2010 - 2015 Camaro News, Sightings, Pictures, and Multimedia All 2010 - 2011 - 2012 - 2013 - 2014 - 2015 Camaro news, photos, and videos

What about these Dealer mark ups

Thread Tools
 
Search this Thread
 
Old Oct 20, 2008 | 03:00 PM
  #1  
ZachXSmith's Avatar
Thread Starter
Registered User
 
Joined: Dec 2003
Posts: 116
From: Frankenmuth, MI
What about these Dealer mark ups

So my dealer told me today that the new Camaro's will be most likely sold with a 5000-7500 mark up on top of msrp. Similar to the challenger.
Also they told me that my GM Discount could not be used?? Why is Gm allowing this and this is bull**** i'm getting screw'd out of a new camaro.
They are telling everyone this at the dealership who orders or order'd camaro's.

TELL ME THIS ISNT TRUE!!!
Old Oct 20, 2008 | 03:05 PM
  #2  
95birdible's Avatar
Registered User
 
Joined: Feb 2006
Posts: 123
Just got this from Polar Chevrolet in Maplewood MN.

Jason,
They are a bit behind in allowing orders yet. We believe we will have more info in the next 2-3 weeks. I currently do not have pricing. I do know however that we will not be selling them for over MSRP and more than likely will be somewhat below that.

Bob Kiley

Polar Chevrolet/Mazda
1801 County Rd F
White Bear Lake, Mn 55110
http://www.polarchevmazda.com/

Also, I work for Costco and inquired about the Camaro with their buying program. From what I have heard is they are going to be selling for $500 to $1000 over invoice which is less than MSRP. If you are a member you may want to check it out in the next month or so.
Old Oct 20, 2008 | 03:07 PM
  #3  
Black5thgen's Avatar
Registered User
 
Joined: Apr 2007
Posts: 138
From: Chicago
My dealer has offered me MSRP and I'll know tomarrow if I get my GM card dicount. I went into another dealership and not only did the guy tell me that the SS wouldn't be out until next year he also gave me the same mark up BS and referenced the challenger. Some people are just looking to rip others off. If I'm not mistaken a dealership can choose not to honor a discount even if GM will.
Old Oct 20, 2008 | 03:16 PM
  #4  
Primus's Avatar
Registered User
 
Joined: Aug 2006
Posts: 395
From: St. Peters, MO
Originally Posted by 95birdible
They are a bit behind in allowing orders yet. We believe we will have more info in the next 2-3 weeks.
This is the same BS I have heard from the dealer I already placed my order with and placed my deposit.

For some reason they won't use the quick order system. I have called GM and complained but I doubt they will do anything about it.

I can't understand why there is such a disconnect between the dealers and GM.
Old Oct 20, 2008 | 03:16 PM
  #5  
skorpion317's Avatar
Registered User
 
Joined: Dec 2005
Posts: 1,209
DON'T PAY OVER MSRP ON THE CAMARO!

If your local dealer wants to charge ANY markup on the Camaro, let alone $5000-$7500, don't give them your business. Shop around - someone will sell you the car at MSRP (or below).

Again, don't pay over MSRP!
Old Oct 20, 2008 | 03:40 PM
  #6  
Angelis83LT's Avatar
Registered User
 
Joined: Jun 2005
Posts: 626
From: MN
The reason that dealers will not honor the Discounts is because then they will obviously lose money. Not only that but it takes out wiggle room for negotiations since if they honor the discounts, the banks will lower the loan amount that is possible to get. (at least thats what i was reading a few weeks back). The dealerships that sell at MSRP will be around next year. the ones that do not will not be around. So in the end they will get whats coming to them
Old Oct 20, 2008 | 03:47 PM
  #7  
FAD1's Avatar
Registered User
 
Joined: Apr 2007
Posts: 238
From: Los Angeles, Ca
How does ordering a car from Costco work?
Old Oct 20, 2008 | 04:16 PM
  #8  
jg95z28's Avatar
Registered User
 
Joined: Sep 2002
Posts: 9,705
From: Oakland, California
Originally Posted by FAD1
How does ordering a car from Costco work?
http://www.costcoauto.com/enterzipco...2fdefault.aspx
Old Oct 20, 2008 | 04:18 PM
  #9  
95birdible's Avatar
Registered User
 
Joined: Feb 2006
Posts: 123
They have an auto buying program that works with dealers in your area. They already have the price negotiated. Sometimes it is better, sometimes worse.
When I bought my Yaris in January I was quoted 13,800 from the Costco Dealer network. It was about 1200 below MSRP. I did some more shopping around and got in for 13,200. While it is a good deal and you do not have to haggle at all, if you shop a little more you may be able to save a few hundred extra. Note I say MAY save.
You have to call their number for dealers in your area. They have brouchers in each Warehouse.
Old Oct 20, 2008 | 07:52 PM
  #10  
JasonD's Avatar
Admin Emeritus
 
Joined: Dec 1997
Posts: 11,157
From: Nashville, TN area
Bottom line is this...

Any dealer that says that you need to pay more than MSRP, walk right out.

Any dealer that tells you anything that doesn't sound right, like "we can only order V6 Camaros" or "They will only be making 1,000 Camaros", walk right out.
Old Oct 20, 2008 | 08:28 PM
  #11  
OutsiderIROC-Z's Avatar
Registered User
 
Joined: Aug 2003
Posts: 2,688
From: Middle of Kansas
Originally Posted by JasonD
Bottom line is this...

Any dealer that says that you need to pay more than MSRP, walk right out.

Any dealer that tells you anything that doesn't sound right, like "we can only order V6 Camaros" or "They will only be making 1,000 Camaros", walk right out.
^^
Old Oct 20, 2008 | 08:28 PM
  #12  
DAKMOR's Avatar
Registered User
 
Joined: Dec 2006
Posts: 1,406
From: Philaduhphia
^Im about to test this with my brother at Gar Barbera's Chevy dealership.

Fun Fact: Guy who works there, has a brother that was my boss when I worked at a boy scout camp.
Old Oct 21, 2008 | 10:50 AM
  #13  
guionM's Avatar
Registered User
 
Joined: Mar 2001
Posts: 13,713
From: The Golden State
Originally Posted by ZachXSmith
So my dealer told me today that the new Camaro's will be most likely sold with a 5000-7500 mark up on top of msrp. Similar to the challenger.
Also they told me that my GM Discount could not be used?? Why is Gm allowing this and this is bull**** i'm getting screw'd out of a new camaro.
They are telling everyone this at the dealership who orders or order'd camaro's.

TELL ME THIS ISNT TRUE!!!
Fully expect the 1st Camaros in the showroom to have substantial markups (this doesn't include customer cars that were already ordered).

The reason?... Showroom traffic. The dealer is going to want to have at least 1 in the showroom, and they will attach a horrendous markup. If someone is crazy enough to pay it, they'll sell it to them. Once supplies start flowing freely, then we'll see markups come down.

Originally Posted by Angelis83LT
The reason that dealers will not honor the Discounts is because then they will obviously lose money. Not only that but it takes out wiggle room for negotiations since if they honor the discounts, the banks will lower the loan amount that is possible to get. (at least thats what i was reading a few weeks back). The dealerships that sell at MSRP will be around next year. the ones that do not will not be around. So in the end they will get whats coming to them
Anyone expecting huge discounts on the Camaro the day it hits the showrooms or any time immediately afterwards needs to be realistic.

The main purpose of discounts is to move cars that are not selling as they should be. Angelis is correct in that selling at discounts takes money away from someone, either the dealer or the company that's making the car. Assuming the Camaro is going to be a hot selling commodity, there will be no need for discounts & incentives.

As far as predicting what dealers will be around and which ones won't, I wouldn't bet on any dealer not selling at MSRP failing anytime soon. Again, demand dictates price, and not all locations have the same hot models... even seasons dictate what's selling and what isn't.

Ford & Chevrolet dealers tend to be better than most on not exceeding MSRP because they both rely on volume. You are unlikely to see dealers of either acting like what seems to be the norm with Pontiac dealers who seem to lose their bloody minds whenever they get a new hot model.

Jason's reccomendation is spot on. If you don't get the price you want, walk out. But also don't as a rule expect to be able to drive off the showroom in one of the few new Camaros on the dealer's lot below MSRP or even some markups.

Best bet is to wait till the hype dies down and models are freely available.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
n2oblkz
Parts For Sale
3
Oct 22, 2015 02:31 PM
frankrizz
LT1 Based Engine Tech
1
Sep 23, 2015 04:33 PM
frankrizz
2010 - 2015 Camaro Technical Discussion
1
Sep 23, 2015 04:21 PM
Ericksd
Drivetrain
2
Sep 16, 2015 07:08 PM




All times are GMT -5. The time now is 01:19 PM.