RandomTask

If its such a sweet gig for them, start your own dealership and sell for less.

Seriously, how much profit is acceptable in your mind?

I'd rather give $10k to a dealer with a solid service dept and a seller who knows what they're talking about and going to watch out for you over a dealer who will charge $1k over invoice through a sales agent that doesn't even know how to spell "Corvette".

How many people on this forum have whined about Z's still moving at our near MSRP, stating discounts were right around the corner? Well those extra couple grand already allowed me to enjoy a nice season of driving and I'm not getting any younger.

OBSSSD

There are people taking the time to look around and still getting thousands off MSRP

Rguy271

I see your viewpoint, but comon, a 10k price gouge because the "seller knows what they're talking about?"

bub

Interesting.

The copy of the "BARS" invoice from my '15Z confirms that invoice on base was 91% of MSRP (88% on options, Destination is pass thru at 100%)...that said >93% (91% + >2%) base, >90% (88% + >2%) options now is a pretty sizeable shift back to the house and "towards transacting closer to MSRP".

Based on the insight above, I can only assume that the actual increase is 3 or 4% perhaps (">2%"), and as it seems that GM only deals in whole number (not fractional) %'s.

Wonder how long it will be before the internet sites (e.g. KBB, Edmunds, etc.) catch up with this change...

RandomTask

Well what about real estate agents? $500k house at 6%? Basically you're paying two people $30k to shovel paperwork and take you around to a couple houses. And they don't even have to carry hundreds of thousands if not millions in inventory. They ask you what you're looking for, plop it into their MLS system, and give you a list to checkout.

I understand to some, it’s a sting. I gave Mike at Criswell my money at MSRP. I knew what the invoice on my car was and gave it to him. After my experience with the service he gave, the knowledge he had, I’d do it again in a heartbeat.

I got a little off my Chevy Cruze from a local dealer. One of their hottest selling cars, the sales guy didn’t even know about the options.

This is probably non-sequitor, but when the Ford GT came out, people were laughed at constantly for paying $40-$50k over MSRP. The ridicule for people opting for the $14k gulf package was insane. “$14k for a stupid paint job?!” You can’t even touch a heritage edition GT now for under $350k; most going for $400k+.

bub

Assuming it is at least a 3% cost bump my '15Z's cost would now look like this as a '16:

was MSRP $87,330 (Dec '14 build car before $1k '15 price increase)
was Invoice $79,310

now MSRP $89,025 (up $1,695) {with some cameras}
now Invoice ~$83,400 (up over $4k)

bub

Hmmm...well I stand corrected on my fractional invoice % theory...I looked back at my daughter's '14 Cruze and it was 95.5% base and 88% options for invoice.

Her '11 was 96% base, 88% options tho...

An old Tahoe from '10 that I no longer own (yeah I sold it and bought a '13 Ford Raptor) was 93% base, 88% options...further illustrating GM's move to getting Invoice closer to MSRP in general after the bankruptcy and pushing "transaction prices closer to MSRP" for "brand value" perception.

HDLARRY

This kind of explains why I have not been able to get a confirmed MSRP price commitment on a new Z06 that I wanted to order from a higher volume dealer. Last week I made an offer and requested something in writing indicating that my price would be MSRP less my 09 Z06 at current trade-in value. Not really anything special in the way of a deal.

This dealer must be wrestling with how they will handle the invoice price increase. Does he stick with the original verbal deal he and I were willing to do? Does he tell me there was a price increase but forget to say anything about the increase being on invoice price, not the MSRP we had agreed to?

It will be interesting to see how this dealer handles my request. Fortunately I'm not dead set on buying a new Z06, it is actually a retirement gift to myself and I can still live with my old C6 Z06, which is still a great car.

I sincerely thank Dave at Kerbek for the information he has shared with us. At least I better understand why this dealer may be stalling on my request for a written agreement.

Andy@A&ACorvette

You can bet trade ins will reflect this.
Speaking of trade ins, what is up with trade in prices anyway.
You can look up your trade in value on KBB, Black Book, NADA or whatever and it has no bearing on what you'll actually get.
I just traded my '14 Grand Cherokee SRT for a '15 Tahoe. All the books showed it at about $50K.
3 Dealers offered me from $42K to $46K. Some of you guys seem to know more about the ins and outs of car dealerships. How do these "books" come up with these prices when there's not a chance in hell that's what you'll get?

pookie

They go by auction data. Here are the last months worth or SRT8s sold. At 15K miles, average MMR(auction price) is about $51K.

06/24/15 NASHVILL Regular $54,900 17,012 Avg BLZ RED 8G A Yes
06/25/15 TAMPA Regular $52,900 25,757 Avg GRAYMET 8G A Yes
06/25/15 PA Regular $50,300 32,917 Avg BLACK 8G A Yes
06/25/15 DETROIT Lease $54,900 13,772 Avg BLACK 8G A Yes
07/01/15 RIVRSIDE Factory $48,000 9,079 Avg BLACK 8G A Yes
07/01/15 MILWAUKE Regular $56,000 16,449 Above WHITE 8G A Yes
07/02/15 SO CAL Lease $50,000 29,087 Avg BLACK 8G A Yes
07/10/15 PA Regular $54,000 14,005 Avg Black 8G A Yes
07/13/15 FT LAUD Regular $55,900 20,230 Above WHITE 8G A No
07/14/15 OHIO Regular $52,000 3,358 Avg BLACK 8G A Yes
07/15/15 ORLANDO Regular $55,000 16,998 Above BLACK 8G A Yes
07/15/15 DETROIT Regular $51,800 20,786 Avg WHITE 8G A Yes
07/16/15 ARENA IL Factory $43,250 50,451 Below BLACK 8G A Yes
07/16/15 ARENA IL Factory $41,000 35,482 Below SILVER 8G A No
07/17/15 PA Regular $57,000 4,877 Above RED 8G P Yes
07/20/15 ORLANDO Factory $46,800 7,769 Below WHITE 8G A Yes
07/20/15 ORLANDO Factory $46,400 8,933 Below GRAY 8G A Yes
07/20/15 ORLANDO Factory $45,200 1,086 Below WHITE 8G A No
07/21/15 ORLANDO Regular $54,400 7,354 Avg RED 8G A Yes

SS MPSTR

Supply and demand. There are dealers in SoCal still asking, and getting, $10k over MSRP. I have noticed that there is inventory sitting on lots a lot longer than the early '15 MY cars - here is a case for getting a Z06 for under MSRP. The caveat: live with what they have on the lot. If you order a car (like I did) the ability to negotiate for less than MSRP is a lot tougher, but it is the exact car I want.

Greg00Coupe

IDK I think you guys need to reread this post. The MSRP is NOT changing due to this. Yes this change does affect the deal. Any increase to the dealer affects the deal.

Interesting my dealer in Columbus Ohio has a 15 Z...... was ordered and the buyer bailed. If is a silver vert, black top with ready for this yellow calibers. Different. I said too bad you got stuck with a cancel on such a car and he said he's not worried. He has a broker who will pick it up and redistribute it and it does not cost that much. Not sure how this broker thing works for new cars but he apparently bundles his slow selling cars and dumps them.

He discounts every car he sells including the Z but apparently does not want to bother trying to sell this 15...... will set it on his lot a few weeks then dump it.

jimmyb

You have possibly written the post of the year!

I always wonder, as well, what is acceptable profit percentage for the people that whine about dealer mark up. I'll guarantee you one thing, NONE of these whiners SELLS anything for a living. If they did, they would probably have a different view on what they consider acceptable (you know, something like $2,000 profit on a $70,000 car).
I am always amazed at how many people slept through the "supply and demand" discussion in school.

Jimmy

capecodvette