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You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Corvette, Coupe, Convertible
#1 of 446 Chevrolet Corvette: Prices Paid & Buying Experiences
Mar 29, 2005 (11:23 am)
Talk about your Corvette shopping experiences here.
#2 of 446 '04 Corvette coupe
Mar 29, 2005 (1:45 pm)
Bought mine in July '03. One of the first '04's produced. My stealer let me use the supplier discount. Sticker price was $47,630. Supplier price was $41,965. Got the extended service plan ($50.00 deduct) for $950.00 (7 years/100,000 miles.) We got a $1000 rebate and $1000 loyality money. We always wanted a Corvette and I knew the body style was changing in '05, so we went for it. Best thing we have ever done. Love the Vette and has only been back for oil changes.
#3 of 446 On order
Mar 29, 2005 (6:07 pm)
My buying experience at the local dealer was great but so far my experience with GM's lopsided allocation system is bad.
I have a C6 on order from a smaller dealer and have been waiting for an allocation for 40 days. I currently have no idea if and when my car will be built.
It seems that GM has made a mess out of the allocation system for the C6. There are a handful of big dealers in the US that get the majority of the C6 allocations. So orders from the smaller dealers pound sand while the big guys get all the cars. One dealer in particular has 29! C6s in stock while 100s of orders are sitting in the queue. So GM's answer is extending the 05 production run through September so you can buy a 1 year old new car in Aug or Sep. You don't have to be a math major to see the depreciation hit coming in October when the 06s start landing.
So no surprise (this is America) the big dealers quietly fix prices because they get the majority of the cars. With GM's support the big guys easily stifle competition from the little guys.
As you can imagine a number of serious buyers have given up on the C6 order process and moved on to something else.
So it goes.
#4 of 446 The rest of the story
Mar 29, 2005 (7:57 pm)
I too tried to make a local order for a 2002 Vette in the fall of 2001. The local dealer said they had an allocation and took my $1000 deposit for a car with pricing at $1000 off MSRP. Most other locals were looking for over MSRP and 'might' go as low as MSRP if you spent lots of time groveling. After 2 months the salesman fessed up and said the marketing manager was using their allocations to put cars on the showroom floor that they expected to get MSRP or over. Took my deposit back and found the internet.
Those large corvette dealers were offering $1500 to $2500 off MSRP at the time and with two emails I had an offer to place an order for a specific factory build date at $2000 under MSRP and no dealer adders. Exactly what I wanted as to color and options, not what the dealer had on the floor. Don't believe everything you hear from local dealers about the allocation system. If the dealer sells a Vette they get another allocation and the way they sell Vettes is to offer the best deal.
The 2004 Coupe we ordered from the same internet based local dealer in Montana, I'm in the SF bay area, was for the wife. Exactly what she wanted and we got a $51.4k MSRP for $39.2k out the door, $11.2k off with GM and dealer discounts and produced on exactly the day advertised. If the dealer really had an allocation and they were giving it to you, you would be getting your car. They either don't have an allocation and are blowing smoke or aren't giving it to you and are blowing smoke. Your dissatisfaction may just be misplaced.
BTW, the reason that the Montana dealer was willing to just about give away a late 2004 production model was that he knew that it would result in a 2005 allocation on which he would make plenty selling at MSRP or just under, I think he sold most of the first six months at $500 under MSRP. Some people do think ahead, dealers that get small allocations, don't seem to think ahead, they just complain about the system.
#5 of 446 Re:The rest of the story
Mar 29, 2005 (11:26 pm)
I think my dealer has an allocation it is just a question being able to use it. My dealer sold seven C5s last year and should have seven allocations this year. When I placed my order I was told they had one allocation left based upon last years sales. Pretty simple math and planning at this point.
So now 40 days later I don't have a confirmed order and one of the big guys has 29 in stock, with more arriving every week. So I have a hard time blaming the dealer for a lack of planning.
GM and I parted company 22 years ago. The C6 is the first GM vehicle that I have wanted to buy since then. I even sold my Lexus in advance to make room for the C6.
BTW I think the folks in Montana are sold out this year unless they pickup some 05 build out slots in July. They could sell a lot more if GM would give them the cars.
So it goes.
#6 of 446 Re:The rest of the story [jmess]
Mar 30, 2005 (11:22 am)
I still think you are gettin the run around. When K.. at Fichtner said he had an allocation that meant he had a printout with a production week assigned. An allocation is not a waiting game. Either they have an allocation or they don't, and if you aren't getting the car, then they don't. It doesn't get any simpler than that.
Edited after reading the red info ...
#8 of 446 Re:The rest of the story [starrow68]
Mar 30, 2005 (9:38 pm)
I have asked the question on several Corvette forums about when a dealer gets assigned an allocation. I have yet to get a complete and satisfactory answer from anyone. Mr K is on the same forums. Unless nobody wants to share the secret it appears to be a far less scientific process than a simple production schedule.
You have to wonder why GM would let their dealers log orders if they don't have any chance of getting a car. They could easily bounce any order that doesn't plug into the schedule. Instead they assign it an order number and a status code of 1100. Sort of an unethical thing to do if they know the car will never be built?
GM also refuses to answer any questions from customers about orders. They refer you back to the dealer. So a customer has no way to determine if the dealer is being disingenuous.
So I stand by my original statement. The C6 order process is a mess and GM is losing customers as a result.
#9 of 446 Re:The rest of the story [jmess]
Mar 31, 2005 (7:16 am)
I live in Chicagoland and have seen small dealers with few C6's available and pushing the ONE on their lot, but the high volume corvette dealers have lots of inventory; and from what I've seen the big guys offer a better price. Why not skip the small dealer, locate the car you want with one of the big dealers (through GM buypower?), have it delivered to your home, and be "running it through the gears tomorrow"?
#10 of 446 Re:The rest of the story [c5_4fun]
Mar 31, 2005 (10:39 am)
Reasonable advice. I have done some buying power searches and haven't found a car that meets my specs. When I do find something close it is loaded to the gills with options like Nav that I don't want. So an order is about the only way it is going to work.
The dealers in my direct area are all small time as far a vettes go and have from 0-2 cars on the lot. They have some local price fixing going on where they have all agreed to hold to MSRP.
So of course I got a good price for my current order and none of the big guys want to play. So at this point I am starting to talk to some brokers.
I think I will probably hang around for another 30 days then pull the plug or roll to an 06. I have already started looking for a replacement. My original thoughts were to get something like a Subaru STI before I started looking at the C6.