of the exciting, dynamic and forward-looking visionaries here on the forum disagree. So what would you guys propose as a way for Chevy to grow their customer base for the performance car segment?
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