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Do discounts shrink at the beginning of new production year?

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Old 04-14-2016, 10:12 PM
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mitchydkid
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Default Do discounts shrink at the beginning of new production year?

About to jump into the market. I realize the first 2017s likely will not be deeply discounted, but its not like going from C6 to C7. Obviously the 2016 closeouts will get better discounts. But... how much difference in discount should I expect in August compared to say April?
Thanks.
Old 04-14-2016, 10:24 PM
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direct007
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Originally Posted by mitchydkid
About to jump into the market. I realize the first 2017s likely will not be deeply discounted, but its not like going from C6 to C7. Obviously the 2016 closeouts will get better discounts. But... how much difference in discount should I expect in August compared to say April?
Thanks.
Nobody has a crystal ball, but I ordered my 2016 in August of 2015 and the best discount was 7%+/- off list. Fast Forward to April 2016 and the best discount is 12% off list. 5% difference. Of course the longer you wait, the closer your car is to being 1 model year older.
Old 04-14-2016, 10:32 PM
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ZR-1DUDE
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All depends on how picky you are on the configuration. There are still new 2015s on the lots.

D.
Old 04-14-2016, 10:33 PM
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IELAC7
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I would suggest waiting till the end of the year. I got my first 16 C7 back in December of last year and got 16k off the car. (9k markup and 7k msrp). Just end of year purchases will generally see better discounts from what I've noticed.
Old 04-14-2016, 11:21 PM
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captjeff
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Originally Posted by IELAC7
I would suggest waiting till the end of the year. I got my first 16 C7 back in December of last year and got 16k off the car. (9k markup and 7k msrp). Just end of year purchases will generally see better discounts from what I've noticed.

Who did you purchase your car from?
Old 04-14-2016, 11:27 PM
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IELAC7
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Originally Posted by captjeff
Who did you purchase your car from?
Sage Covina Chevrolet in Covina Cali
Old 04-15-2016, 12:16 AM
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Black&White
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To many variables here. A lot depends on dealer allocation and inventories. If the changes are minor to the 2017s then discounts should be fairly even. Don't expect any great deals on the Grand Sports however if G/S sales prove to be brisk it may force Stingray prices lower than ever in 2017.
Old 04-15-2016, 09:15 AM
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xwing
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It's all about Supply & Demand. There is no "one size fits all" answer. It depends on what changes are in the new model, and how in demand they are, as well as how many cars are sitting on dealer lots.

But the answer is "often, but not always".
Old 04-15-2016, 10:04 AM
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capecodvette
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Originally Posted by mitchydkid
About to jump into the market. I realize the first 2017s likely will not be deeply discounted, but its not like going from C6 to C7. Obviously the 2016 closeouts will get better discounts. But... how much difference in discount should I expect in August compared to say April?
Thanks.
Nothing wrong with considering a 2016, all of which are deeply discounted. I am pretty confident the 2017s will not have a HP bump. Why, because GM has been pretty about the new GS using the same engine/HP output as the current LS1. The 2017s will likely see technology tweaks and additions. I doubt any change to body. Plan on price increase.
Old 04-15-2016, 10:09 AM
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Classic-Chevy-Guy
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Also, the pricing and option packaging for the 2017s could be different, which could raise the price. I ordered my 2016 in May 2015 after the announcement of the new options.

Car was built at the end of June and was not shipped from BG until a month later due to quality hold for the new model year.

However, I felt the front cameras, the flat bottom steering wheel, and the hatch closure was worth waiting for.
Old 04-15-2016, 10:15 AM
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JoeCT
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As the saying goes, past performance is not an indicator of future results. With that in mind, ordered my '16 on July 2, 2015, which was only shortly after pricing became available and within a few weeks of start of the model year production. Went to a top forum dealer and it was 10% off msrp with no other discounts.
Old 04-15-2016, 10:31 AM
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JoesC5
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Probably not unless there is something really "new and improved" with the 2017's that suddenly increases the demand, and then no one wants a left over 2016.

When I purchased my 2009 Z06, that was one of the first 2009's built in June, 2008, I got a 14% discount off MSRP, and the MSRP was the same as the 2008(no price hike).

Even though there were plenty of under the skin improvements to the 2009, nothing was overwhelming "new and improved" that would cause the discounts to be less than what was available on the 2008's.
Old 04-15-2016, 10:36 AM
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RFBHD
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Within 200 miles of Philadelphia there are close to 300 2016s in stock... and that does not include Kerbeck ... lots of leftovers to be had ...will be a buyers market for sure after the Bash
Old 04-15-2016, 01:33 PM
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Thanks for the input y'all. Good stuff.
Old 04-15-2016, 02:24 PM
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TRANS DAMM
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Originally Posted by RFBHD
Within 200 miles of Philadelphia there are close to 300 2016s in stock... and that does not include Kerbeck ... lots of leftovers to be had ...will be a buyers market for sure after the Bash
I'm thinking the opposite if there aren't any real changes and production for the 17' is delayed till Sept.

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