It is being introduced at some Yacht Club in Newport Beach(anyone know which one?) I think if the base model is around $70,000, it will destroy values of V8 powered Ferraris. Why? Because a lot of the used Ferraris need the cam belts and major service done which will cause first time Ferrri buyers to faint dead away when they hear the cost. Then toss in what it cost to rebuld say a 308 engine (way way over $25,000) The Corvette will be made in the USA. The engine may even be shared with Camaros, making it cheaper yet (if you consider junkyard availability). So engine rebuilds will be likely under $5000. And mechanical parts will be available coast-to-coasr, even in Fargo ND. So first time buyers considering each will figure the down payment on the new Corvette is less than a Ferrari V8 costs to rebuld , let alone the price of the car, and go for the Corvette. And Ferrari will deserve it for charging so much for parts.