Holden announce RHD Corvette.

[white lie]

I haven't seen anything about RHD C8 being cancelled, nor have I heard anything from any "Holden" Dealer about this car. It should be remembered that the Corvette is for other RHD markets as well as Aussie.

That's true but they have also pulled out of the entire RHD market worldwide. There would be many other vehicles across the globe that would be more profitable for them than the C8.

If they come here in RHD form, great! But they'll still be 150+ (probably more like 180). If they require HSV/ASV/GMSV to convert them then probably 200k.

If GM scrap the RHD cars, the best case would be to send incomplete vehicles to GMSV to be finished locally, giving them access to all the necessary parts. That will keep the price down a little.

[SASLS1]

When Holden officially announced the C8 Corvette for Australia on the 19th July 2019, the US dollar was worth $0.7042 cents AUD.

7 months later, the US dollar is worth only $0.65 cents AUD today 12 March 2020.


Base model C8 1LT is $59000 USD plus Z51 performance package $5000, so total ~ $64000 USD.

$64000 USD on the 19th July 2019 @ $0.7042 cents AUD exchange rate, equaled $90883.27 AUD

$64000 USD today @ $0.65 cents AUD on latest current exchange rate, equals $98461.53 AUD.

So the C8 1LT price just from the exchange rate for the Australian market, has jumped $7578.26 AUD in 7 months


The top spec C8 3LT starts at $71945 USD, plus the Z51 performance package $5000 USD comes to ~ $76945 USD.

$76945 USD on the 19th July 2019 @ $0.7042 cents AUD exchange rate, equaled $109,265.83 AUD

$76945 USD today @ $0.65 cents AUD on latest current exchange rate, equals $118,376.92 AUD.

So the C8 3LT price just from the exchange for the Australian market, has jumped $9111.09 AUD in 7 months.


This is why they haven't announced a price yet for the Australian market IMO, and makes it that much harder for them to do so.

On the 16th February 2020 when Holden announced " General Motors will be retiring the Holden brand in Australia and New Zealand." they said in a Q & A at the bottom of the press release the following.

"Is Corvette still coming to Australia and New Zealand ?

We will work through this and share information in the coming months."


So they still haven't decided 100% what is going to happen with the C8 coming to Australia.

The Corona Virus has thrown a total spanner in the works, with the markets in free falling, the RBA cutting the interest rate again in reaction.

But the RBA interest rate cut, just kills the Australian dollar, which makes the C8 Corvette for the Australian market that more expensive and harder to sell.


I still want to see the Factory Right Hand Drive C8 Corvette sold in Australia 100%.

The price is going to be very interesting to see what it finally comes out at, if the C8 is 100% finally green lighted.

See what happens in the coming months.

That's my 3 cents...

The Australian to US dollar has dropped another 5 cents in just 6 days, to $0.60 AUD ...



C8 1LT with Z51 pack $64000 USD, 6 days ago (12th March 2020) was $98,461.53 AUD, today its jump another $8205.13 AUD to $106,666.66 AUD....

C8 3LT with Z51 pack $76945 USD, 6 days ago (12th March 2020) was $118,376.92 AUD, today its jump another $9864.74 AUD to $128,421.66 AUD....


So the C8 1LT with Z51 pack has jumped from $90,883.27 AUD on Australian release announcement (19th July 2019), to $106,666.66 AUD, a Total Price rise of $15,783.39 !!!......

So the C8 3LT with Z51 pack has jumped from $109,265.83 AUD on Australian release announcement (19th July 2019), to $128,421.66 AUD, a Total Price rise of $19,155.83 !!!......

Crazy Economic times ATM...

[whitels1ss]

The Australian to US dollar has dropped another 5 cents in just 6 days, to $0.60 AUD ...

Yeah, I can't believe the prices I have been paying to buy some parts for my Corvette from the states by the time you add conversion, postage & GST.

[Pickles]

The Australian to US dollar has dropped another 5 cents in just 6 days, to $0.60 AUD ...



C8 1LT with Z51 pack $64000 USD, 6 days ago (12th March 2020) was $98,461.53 AUD, today its jump another $8205.13 AUD to $106,666.66 AUD....

C8 3LT with Z51 pack $76945 USD, 6 days ago (12th March 2020) was $118,376.92 AUD, today its jump another $9864.74 AUD to $128,421.66 AUD....


So the C8 1LT with Z51 pack has jumped from $90,883.27 AUD on Australian release announcement (19th July 2019), to $106,666.66 AUD, a Total Price rise of $15,783.39 !!!......

So the C8 3LT with Z51 pack has jumped from $109,265.83 AUD on Australian release announcement (19th July 2019), to $128,421.66 AUD, a Total Price rise of $19,155.83 !!!......

Crazy Economic times ATM...

SASLS1, you are a very good man with the figures & yours is an excellent post.
Like I've said, whilst I'm not in a position to own a C8, I'd like to see GM's original "Yes" on C8 maintained, & whilst I haven't seen a definite "No", & haven't heard any recent "confirmation" either.
Corona Virus is a HUGE issue for all of us, not sure that some realize this as yet....so yes this will affect C8 too.
Pickles.

[SASLS1]

SASLS1, you are a very good man with the figures & yours is an excellent post.
Like I've said, whilst I'm not in a position to own a C8, I'd like to see GM's original "Yes" on C8 maintained, & whilst I haven't seen a definite "No", & haven't heard any recent "confirmation" either.
Corona Virus is a HUGE issue for all of us, not sure that some realize this as yet....so yes this will affect C8 too.
Pickles.

Thanks, always been into numbers.

The last Official word / press release on Corvette C8 for Australia from Holden was on the 16th February 2020 as I posted previously, here is the quote below.

"Is Corvette still coming to Australia and New Zealand ?

We will work through this and share information in the coming months."


I so want to see a Factory RHD C8 Corvette released / sold in Australia.


This just popped up yesterday...

[S&S]

Hi guys,

Looks like the last time I posted in here was in August.

If anyone is looking for pricing on the C8 or if it is still coming here I think we have to wait and see if we are in a recession or going straight to a depression. Right now the US dollar is strong because it is seen as a safe haven against a recession but that could change at anytime. If you are thinking the world economy is tanking because of Corona virus then you are misled although the government wants you to believe its the virus, the economy (world) has been on the side for a lot longer than the virus. I think I could get flamed for these comments but my opinion is based on facts.

[Tre-Cool]

Hi guys,

Looks like the last time I posted in here was in August.

If anyone is looking for pricing on the C8 or if it is still coming here I think we have to wait and see if we are in a recession or going straight to a depression. Right now the US dollar is strong because it is seen as a safe haven against a recession but that could change at anytime. If you are thinking the world economy is tanking because of Corona virus then you are misled although the government wants you to believe its the virus, the economy (world) has been on the side for a lot longer than the virus. I think I could get flamed for these comments but my opinion is based on facts.

Yeah i'm with ya. Even the US has been doing bulk quantitative easing for years & just lately they have been doing it again.

[SASLS1]

Hi guys,

Looks like the last time I posted in here was in August.

If anyone is looking for pricing on the C8 or if it is still coming here I think we have to wait and see if we are in a recession or going straight to a depression. Right now the US dollar is strong because it is seen as a safe haven against a recession but that could change at anytime.If you are thinking the world economy is tanking because of Corona virus then you are misled although the government wants you to believe its the virus, the economy (world) has been on the side for a lot longer than the virus. I think I could get flamed for these comments but my opinion is based on facts.

Reserve Bank of Australia latest press release below... Couple of hours before your post.

Another interest rate cut in an Emergency Meeting (Total Abnormal... ) before the usual monthly meeting on RBA interest rate decisions. So 2 separate interest rate cuts in March 2020.

Australian Dollar Fell to 0.55 cents upon the RBA interest rate cut announcement...



"Statement by Philip Lowe, Governor: Monetary Policy Decision

Number 2020-08


Date 19 March 2020

The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including restricting movements within countries and within cities. The result has been major disruptions to economic activity across the world. This is likely to remain the case for some time yet as efforts continue to contain the virus.

Financial market volatility has been very high. Equity prices have experienced large declines. Government bond yields have declined to historic lows. However, the functioning of major government bond markets has been impaired, which has disrupted other markets given their important role as a financial benchmark. Funding markets are open to only the highest quality borrowers.

The primary response to the virus is to manage the health of the population, but other arms of policy, including monetary and fiscal policy, play an important role in reducing the economic and financial disruption resulting from the virus.

At some point, the virus will be contained and the Australian economy will recover. In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly.

At a meeting yesterday, the Reserve Bank Board agreed to the following comprehensive package to support the Australian economy through this challenging period:


1. A reduction in the cash rate target to 0.25 per cent.
The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band.

2. A target for the yield on 3-year Australian Government bonds of around 0.25 per cent.
This will be achieved through purchases of Government bonds in the secondary market. Purchases of Government bonds and semi-government securities across the yield curve will be conducted to help achieve this target as well as to address market dislocations. These purchases will commence tomorrow. The Bank will work closely with the Australian Office of Financial Management (AOFM) and state government borrowing authorities to ensure the efficacy of its actions. Further details about the implementation of this are provided in the accompanying notice.

3. A term funding facility for the banking system, with particular support for credit to small and medium-sized businesses.
The Reserve Bank will provide a three-year funding facility to authorised deposit-taking institutions (ADIs) at a fixed rate of 0.25 per cent. ADIs will be able to obtain initial funding of up to 3 per cent of their existing outstanding credit. They will have access to additional funding if they increase lending to business, especially to small and medium-sized businesses. This facility is for at least $90 billion. Further details are available in the accompanying notice.

The Australian Government has also developed a complementary program of support for the non-bank financial sector, small lenders and the securitisation market, which will be implemented by the AOFM.

4. Exchange settlement balances at the Reserve Bank will be remunerated at 10 basis points, rather than zero as would have been the case under the previous arrangements.

This will mitigate the cost to the banking system associated with the large increase in banks' settlement balances at the Reserve Bank that will occur following these policy actions.


The Reserve Bank will also continue to provide liquidity to Australian financial markets by conducting one-month and three-month repo operations in its daily market operations until further notice. In addition, the Bank will conduct longer-term repo operations of six-month maturity or longer at least weekly, as long as market conditions warrant.

The various elements of this package reinforce one another and will help to lower funding costs across the economy and support the provision of credit, especially to small and medium-sized businesses.
Australia's financial system is resilient and well placed to deal with the effects of the coronavirus. The banking system is well capitalised and is in a strong liquidity position. Substantial financial buffers are available to be drawn down if required to support the economy. The Reserve Bank is working closely with the other financial regulators and the Australian Government to help ensure that Australia's financial markets continue to operate effectively and that credit is available to households and businesses.


Today's policy package from the Reserve Bank complements the welcome fiscal response from governments in Australia. Together, these measures will support jobs, incomes and businesses through this difficult period and they will also assist the Australian economy in the recovery."

[SASLS1]

Hi guys,

Looks like the last time I posted in here was in August.

If anyone is looking for pricing on the C8 or if it is still coming here I think we have to wait and see if we are in a recession or going straight to a depression. Right now the US dollar is strong because it is seen as a safe haven against a recession but that could change at anytime. If you are thinking the world economy is tanking because of Corona virus then you are misled although the government wants you to believe its the virus, the economy (world) has been on the side for a lot longer than the virus. I think I could get flamed for these comments but my opinion is based on facts.

The Corona Virus is having a Massive impact on the Whole World Economy across all industries...

Here the Top US Tourism Industry Executives CEO's, explain themselves in their own words, the direct impact the Corona Virus is having on their own business's, and the follow on effect of all their suppliers, and local bars / restaurants / tourism being directly effect also from all the near empty hotels across the world...

These are real Facts...

[S&S]

Yeah i'm with ya. Even the US has been doing bulk quantitative easing for years & just lately they have been doing it again.

Last week QE in the US they spent 1 trillion in 48 hours in the repo market...........how long and how much they can spend is not known but it can't end well.

The Corona Virus is having a Massive impact on the Whole World Economy across all industries...

Here the Top US Tourism Industry Executives CEO's, explain themselves in their own words, the direct impact the Corona Virus is having on their own business's, and the follow on effect of all their suppliers, and local bars / restaurants / tourism being directly effect also from all the near empty hotels across the world...

These are real Facts...

There is no doubt that Corona is a problem but its more like the straw that broke the camels back.

I'm not a fan of mainstream media and it looks like you are good at research so if you have no or little knowledge of the "cash ban" or "bail in" in Australia which I have never seen on commercial TV networks, look those two things up. First go mainstream then try Youtube and you will get different reasons for their introduction.


Back to C8 and I can't find the story anymore but LHD/RHD of the C8 was said to be easier by GM as the motor is in the back and the cost was therefore lower and more practical to do.

[SASLS1]

If you are thinking the world economy is tanking because of Corona virus then you are misled although the government wants you to believe its the virus, the economy (world) has been on the side for a lot longer than the virus. I think I could get flamed for these comments but my opinion is based on facts.

There is no doubt that Corona is a problem but its more like the straw that broke the camels back.

I'm not a fan of mainstream media and it looks like you are good at research so if you have no or little knowledge of the "cash ban" or "bail in" in Australia which I have never seen on commercial TV networks, look those two things up. First go mainstream then try Youtube and you will get different reasons for their introduction.

Back to C8 and I can't find the story anymore but LHD/RHD of the C8 was said to be easier by GM as the motor is in the back and the cost was therefore lower and more practical to do.

The RBA's press release quoted above previously, Totally Contradicts your above statement.

International Airlines around the world have massively reduced capacity with the vast majority of their planes sitting on the ground not flying, standing down thousands of staff, from government enforced international travel bans.

Massive over supply of oil and massive drop in demand, due to all aircraft, cruise ships and cars not using as much fuel, hence the oil price has dropped to the lowest level's in 18 years.

The direct flow on affect...... World tourism has basically ground to a halt, near empty Hotel / Motels, Cruises have stopped, and all the other business's which rely on tourism are massively affected.

All the business's that have been forced to close due to Social distancing requirements.

Formula 1 season suspended.

Indycar season suspend.

NBA season suspended.

AFL and NRL season's suspended.

All the stock markets have taken a massive nose dive due to the Corona Virus. Hence Super funds are taking a massive nose dive which are heavily invested in stock markets.

Qantas stood down 20000 staff.

Virgin stood down 8000 staff.

Myer closing stores and standing down 10000 staff.

Government lock downs across the world.

Australian state boards being closed.

The list of Facts go on and on...

Nothing has hit the world economy this hard for ages, closing down whole city economy's across the world is having a massive impact across the globe.

The World economy is massively "Tanking" due to the Corona Virus, from all the flow on effects, it has caused listed above.

You haven't listed one single fact to show otherwise or justify your argument, Zero...

Everybody is entitled to an opinion yes... But an opinion without a valid argument or facts to back up one opinion, is meaningless.



The main stream media, is so bias it's Total Ridiculous...

Did you notice I linked the direct White House You Tube channel "Actual uncut" press conference, with the Motel / Hotel CEO speaking.

These are direct fact's from the horses mouths.... not regurgitated biased totally flipped narratives / rubbish you see on the 6pm TV news every night.

CBS in the USA, bought channel 10 in Australia...

CBS is a Totally Leftist Liberal Network... (ie Anti Trump).

Hence every time you watch the 6pm news in Australia its "Always" anti Trump BS......

But the power of You Tube, you can go watch the live uncut feed of any Trump press conferences their reporting on that night, and can clearly see how totally bias their reporting is, at complete polar opposites to actual what happen. It's a complete joke...

The vast majority of people you speak to, just regurgitate the bias BS they saw on the 6pm news and quote it like fact, when it's nothing more than subjectively hollow bias opinion.

Then you ask them to explain themselves, and they have no idea what there talking about. It's totally laughable...



Right hand drive was part of the design for C8 Corvette for the first time from the get go, where all previous generation Corvettes it was not part of the design.

Bring on the RHD C8 Corvette.

[SASLS1]

Some C8 Goodness...

[SASLS1]

[S&S]

You haven't listed one single fact to show otherwise or justify your argument, Zero...

Everybody is entitled to an opinion yes... But an opinion without a valid argument or facts to back up one opinion, is meaningless.

I'm a little pressed for time and to be honest I could spend hours showing charts and graphs to get my point across so instead you like youtube so have a look at this. Martin North a well respected financial analyst who has also appeared on 60 minutes,the news and several radio programs.



You only have to watch the first few minutes and its all there.

So back to C8 and do we get it in Oz?

Given the current world economy I have my doubts, IMO it all depends on how GM reacts to the situation RHD for them does not appear high on their to do list. I'm thinking they will just put the hand out for a bunch of government money and then buy back their own stock forget RHD for now and concentrate on LHD markets. I hope I am wrong because I have my eye on ZO6 at the right price but I can't see it happening at a fair price.

I would be interested to know what other people think on this forum?

[korrupt]

Another article painting a less than ideal picture...

https://www.caradvice.com.au/846435/...s-development/