Let the Gorging Begin
05-07-2013, 02:40 AM
#41
Le Mans Master
Member Since: Apr 2013
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2020 C8 of the Year Finalist - Unmodified
Yes, for sure. Fueled by cheap money causing low inventory, greed, and scams of all kinds driving demand. The market-- under those conditions -- was 100% correct.
Remove the cheap money, scams, etc and the market corrects to the new situation.
Remove the cheap money, scams, etc and the market corrects to the new situation.
05-07-2013, 02:54 AM
#42
Safety Car
People want to pay MSRP for the C7 now...
But 18 to 24 months from now people will want thousands in discounts on that same car.
I think its a good thing that GM has improved the car so much that people want to pay MSRP.
But 18 to 24 months from now people will want thousands in discounts on that same car.
I think its a good thing that GM has improved the car so much that people want to pay MSRP.
05-07-2013, 07:29 AM
#43
Melting Slicks
Member Since: Feb 2013
Location: Central Gulf Coast Florida
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Yes. When everyone wanted a house, supply was low and prices went up. When the bubble burst, supply was high and prices went down. The banking issue is a different matter than the housing issue. The housing industry was selling homes not making loans. If you sold your house when the prices were high, you most likely did not complain. If the person buying your home could not afford it, it was not your problem.
05-07-2013, 02:13 PM
#44
Race Director
Then why is it recurring in some areas again already - like here in the SF Bay area?
05-07-2013, 02:19 PM
#45
Race Director
One of the tennets of the free market is access to information about the product you are buying.
I'd argue 2 decades ago, ADM on vehicles violated the free market, because people simply didn't have the ability to check the inventory of 1000 dealers across the US instantly.
Now, I think it is more "free market" - because you can simply find out who is and isn't selling at <= MSRP thanks to the Internet.
I think now if you are selling with ADM, you are just bad at business and if you are buying with ADM, you are a fool. Perhaps selling at a high markup is why they aren't selling many and thus not getting a lot of allocations...
I still don't see what dealers bring to the table as being the middle men in the purchase of a vehicle like this to justify the ADM cost. They aren't providing vehicles to test. They don't have sample product. They simply add no value to the equation to justify over MSRP, other than being the only conduit to purchase the vehicle.
I'd argue 2 decades ago, ADM on vehicles violated the free market, because people simply didn't have the ability to check the inventory of 1000 dealers across the US instantly.
Now, I think it is more "free market" - because you can simply find out who is and isn't selling at <= MSRP thanks to the Internet.
I think now if you are selling with ADM, you are just bad at business and if you are buying with ADM, you are a fool. Perhaps selling at a high markup is why they aren't selling many and thus not getting a lot of allocations...
I still don't see what dealers bring to the table as being the middle men in the purchase of a vehicle like this to justify the ADM cost. They aren't providing vehicles to test. They don't have sample product. They simply add no value to the equation to justify over MSRP, other than being the only conduit to purchase the vehicle.
Perhaps the "market adjustment" is just for a very localized, isolated, and uninformed market, but it certainly is not representative of the broader market en toto.
05-07-2013, 03:40 PM
#46
Le Mans Master
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You're confusing the action of the market with the market.
The market is always correct. You may not like it and it may be improperly pushed around.. but it never lies. It is what it is. It it was it is because of US.
The market is a snap shot of the collective thoughts, feelings, moods and financial state of the public and enterprise on any given item or service.
It's what we are willing to pay and what someone is willing to sell it for at any given time or situation.
As to SF: remember the golden rule in real estate: It's always area, area, and location. The bay area is on fire because of the electronic booms going on nearby.
05-07-2013, 04:18 PM
#48
Le Mans Master
05-07-2013, 05:08 PM
#50
Team Owner
05-07-2013, 05:32 PM
#52
Melting Slicks
Member Since: May 2007
Location: Houston Texas
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2015 C7 of Year Finalist
Has anyone seen the eBay ad by GM of Murfreesboro, TN? The price so far is whopping $47,877.00 with 22 bids so far and 3 days left. The ad states very clearly in multiple locations that the bid price is for the spot in line Plus MSRP, Tax and Title.
05-07-2013, 08:14 PM
#54
Le Mans Master
Some of you guys make me laugh. We have a few dealers in Toronto that are asking 10K-15K ADM over the already inflated Canadian price that GM Canada sticks us with. If we could get 5K over MSRP we would be happy. Thats is the main reason I am looking at a new Porsche 911S now. 
Last edited by b4i4getit; 05-07-2013 at 08:34 PM.
05-07-2013, 08:35 PM
#55
Advanced
I respect anyone's decision on what they agree to pay. Not everyone is in the same position. What makes sense for one person may not for another based on personal opinion and financial issues. For example, if a person making $60,000 per year buys a C7 at MSRP of $52,000, that person spent 86% of a year's salary. A person making $200,000 a year who pays $57,000 ($5,000 over MSRP) spent 28% of a year's salary. Who is to judge if paying 86% of a year's salary is better than paying $5,000 over MSRP when it represents 28% of a year's salary.
05-07-2013, 09:10 PM
#56
Le Mans Master
05-08-2013, 12:02 AM
#58
Melting Slicks
Member Since: Nov 2002
Location: North shore,Ma./Naples Florida
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We go through this over and over. We went through it with the c5/C6 ZO6 and ZR1. A lot of stupid people that feel the need for a little attention being the first to own something and stupid enough to pay over for it. I have heard all the arguments and none make any sense. If someone feels the need to do that, knock yourself out but most folks just look at you for being the fool you are. Greedy dealers are always going to be waiting in the wings to pocket your cash. Whatever.
05-08-2013, 12:15 AM
#59
Safety Car
Some people dont care about spending $80K on a C7.
Some people dont care about spending $80K on Strippers.
Some people dont care about spending $80K on Coke.
Some people dont care about spending $80K on Cloths.
Some people dont care about spending $80K on Wine.
Some people dont care about spending $80K on a Watch.
Some people dont care about spending $80K on Food.
Some people dont care about spending $80K on a Party.
If the buyer has the money and dont care about the price, why should anyone else worry about it?
Last edited by jr3; 05-08-2013 at 12:21 AM.
05-08-2013, 01:47 AM
#60
"I never had much interest in Corvettes until October of 1997. While on a business trip, a '97 C5 passed me on Lake Shore Drive in Chicago and it was stunning. I had just been told I had cancer and radiation was to start soon. I went home and ordered a 98 black coupe to be delivered at the Museum in February of '98. I credit that car for lifting my spirits and I'm still here 15 years later."
Have you walked a mile in anyone else's shoes?