MSRP pricing for me is dead...got a call from dealer
08-19-2022, 10:55 PM
#21
ElFingers - guess that Classic Houston has a problem understanding what the word "list" means.
It doesn't mean that you wait until after they auction off the first two allocations they get, and it doesn't mean that you'll be the first to have the opportunity to buy a car at MSRP - after all those who are willing to pay over sticker have received cars ... First on the list means that person gets the first allocation that they get - Period !!!
I do hope that karma is alive and kicking, and that the dealers that are reneging on their word end up having the same thing done to them many many times over.
It doesn't mean that you wait until after they auction off the first two allocations they get, and it doesn't mean that you'll be the first to have the opportunity to buy a car at MSRP - after all those who are willing to pay over sticker have received cars ... First on the list means that person gets the first allocation that they get - Period !!!
I do hope that karma is alive and kicking, and that the dealers that are reneging on their word end up having the same thing done to them many many times over.
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08-19-2022, 11:35 PM
#22
Burning Brakes
Just for funsies, we should all call these dealerships under fake names and say we’ll buy it for $200k over and never call them back. Or just dick them around as long as possible and then say you changed your mind just like they do to customers.
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08-19-2022, 11:42 PM
#24
Crazy that Classic dealers are resorting to this. Previously, it had been a long standing policy to not have any markup at all at classic dealers(I work for one).
With the current crazy market they modified that policy to extend only to local buyers. I.E. out of town buyers may pay markup on in demand vehicles like yukons and diesel trucks.
I'm #2 on the Z06 list at my dealer but we are so small so have no idea when we will get any allocation. I do know that I will be paying ZERO adm.
With the current crazy market they modified that policy to extend only to local buyers. I.E. out of town buyers may pay markup on in demand vehicles like yukons and diesel trucks.
I'm #2 on the Z06 list at my dealer but we are so small so have no idea when we will get any allocation. I do know that I will be paying ZERO adm.
08-20-2022, 12:12 AM
#25
Burning Brakes
Just received this email from classic Chevy sugarland in Texas:
Classic Chevrolet Sugar Land, LLC ("Classic Chevrolet'') is excited to inform you that GM has provided an initial allocation for the ability to order the all new 2023 Chevrolet Corvette Z06. The available allocation(s) set for this auction has been set by Classic Chevrolet, and the auction is being administered by Carbingo.com.
This online auction is only open to those who have previously expressed an interest in the Z06 to Classic Chevrolet, and not the general public. Your email has been registered on Carbingo.com with the auction link here - you will be able to access the auction and enter your offer(s) for the opportunity to purchase a spot to build your Z06 should you be a successful high-bidder. This link and auction will not be available until the auction start date which is August 20, 2022 at 9:00 a.m. CST.
The auction will begin on August 20, 2022 at 9:00 a.m. CST, and will end on August 21, 2022 at 4:00 p.m. CST. The highest offeror(s) for the available allocations of the auction will be notified by Classic Chevrolet, by email, shortly after the auction closes. The highest offeror(s) will have one (1) hour after being contacted to coordinate a date and time to meet with a Classic Chevrolet representative to build your Z06, and provide a non-refundable deposit of $10,000 (as the vehicle is a custom order). The order and deposit must be placed with Classic Chevrolet no later than August 22, 2022 at 8:00 p.m CST. In the event a successful high-bidder is unable to confirm a build date and time within one (1) hours of the award notification, the allocation is subject to re-allocation to the next highest offeror without any additional notice or time.
In keeping with Classic Chevrolet's long standing tradition of giving back to the community, a portion of the net proceeds of the auction will be donated among the following local charities: Houston Area Parkinson Society, Let'sShine, The Rose, Champions Kids Camp, and/or Shriners Hospitals for Children of Houston.
***Disclaimer***: The amount of your bid WILL NOT be the final purchase price for the vehicle. This auction is for the advanced spot so as to build and order a Z06. If you are the highest bidder for the allotted applicable allocation(s) from GM, in addition to your bid price, you will also be required to pay your vehicle's build price, including GM's MSRP and the selected options for the vehicle, as well as, applicable taxes, title, license, delivery fees, MSRP adjustments, and other applicable dealer fees.
Classic Chevrolet Sugar Land, LLC ("Classic Chevrolet'') is excited to inform you that GM has provided an initial allocation for the ability to order the all new 2023 Chevrolet Corvette Z06. The available allocation(s) set for this auction has been set by Classic Chevrolet, and the auction is being administered by Carbingo.com.
This online auction is only open to those who have previously expressed an interest in the Z06 to Classic Chevrolet, and not the general public. Your email has been registered on Carbingo.com with the auction link here - you will be able to access the auction and enter your offer(s) for the opportunity to purchase a spot to build your Z06 should you be a successful high-bidder. This link and auction will not be available until the auction start date which is August 20, 2022 at 9:00 a.m. CST.
The auction will begin on August 20, 2022 at 9:00 a.m. CST, and will end on August 21, 2022 at 4:00 p.m. CST. The highest offeror(s) for the available allocations of the auction will be notified by Classic Chevrolet, by email, shortly after the auction closes. The highest offeror(s) will have one (1) hour after being contacted to coordinate a date and time to meet with a Classic Chevrolet representative to build your Z06, and provide a non-refundable deposit of $10,000 (as the vehicle is a custom order). The order and deposit must be placed with Classic Chevrolet no later than August 22, 2022 at 8:00 p.m CST. In the event a successful high-bidder is unable to confirm a build date and time within one (1) hours of the award notification, the allocation is subject to re-allocation to the next highest offeror without any additional notice or time.
In keeping with Classic Chevrolet's long standing tradition of giving back to the community, a portion of the net proceeds of the auction will be donated among the following local charities: Houston Area Parkinson Society, Let'sShine, The Rose, Champions Kids Camp, and/or Shriners Hospitals for Children of Houston.
***Disclaimer***: The amount of your bid WILL NOT be the final purchase price for the vehicle. This auction is for the advanced spot so as to build and order a Z06. If you are the highest bidder for the allotted applicable allocation(s) from GM, in addition to your bid price, you will also be required to pay your vehicle's build price, including GM's MSRP and the selected options for the vehicle, as well as, applicable taxes, title, license, delivery fees, MSRP adjustments, and other applicable dealer fees.
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08-20-2022, 12:12 AM
#26
Race Director
Hello everyone....I hope ya'll are healthy and had a great week.
First, let me start by saying I'm not hating on my dealer; to the contrary, these are extraordinary times and the Z06 has generated a crap load of hype and interest unlike anything else out there. With that said, I got a call from my dealer (Classic Houston) and the news wasn't good at all. They have one allocation in the current cycle that will go for $75k over MSRP. I think they're hitting up the folks on the waitlist with deposits for the opportunity to purchase at this insane markup. The reasoning I received was it was "....customers fault..." because the flipping going on with the C8 Stingray, and the insane ADM those vehicles have garnered, created a bubble that has now manifested itself onto the Z06; and, of course, supply chain issues, material constraints, etc... Uhm...ok. Mind you, I am #5 on what was supposed to be an @ MSRP list (for over 2 years; with $2k deposit). The next thing that will happen is the next 3 or so allocations the dealer may get will "....go to auction...". Presumably on EBAY or by pitting folks on the list against each other via a bidding war? I really don't know how this will work and the dealer Corvette focal point was not sure himself until the owner(s) give him some clarity. Subsequent to that round, then they will go down the list, starting from the top, and offer allocations to folks based on what the market is sustaining with regard to ADM at the moment customers are contacted.
So, overall, really bummed out the way this has played out. Never, in my wildest dreams, would I have envisioned this car going for nearly a quarter million dollars (assuming a 3LT with respectable options plus ADM); it's mind-numbing, but the reality some of us will be facing. One thing is for sure...getting the Z06 at MSRP has become a pipe dream at yet another dealer for the foreseeable future. I'm staying on the list for now and will ride it out until the price settles a bit and maybe the ADM will be such I can be enticed to bite. But, man, $+75k on top of the GM price premium embedded in the MSRP?
First, let me start by saying I'm not hating on my dealer; to the contrary, these are extraordinary times and the Z06 has generated a crap load of hype and interest unlike anything else out there. With that said, I got a call from my dealer (Classic Houston) and the news wasn't good at all. They have one allocation in the current cycle that will go for $75k over MSRP. I think they're hitting up the folks on the waitlist with deposits for the opportunity to purchase at this insane markup. The reasoning I received was it was "....customers fault..." because the flipping going on with the C8 Stingray, and the insane ADM those vehicles have garnered, created a bubble that has now manifested itself onto the Z06; and, of course, supply chain issues, material constraints, etc... Uhm...ok. Mind you, I am #5 on what was supposed to be an @ MSRP list (for over 2 years; with $2k deposit). The next thing that will happen is the next 3 or so allocations the dealer may get will "....go to auction...". Presumably on EBAY or by pitting folks on the list against each other via a bidding war? I really don't know how this will work and the dealer Corvette focal point was not sure himself until the owner(s) give him some clarity. Subsequent to that round, then they will go down the list, starting from the top, and offer allocations to folks based on what the market is sustaining with regard to ADM at the moment customers are contacted.
So, overall, really bummed out the way this has played out. Never, in my wildest dreams, would I have envisioned this car going for nearly a quarter million dollars (assuming a 3LT with respectable options plus ADM); it's mind-numbing, but the reality some of us will be facing. One thing is for sure...getting the Z06 at MSRP has become a pipe dream at yet another dealer for the foreseeable future. I'm staying on the list for now and will ride it out until the price settles a bit and maybe the ADM will be such I can be enticed to bite. But, man, $+75k on top of the GM price premium embedded in the MSRP?
I love the "it's the customer's fault"
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08-20-2022, 12:15 AM
#27
Race Director
So those participating are just playing in the auction for the RIGHT to get the build slot.
That takes *****, I tell you
And then...
Note "MSRP adjustments"
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08-20-2022, 12:38 AM
#28
Melting Slicks
Just received this email from classic Chevy sugarland in Texas:
Classic Chevrolet Sugar Land, LLC ("Classic Chevrolet'') is excited to inform you that GM has provided an initial allocation for the ability to order the all new 2023 Chevrolet Corvette Z06. The available allocation(s) set for this auction has been set by Classic Chevrolet, and the auction is being administered by Carbingo.com.
This online auction is only open to those who have previously expressed an interest in the Z06 to Classic Chevrolet, and not the general public. Your email has been registered on Carbingo.com with the auction link here - you will be able to access the auction and enter your offer(s) for the opportunity to purchase a spot to build your Z06 should you be a successful high-bidder. This link and auction will not be available until the auction start date which is August 20, 2022 at 9:00 a.m. CST.
The auction will begin on August 20, 2022 at 9:00 a.m. CST, and will end on August 21, 2022 at 4:00 p.m. CST. The highest offeror(s) for the available allocations of the auction will be notified by Classic Chevrolet, by email, shortly after the auction closes. The highest offeror(s) will have one (1) hour after being contacted to coordinate a date and time to meet with a Classic Chevrolet representative to build your Z06, and provide a non-refundable deposit of $10,000 (as the vehicle is a custom order). The order and deposit must be placed with Classic Chevrolet no later than August 22, 2022 at 8:00 p.m CST. In the event a successful high-bidder is unable to confirm a build date and time within one (1) hours of the award notification, the allocation is subject to re-allocation to the next highest offeror without any additional notice or time.
In keeping with Classic Chevrolet's long standing tradition of giving back to the community, a portion of the net proceeds of the auction will be donated among the following local charities: Houston Area Parkinson Society, Let'sShine, The Rose, Champions Kids Camp, and/or Shriners Hospitals for Children of Houston.
***Disclaimer***: The amount of your bid WILL NOT be the final purchase price for the vehicle. This auction is for the advanced spot so as to build and order a Z06. If you are the highest bidder for the allotted applicable allocation(s) from GM, in addition to your bid price, you will also be required to pay your vehicle's build price, including GM's MSRP and the selected options for the vehicle, as well as, applicable taxes, title, license, delivery fees, MSRP adjustments, and other applicable dealer fees.
Classic Chevrolet Sugar Land, LLC ("Classic Chevrolet'') is excited to inform you that GM has provided an initial allocation for the ability to order the all new 2023 Chevrolet Corvette Z06. The available allocation(s) set for this auction has been set by Classic Chevrolet, and the auction is being administered by Carbingo.com.
This online auction is only open to those who have previously expressed an interest in the Z06 to Classic Chevrolet, and not the general public. Your email has been registered on Carbingo.com with the auction link here - you will be able to access the auction and enter your offer(s) for the opportunity to purchase a spot to build your Z06 should you be a successful high-bidder. This link and auction will not be available until the auction start date which is August 20, 2022 at 9:00 a.m. CST.
The auction will begin on August 20, 2022 at 9:00 a.m. CST, and will end on August 21, 2022 at 4:00 p.m. CST. The highest offeror(s) for the available allocations of the auction will be notified by Classic Chevrolet, by email, shortly after the auction closes. The highest offeror(s) will have one (1) hour after being contacted to coordinate a date and time to meet with a Classic Chevrolet representative to build your Z06, and provide a non-refundable deposit of $10,000 (as the vehicle is a custom order). The order and deposit must be placed with Classic Chevrolet no later than August 22, 2022 at 8:00 p.m CST. In the event a successful high-bidder is unable to confirm a build date and time within one (1) hours of the award notification, the allocation is subject to re-allocation to the next highest offeror without any additional notice or time.
In keeping with Classic Chevrolet's long standing tradition of giving back to the community, a portion of the net proceeds of the auction will be donated among the following local charities: Houston Area Parkinson Society, Let'sShine, The Rose, Champions Kids Camp, and/or Shriners Hospitals for Children of Houston.
***Disclaimer***: The amount of your bid WILL NOT be the final purchase price for the vehicle. This auction is for the advanced spot so as to build and order a Z06. If you are the highest bidder for the allotted applicable allocation(s) from GM, in addition to your bid price, you will also be required to pay your vehicle's build price, including GM's MSRP and the selected options for the vehicle, as well as, applicable taxes, title, license, delivery fees, MSRP adjustments, and other applicable dealer fees.
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08-20-2022, 01:13 AM
#29
Race Director
Member Since: Nov 2017
Location: Prosper TX/Austin TX
Posts: 10,878
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on
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2020 C6 of the Year Winner - Modified
Seems like that letter to dealers from GM did wonders 
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08-20-2022, 05:10 AM
#30
Auctioning you the right to be the #1 on a "list" to purchase a fuggin` Chevrolet? Are you fuggin` kiddin` me?
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08-20-2022, 06:59 AM
#31
I have a question no one has ever been able to answer for yet.
It is my understanding all corvette orders that have been fulfilled have been CUSTOMER SOLD orders. Meaning a legitimate potential customer placed their individual order with a dealer on the premise of intent to purchase said vehicle in good faith.
how are dealers able to say they are going to auction off or sell a vehicle that they received without that being a violation of dealership & manufacturer contract terms?
In order to obtain that Z06 they would have had to lie on the order submission that it was a customer SOLD order, knowing full well they didn't have a buyer lined up.
A retail sales floor stock unit is how that vehicle should be order to be able to legitimately sell in that manner. Obviously placing a order in that category would go unfulfilled due to that huge back log of customer orders that receive first priority, so dealership's are outright falsifying documents to get cars to manipulate the market.
My dealership has told me that would never play that game (thankfully MSRP in written contract) and that type of manipulation of the purchase orders is a violation of the terms set by GM to their dealers.
Obviously if a dealership is informing a customer of an ADM beforehand and they agree upon that, while still allowing the customer to place their own order, then that particular circumstance doesn't apply.
It is my understanding all corvette orders that have been fulfilled have been CUSTOMER SOLD orders. Meaning a legitimate potential customer placed their individual order with a dealer on the premise of intent to purchase said vehicle in good faith.
how are dealers able to say they are going to auction off or sell a vehicle that they received without that being a violation of dealership & manufacturer contract terms?
In order to obtain that Z06 they would have had to lie on the order submission that it was a customer SOLD order, knowing full well they didn't have a buyer lined up.
A retail sales floor stock unit is how that vehicle should be order to be able to legitimately sell in that manner. Obviously placing a order in that category would go unfulfilled due to that huge back log of customer orders that receive first priority, so dealership's are outright falsifying documents to get cars to manipulate the market.
My dealership has told me that would never play that game (thankfully MSRP in written contract) and that type of manipulation of the purchase orders is a violation of the terms set by GM to their dealers.
Obviously if a dealership is informing a customer of an ADM beforehand and they agree upon that, while still allowing the customer to place their own order, then that particular circumstance doesn't apply.
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08-20-2022, 08:31 AM
#32
We should start a **** list of these dealers so we can at least know never to purchase any GM car from them. I know I already have a mental list. Ridiculous
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08-20-2022, 08:37 AM
#33
Race Director
Member Since: Nov 2017
Location: Prosper TX/Austin TX
Posts: 10,878
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I have a question no one has ever been able to answer for yet.
It is my understanding all corvette orders that have been fulfilled have been CUSTOMER SOLD orders. Meaning a legitimate potential customer placed their individual order with a dealer on the premise of intent to purchase said vehicle in good faith.
how are dealers able to say they are going to auction off or sell a vehicle that they received without that being a violation of dealership & manufacturer contract terms?
In order to obtain that Z06 they would have had to lie on the order submission that it was a customer SOLD order, knowing full well they didn't have a buyer lined up.
A retail sales floor stock unit is how that vehicle should be order to be able to legitimately sell in that manner. Obviously placing a order in that category would go unfulfilled due to that huge back log of customer orders that receive first priority, so dealership's are outright falsifying documents to get cars to manipulate the market.
My dealership has told me that would never play that game (thankfully MSRP in written contract) and that type of manipulation of the purchase orders is a violation of the terms set by GM to their dealers.
Obviously if a dealership is informing a customer of an ADM beforehand and they agree upon that, while still allowing the customer to place their own order, then that particular circumstance doesn't apply.
It is my understanding all corvette orders that have been fulfilled have been CUSTOMER SOLD orders. Meaning a legitimate potential customer placed their individual order with a dealer on the premise of intent to purchase said vehicle in good faith.
how are dealers able to say they are going to auction off or sell a vehicle that they received without that being a violation of dealership & manufacturer contract terms?
In order to obtain that Z06 they would have had to lie on the order submission that it was a customer SOLD order, knowing full well they didn't have a buyer lined up.
A retail sales floor stock unit is how that vehicle should be order to be able to legitimately sell in that manner. Obviously placing a order in that category would go unfulfilled due to that huge back log of customer orders that receive first priority, so dealership's are outright falsifying documents to get cars to manipulate the market.
My dealership has told me that would never play that game (thankfully MSRP in written contract) and that type of manipulation of the purchase orders is a violation of the terms set by GM to their dealers.
Obviously if a dealership is informing a customer of an ADM beforehand and they agree upon that, while still allowing the customer to place their own order, then that particular circumstance doesn't apply.
Re: violating GM's dealer agreement, if Dealer A sells one Z07 for $50k, $75k, $100k over MSRP, do you think they really care if GM cuts any future allocations for them? They're playing this game strictly for the short-term monetary gain.
08-20-2022, 09:01 AM
#34
It's simple purchase or walk...There is always someone willing to overpay...**** MSRP is the "deal" of the century yeah right...smh
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08-20-2022, 09:06 AM
#35
The spooky thing about the way it is worded is I bet they still expect $75k and they can get it. Winning bid $50k? $25k ADM or we keep your $10k deposit!
08-20-2022, 09:08 AM
#36
08-20-2022, 09:21 AM
#38
Advanced
all the smaller dealers are doing it, it’s really to bad karma will get them all in the long run. The only way to correct the problem is not to pay the ADM hold out for MSRP, I GAVE up my allocation for 10k over most think I made a bad move and should have paid it. 10k over no Z07, no Carbon fiber really
Last edited by rickmazz; 08-20-2022 at 09:31 AM.
