When Supply does Catch up to Demand
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When Supply does Catch up to Demand
When supply for the C8 finally catches up to demand and dealers begin to have inventory my question from those that purchased say C7's in the past do the GM dealers provide as much a discount on ordered cars vs. those in inventory or for those dealers that won't even have inventory due to lower allocations are they willing to work out deals below MSRP on ordered vehicles? I likely will have a build that won't be on a dealer's lot even in the future so will probably need to order. tks
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Feb 19, 2021, 02:13 PM
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From: Central Illinois
Safety Car
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From: Gettysburg PA
2020 C8 of the Year Finalist - Unmodified
I factory ordered our '16 Stingray at a 12% off MSRP back in the day ( Nov 2015) ....... don't have any idea if things will go back to that type of scenario anytime soon.......
Melting Slicks
Joined: Sep 2004
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From: Southern NJ
When supply for the C8 finally catches up to demand and dealers begin to have inventory my question from those that purchased say C7's in the past do the GM dealers provide as much a discount on ordered cars vs. those in inventory or for those dealers that won't even have inventory due to lower allocations are they willing to work out deals below MSRP on ordered vehicles? I likely will have a build that won't be on a dealer's lot even in the future so will probably need to order. tks
Melting Slicks
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From: CA
Historically, Kerbeck has offered similar discounts on ordered cars but occasionally would offer slightly better discounts for in-stock inventory vs an ordered car. Keep in mind that an incentive available at the time your car is ordered may not be available when the car arrives so in that case an in-stock car would deft have a better discount / offer available. We are probably talking a minimum of late 2022 or most likely the 2023 model year before we will see ample inventory on dealer lots so this is probably a moot point at this time.
Team Owner
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12% discounts were pretty standard at the big forum dealers on custom-ordered C7s midway through the run. The deeper discounts on lot stock were generally on loaded 3LTs, as well as cars that had been sitting in stock for longer periods. The more options, the more a dealer has room to discount.
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The smallest dealers are the least likely to discount. There is a very small dealer near me who was still trying to get MSRP (or very close to it) on a C7 in the showroom, when the larger dealers were discounting 10% - 12%. That car (a black Stingray) sat there for months... .
Last edited by LIE2ME; Feb 19, 2021 at 02:23 PM.
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My neighbor just texted me an ad from a local Chevy store that has a 3LT car marked up $32,285 over MSRP. May be awhile before you see discounts from list. When I was selling Corvettes new during the launch of the C5, I didn't discount one a dime for the first three model years and that car doesn't hold a candle to the demand of the C8.
Le Mans Master
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There were occasional deeper incentives on some in stock cars vs ordered (I have seen 25-30% off MSRP). Some dealer refer to incentives as "Red Tag Sales" where some Corvette's were marked down even deeper to move inventory. I saw a few smoking deals over the years but we are probably years away from anything like this happening. I would anticipate any type of markdown or discount off MSRP for another 12 months. Could be longer.
Last edited by thill444; Feb 19, 2021 at 02:37 PM.
Thread Starter
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There were occasional deeper incentives on some in stock cars vs ordered (I have seen 25-30% off MSRP). Some dealer refer to incentives as "Red Tag Sales" where some Corvette's were marked down even deeper to move inventory. I saw a few smoking deals over the years but we are probably years away from anything like this happening. I would anticipate any type of markdown or discount off MSRP for another 12 months. Could be longer.
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From: Berlin NJ
Historically, Kerbeck has offered similar discounts on ordered cars but occasionally would offer slightly better discounts for in-stock inventory vs an ordered car. Keep in mind that an incentive available at the time your car is ordered may not be available when the car arrives so in that case an in-stock car would deft have a better discount / offer available. We are probably talking a minimum of late 2022 or most likely the 2023 model year before we will see ample inventory on dealer lots so this is probably a moot point at this time.
Melting Slicks
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From: Southern NJ
Most likely the timing of your purchase fell into play. The discount between ordered cars and in-stock cars was at most a 2% difference. There was probably another unique reason why the discount wouldn't have been any where close such as the timing of the potential order and any deals offered at the time.
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My neighbor just texted me an ad from a local Chevy store that has a 3LT car marked up $32,285 over MSRP. May be awhile before you see discounts from list. When I was selling Corvettes new during the launch of the C5, I didn't discount one a dime for the first three model years and that car doesn't hold a candle to the demand of the C8.
Last edited by ZishanM; Feb 19, 2021 at 07:07 PM.
Team Owner
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What you see on the road in any given place is random. The NoCal Bay Area with generally mild winter weather would be a hot spot. I live in the DC Metro Area, which is also pretty affluent, and I've only seen 1 on the road since deliveries commenced in early 2020. I'm also 40 miles away from the #3 Corvette seller, Criswell.
Your salesperson may have just been trying to move lot stock by dissuading you from ordering.
Last edited by Foosh; Feb 20, 2021 at 11:57 AM.
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https://gmauthority.com/blog/2021/01...w%20to%20Chevy
There are WAY more people wanting to buy a C8 than a C7 and here is more proof.
https://www.cnet.com/roadshow/news/2...-configurator/
Last edited by Phil1098; Feb 20, 2021 at 12:29 PM.