Dealer profit on a new C7?
#1
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Dealer profit on a new C7?
The Chevrolet Configurator site lists the basic cost of a 2014 Corvette Stingray Coupe as $51,995.
Assuming no options and no trade-in:
1) What would be the dealer's profit on the sale?
2) Would a dealer in , say, Nashville make more than a dealer in San Francisco because of the lower transportation costs?
Assuming no options and no trade-in:
1) What would be the dealer's profit on the sale?
2) Would a dealer in , say, Nashville make more than a dealer in San Francisco because of the lower transportation costs?
#2
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St. Jude Donor '15
"In honor of jpee"
you are joking, right? first, no one really knows what dealer's profit is. sometimes, not even the dealer until the end of the year or whatever period is used. second, you do know that transpo charges are equalized throughout the country. others will comment. I'm sure. (at myself, that is)
#3
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St. Jude Donor '11-'12-'13, '16-'17-'18
I am possession of the dealer invoice for my ordered C7, which shows about a $6K markup to MSRP
#5
Team Owner
$52,000 MSRP( car that the OP asked about) X 3% = an additional $1560.
#6
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St. Jude Donor '11-'12-'13, '16-'17-'18
I'm tempted to scan the thing and post it up. But I don't wanna **** off the dealer
#7
Melting Slicks
you are joking, right? first, no one really knows what dealer's profit is. sometimes, not even the dealer until the end of the year or whatever period is used. second, you do know that transpo charges are equalized throughout the country. others will comment. I'm sure. (at myself, that is)
My "guess" is any car sold at sticker the dealer makes a minimum of 8K and I believe that number is extremely conservative.
#9
Pro
Dealers are entitled to profit. That is how they stay in business. The dealer's goal is best price for his merchandise. My goal as a buyer is to pay as little as possible for as much car as I can get. The fine art of negotiation determines the rest.
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St. Jude Donor '11-'12-'13, '16-'17-'18
#12
Le Mans Master
On a C7 1LT Coupe with no options that retails for $51,995 there is about $4600 mark up from invoice. There is an additional 3% holdback ($1530 based on $51,000 without freight)) which would be the final dealers cost.
Total about $6000
Total about $6000
#13
Why can't cars be sold factory direct. How nice it would be.
Buying a car from a dealer is like paying someone to order something from Amazon for you...
They add 0 value.
/rant
Buying a car from a dealer is like paying someone to order something from Amazon for you...
They add 0 value.
/rant
#14
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St. Jude Donor '11-'12-'13, '16-'17-'18
#16
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St. Jude Donor '11-'12-'13, '16-'17-'18
#18
I just don't understand how these markups can be justified.
Car dealers are even worse than real estate agents.
At least those do SOMETHING for you in the acquisition process...
Car dealers are even worse than real estate agents.
At least those do SOMETHING for you in the acquisition process...
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St. Jude Donor '11-'12-'13, '16-'17-'18
You don't think having to floor inventory, paying for facilities, paying for utilities, paying for employees, paying for insurance is cheap, do you?
#20
I do not. But why should I have to pay for them if I ORDER a car.
5 k for 2 hs worth of "work" is ridiculous.
I am not a car buyer that just strolls through dealerships, zips coffee and chats it up, need "guidance" for the purchase etc.
If I could order my cars online straight from the "build your own" screen - I would.
5 k for 2 hs worth of "work" is ridiculous.
I am not a car buyer that just strolls through dealerships, zips coffee and chats it up, need "guidance" for the purchase etc.
If I could order my cars online straight from the "build your own" screen - I would.