We have bad news for those of you who recently bought a 370Z Coupe, but good news if you held back as Nissan has just announced a significant price drop for the base and Touring versions of the Coupe for the new 2014MY.

The starting Manufacturer’s Suggested Retail Price (M.S.R.P.) for the 2014 model year 370Z Coupe has been reduced $3,130 for the base model regardless of transmission, with the manual now starting at $29,990, or just $60 more than what it did back in December of 2008 when the series was launched onto the market. Likewise, the 370Z Coupe Touring grade costs $2,550 less, with the manual model set at $35,270.

With the new MSRPs, the entry level 370Z, which continues with a 332-horsepower 3.7-liter V6, has narrowed the price gap with the top grade 200hp Subaru BRZ Limited ($27,495) to just under $2,500 (the Scion FR-S is offered in a single trim level priced at $24,200).

“The M.S.R.P. reductions on 370Z Coupe increase its competitiveness in the growing sports car marketplace,” said Nissan in a statement. “This spring, Nissan repositioned the price on seven core models with an aim to broaden the reach of customer consideration during online shopping and research.”

All previously mentioned prices for the 370Z do not include a $790 destination and handling fee (*). Pricing for the 2014MY 370Z roadster and Nismo Coupe remain at 2013 model year levels.

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