GV60 Canadian Pricing Estimations

[fredf]

Well guys, at the prices being talked about here I would have to say it's been interesting but no thanks Genesis

 

[Looney100]

I would compare with XC40-recharge, Q4 etron. For entry luxury compact SUV-EV segment, they price below 60000$. So I do expect they will starts at 59999.
Genesis will have to introduce an RWD variant (like the UK had),
Currently CA genesis site only has Advance, Performance. But to compete, they will add the RWD entry version.

As well, there's other luxury. It needs to be competitive within the same segments (if I was an Marketing director at Ca.Genesis).

I had a look at the Volvo website, you would need to fully load the XC40 - at $72K - to bring it close to the GV60 Advanced, and I'd argue that it would still fall short in a couple areas. If that is the comparison, I'd say the GV60 is priced fairly - at least the advanced.

 

[jerry_jones]

I had a look at the Volvo website, you would need to fully load the XC40 - at $72K - to bring it close to the GV60 Advanced, and I'd argue that it would still fall short in a couple areas. If that is the comparison, I'd say the GV60 is priced fairly - at least the advanced.

I think you work for Genesis, always shooting down the competition. Just saying....

 

[Jeffrey83]

Honestly if the pricing comes out anywhere near what some dealers are suggesting I think this will be a long term flop. Genesis is still built on value for dollar. They give better features and options and still undercut to competition. If the Q4 etron and XC40 recharge start at $59,995 in Canada the genesis can’t be much higher then that. If they try for a $70k base price for advance many pre orders will be canceled and although it will probably still sell ok initially just for the sake of it being available once more options come to market sales will stop. EV6 GT2 and Ioniq 5 limited have options such as the blind view, surround monitor, smart park and upgraded audio system that the advanced doesn’t have. Those sticker for $62, plus are eligible for a 5k rebate. To me $65 is a stretch and the advance should be in the 62-65 range to make it work, would live to see an Audi fighting $59,985 price but I feel that’s a pipe dream

 

[Buckdes]

Honestly if the pricing comes out anywhere near what some dealers are suggesting I think this will be a long term flop. Genesis is still built on value for dollar. They give better features and options and still undercut to competition. If the Q4 etron and XC40 recharge start at $59,995 in Canada the genesis can’t be much higher then that. If they try for a $70k base price for advance many pre orders will be canceled and although it will probably still sell ok initially just for the sake of it being available once more options come to market sales will stop. EV6 GT2 and Ioniq 5 limited have options such as the blind view, surround monitor, smart park and upgraded audio system that the advanced doesn’t have. Those sticker for $62, plus are eligible for a 5k rebate. To me $65 is a stretch and the advance should be in the 62-65 range to make it work, would live to see an Audi fighting $59,985 price but I feel that’s a pipe dream

Also believe the pricing has to be lower than what is talked about as there will be electric versions of the gv70 and gv80 so there has to be headroom left for them , no way an electric gv70 will sell when it flirts with a $90000 price tag,

 

[Feuros]

Honestly if the pricing comes out anywhere near what some dealers are suggesting I think this will be a long term flop. Genesis is still built on value for dollar. They give better features and options and still undercut to competition. If the Q4 etron and XC40 recharge start at $59,995 in Canada the genesis can’t be much higher then that. If they try for a $70k base price for advance many pre orders will be canceled and although it will probably still sell ok initially just for the sake of it being available once more options come to market sales will stop. EV6 GT2 and Ioniq 5 limited have options such as the blind view, surround monitor, smart park and upgraded audio system that the advanced doesn’t have. Those sticker for $62, plus are eligible for a 5k rebate. To me $65 is a stretch and the advance should be in the 62-65 range to make it work, would live to see an Audi fighting $59,985 price but I feel that’s a pipe dream

100% agree with everything you said here. Honestly, I'd rather have the Ioniq 5 ultimate, it's excellent value for the dollar and I love the video gamey styling and better interior/cargo space, but if you didn't get in the queue early this year, you're probably not seeing a car until 2024. $65k for an advanced is my absolute top end, and only then if the federal rebate gets adjusted to apply to it.

 

[NLJ]

Q4 e-tron specced the way I want it with Teknik trim and tech is under $74k.
Genesis needs to be no more than $70k for their Performance.
Otherwise the GV70 Electrified will be an $80k - $90k plus vehicle!

 

[Looney100]

Honestly if the pricing comes out anywhere near what some dealers are suggesting I think this will be a long term flop. Genesis is still built on value for dollar. They give better features and options and still undercut to competition. If the Q4 etron and XC40 recharge start at $59,995 in Canada the genesis can’t be much higher then that. If they try for a $70k base price for advance many pre orders will be canceled and although it will probably still sell ok initially just for the sake of it being available once more options come to market sales will stop. EV6 GT2 and Ioniq 5 limited have options such as the blind view, surround monitor, smart park and upgraded audio system that the advanced doesn’t have. Those sticker for $62, plus are eligible for a 5k rebate. To me $65 is a stretch and the advance should be in the 62-65 range to make it work, would live to see an Audi fighting $59,985 price but I feel that’s a pipe dream

We'll all have our own opinions as to what the car is worth and will make our purchase decisions accordingly, but I don't think that anyone should think that an $80K Performance model is outrageous. I offer the following as reference points:

• We already have a number of Genesis models in the $80K+ price point.
• The Kia EV6 tops out at $63K. A $20K premium for Genesis models over their Hyundai/Kia siblings is not unusual. If you were to compare where various Genesis models top out vs. their Hyundai/Kia counterparts, you would see ~$20K deltas.
• The Volvo XC40 at $60 has been mentioned a couple times as a comparison. This is not apples to apples. The $60K XC40 is a very different vehicle. If you fully load it, the price is $73K, and that would be comparable to the GV60 Advanced, though I would argue, still not as nice. Speculation thus far is that the Advanced would be in that price range, so arguably still of good comparable value.
• I think the Q4 e-Tron is a more comparable vehicle, but even then you would need to add a few options to get a similarly-spec'd vehicle - which brings the price of the Q4 e-Tron to $71K.

 

[Looney100]

Q4 e-tron specced the way I want it with Teknik trim and tech is under $74k.
Genesis needs to be no more than $70k for their Performance.
Otherwise the GV70 Electrified will be an $80k - $90k plus vehicle!

NLJ,
To me, this is the most compelling argument against an $80K Performance model. Rather than how GV60 pricing compares to other similar, competitive vehicles, I think Genesis's challenge will be the pricing tiers between this and future electric models that hold higher spots in the brand. I think the marketplace will struggle with a six-figure Genesis. The GV80 now tops out at $86K. If the GV60 hits $80K, you'd think they'd need to position an e-GV80 at ~$100K to maintain appropriate gaps to the GV60 and e-GV70.

As I look at others in the marketplace, I don't think that such a price would be outrageous if the Performance is a well-equipped, well-appointed, well-performing vehicle. Prior to coming across the GV60, the BMW i4-m50 had my interest at $90K - and at would be tough to point to much that it had that the GV60 didn't. We're now in a seller's market when it comes to cars, and it is very likely that for every one of us that passes on our pre-order there will be someone happy to snap up our unit.

 

[Looney100]

I think you work for Genesis, always shooting down the competition. Just saying....

Yes. You are "just saying". Feel free to provide some info to counter my positions. I'm providing references to information that can be found on manufacturers' websites. What are your contradictory sources. Are you suggesting that a $60K XC40 is a similar or superior vehicle?

You imply that I work for Genesis because I say the GV60 is better than an XC40. That would be a strange irony as there are three Volvos currently parked at the house, and I recently negotiated the purchase of a fourth for a relative.

Hmmm??? I say you're someone who wants a GV60, and is trying to convince those of us that placed deposits that they're not a good value so that you can get one earlier.

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[Jeffrey83]

We'll all have our own opinions as to what the car is worth and will make our purchase decisions accordingly, but I don't think that anyone should think that an $80K Performance model is outrageous. I offer the following as reference points:

• We already have a number of Genesis models in the $80K+ price point.
• The Kia EV6 tops out at $63K. A $20K premium for Genesis models over their Hyundai/Kia siblings is not unusual. If you were to compare where various Genesis models top out vs. their Hyundai/Kia counterparts, you would see ~$20K deltas.
• The Volvo XC40 at $60 has been mentioned a couple times as a comparison. This is not apples to apples. The $60K XC40 is a very different vehicle. If you fully load it, the price is $73K, and that would be comparable to the GV60 Advanced, though I would argue, still not as nice. Speculation thus far is that the Advanced would be in that price range, so arguably still of good comparable value.
• I think the Q4 e-Tron is a more comparable vehicle, but even then you would need to add a few options to get a similarly-spec'd vehicle - which brings the price of the Q4 e-Tron to $71K.

Yes Genesis gets a price premium over some Kia/Hyundai but not always a strait 20k. Santa Fe limited tops out close to 55, GV70 with same engine starts at 49,900, Stinger is $53,000 base and goes up to $55,000 where a G70 3.3 is $59500. If Kia the lesser siblings top out at 62, which is 57 to the consumer and you strip away some options I’m not sure the market will pay $15,000 premium for the genesis brand yet.

Advanced trim is somewhere between the progressive and technik, 68-71. Typically Genesis tries to undercut the competition. They don’t have a stripped down bare bones model to have to undercut the $59,990 price but I also don’t think they have the cache yet to our price the competition. Also probably more fair to compare to the Q4 sport back which is $68-71. Since the performance model slots above I can’t see the advance being higher then the Audi top end, or even touching it. Also as previously mentioned the Gv70 is coming and the Gv80. If they want to keep the $15,000 premium between the model lines, if the GV60 starts over 70 and goes to 80, the GV70 which also competes in size against the Q4/Q5 would have to start at $80-$85 and climb to $100k and then the GV80 starts at $120-$140…which makes the Audi etron and etron s seem like a bargain between $87 and $107

 

[Buckdes]

Yes Genesis gets a price premium over some Kia/Hyundai but not always a strait 20k. Santa Fe limited tops out close to 55, GV70 with same engine starts at 49,900, Stinger is $53,000 base and goes up to $55,000 where a G70 3.3 is $59500. If Kia the lesser siblings top out at 62, which is 57 to the consumer and you strip away some options I’m not sure the market will pay $15,000 premium for the genesis brand yet.

Advanced trim is somewhere between the progressive and technik, 68-71. Typically Genesis tries to undercut the competition. They don’t have a stripped down bare bones model to have to undercut the $59,990 price but I also don’t think they have the cache yet to our price the competition. Also probably more fair to compare to the Q4 sport back which is $68-71. Since the performance model slots above I can’t see the base being higher then the Audi top end, or even touching it. Also as previously mentioned the Gv70 is coming and the Gv80. If they want to keep the $15,000 premium between the model lines, if the GV60 starts over 70 and goes to 80, the GV70 which also competes in size against the Q4/Q5 would have to start at $80-$85 and climb to $100k and then the GV80 starts at $120-$140…which makes the Audi etron and etron s seem like a bargain between $87 and $107

Very true , the Bmw iX starts at 80 cad and that is the size of a Gv80 , so Genesis has to be careful not to go too high on the Gv60.

The best apples to apples comparison for Kia/Hyundai vs Genesis is the stinger to the G70 which is about 5-6 grand premium ,
I honestly expect 68000 for advanced and 77000 for performance

 

[Backslack]

Q4 e-tron specced the way I want it with Teknik trim and tech is under $74k.
Genesis needs to be no more than $70k for their Performance.
Otherwise the GV70 Electrified will be an $80k - $90k plus vehicle!

No Q4 is any way comparable to the GV60 Performance, not until Audi releases an SQ4 with the same amount of power.

 

[Looney100]

Very true , the Bmw iX starts at 80 cad and that is the size of a Gv80 , so Genesis has to be careful not to go too high on the Gv60.

The best apples to apples comparison for Kia/Hyundai vs Genesis is the stinger to the G70 which is about 5-6 grand premium ,
I honestly expect 68000 for advanced and 77000 for performance

Be careful about comparing starting prices of vehicles as manufacturers can have very different features in or out of their base trims. Need to consider similarly-equipped model. The German manufacturers, especially, seem to have pretty stripped down base models and expensive a-la-carte options. The Asian manufacturers seem to prefer standard trims/bundles.

The iX starts at $83K, but can get beyond $135K if you're enthusiastically ticking option boxes.

The Kia Stinger/GV70 example is an interesting one. Seems to have a considerably smaller gap between the two brands that other models.

I think your estimates of pricing are pretty reasonable - both as to what to expect from Genesis, and what I think would be fair prices when looking at competing models.

 

[Jeffrey83]

I feel Genesis has to also be careful with how they price the performance model as Canada is also awaiting pricing for the EV6 GT. If EV6 tops out at $62, have to assume a max price jump of $10k for the GT. If the GT can destroy the GV60 with an extra 100-160hp but costs $10,000 less the performance will be a tough sell based upon some nicer fit and finish…

 

[upa]

I think the main reason for Genesis's apparent pricing delay is due to the upcoming iZEV change announcement next week. It sounds like the iZEV incentive rebate eligibility thresholds may change from 45K-55K to 55K-65K. If this is true my prediction is the advanced trim will come in at 65K + 2k baked in destination fee so around $67K and performance will be sold as an option package and a not trim level and will probably come in around $72-74K ish. This would also imply they will have to offer a cheaper 55K trim GV60. I going to guess it will be a single motor version with likely some additional decontenting.

 

[Looney100]

It sounds like the iZEV incentive rebate eligibility thresholds may change from 45K-55K to 55K-65K. If this is true my prediction is the advanced trim will come in at 65K + 2k baked in destination fee so around $67K and performance will be sold as an option package and a not trim level and will probably come in around $72-74K ish. This would also imply they will have to offer a cheaper 55K trim GV60. I going to guess it will be a single motor version with likely some additional decontenting.

Where are you hearing the new thresholds? I was googling earlier this morning and didn’t see any confirmations.

 

[Buckdes]

A

I feel Genesis has to also be careful with how they price the performance model as Canada is also awaiting pricing for the EV6 GT. If EV6 tops out at $62, have to assume a max price jump of $10k for the GT. If the GT can destroy the GV60 with an extra 100-160hp but costs $10,000 less the performance will be a tough sell based upon some nicer fit and finish…

Agreed , folks keep saying the Gv60 is more luxurious but honestly i dont see a real advantage to a suede headliner or real leather wrapped dash , ive been in the Ev6 and the interior is great and everything you touch on a regular basis is perfect , a GT Ev6 thats several grand cheaper than the Gv60 performance would be very attractive , besides the Ev6 being as long as a boat of course lol

 

[upa]

Where are you hearing the new thresholds? I was googling earlier this morning and didn’t see any confirmations.

The author of this article is suggesting he has some inside information "moles" Motor Mouth: Trudeau’s zero-emission car goals are EV fantasy

 

[Looney100]

The EV6 is a fine vehicle. Once pricing for the GV60 is released I’ll be giving a lot of thought as to whether it justifies the premium.