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Poof--all the sales are gone

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Old 01-06-2019, 04:30 PM
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Ih2lose
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Default Poof--all the sales are gone

Before Christmas I had been scanning car Guru to see what was available in a New Coupe, I thought there were some crazy deals out there,I just went back to my search and it seams all the prices went up. I was trying to make a deal on a New 2018 Grand Sport Carbon fiber and we were 3500 apart. I felt I was doing him a favor as who else would be purchasing last years model, Any ways I wonder what happens with these cars , How does a dealership get out of one of these cars , We are now definitely in winter as I understand the slowest time of the year for car sales ,Buy the time spring comes around again ever one will be thinking C8 , How will they ever get rid of them, Does GM offer them some kind of forgiveness,

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Old 01-06-2019, 04:45 PM
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John Ulrich
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Dealers trying to hit goals for the year to hit incentives will cut deals that will not apply Jan 1st.
Old 01-06-2019, 05:44 PM
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spireland
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Wait a few months when we know whats going on with the C8. Then see what happens to C7 prices. Its going to be a blood bath.
Old 01-07-2019, 12:10 AM
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The dealers are asking the same price for 18’s or 19’s. There not budging on the 18’s so get a 19.
Old 01-07-2019, 02:40 AM
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Gee, amazing ain't it. Ya think they'd never done this before!
Old 01-07-2019, 03:38 AM
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fsvoboda
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Originally Posted by John Ulrich
Dealers trying to hit goals for the year to hit incentives will cut deals that will not apply Jan 1st.
Also, GM incentives (either rebates to buyers or incentives direct to dealers) generally expire at the ends of quarters (or sometimes months). So last quarter 2018 incentives have expired, and new ones for January or first quarter 2019 have not yet been announced.

You often get your best deals at the ends of these periods. For example, I bought my 2017 C7 at the very end of June, 2017, with a deal at Les Stanford Chevy that was in effect for only a week or so. Watch the dealer for sale forum here to find such deals.

Last edited by fsvoboda; 01-07-2019 at 03:39 AM.
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Old 01-07-2019, 08:19 AM
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I think it has something to due with taxes as well. I have heard that a dealer must account for every car on the lot and pay some kind of inventory tax. After the first of the year, all bets are off until next December.
Old 01-07-2019, 08:31 AM
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Originally Posted by Ih2lose
Before Christmas I had been scanning car Guru to see what was available in a New Coupe, I thought there were some crazy deals out there,I just went back to my search and it seams all the prices went up. I was trying to make a deal on a New 2018 Grand Sport Carbon fiber and we were 3500 apart. I felt I was doing him a favor as who else would be purchasing last years model, Any ways I wonder what happens with these cars , How does a dealership get out of one of these cars , We are now definitely in winter as I understand the slowest time of the year for car sales ,Buy the time spring comes around again ever one will be thinking C8 , How will they ever get rid of them, Does GM offer them some kind of forgiveness,
What some retail buyers fail to grasp is that if you're $3500 below the dealer on a $75K car already being discounted to some level that's considerably below original tissue (cost), the dealer may well pass because the car will bring more $ @ Mannheim (auction, that's where a lot of high end excess new cars are sold here in the Northeast USA). Your post implies you think you were close to a deal, I'd argue that you would have only been close if you were $1000 apart. $3500 is the Grand Canyon @ that point. I'm always amazed that retail buyers have this notion that these cars have $20K profit margins. Hardly.

Whether it's your budget or your brain that's the barrier, that car was over your head. Buy a used car you can afford fiscally and/or psychologically (sounds like the latter is the barrier here). I was in the retail and wholesale car biz 30 years ago, so I know this drill. Some buyers seem more focused on the 'deal' than the car. Please just buy a car and then enjoy it, if you actually even WANT a Corvette. Whether you pay $65K or $62K you're going to lose way more than that on depreciation over the first two years, but over the longer term Corvettes hold value better than most $70K cars.

For some guys it's all about the chase/hunt/deal. All I can tell you is nobody, and I mean NOBODY, (myself included) remembers the 'deal' they got on the car after they drive home. They're too busy enjoying their new car. Life is too short my friend. Live it.
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Old 01-07-2019, 09:23 AM
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The dealer most likely sold the car that you were negotiating on, imagine that
Old 01-07-2019, 09:44 AM
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Originally Posted by Ih2lose
Before Christmas I had been scanning car Guru to see what was available in a New Coupe, I thought there were some crazy deals out there,I just went back to my search and it seams all the prices went up. I was trying to make a deal on a New 2018 Grand Sport Carbon fiber and we were 3500 apart. I felt I was doing him a favor as who else would be purchasing last years model, Any ways I wonder what happens with these cars , How does a dealership get out of one of these cars , We are now definitely in winter as I understand the slowest time of the year for car sales ,Buy the time spring comes around again ever one will be thinking C8 , How will they ever get rid of them, Does GM offer them some kind of forgiveness,
"Poof - all the sales are gone"? Seriously? I know its hard to believe, but yes, dealers do have month end and year end incentives to move cars. Not everyone can (or will) afford, or be willing to wait for a new C8 when they finally come out. Dealers will move cars like they always do.
Old 01-07-2019, 09:50 AM
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Originally Posted by 449er
The dealer most likely sold the car that you were negotiating on, imagine that
Or if it hasn’t sold yet, it will. Someone will pay their price.
Old 01-07-2019, 10:52 AM
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GM did have some great deals in December GM pricing and large rebates on many vehicles. I bought 4 of my last vehicles in the month of December. When dealer are try to finish out year strong and meet goals set for the year. Remember Corvette sales might be slow in northern states but truck and SUV sales are very strong. I bought a new left over 18 GMC Sierra SLT CC on December 8 and the dealership was very busy. I went in to order a 19 but couldn't pass on 18 deal. If a dealership has a in low demand vehicle they will just auction vehicle, dealer trade or sell to another dealer. Good luck on your hunt for your Corvette . Hunt is FUN but driving / owning one is a BLAST ! Dave

I did order my 17 GS last week you could order a 17 in April because I want a certain color combo and the interior package was being discontinued.

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Old 01-07-2019, 11:44 AM
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Originally Posted by spireland
Wait a few months when we know whats going on with the C8. Then see what happens to C7 prices. Its going to be a blood bath.
Will it?

If the C8 is closer to $100K, I don't see C7 prices being affected at all.

Now, if the C8 is closer to $70K...that's a different story.
Old 01-07-2019, 12:16 PM
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orca1946
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You were not close on $$$ that far off. Start looking at a new 17
Old 01-07-2019, 05:51 PM
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Bought mine in June from MacMulkin, great prices all year round.
Old 01-07-2019, 07:32 PM
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Ih2lose
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Originally Posted by patentcad
What some retail buyers fail to grasp is that if you're $3500 below the dealer on a $75K car already being discounted to some level that's considerably below original tissue (cost), the dealer may well pass because the car will bring more $ @ Mannheim (auction, that's where a lot of high end excess new cars are sold here in the Northeast USA). Your post implies you think you were close to a deal, I'd argue that you would have only been close if you were $1000 apart. $3500 is the Grand Canyon @ that point. I'm always amazed that retail buyers have this notion that these cars have $20K profit margins. Hardly.

Whether it's your budget or your brain that's the barrier, that car was over your head. Buy a used car you can afford fiscally and/or psychologically (sounds like the latter is the barrier here). I was in the retail and wholesale car biz 30 years ago, so I know this drill. Some buyers seem more focused on the 'deal' than the car. Please just buy a car and then enjoy it, if you actually even WANT a Corvette. Whether you pay $65K or $62K you're going to lose way more than that on depreciation over the first two years, but over the longer term Corvettes hold value better than most $70K cars.

For some guys it's all about the chase/hunt/deal. All I can tell you is nobody, and I mean NOBODY, (myself included) remembers the 'deal' they got on the car after they drive home. They're too busy enjoying their new car. Life is too short my friend. Live it.
Your a bit of an ***, Does trying to insult me and suggest I cant afford the car make you feel like a better person, Your comment is just plain ignorant , I told the fellow up front what I was looking for and what I wanted to spend, He came close but not close enough. It's really that simple.
Old 01-07-2019, 07:33 PM
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Ih2lose
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Originally Posted by 449er
The dealer most likely sold the car that you were negotiating on, imagine that
Car still at dealer with a higher price , IMAGINE THAT

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Old 01-07-2019, 07:35 PM
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Originally Posted by orca1946
You were not close on $$$ that far off. Start looking at a new 17
Great Idea thank you so much for your words of wisdom.
Old 01-07-2019, 07:54 PM
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If you are $3500 apart that could be a $3000 loss to the dealer. Why would they do that? 2018s are not bad property. There will be 3 times more used 2019s than 2018s on the market in the future.
Old 01-07-2019, 10:42 PM
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Default Some dealers still have new 17s

Originally Posted by Ih2lose
Before Christmas I had been scanning car Guru to see what was available in a New Coupe, I thought there were some crazy deals out there,I just went back to my search and it seams all the prices went up. I was trying to make a deal on a New 2018 Grand Sport Carbon fiber and we were 3500 apart. I felt I was doing him a favor as who else would be purchasing last years model, Any ways I wonder what happens with these cars , How does a dealership get out of one of these cars , We are now definitely in winter as I understand the slowest time of the year for car sales ,Buy the time spring comes around again ever one will be thinking C8 , How will they ever get rid of them, Does GM offer them some kind of forgiveness,
Purposely purchased mine this month with the theory sales are slow in the winter. I was surprised so many of the previous model year we’re sitting and dealer was only discounting 5% to 8% off msrp.

I’m located in Virginia and I started my search locally. I realized some dealers here and close by still have new 17s unsold..I think once a dealer orders them they are stuck with them until they sell them and breaking even or wholesaling them has to affect future allocations from GM.

Really wanted new but thought about the depreciation and In any case I settled on a gently used ( 2k miles) 2017 partly because I didn’t want to take depreciation hit on a new 18 or 19.

Hang in there to get exactly what you want....winters not over for another 2 months and Presidents’ Day sales are around the corner.
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