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Prices Paid: Buying & Leasing Experiences Prices Paid & Leasing Experiences Archive Pontiac GTO Prices Paid and Buying Experience 
317 messages, Last post on Mar 22, 2008 at 7:54 AM
You are in the Prices Paid & Leasing Experiences Archive Forum. Your Hosts are car_man & kyfdx
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...if the "Employee Discount For Everyone" promotion is extended, as has widely been reported, you most likely won't see the GTO on it. If there are '05's (or even leftover 04's) stagnating on dealer lots, it's a dealership issue, not a lack-of-sales/lack-of-interest one... --Robert |
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Anyone have any idea how much the dealers are making on each GTO when they are sold with this "Everyone Gets the Employee Price" promotion? My guess is that it is different from when a GM Employee went in prior to June 1, and asked to buy one under the real Employee Price program. Since the Employee Pricing shown is less than Invoice, GM must be paying the dealer some kind of incentive, over and above the hold-back, I would guess. (Reason I'm asking is because I "can't" buy one now. But, if I know how much the dealers are making on each GTO sold under this promotion, perhaps they'd accept that same profit when I'm ready to buy an '06 next year.... Hey, anything to help in the bargaining process, right?) |
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Replying to: rcc442 (Jul 01, 2005 12:06 pm)
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Replying to: elias (Jul 03, 2005 7:31 am) My question was more pointed to the Employee Pricing promotion. Seems to me that on a large-scale program like this, GM would be simply paying the dealers a flat amount per car model in addition to the margin. For example, just throwing out hypothetical numbers, let's say that a particular dealer normally pays 7% below invoice for a given car model. So for each car sold, he makes whatever the difference is of the selling price and that 7% below invoice figure. (Then at the end of the year, he also gets his "hold-back" check.) But for this promotion, since GM is setting the sale price, wouldn't it make sense that GM is then paying a flat $800 (or whatever) to the dealer, to help make up the difference between the Employee Price and what the dealer might normally sell the car for? (Thus, the dealer's profit would be the difference between what his own contract price is for the car and the Employee Price, plus whatever this "flat" amount GM is paying as part of the promotion (plus his hold-back).) Now, since we can look up the invoice price and compare it with the so-called Employee Price, if we just knew, ballpark, how much GM is paying the dealers for each GTO sold under the Employee Price promotion, we would know what a "fair" price to offer a dealer is... in other words, what price is worth doing business at.... without really knowing his true "profit", because we don't know what his contract says he pays for the car, and we don't know what GM-to-dealer incentives are available at any given point. (Put another way, we would know what he "gets" for the car (the Employee Price from the customer, plus this mystery payment from GM), but we would not know his true "cost" for the car or his profit, which is fine... I was just trying to figure out what a fair selling price is.)
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Replying to: rcc442 (Jul 04, 2005 9:54 am) But, that is gross profit... he has to pay expenses out of that.. And, if everyone is getting the same deal, it isn't like he can make up for a skinny deal on the next guy... I doubt you'll find anyone selling under the employee price.. regards, kyfdx |
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Replying to: rcc442 (Jul 04, 2005 9:54 am) 
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In a message posted on the GTO discussion board the question was whether to buy a used or new 2005 GTO. Having purchased my GTO in June and since March, having done much exploration and price checking in the process I do not believe there are many, if any, used 2005 GTO's available for purchase. There are still some 2004 GTO's selling at large discounts. I saw one Red automatic and one Black stick in ten miles of my home. Using the used car guide on the internet I was unable to come across any used 2004 or 2005 GTO's within 500 miles of my home.
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Replying to: lovegto (Jul 26, 2005 8:31 am) Cars.com shows 12 used '05 GTOs within 250 miles of Cincinnati...
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of cars.com shows 27 used 2005's presently for sale across the U.S., pretty much all at dealers (only one individual seller). Pricing ranges from $27,300 to $32,995(!) - with mileage ranging from 25 (still new?) to over 8000. Interestingly enough, the cheapest car has only 100 miles on it, while the most expensive has 1600... I would not pay over 29k for any used '05...
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Replying to: kyfdx (Jul 26, 2005 8:39 am) Since I was never was in the market for a used car and live 450 miles from the Dealership, my question is strictly academic. My posting is from Western Pennsylvania so the 500 mile radius includes from east of New York to West of Chcago, a lot of dealerships.
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