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Business

What do current Corvette owners think of the new C8 Stingray?




We visit one of the oldest Corvette events in the world to find out.

Chevrolet unveiled its all-new 2020 Corvette Stingray Thursday, July 18th. As luck would have it, the same day saw upwards of 400 corvettes and approx. 1000 "Vette fans roll into the small western South Dakota town of Spearfish for the 48 th Black Hills Corvette Classic. This annual event hosts the Sioux Falls Corvette Club, bringing in Corvette owners from across the country to enjoy an incredible blend of mountains, canyons, and open cliff roads throughout the region. The four-day festival is not the biggest celebration of American sports car, but has experienced almost as long as the Corvette itself, it is one of the oldest.

It also happens in your grand base, as I keep Motor1.com's Western office in Rapid City, just 50 miles south of the action. More importantly, the Black Hills Corvette Classic is very much a driver's event – the overwhelming majority of participants come in the C5 generation corvettes up, and yes, owners are predominantly retired. In other words, this group is the main audience GM hopes to reach with the new C8. Kind of, anyway. More about it in a bit, but here's a teaser. My takeaway from this event can be summed up in two words: cautious optimism.



While attending the event's show-and-shine in the center of Spearfish, I had the opportunity to chat with Sioux Falls Corvette Club director Barry Konken. Aside from selling Corvettes and having a deep "Passion Passion inherited from his father, Konken is very active with both the club and the Black Hills Corvette Classic as an organizer. 2019 marks its 33 year years at the event, and this time the group's arrival at Spearfish along with C8's revealing came. The live stream was on the big screen for the participants of the group's hotel convention center, and according to Konken it was unlike anything he had seen.

"We never had the conference room full the first night we come out here," he said. "We have a banquet and entertainment Saturday night which gets a lot, but to reveal, the conference center was fully full. 800? 1000 people? The room had maximum capacity."

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19659112] The King explained that when the car was revealed, About half the audience without listening to details about engine, performance or price. Is it a bad omen for GM? Possibly, but logistics can be a factor here. C8 did not take the stage before. 21.30 local time, and most participants had already spent a very long day on the road. And for us to forget, the average age of Corvette owners is 61, and that's an average . I actually saw a person climbing out of a C7 at the car show with an oxygen tank in tow, so yes, this mass display could simply be chalked up to exhausted retirees ready for a good night's sleep.

Still, careful optimism seems to be the key phrase for today's Corvette owners, at least among this crowd. Perusing hundreds of vettes parked downtown, I had the opportunity to talk to dozens of dozens of owners. Yes, it's a very small cross section in the big scheme of things, but almost everyone had the same things to say, and that's remarkable. In short, the new C8 is a stylish car – great looks indeed. Almost everyone agreed, but I did not speak to a single person who was ready to buy one, despite a staggering price at the entry level below $ 60,000.

I didn't speak to a single person who was ready to buy one, despite a jaw-dropping entry-level price below $ 60,000.

Why is it? The problem mentioned was most reliable. Almost every person expressed concerns about GM getting all the errors prepared, especially since this is a brand new car. Some had heard the rumors of electrical problems in prototypes, but most were just skeptical about jumping into a brand new Corvette platform. Some people I spoke to expressed clear interest after a couple of years, but most owners I talked to were well, cautiously optimistic .





I was also keen to find out if today's Vette owners felt like a car with the engine behind the driver was really a Corvette. In general, the answers I received on this question were favorable if it was unclear. For the most part, people were more interested in car performance as opposed to engine placement. That's not to say that there were not a handful of vocal detractors who didn't want anything with C8. In fact, several people expressed dissatisfaction about the C8 which still had no round tail lights than the mid-engine configuration, including the few younger Corvette owners who participated in the event (yes, they exist). Are you listening to this, Chevrolet?

On the topic of younger owners, here's things being dicey for GM and the new C8 Stingray. There is absolutely no doubt that Corvette buyers are getting older, and without being morbid, it is not possible from a business point of view to expect demographic growth. Yes, Corvette needs to appeal to the older crowd, but it must also appeal to a younger audience who would otherwise invest in a Porsche 911 or an Audi R8. The difficult part attracts the new audience without completely extending the loyal existing customer. It's not an easy thing to do.

Will the C8 Corvette Stingray be able to bridge the age gap? To be silent, must if the corvette hopes to survive. Exceptional performance and low cost will certainly help, and based on my evening with today's Corvette owners in the heart of America, there is some optimism that this can happen. Careful optimism, anyway.

Special thanks to Barry Konken, the Black Hills Corvette Classic and the Sioux Falls Corvette Club.

Black Hills Corvette Classic Pictures of Christopher Smith / Motor1. Corvettes Classic

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