disappointing z06 markup
Thread Starter
Instructor
Joined: Jun 2006
Posts: 181
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disappointing z06 markup
Just received email from Connell Chevrolet in Costa Mesa, CA. Auctioning off two Z06 with minimum bid of 50k over MSRP. I wish Chevrolet would be tougher with dealers on this sort of thing.
Popular Reply
Jan 3, 2023, 03:55 PM
Drifting
Joined: Apr 2022
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From: Melbourne Florida’s Barrier Islands
Mary Barra doesn’t remember how GM went broke and needed a bailout from the taxpayers.
Team Owner
Joined: Aug 2000
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From: Spring Texas
Safety Car
Joined: Aug 1999
Posts: 4,455
Likes: 916
From: South East
"If anyone is interested, there are three Z06 3LT convertibles selling tomorrow...
Vin 00258. red mist/black
vin 00264, black/natural dipped
vin 00266. torch red/black
It will be by a sealed bid auction, bank credit line verification required (perhaps today) with the bids closing tomorrow."
https://www.corvetteforum.com/forums...nuary-4-a.html
Vin 00258. red mist/black
vin 00264, black/natural dipped
vin 00266. torch red/black
It will be by a sealed bid auction, bank credit line verification required (perhaps today) with the bids closing tomorrow."
https://www.corvetteforum.com/forums...nuary-4-a.html
Pro
Joined: Mar 2022
Posts: 656
Likes: 474
Spending that kind of money on any GM product is throwing money down the drain. Now that interest rates are up where they are, the prices are not going to hold. Anyone who pays a 100k over on a Z06 will probably lose a 100k in one year. At the end of the day the Z06 will cost you more in depreciation than a Ferrari or a Porsche at these markups.
Instructor
Joined: Nov 2021
Posts: 156
Likes: 123
I am pretty sure selling cars way below current market value isn't the key to financial success for GM. At the moment, market value for Z06 is 50-100K over MSRP. I have no idea why you think GM would be upset at dealers that are up front about pricing and maximizing their profit. I understand it is not ideal when you can't financially afford the vehicle you desire. Z06 is certainly priced out of my pay grade at this time! But that is the nature of a free market economy...
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Racer
Joined: Jun 2022
Posts: 265
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From: Alaska
Thats how its been since announcement. I talked to a dealer who told me MSRP until some guy came along and offered them 50k for the spot. Money talks and if they can get the 50k over easily they are gonna do so. Most cars these days are marked up to some extent.
Race Director
Joined: Apr 2017
Posts: 13,602
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From: Virginia
Many are purchasing Z06s at MSRP. All it took is a little foresight and patience. I will have mine at MSRP in a couple years and will enjoy my C8 Z51 until then.
Race Director
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From: Prosper TX/Austin TX
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Drifting
Joined: Apr 2022
Posts: 1,396
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From: Melbourne Florida’s Barrier Islands
GM aid giving away the added monies that a higher selling price could bring. GM DID NOT GET THEIR MONEY, the dealer got it. GM designed and built the car, all the dealer does is hand them out, ie NOTHING.
Mary Barra is foolish, the shareholders should sue, taxpayers (customers) got screwed.
When GM goes broke again, let their dealers bail them out.
Last edited by Fishfryer527; Jan 3, 2023 at 07:17 PM.
Race Director
Joined: Nov 2017
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From: Prosper TX/Austin TX
2020 C6 of the Year Winner - Modified
ADM has everything to do with it. The car can command a higher price. This policy of allowing dealers to charge what the market will bear and not GM charging market price takes money away from the corporation for higher salaries, bonuses, R&D, as well As dividended and higher share price to the shareholders.
GM aid giving away the added monies that a higher selling price could bring. GM DID NOT GET THEIR MONEY, the dealer got it. GM designed and built the car, all the dealer does is hand them out, ie NOTHING.
Mary Barra is foolish, the shareholders should sue, taxpayers (customers) got screwed.
When GM goes broke again, let their dealers bail them out.
GM aid giving away the added monies that a higher selling price could bring. GM DID NOT GET THEIR MONEY, the dealer got it. GM designed and built the car, all the dealer does is hand them out, ie NOTHING.
Mary Barra is foolish, the shareholders should sue, taxpayers (customers) got screwed.
When GM goes broke again, let their dealers bail them out.
You set the base price at $150k when you still have at least 2 more Corvette variants slated, you shoot yourself in the foot. Not only on Z06 sales, but on the next 2 variants. It's good they don't have you making business decisions
Le Mans Master
Joined: Nov 2002
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From: Rochester New York
Also...it is not the flippers ruining things, if the dealers were all selling at MSRP there would be no flippers!
Drifting
Joined: Aug 2003
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From: H-Town
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Even if the dealers were all selling at MSRP there still would be flippers making a profit as long as demand far surpasses supply.
Race Director
Joined: Mar 2001
Posts: 19,973
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From: Bonneville Salt Flats
Hardly new... and, no one who is collecting the money cares what we think (as long as someone is willing to fork it over), least of all GM having real qualms about their dealers. Did you read the wimpy GM response to such two or three years ago? 
Le Mans Master
Joined: Dec 2013
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From: Charles Town WV
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Here's the thing about most of the folks who are willing to pay 50-100k over sticker... They don't care because they can afford not to care, they aren't playing the same game as the average buyer. Interest rates don't mean **** when you pay cash, depreciation doesn't mean **** if you want the car bad enough. Its hard for the average person to understand because we aren't all playing the same game in life. To some folks 50k is pocket money. The dealers know this, and gladly will exploit it.
Last edited by StayinStock; Jan 4, 2023 at 08:30 AM.
