Price Increase
Le Mans Master
Joined: Apr 2013
Posts: 6,671
Likes: 4,144
2020 C8 of the Year Finalist - Unmodified
Instructor
Joined: Jan 2014
Posts: 174
Likes: 43
From: Massachusetts
I ordered my C7 on February 22 at a dealer in Massachusetts and the order was entered that day. After hearing about the price increase, I checked with the Massachusetts Attorney General's website which states that once you have a signed contract with the dealer, they cannot raise the price with the exception of if the price increase was due to costs incurred by the manufacturer due to new state or federal regulations being put in place. Also, Massachusetts law states that the dealers must be given adequate notice in writing prior to any price increase from the manufacturer. It seems to me that GM broke Massachusetts law by not giving the dealers adequate written notice. From what I read, Chevrolet sent e-mails to their dealers on March 3 notifying them of the price increase effective immediately. I am not sure what laws in other states say, but it seems very clear that if you signed a purchase agreement/contract before March 1 in Massachusetts, you should be safe with the old price. I will wait to see if my dealer tries to pull a fast one.
Race Director
Joined: May 2006
Posts: 16,854
Likes: 535
I ordered my z51 in January and am looking at April delivery. Per my dealer, as long as he has your order and a deposit your protected. It's bad enough most of us are waiting for a car that will be almost a year old when we get it, it would be a kick in the *** if they beat us for more money.
People taking delivery of a 2014 in in July and August - yes they will have a car that is almost a year old.
Last edited by RedC7AZ; Mar 5, 2014 at 06:47 AM.
Race Director
Joined: Sep 2000
Posts: 11,139
Likes: 1,912
From: Missouri City, TX
Once an order is placed with GM and GM accepts that order with a GM order number, the original Buyer on that order is price protected for the remainder of the model year regardless of whether or not the selling dealer had an allocation to assign to that order at the time the order was inputted into the GM ordering system. For example, Ken Fichtner ordered my 2007 vert as soon as the ordering opened for MY2007 even though I wanted the car built a year later in the spring of 2007. Ken inputted the order very early to "price protect" me as he told me at the time. He had control of his allocations and would assign one to my order when I was ready for the car to be built.
Burning Brakes
Joined: Feb 2013
Posts: 831
Likes: 1
From: N Jury
Making up for all the discounts gm offered with the last few years of the c6.
I'm surprised with the amount of the increase.
Personally I think the increase should have occurred more gradually.
In hindsight I guess it makes sense to raise the price while it's a hot item.
Can't even begin to imagine what will happen with the c7 z06 pricing.
I still think the hp of the Lt1 will get closer to 500 hp with a retune as the 8 speed automatic becomes available next year.
Gm got the press accolades of value pricing vs performance on the release of the c7 and then gave it huge increase in one shot. Makes you laugh and begins to create the future image of buying gm hot cars fast before the price goes up.
I'm not sure how many years this will work for before unit sales take their perverbial dump.
I'm betting three.
I'm surprised with the amount of the increase.
Personally I think the increase should have occurred more gradually.
In hindsight I guess it makes sense to raise the price while it's a hot item.
Can't even begin to imagine what will happen with the c7 z06 pricing.
I still think the hp of the Lt1 will get closer to 500 hp with a retune as the 8 speed automatic becomes available next year.
Gm got the press accolades of value pricing vs performance on the release of the c7 and then gave it huge increase in one shot. Makes you laugh and begins to create the future image of buying gm hot cars fast before the price goes up.
I'm not sure how many years this will work for before unit sales take their perverbial dump.
I'm betting three.
Last edited by JudgeNjury; Mar 5, 2014 at 08:08 AM.
Intermediate
Joined: Jun 2013
Posts: 44
Likes: 0
this really sucks, been waiting for my employe discount for months , and when it gets here , it has a $3200 price increase along with it,,, all i want is a 1LT Z51, red on red, shocks and exhaust , and you will never see one of these on the lot, so got to order it, might as well wait and see what the 15 brings with it, at least you will get something with the price increase that is surely to come with it,, i am sooo P***** !!!!!!!!!
Pro
Joined: Sep 2007
Posts: 595
Likes: 5
From: Minneapolis MN
I personally don't have an issue with the increase since I already have my car, but it seems they could have avoided a lot of the anger/frustration from potential buyers if they would have given everyone a two week notice of the price increase. Instead it seems a little sneaky they spring it on everyone, including their dealers after the deadline has passed.
Instructor
Joined: Feb 2014
Posts: 206
Likes: 0
From: Lake Orion Michigan
You Are MISTAKEN!
this really sucks, been waiting for my employe discount for months , and when it gets here , it has a $3200 price increase along with it,,, all i want is a 1LT Z51, red on red, shocks and exhaust , and you will never see one of these on the lot, so got to order it, might as well wait and see what the 15 brings with it, at least you will get something with the price increase that is surely to come with it,, i am sooo P***** !!!!!!!!!
Everybody else is getting a $3200 price bump and you are getting a $4000 savings. I did not expect GM to offer ANY employee pricing on a car that was so underpriced and difficult to get. I was willing to buy the car at retail before GM employee pricing was offered.
PS. Last time I checked Les Stanford Chevrolet (Dearborn, MI) had a 1LT Z51 in Red Tintcoat, it would have the old price & they accept GM employee pricing.
Last edited by Art-2008; Mar 5, 2014 at 10:45 AM.
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Banned Scam/Spammer
Joined: Mar 2005
Posts: 8,083
Likes: 3,869
From: Bonita Springs FL
Making up for all the discounts gm offered with the last few years of the c6.
I'm surprised with the amount of the increase.
Personally I think the increase should have occurred more gradually.
In hindsight I guess it makes sense to raise the price while it's a hot item.
Can't even begin to imagine what will happen with the c7 z06 pricing.
I still think the hp of the Lt1 will get closer to 500 hp with a retune as the 8 speed automatic becomes available next year.
Gm got the press accolades of value pricing vs performance on the release of the c7 and then gave it huge increase in one shot. Makes you laugh and begins to create the future image of buying gm hot cars fast before the price goes up.
I'm not sure how many years this will work for before unit sales take their perverbial dump.
I'm betting three.
I'm surprised with the amount of the increase.
Personally I think the increase should have occurred more gradually.
In hindsight I guess it makes sense to raise the price while it's a hot item.
Can't even begin to imagine what will happen with the c7 z06 pricing.
I still think the hp of the Lt1 will get closer to 500 hp with a retune as the 8 speed automatic becomes available next year.
Gm got the press accolades of value pricing vs performance on the release of the c7 and then gave it huge increase in one shot. Makes you laugh and begins to create the future image of buying gm hot cars fast before the price goes up.
I'm not sure how many years this will work for before unit sales take their perverbial dump.
I'm betting three.
Melting Slicks
Joined: Dec 2013
Posts: 3,231
Likes: 958
From: Missouri
When might we expect another price increase? While I would expect an increase at some point on the 2015 wouldn't it be too quick to give another hike by May or June after just receiving such a large increase? I would think they would want to have SOME spread of time. Thoughts?
Melting Slicks
Joined: Feb 2014
Posts: 2,406
Likes: 3
From: Austin Texas
NCM Sinkhole Donor
I personally don't have an issue with the increase since I already have my car, but it seems they could have avoided a lot of the anger/frustration from potential buyers if they would have given everyone a two week notice of the price increase. Instead it seems a little sneaky they spring it on everyone, including their dealers after the deadline has passed.
Those that will be pissed, will be pissed before, during and after price increase. Doesn't matter.
Again, at the end of the day, if you REALLY wanted a C7 you're going to buy one at the new price (which is peanuts still). IF you don't someone else will
PS - Your C7 looks freaking hot--that blk/blk
Racer
Joined: Mar 2009
Posts: 309
Likes: 10
From: Jamestown RI
I put money down in Jan, but my order hasn't gone in yet while Mike Furman (Criswell) waits for my turn to get a Z51 allocation, so I guess that means they're goinna want more money from me..........if true, I'll likely walk away since it's break in faith IMO
Intermediate
Joined: Dec 2007
Posts: 38
Likes: 0
I'm sorry man, that sucks!
Melting Slicks
Joined: Oct 2003
Posts: 2,834
Likes: 91
From: California
I know some dealers weren't doing this, which would be a shame in this case since you would have been price protected and it would have cost him nothing to do that while waiting for the allocation.
Melting Slicks
Joined: Feb 2014
Posts: 2,406
Likes: 3
From: Austin Texas
NCM Sinkhole Donor
He should have at least put it into the GM Workbench for 1100 then you'd be covered. IF he didn't, that would certainly anger me as well.
Racer
Joined: Mar 2009
Posts: 309
Likes: 10
From: Jamestown RI
Hey guys, thanks for your concern and support, but I'm not hacked with Mike yet because I'm awaiting a call back from him to determine my status. Hopefully, I'm entered in the system as you all mention and will be fine. But if not...........well, let's just say my dream will be dashed