A “new” Republican Party is not needed. A new Party is.
The Republican Party as currently constituted is one of America’s greatest enemies as it offers no LOYAL opposition.
What will a new party accomplish except to continue losing elections?
Donald Trump is going to win the overwhelming majority of white male votes; the demographic that makes up the labor force of this country, the producers, the people that have made this country wealthy. And yet he is likely to be defeated by Hillary Clinton, who represents the population with their hands out, asking for free stuff.
The problem is demographics and a new party isn't going to change this. We're outnumbered. Fifty years of allowing the Democrats to import new voters from the Third World is not without consequences.
What we will see, I predict, will be an exodus of white males from the civic tradition of voting. Why bother wasting your day standing in line only to see your candidate lose? When the people who share your values always lose to the people who oppose them, what's the point?
And this is when things will get interesting. There are other ways to make voices heard.