2023 C8 Price Protection
#21
Moderator
Wanted to see how other dealers are handling the price protection on the Corvettes. As I would imagine most who are getting their C8s now are price protected for the C8 increase that went into effect on June 13th. I picked mine up from my dealer on Friday and he stated that my order should qualify for the price protection from GM but the dealership needed to apply for it with GM and at delivery I needed to pay the new MSRP but once the price protection was approved by GM, they would reimburse me. I bought from my small, local dealer (I am their 23rd C8 customer to date) so would imagine they are handling different than the big guys (MM, Ciocca, etc). Wanted to see what everybody's experience was when they went to pick up their C8s and how their dealer handled the price protection. Thanks
- The big dealers (and others) will discount the MSRP by the amount of the price increase on your car. This results in you paying whatever state tax at the lower price. The dealer then gets reimbursed by Chevy for the dealer cost portion of the price increase - not the full MSRP increase amount. This is how price protection is supposed to be handled.
- There seem to be quite a few dealers that charge you the higher price (and you get taxed on the higher price), and then refunds to you what Chevy reimburses to them. This will NOT be the full MSRP increase.
- Then there are far too many dealers that will charge the higher MSRP amount and give the buyer nothing.
Price protection only applies to SRE (Retail Sold) orders and never crosses model years.
#22
Le Mans Master
I get that, BUT, he didn't say that. He said Ciocca does not offer price protection which is wrong because they do.
Quote:
Originally Posted by C8Corvette View Post
With the two biggest Corvette dealers, MacMulkin provided price protection whereas Ciocca did not. I know because I asked these dealers. So, even with the big boys, you will get differences in how this is handled. Same thing goes with whether or not Courtesy delivery is allowed.
Ciocca DOES provide price protection. I picked my 2023 HTC up on July 8th, 2022 and the original price was honored. They are doing this for all of their qualified buyers.
Quote:
Originally Posted by C8Corvette View Post
With the two biggest Corvette dealers, MacMulkin provided price protection whereas Ciocca did not. I know because I asked these dealers. So, even with the big boys, you will get differences in how this is handled. Same thing goes with whether or not Courtesy delivery is allowed.
Ciocca DOES provide price protection. I picked my 2023 HTC up on July 8th, 2022 and the original price was honored. They are doing this for all of their qualified buyers.
#23
Same happened to me, picked up mine 2 weeks ago and had to pay new price and dealer said that "when GM sends them the money" they would return the difference. I'll certainly make them pay for the additional Sales and property tax that I had to pay. Told them I'll only respond to GM's survey after getting my check back with the correct $.
#24
Instructor
Same happened to me, picked up mine 2 weeks ago and had to pay new price and dealer said that "when GM sends them the money" they would return the difference. I'll certainly make them pay for the additional Sales and property tax that I had to pay. Told them I'll only respond to GM's survey after getting my check back with the correct $.
I'm enjoying my new Stingray so much now that the negative dealer situation is fading away.
Congratulations on receiving your new C8 Stingray!
#25
Drifting
Same happened to me, picked up mine 2 weeks ago and had to pay new price and dealer said that "when GM sends them the money" they would return the difference. I'll certainly make them pay for the additional Sales and property tax that I had to pay. Told them I'll only respond to GM's survey after getting my check back with the correct $.
#27
Price protection
That's not how the process works. This is the same process GM has used in the past, and as long as the dealer knows what they are doing, GM will reimburse them. But to make you pay upfront and try and get a refund, is lame. My Dad got price protection on his C8 from a larger national dealer, they didn't bat an eye. This isn't just for Corvette, either. Any order that was 1100 before the cutoff day is eligible.
#28
Drifting
#29
Thank you much Just don't seem right that I would have to pay more sales tax then need to be
#30
Price
My dealer Les Stanford Chevrolet is charging me the higher MSRP And tells me it will be possibly 3 to 6 weeks before I get reimbursed I tried telling them that's not how it's done but they insist that is how it's done And I am now 7 days from picking up my car after waiting 16 months
#31
Price
And it was on a sold order
#32
Racer
Member Since: Aug 2021
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2023 C8 of the Year Finalist - Unmodified
My dealer Les Stanford Chevrolet is charging me the higher MSRP And tells me it will be possibly 3 to 6 weeks before I get reimbursed I tried telling them that's not how it's done but they insist that is how it's done And I am now 7 days from picking up my car after waiting 16 months
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Craig Calloway (11-07-2022)