I would not buy at a "premium over MRSP or even MSRP" but the dealer has the right to sell at what ever price the market will bear. PT Barnum said "there's a sucker born every minute" and if those people want to pay these premium prices then there is nothing we can do about it. I am old enough to remember when Corvettes were purchased by true car people. If you look at the conveniences of the new C6 you realize quickly that this is not the market GM targets but the guy with the deepest pockets who is seeking more "status" than performance. I will continue to be patient and wait for that future opportunity to pick up a low mile, premium condition car for many thousands of dollars less.
What I think dealers should do is give existing loyal customers (loyal to the dealer), the first crack. If those customers don't want them, then blow them out at whatever the market price is. Remember, MSRP is "suggested" retail price. If I were a dealer, I'd keep a database of my customers, how many cars they've purchase, what profit was involved, etc. and rank the customers accordingly. Then for "priority" customers, or those reaching a certain ranking according to this scale, give them first crack at hot cars at MSRP.
If you as a consumer expect to search/buy only on the basis of price and whittle the dealer profit down to next to nothing, then that doesn't seem to me like a relationship kind of purchase. In this case, why should the dealer treat you any other way? From the consumer's perspective though, dealers that immediately slap a huge premium on these cars aren't exactly encouraging loyalty either so they shouldn't expect consumers to do anything other than search for the best deal down to the last penny. It's a two way street. Of course all of that means I'd not be getting a car becuase I haven't exactly been a loyal chevy owner (first GM was an '01 Silverado and my second was an an '02 Z06 but I bought them at different dealers and shopped for the absolute best price on both - oh well, I'd be screwed but what goes around, comes around).
What I think dealer's should do is give existing loyal customers (loyal to the dealer), the first crack. If those customers don't want them, then blow them out at whatever the market price is. Remember, MSRP is "suggested" retail price. If I were a dealer, I'd keep a database of my customers, how many cars they've purchase, what profit was involved, etc. and rank the customers accordingly. Then for "priority" customers, or those reaching a certain ranking according to this scale, give them first crack at MSRP. If you as a consumer expect to search only on price and whittle the dealer profit down to next to nothing, then that doesn't seem to me like a relationship kind of purchase. In this case, why should the dealer treat you any other way? From the consumer's perspective though, dealers that immediately slap a huge premium on these cars aren't exactly encouraging loyalty either so they shouldn't expect consumers to do anything other than search for the best deal down to the last penny. It's a two way street. Of course all of that means I'd not be getting a car becuase I haven't exactly been a loyal chevy owner (first GM was an '01 Silverado and my second was an an '02 Z06 but I bought them at different dealers and shopped for the absolute best price on both - oh well, I'd be screwed but what goes around, comes around).
you don't think the dealers that have their crap together don't do that almost every Ferrari and Porsche dealership has a customer database? Only thing is, why blow a perfectly good opportunity to keep a loyal customer and make extra $$$$$. Ohh yeah he'll tell his friends he got his at MSRP but they come down to your dealership and you charge them FMV (fair market value) they'll be pissed and go someplace else. You might as well not fvck up the market (and your potential business) and charge even your loyal customers FMV.
I'm suggesting that dealers should consider selling to loyal customers at MSRP and investment in future sales and stronger customer relationships and that customers that aren't loyal shouldn't be offended by FMV sales. If none of a dealer's "loyal" customers want the car, definitely sell at FMV.
Got this from a friend in sales at a Canadian dealership:
"GM's policy is that
vehicles should be sold for no more that the MSRP and in fact the dealer can
be charged back"
When I bought my C5Z06, I had to sign an agreement stating I would not resell the car for 6 months.
Also, I remember when BMW started selling the Z8 for about $190K CDN. A leading Vancouver dealer was offered $300K by a US dealer. He told me while it was tempting, he would lose his dealership to BMW North America if he engaged in such practices.
Got this from a friend in sales at a Canadian dealership:
"GM's policy is that
vehicles should be sold for no more that the MSRP and in fact the dealer can
be charged back"
When I bought my C5Z06, I had to sign an agreement stating I would not resell the car for 6 months.
Also, I remember when BMW started selling the Z8 for about $190K CDN. A leading Vancouver dealer was offered $300K by a US dealer. He told me while it was tempting, he would lose his dealership to BMW North America if he engaged in such practices.
Anyone know what GM (USA) official policy is?
That's hogwash! The manufacturer doesn't (unless it is a company store) loan cars to the dealers! It SELLS them to the dealer at invoice. The dealer then floorplans his inventory with various banks. That means that the dealer OWNS the cars! He can sell them for whatever he desires!!!! He can give them away. He can mark them up. Whatever! When inventory ages too long and floorplan interest piles up, then mfrs. step in with programs and incentives to move inventory so that the dealers can buy more cars from the mfrs to keep the lines open! PIPELINE! Occasionally you get a rogue dealership who will try and whore the market. But there are generally checks and balances in terms of allocation to mitigate this. There are laws against collusion and price-fixing. If a mfr senses that dealership business practices pose a threat to the brand, then action is taken behind the scenes - usually a scolding. If these practices persist to an extreme - the franchise can be yanked due to a breach of same.
So wait a minute... a whiner's thread to begin with is now going to deteriorate even further to one that offers anticipation and speculation as to which dealer's we *think* are going to charge more than MSRP? And then without provocation "names and shames" them?
No, shame on you.
Not think, Know. They said it flat out to my face.
this sure turned into a bitch fest. i think the point was to share the names of dealers who will sell a z to less fortunate people who dont have a five car garage. if your z is our only car, this thread was for you. if the z is your third or fourth car, congratulations. you have money. some of us dont and probably wouldnt mind having the info on dealers who will sell to us at msrp. just my 2 cents.
and now to the point of the thread. pete moore chevrolet in pensacola fl wants 10,000 over sticker. and thats just a deposit to get on the list.
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this sure turned into a bitch fest. i think the point was to share the names of dealers who will sell a z to less fortunate people who dont have a five car garage. if your z is our only car, this thread was for you. if the z is your third or fourth car, congratulations. you have money. some of us dont and probably wouldnt mind having the info on dealers who will sell to us at msrp. just my 2 cents.
and now to the point of the thread. pete moore chevrolet in pensacola fl wants 10,000 over sticker. and thats just a deposit to get on the list.
I didn't realize that part of American Capitalism's duty was to provide affordable 500 HP supercars to the "less fortunate".
I'm not able to afford this car either, for the record.
this sure turned into a bitch fest. i think the point was to share the names of dealers who will sell a z to less fortunate people who dont have a five car garage. if your z is our only car, this thread was for you. if the z is your third or fourth car, congratulations. you have money. some of us dont and probably wouldnt mind having the info on dealers who will sell to us at msrp. just my 2 cents.
and now to the point of the thread. pete moore chevrolet in pensacola fl wants 10,000 over sticker. and thats just a deposit to get on the list.
if your only car is a 75 thousand dollar sports car, you really have poor monetary planning. And chances are, if you could afford a 75k car, you can afford a few others. Unless you are one of those people that has the nice ass car and still lives in a tiny apartment (or with his parents)
if your only car is a 75 thousand dollar sports car, you really have poor monetary planning. And chances are, if you could afford a 75k car, you can afford a few others. Unless you are one of those people that has the nice ass car and still lives in a tiny apartment (or with his parents)
Ouch. :oo: Maybe the guy is passionate about Corvettes? We all buy them for different reasons. I know my financial weaknesses. And one of them is impulse buying. I really want the new Z06. But past experience has lead me to hold off and wait until they hit the used car classifieds. Then if I still like the car, I am more confident I will like it for a long time. And as an added bonus (I have to keep reminding myself of this) it is usually a lot easier on the ole wallet.
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