This makes since to me. We have delv. almost 75 Zs so far this year. Up untill the last couple of weeks everyone of them have sold before they hit the lot. Now we have 2 on the lot not sold. I dont think this is the time yet to say well $3000.00 off is a good deal, but I think we do need to do a little better than we have till now. If you notice the poll I run as to when people bought their Zs. Not many have bought in the last 60 days. I dont know where we need to be on price but I dont think untill the 03s start to hit are you going to see 3 to 4 thousand discs. I am open to any reasonable offer for any of the 10 I have on the lot and comming in. If you plan to buy one give me a shot at your offer.Zoomin said:Honestly? I would think you guys would have the best idea. Are they piling up on your lot? Discount. Can't keep them in stock? Raise the price.
These are different times, Rick. Reduce overhead, inventory, sell more off of internet. Lean and mean.
Invoice on a 2002 Z06, including the $645 "destination charge", is $44,136.88. The sticker is $50,350. That's a $6,213 markup. In addition, the dealer gets an additional $2,000 to $3,000 "incentive" or "rebate" from GM, so the real gross profit is around $9,000.
Rick Daniel said:In May of last year we were offering $6000.00 off on all remaining 2001 Zs. The dealer gets 3% of cost on hold back, so on a Z that is more like $1350.00 not $3000.00. Don`t believe everything you hear. Think about this guys. The dealer has invested $45000.00 of his money in this Z and if he sells it for a $500.00 over invoice and his $1350.00 hold back, that is less than a 4% return on his money. He can get that by putting it in a long term CD. What is the incentive to go into business for that kind of a return? Now if he like us and has 125 per year of these cars that is a $5,625,000 investment for less than a 4% return. I dont think anybody here would take that kind of a return on that kind of an investment. Now understand he still has not paid overhead yet. Would anyone here do that?:-?