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Hi Folks! Live in Florida and patiently awaiting my 10th vette. I am really bugged by all the new cars being offered at nosebleed prices by resellers. It is not fair to us true enthusiasts who are waiting in line. All the dealers say new cars are only sold to verifiable individuals in their own state. So where are all these cars coming from? Guy in Miami says he has sold over 20 this year!! Listings typically include VIN, if GM truly wanted to enforce why don't track original Dealer and stop sending them cars?
Hi Folks! Live in Florida and patiently awaiting my 10th vette. I am really bugged by all the new cars being offered at nosebleed prices by resellers. It is not fair to us true enthusiasts who are waiting in line. All the dealers say new cars are only sold to verifiable individuals in their own state. So where are all these cars coming from? Guy in Miami says he has sold over 20 this year!! Listings typically include VIN, if GM truly wanted to enforce why don't track original Dealer and stop sending them cars?
Absolutely not true. The biggest Corvette dealers sell most of their Corvettes to out-of-state buyers. That's how I got mine.
GM absolutely cannot prevent any buyer from selling their car. GM has no rule about selling out-of-state, so what is there to enforce? GM wants to sell cars. What happens to them after they get sold is of no interest to GM. They do have an allocation system this year that will penalize dealers with lower allocations if they have cars sitting on their lots (for example, ones with high dealer markups). Highly unlikely there is anything in the GM/Dealer agreement that would allow what you suggest.
Ford has a great plan in their GT. You have to already own a 2004 or later to order, then they put a 2 year lein on the car so you can’t sell it. That’s why all you see at auctions now are 2019s.
Absolutely not true. The biggest Corvette dealers sell most of their Corvettes to out-of-state buyers. That's how I got mine.
GM absolutely cannot prevent any buyer from selling their car. GM has no rule about selling out-of-state, so what is there to enforce? GM wants to sell cars. What happens to them after they get sold is of no interest to GM. They do have an allocation system this year that will penalize dealers with lower allocations if they have cars sitting on their lots (for example, ones with high dealer markups). Highly unlikely there is anything in the GM/Dealer agreement that would allow what you suggest.
Let me clarify, I am on a few lists and only dealers that sell MSRP. When I said "verifiable in their own state" I meant the end user, not the dealer. In order to get on MacMulkin list I had to send copy of DL and exactly how I wanted title with deposit. What I was referring to are "Wholesalers" who are in cahoots with a dealer to split profits, not title and register cars until a "buyer" has paid. That way the dealers reputation for "only sell at MSRP" stays intact. I have no issue with someone who has done all of that and paid tax and after 5 or 10,000 miles want to sell and recoup their costs. A wholesaler ( I call them whoresalers) that sells multiple cars, has not been on any list for a year. Those are the ones I object too and GM can absolutely police that.
Furthering what Zymurgy said, the NADA and local auto dealers associations have done a fantastic job of lobbying and contributing to (some might say bribing) state legislators to make it very nearly impossible for manufacturers to exercise any real control over dealer sales practices. Outside of actual fraud or other criminal activity, dealers can do whatever they want with the cars they buy from GM. And yes, the dealer buys the car from GM, not you. You, in turn, by it from the dealer.
As far as where they're coming from, dealers are buying cars at auction from other dealers, buying used C8s from the original buyers (sometimes even before the car is delivered). And perhaps those 20 cars include ones ordered by the original purchasers? GM has built 26,000 of them this year.
Last edited by Red Mist Rulz; Sep 19, 2021 at 09:42 PM.
Ford has a great plan in their GT. You have to already own a 2004 or later to order, then they put a 2 year lein on the car so you can’t sell it. That’s why all you see at auctions now are 2019s.
Much more manageable on a car that sells in the hundreds than one that sells in the tens of thousands. And GM's goal is to bring new buyers to Corvette, not limit sales only to repeat buyers.
Let me clarify, I am on a few lists and only dealers that sell MSRP. When I said "verifiable in their own state" I meant the end user, not the dealer. In order to get on MacMulkin list I had to send copy of DL and exactly how I wanted title with deposit. What I was referring to are "Wholesalers" who are in cahoots with a dealer to split profits, not title and register cars until a "buyer" has paid. That way the dealers reputation for "only sell at MSRP" stays intact. I have no issue with someone who has done all of that and paid tax and after 5 or 10,000 miles want to sell and recoup their costs. A wholesaler ( I call them whoresalers) that sells multiple cars, has not been on any list for a year. Those are the ones I object too and GM can absolutely police that.
Do you have some proof of dealers being "in cahoots" with a wholesaler to split their profits? There's a place in the Dallas area (not a new car dealer) that gets multiple C8's and sells them above MSRP. They are NOT "in cahoots" with any dealer. They get their C8s from a variety of sources. as DSOMrulz stated in his post.
We have a local Ford dealer that has what little new inventory he has marked up 5k over sticker and the local Chevy dealer is almost empty. I was offered 5k over sticker for my one year old 2500 Ram. The old days of discounts and in many cases MSRP are done for now. So it isn’t just Vettes.
OP joins forum in Sept 2021, makes 2 posts including a this thread with an accusation with zero real world proof that “Big dealers” are in “cahoots” with wholesalers. Sounds totally plausible, right?
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