GMS pricing
Burning Brakes
Joined: Jun 2013
Posts: 894
Likes: 5
Per my memory, a GM employee is allowed TWO GMS pricing vehicles a year.
Per my memory, GM audits these and if an employee abuses the system the right to GMS pricing can (and will) be suspended for a number of years (three?).
At one time a GMS bought Corvette could not be resold for two years, it was down to one year for the last several years, so I wonder if it will be back to the two years with the C7? Incidentally, GM also audits resales of GMS bought vehicles and if sold too soon similar penalties apply as above mentioned.
No dealer is required to accept GMS. I do think it would be difficult to find a Detroit area dealer that does not. A dealer who accepts GMS has to across all vehicle lines except they can except the Corvette.
Many readers here already know all this but there are likely some who do not and it is a process that can be misunderstood as so many people confuse Friends & Family with GMS and there is a significant difference between the two. Example: GM employee gets five F&F a year, which is many more than two GMS units a year.
Laborsmith
Per my memory, GM audits these and if an employee abuses the system the right to GMS pricing can (and will) be suspended for a number of years (three?).
At one time a GMS bought Corvette could not be resold for two years, it was down to one year for the last several years, so I wonder if it will be back to the two years with the C7? Incidentally, GM also audits resales of GMS bought vehicles and if sold too soon similar penalties apply as above mentioned.
No dealer is required to accept GMS. I do think it would be difficult to find a Detroit area dealer that does not. A dealer who accepts GMS has to across all vehicle lines except they can except the Corvette.
Many readers here already know all this but there are likely some who do not and it is a process that can be misunderstood as so many people confuse Friends & Family with GMS and there is a significant difference between the two. Example: GM employee gets five F&F a year, which is many more than two GMS units a year.
Laborsmith
Team Owner
Joined: Sep 1999
Posts: 41,732
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From: Springfield MO
This announcement sure does throw some cold water on those that, just six months ago, were saying that the C7 would be selling for above MSRP for the first two years and that GM would not be offering a car that they can't build enough of to employees for around 11% below MSRP.
Race Director
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From: Out west in the mountains
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Banned Scam/Spammer
Joined: Mar 2005
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From: Bonita Springs FL
This announcement sure does throw some cold water on those that, just six months ago, were saying that the C7 would be selling for above MSRP for the first two years and that GM would not be offering a car that they can't build enough of to employees for around 11% below MSRP.
The guys who preached about pricing levels remaining at sticker or more were dead wrong as always right from the go as some dealers offered discounts out of the gait. There is profoundly less discretionary income left in this country for $60,000 toys than there was 9 years ago as our nation has been forced in the direction of wealth redistribution and outright socialism. None of this is kind to the sales of high ticket luxury items. Discounting levels on the C7s will in fact come sooner and steeper as we have all seen since deliveries of the C7s have begun.
Burning Brakes
Joined: Jun 2013
Posts: 894
Likes: 5
Enjoyed JoesC5's sense of humor.
How does Corvette GMS pricing hurt resale value? I ask because almost every Chevrolet car has will have GMS pricing. What will hurt resale value is GM's intention to carry 2014 model year production into August. Of course that comment may also have had humorous intentions, if so I withdraw the question.
Someone question the Les Stanford post based on a Chevy web site: it is a good thing the Stingray Build Your Own page came on line in a timely manner and glitch free, otherwise we might expect the Chevy web site to be slow to update.
Laborsmith
How does Corvette GMS pricing hurt resale value? I ask because almost every Chevrolet car has will have GMS pricing. What will hurt resale value is GM's intention to carry 2014 model year production into August. Of course that comment may also have had humorous intentions, if so I withdraw the question.
Someone question the Les Stanford post based on a Chevy web site: it is a good thing the Stingray Build Your Own page came on line in a timely manner and glitch free, otherwise we might expect the Chevy web site to be slow to update.
Laborsmith
Melting Slicks
Joined: Feb 2014
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From: Austin Texas
NCM Sinkhole Donor
Burning Brakes
Joined: Jun 2013
Posts: 894
Likes: 5
Seems right. GMS usually takes six ml
onths to kick in. It is not considered to be an incentive and existed long before the incentive wars we have grown to expect.
My point: GMS for the C7 has no relation to whether the car is selling well (it obviously is) or to when the Supplier (F&F etc) are available.
Laborsmith
onths to kick in. It is not considered to be an incentive and existed long before the incentive wars we have grown to expect.
My point: GMS for the C7 has no relation to whether the car is selling well (it obviously is) or to when the Supplier (F&F etc) are available.
Laborsmith
Burning Brakes
Joined: Sep 2010
Posts: 1,130
Likes: 2
[QUOTE=laborsmith;1586304118]Seems right. GMS usually takes six ml
onths to kick in. It is not considered to be an incentive and existed long before the incentive wars we have grown to
Supply and demand that's it.
GMS so soon !
onths to kick in. It is not considered to be an incentive and existed long before the incentive wars we have grown to
Supply and demand that's it.
GMS so soon !
Last edited by 450hp mike9; Mar 2, 2014 at 06:52 PM.
Team Owner
Joined: Sep 1999
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From: Springfield MO
GM wouldn't be offering it and the dealers wouldn't be selling their C7's for GMS money if they thought demand was high enough to sell all those C7's for MSRP.