Under MSRP

Dealer outside of Chicago has 10 units slightly under MSRP , use it for the deal in your neighborhood , these guys were over MSRP for the longest time , they can rot on the lot now!!!

[QUOTE=Big Windy Z;6135953]Dealer outside of Chicago has 10 units slightly under MSRP , use it for the deal in your neighborhood , these guys were over MSRP for the longest time , they can rot on the lot now!!![/QUO
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I agree, the Dealers have a 10/12% cushion to deal with under the SUGGESTED MSRP price and still make a good profit on the cars.

I agree, the Dealers have a 10/12% cushion to deal with under the SUGGESTED MSRP price and still make a good profit on the cars.[/QUOTE]

I love when people think dealerships make 10/12% on a new car. If you bought a new 2SS with a MSRP of $37880.00 the dealership owns the car for $34551.78. that is after the hold back and the advertising that they pay to GM. So actually the dealership owns the vehicle for $36337.58 and depending on which market you are in you may have to add the advertising twice if you have a local marketing group. So on a $37880.00 Camaro if we sold it at Gm employee the dealership actually makes $1701.50.

Then they have to pay the salesperson, managers, light bill, and many more people.

Not to go on and on but dealerships have less then a 4-5% net profit on any vehicle.

I agree, the Dealers have a 10/12% cushion to deal with under the SUGGESTED MSRP price and still make a good profit on the cars.

I love when people think dealerships make 10/12% on a new car. If you bought a new 2SS with a MSRP of $37880.00 the dealership owns the car for $34551.78. that is after the hold back and the advertising that they pay to GM. So actually the dealership owns the vehicle for $36337.58 and depending on which market you are in you may have to add the advertising twice if you have a local marketing group. So on a $37880.00 Camaro if we sold it at Gm employee the dealership actually makes $1701.50.

Then they have to pay the salesperson, managers, light bill, and many more people.

Not to go on and on but dealerships have less then a 4-5% net profit on any vehicle.[/QUOTE]

The 10/12% is the amount off the MSRP the Dealer has and still make a profit. Example. $35000 List 10% off (3500) you pay $31500 and the Dealer made his profit. Anyone who pays the MSRP price is a IDIOT.....

What dealer near Chicago?

Phillips Chevrolet , Frankfort . Let those cars sit , buy from the dealers who were with the MSRP all along. I bought a Caddy EXT instead of the Camaro because I didn't want to take a bath paying above list . I rented the Camaro to get it out of my system till next spring .:D

I rented the Camaro to get it out of my system till next spring .



I don't think I will ever get it out of my system..........:D

I went today to my dealership because they had 3 sitting on the lot for about 2 weeks now. Then I found out why cause they want 61,000 for a 2SS and and get ready for this one 48,000 for a V6 LT. They told me it was supply and demand. Nobody is gonna pay that price which is why they are still there. Then I called chevy to ask if it was legal to mark up if I order it not buy off the lot. They said I have to pay what ever the dealer is willing to sell it for, which was by the way 60,000. Said they would cut off a thousand if I ordered it. Hope they all go out of business. Crazy guess I will be still waiting...

I can believe dealers can get away with it.... i mean... if they are doing that is because they have gotten 1 or 2 people to bite for that price.. it's sad...

You gotta be hard on them...they are fighting to get the most money out of you.. and you are fighting to keep the most money... it's business...

I am glad to say that I Pre-ordered and got it at MSRP... there was only 2 people before my preorder and they payed..10k over and right after my order was set they sill sold camaros for 10k or 5 k over. I don't blame them.. if they can get away with it... sorry for the people that pay it thought.

I agree. There is nothing wrong with capitalism. If someone has enough money and wants something bad enough, let them spend it. Dealerships have to make money to stay in business, that's the whole point why their employees show up for work, you know... Also, it makes you feel much better when you find a deal because you had a little patience!

I'm junpin on kinda late... I know that everyone's experience is different, but.. I also "Rented one to get it out of my system". It was like an intervenous injection of nitroglycerin. I don't really know what that would feel like, but I'm bettin' that it would get me ready to drive an SS Camaro! Mine is now on the way!

I can't imagine anyone with $60k wanting a Camaro bad enough to pay that much for it instead of looking around for a better price. That's a huge markup. Even if you were made of money and had that much to throw away, what person would want to walk into a dealership with the whole place thinking what a dumb sucker you were for paying that much for it?

Im seeing used SS's in the mid 30's, I almost got the demo V6 model for 19K! it has 5K miles on it... But when I tyryed to go for it... they said it was sold... still in the back of the dealership... if still there by spring I will offer them 18K :)

if you could get it for 18K that would be s STEAL!!!!

jumping in here late as well, just to back up jtrott on the whole markup dealerships have. Im a GM salesman in fort knox kentucky. if the sticker on the window says MSRP= 35000, then the GM supplier price (which id be more then glad to sell any new camaro to anyone at) is roughly 33500. DEALER COST BEFORE ADV. FEES TO GM is roughly 32750.

ive got a mathematics minor so ill break down the simple math
35000-32750= 2250
2250 is %6.43 markup BEFORE paying me my mini-deal commission of 200 dollars. and yes, its a mini deal because chevy doesnt make **** on new car sales.
lets just say the dealership wanted to cover my 200 dollar commission and break even. that means there markup is now 2050 dollars (%5.86 markup) just to break even on the car.

advice to the generally ignorant consumers- when you go to a new car lot and think youre gonna get 10% off a new chevy sticker price and then act like an ass becuase you're told they cant do it... you're just making youself look retarded and you dont even know it.

:-)

if you dont believe me, id be more then glad to fax an invoice sheet to you so you can proove to yourself youre ignorant to how car sales actually work

...you can proove to yourself youre ignorant to how car sales actually work

That's why I have never bought a new Chevy. Every time we have went into a Chevy shop that is the attitude I get from the entire dealership. I would have loved to have my wife get a new Camaro, but the salesman at our dealership wouldn't even let us drive an SS. So, we got a 2010 Maxima (her third, and very nice). I will be buying another car for myself this fall, and I really want a Camaro but if this is the attitude we get I won't be getting one either.

As for the "invoice" you can print, I have heard that before and it is a joke. I could print one myself and make it look like the dealer is clearing as much as I would like.

Maybe your lot has so many sitting there because people are tired of being treated like the dealer thinks they are "ignorant".

theres always two sides to a situation, and as far as having that many on the lot its becuase we move about 10 or 15 camaros a month because we have no problem selling them cheaper then anybody around because we will sell at supplier to anyone. our customer service is impecable here and thats why we're consitantly in the top 3 chevy dealerships in kentucky every year :-)

ive let plenty of people drive brand new SS camaros because the truth of the fact is you never really know who can buy one untill you get down to credit or cash information.

as far as your experience with the whatever dealership you went to i apologize it was not a happy one. however you might want to do a little self reflection and realize that there is the chance multiple people that ACTUALLY work in our field are giving you the same information in this same thread and you have trouble believing salesman are capable of the truth.

similarly to every other situation in life, when a customer comes in with the attitude they are "owed" unreasonable standards, they will NEVER get very far. breaking even on a car at a dealership means that they worked several hours for free, i know darn well if you were asked to do your job for no pay you'd be a little frigid. as far as the prices, i sell multiple camaros a month under MSRP. ask me and thats a better deal then going into walmart to buy a coke at the MSRP of 1.49 and paying full price along with tax. Your ass just got high grossed and you dont say a word and youre happy about it.

sorry for the rant, but the two largest obstacles to overcome in the car industry are poverty and ignorance, this is a case of the latter.

i want to also clear up the use of the word 'ignorant' in the original post. im not using that as a degredation, but in it's literal meaning that someone is truly without understanding due to lack of factual information. there's no way that anyone who hasn't worked in our field is expected to know the ins and outs of our job, and i would never use that as an insult persay.

I can see that it must be aggravating working with people who have unrealistic goals when they walk in. I have a decent idea of what the dealer is making and I don't mind that they are trying to make a living. I have just had a much worse experience at Chevrolet dealers than any other. My wife and I have had probably 35 cars, and the first 28 or so were GM (yep, after my first car - a Ford Grenada - I became pretty loyal to the general). Hopefully we can get someone to be reasonable when we go to get the Camaro. We might even come by your dealership - I'll be moving to Bowling Green this summer.

As for working for free, I am a physician and you wouldn't believe how much I do my job for no pay or appreciation (much like you).

New cars we've bought, we go in with a price we'll pay. Out the door offer that I think is reasonable, or maybe not so reasonable depending on conditions. So far I'm batting 1000 on this. Rebates, first time buyer discounts, whatever they want to write up so long as the number matches.

thats an excellent approach tom2. im willing to bet that once or twice in your car buying experiences with new cars you may have even left with a price lower then you had in mind. rebates on new gm products get rather significant from time to time.

The customers that come in wanting a percentage off the sticker price regardless of what it is and regardless of the vehicle are the customers that usually end up unhappy.

the best advice i can give from this side of buying/selling vehicles is to go in with an objective mind set. have a number in your mind of what you want to pay and simply ask your salesman what discounts and rebates are available at the time. HOPEFULLY you have a reasonable salesman that is more then happy to disclose that information to you and WORK to earn your business. Our job is to get terms and figures agreeable to YOU, and if the dealership can accomplish that while maintaining a profit margin, everyone wins. unfortuneatly car salesman have a reputation as a close second to lawyers, when in fact our job is actually to HELP the customer. the few salesman that lose that perspective are unfortunately the face of our industry.