Dave@Ciocca

GM has announced a price increase on the 2016 Corvette, but it's different than what you've seen in the past.

The MSRP has remained the same, but they have increased the dealer's cost on both the model and the options!

If you had an order in before 07/17/15, you are price protected.

How will this affect pricing? Even though the MSRP is the same, you will see less discount from the dealer for the dealer to make the same amount. GM Supplier and GM Employee Pricing will now be higher.

If you buy a car for a certain amount over invoice/cost, it will now be higher.

In my 22 years here, this is the first time I've seen GM take away dealer markup from the Corvette. Over the years I've seen them take it away from every car except Corvette and Cadillac and then they took it away from every Cadillac except Escalade.

Obviously, the 2016 Corvettes that are already on the ground or invoiced will not be effected and neither will any of the remaining 2015s, but going forward you will start seeing much smaller discounts off of MSRP.

Dave

Ernest_T

Dang, wonder what their thinking is?

Tommyz

Pheeeeeww...i just make it with my Supplier Discount price when I took delivery of my 2016 last week. Good thing I did not wait.

astonius

How significant are the price differences?

onyx_z71

Excuse me while I go give my '14 Z51 MSRC NPP automatic that I paid $53,500 for in March 2014 a great big hug.

Comebackid

So if my dealer agreed on 'supplier pricing' on my order sheet, received authorization code prior to July 15 (credit union), placed deposit and order on May 22, but because I still don't have a TPW (no invoice), I'll be subject to the price increase?

PaulB

This is just another step in treating the dealers like the sales people have been treated in the past. I really had hoped that GM would learn something from the Bankruptcy. They have not. They are the same old GM ...

sanantguy

I will, as most, expect my dealer to honor the agreement we had when it comes time to pay for the car.

laborsmith

Not that these numbers are directly applicable, but when Chevy did this on the Camaro Gen5, just before the start of regular production, the Dealer Invoice for the 1LS (the lowest priced) went up about $650 and the Employee Price about $225. That was for a $22K plus destination fee. I expect the mathematics will hold true.

Thanks for he heads up Dave. I posted this because I am not certain you can post the specifics.

Laborsmith

Dave@Ciocca

You'll be OK as long as you have an order number prior to July 17, 2015.

Dave

Dave@Ciocca

I can't share specifics because dealer cost is propitiatory information that the dealer is not supposed to share (according to this message) so I'll wait for one of our members who works at a dealer but is not listed as a dealer to share the info.

However, I can say it is more significant than that. And since it's a percentage increase on both the base price and each of the options, it adds up pretty quick.

Dave

Chets LS3

Dave, So if I have a supplier pricing agreement, but my dealer hasn't shown me the pricing yet? Will I still get the earlier pricing, will the dealer be obligated to do this? Also I was never asked or supplied my supplier code to the dealer. I have it but he stated it wasn't needed at the moment.


this was an easier response:
I have a question; my order went to 2000 yesterday (srxb3d) when I ordered the car I was not shown pricing. I confirmed I will have supplier pricing. I asked about pricing yesterday and was informed I would have the supplier pricing until my car was invoiced or shortly before.

Is this true? Seems odd a dealership cannot provide a price of a car.
They should be able to get you a price pretty close, but not exact. The supplier price is printed on the invoice of the car once the car is built.

When the dealer builds a car in GM Order Workbench, it can show a supplier price, but that price does not take into account the advertising costs added into the invoice of the car since that amount can vary from region to region.

John Ulrich

Age old pricing game.....the dealer pays more. The public still sees the same price on the window sticker, but the bottom line price (what the customer pays) will be higher then before. Less public out cry.

laborsmith

So if anyone cares to guess increase the dealer cost for options by 5% and figure the base Corvette dealer cost to be an additional $1500 to $1600.

As to GM not learning comments: what are you smoking?

Whatever it is, you have a moral obligation to share.

Laborsmith

Zymurgy

Dave, I changed the thread title to read 2016 Price Increase, not 2015 Price Increase since that seems to be the topic of your post.

meyerweb

Did you mean $1500 to $1600? There isn't $15K difference between dealer cost and sticker.

laborsmith

Yes that is what I meant.

Laborsmith

Dave@Ciocca

Thanks! Can you fix my Z06 thread too?

Dave

Zymurgy

Done.

onyx_z71

Maybe GM is making room for rebates in the future. Probably not likely, but I just remember when they raised the prices on 2014 Silverados $2000 and offered a $2000 rebate the same day. For those of us who pay sales tax, it works out that we have to pay tax on an additional $2000. GM should realize that those tactics really tick off customers like myself. All that does is make the rebate look like a down payment for some who otherwise couldn't get financed while those of us who manage our money well and live within our means get dinged on the additional tax.