Employee Pricing
Thread Starter
Instructor
Joined: Jul 2013
Posts: 150
Likes: 18
Employee Pricing
I see a lot of talk on the forums about employee or friends pricing. How does this work. I understand the employee pricing is much less than MSRP. Does the selling car dealer have to take that much less profit on the car sale or do they get reimbursed.
Thanks.
Thanks.
Instructor
Joined: Apr 2009
Posts: 221
Likes: 16
From: Waterford Michigan
My understanding is that there is a bit of shared pain on profits but the selling dealer does receive alocation benefits from GM to ease the pain and allow them to make up for the reduced profit by having an addition unit to sell down the road.
Drifting
Joined: Sep 2013
Posts: 1,505
Likes: 13
The dealer makes holdback (~3% of MSRP) plus about $500 plus their advertising coop dollars on both employee and supplier deals. If the model is one the dealer could reasonably expect to sell for MSRP then they lose the difference between Invoice + $500 and MSRP which would average about $5000 on a typical C7 sale.
That's why very few dealers will accept the programs when they can sell all they can get at MSRP. Once that stops happening, a.k.a. they have in stock, unsold vehicles, many will start accepting the programs.
Dealers who are located close to large GM employee locations typically are more willing to accept the programs because it drives volume. Les Stanford, for example, is right in the heart of GM HQ country and honors all programs on all car models they sell. It allows them to remain one of the highest volume dealerships in the country while being located in one of the most economically depressed parts of the country.
That's why very few dealers will accept the programs when they can sell all they can get at MSRP. Once that stops happening, a.k.a. they have in stock, unsold vehicles, many will start accepting the programs.
Dealers who are located close to large GM employee locations typically are more willing to accept the programs because it drives volume. Les Stanford, for example, is right in the heart of GM HQ country and honors all programs on all car models they sell. It allows them to remain one of the highest volume dealerships in the country while being located in one of the most economically depressed parts of the country.
Last edited by mjw930; Jul 12, 2014 at 12:44 PM.
Melting Slicks
Joined: Feb 2014
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From: Austin Texas
NCM Sinkhole Donor
Le Mans Master
Joined: Apr 2001
Posts: 7,410
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From: Little Elm TX
Okay, that helps some, but again, do they "accept" it at the time of order, or time of delivery? Main reason I'm asking, it's my daughter that lives with me that's eligible, but since she lives here it can be applied to my order. Thing is, she's about to graduate college and will be looking for a different career. Timing "maybe" an issue, and w/tax it's over $6k in savings.
Melting Slicks
Joined: Feb 2014
Posts: 2,406
Likes: 3
From: Austin Texas
NCM Sinkhole Donor
Okay, that helps some, but again, do they "accept" it at the time of order, or time of delivery? Main reason I'm asking, it's my daughter that lives with me that's eligible, but since she lives here it can be applied to my order. Thing is, she's about to graduate college and will be looking for a different career. Timing "maybe" an issue, and w/tax it's over $6k in savings.
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Instructor
Joined: May 2014
Posts: 145
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You can get the certificate anytime and as others have said it's good for 6 months.
You tell them at time of order you will be using employee (or supplier, or credit union, etc...) pricing but it only applies on delivery. So... If GM excludes the Stingray from the program before you take delivery, as some speculate they may for while when the 2015s start arriving, then you will not be getting employee pricing.
You should ask your dealer about what they will offer, if anything, if employee pricing is not available from GM when your Vette is delivered.
You tell them at time of order you will be using employee (or supplier, or credit union, etc...) pricing but it only applies on delivery. So... If GM excludes the Stingray from the program before you take delivery, as some speculate they may for while when the 2015s start arriving, then you will not be getting employee pricing.
You should ask your dealer about what they will offer, if anything, if employee pricing is not available from GM when your Vette is delivered.
Last edited by bjhayes; Jul 12, 2014 at 08:23 PM.
Melting Slicks
Joined: Feb 2014
Posts: 2,406
Likes: 3
From: Austin Texas
NCM Sinkhole Donor
You can get the certificate anytime and as others have said it's good for 6 months.
You tell them at time of order you will be using employee (or supplier, or credit union, etc...) pricing but it only applies on delivery. So... If GM excludes the Stingray from the program before you take delivery, as some speculate they may for while when the 2015s start arriving, then you will not be getting employee pricing.
You should ask your dealer about what they will offer, if anything, if employee pricing is not available from GM when your Vette is delivered.
You tell them at time of order you will be using employee (or supplier, or credit union, etc...) pricing but it only applies on delivery. So... If GM excludes the Stingray from the program before you take delivery, as some speculate they may for while when the 2015s start arriving, then you will not be getting employee pricing.
You should ask your dealer about what they will offer, if anything, if employee pricing is not available from GM when your Vette is delivered.
Instructor
Joined: May 2014
Posts: 145
Likes: 5
I have only used supplier pricing but I believe Employee pricing is thru this website...
https://www.gmfamilyfirst.com
And supplier is thru this website
https://www.gmsupplierdiscount.com
https://www.gmfamilyfirst.com
And supplier is thru this website
https://www.gmsupplierdiscount.com
Drifting
Joined: Sep 2013
Posts: 1,505
Likes: 13
If you don't meet the entitlement requirements you don't get one.
The only way you will qualify is if your daughter is a GM employee. If she is an employee of a supplier she can only share the discount with you if she has purchased a car under the program within the last 12 months. Suppliers can't share their benefit with family members like employees can.
Here are the rules: https://www.gmsupplierdiscount.com/G...-Rules-VPP.pdf
Le Mans Master
Joined: Apr 2001
Posts: 7,410
Likes: 252
From: Little Elm TX
You get one by either being a GM employee, family member or work for a GM Supplier participating in the program, registering on one of the websites with your entitlement information and following the instructions to generate a code.
If you don't meet the entitlement requirements you don't get one.
The only way you will qualify is if your daughter is a GM employee. If she is an employee of a supplier she can only share the discount with you if she has purchased a car under the program within the last 12 months. Suppliers can't share their benefit with family members like employees can.
Here are the rules: https://www.gmsupplierdiscount.com/G...-Rules-VPP.pdf
If you don't meet the entitlement requirements you don't get one.
The only way you will qualify is if your daughter is a GM employee. If she is an employee of a supplier she can only share the discount with you if she has purchased a car under the program within the last 12 months. Suppliers can't share their benefit with family members like employees can.
Here are the rules: https://www.gmsupplierdiscount.com/G...-Rules-VPP.pdf
Safety Car
Joined: Nov 2007
Posts: 4,446
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From: Tarpon Springs FL
FL Events Coordinator
I cannot understand why you say that....without the dealer you would have to buy "factory direct"....I wouldn't want to think how much fun that would be. While a small minority of dealers earn their reputation as STEALERSHIPS .....you have GOOD and BAD in any business...MOST are an important part of the community in which they are located.
It's like ANY OTHER BUSINESS in this world....they are in it to make MONEY. If you don't like what or how they do it....you have the right NOT to do business with them. But, to say "I wouldn't worry about the dealer" IMO is wrong. We need them.
It's like ANY OTHER BUSINESS in this world....they are in it to make MONEY. If you don't like what or how they do it....you have the right NOT to do business with them. But, to say "I wouldn't worry about the dealer" IMO is wrong. We need them.