The Top 50 Corvette Dealers of 2018
#1
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The Top 50 Corvette Dealers of 2018
THE TOP 50 CORVETTE DEALERS OF 2018: Want to see who is selling the most Corvettes in your area? Here is our annual ranking of the Top 50 Corvette dealers based on sales!
http://www.corvetteblogger.com/2019/...alers-of-2018/
http://www.corvetteblogger.com/2019/...alers-of-2018/
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01-09-2019, 05:28 PM
Platinum Supporting Dealership
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
#2
Le Mans Master
Interesting....if you add all the Hendrick dealers together (608) they would be 3rd on the list.
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Rebel Yell (01-09-2019)
#3
Team Owner
Great to see my guys at Van Bortel in Macedon NY nail the number 18th on the list. They are number 1 in my book and for those who have dealt with them.
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Matt@VanBortelChevy (01-10-2019)
#4
Le Mans Master
Thanks for posting.I was always curious on a rough number.Surprised the amount with KERBECK and the difference from McMulkin.
Hmm 882 units sold @ Kerbeck.Average price...say 70k average X 882=$61,740,00
Serious Cabbage exchanging Hands
Hmm 882 units sold @ Kerbeck.Average price...say 70k average X 882=$61,740,00
Serious Cabbage exchanging Hands
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St. Jude Donor '19-'20
Now, figure what their profit was on average and multiply that by 882....still a lot of money but theres a lot of effort being put into selling 882 Vettes!
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St. Jude Donor '15-'16,'18
Numbers are down compared to 2017. I wonder how many of the 332 sold at Criswell were sold by Mike Furman. I'm guessing at least 250. I'm betting he is still #1 salesperson. Go Mike!
Last edited by rmorin1249; 01-09-2019 at 05:10 PM.
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#8
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Dave
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Dave Salvatore
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Ciocca Corvette - Atlantic City, NJ
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Dave Salvatore
General Sales Manager
Ciocca Corvette - Atlantic City, NJ
America's Corvette Dealership
email - dsalvatore@cioccadealerships.com
Showroom - 609-344-2100. Ext 1022
Text - 856-535-0407
Follow Ciocca Corvette on Instagram!
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#9
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It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
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#10
Le Mans Master
I talked to #2 about allocations.For years selling cars for less just to get allocations.
Finally the C7 paid for some of the loses.
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Dave@Ciocca (01-09-2019)
#11
Actually no one would every believe us, but the top 5 dealers are not making money on these cars, they are selling them below cost. Remember, there's 9% total markup in the car (including holdback) and the top dealers are giving discounts between 12% and 17% depending on the car. Even if you get a little money back in advertising or floor plan assistance, that barely reaches another 2%. The name of the game now is sell as many as you can so you earn more of the new C8 which will have good profits in them.
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
Last edited by pbateman; 01-09-2019 at 09:56 PM.
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Congrats to the top sellers! What impresses me most is that the majority of Criswell's sales are due to the efforts of one salesman, Mr. Mike Furman!
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St. Jude Donor '19-'20
Actually no one would every believe us, but the top 5 dealers are not making money on these cars, they are selling them below cost. Remember, there's 9% total markup in the car (including holdback) and the top dealers are giving discounts between 12% and 17% depending on the car. Even if you get a little money back in advertising or floor plan assistance, that barely reaches another 2%. The name of the game now is sell as many as you can so you earn more of the new C8 which will have good profits in them.
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
Was happy to do my part in making that 882 number....a great deal with Ron on a beautiful car....he’s an asset to the Kerbeck Corvette team.
#14
Platinum Supporting Dealership
And it's not just two years. We don't go from list price to cost or below overnight. It moves gradually over the life of the generation.
Dave
Last edited by Dave@Ciocca; 01-10-2019 at 06:47 AM.
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Congrats to all of the dealers that made the list, lots of work there I'm sure
#17
Pro
It just makes it difficult to believe a dealer will sell at 17% off msrp when their cost is 9% off msrp in the hopes of future allocation of an unknown product with an unknown margin. Of course, Atlantic City is a gambling town.
Oh, and congrats Dave on your success.
Last edited by onyx_z71; 01-10-2019 at 09:43 AM.
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Actually no one would every believe us, but the top 5 dealers are not making money on these cars, they are selling them below cost. Remember, there's 9% total markup in the car (including holdback) and the top dealers are giving discounts between 12% and 17% depending on the car. Even if you get a little money back in advertising or floor plan assistance, that barely reaches another 2%. The name of the game now is sell as many as you can so you earn more of the new C8 which will have good profits in them.
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
It's no surprise that the top 5 dealers are all family owned business and not big, corporate shops. Big shops wouldn't take a hit now on a chance of future profits, but families that have been at this a while will make it work!
Dave
If you lose money on every vette you sell, you would be better off selling none.
#19
Platinum Supporting Dealership
Sometimes a dealer near me (Metro Detroit area) will offer GM employee price to all. While the actual dealer cost may be slightly more than GM employee price, the dealer will use a "Supplier" certificate to more than make up for it. It is my understanding that many dealers have pre arranged contacts to give supplier voucher access for their customers. Since I use GM Card money and it does not combine with "supplier" or GM employee incentives, I have tried to better understand the process. "Instant value certificates" or "flex cash" given to dealers must also play a role in heavy discounting as my local dealer used $4k worth (8 of them at $500 each) on my GS.
It just makes it difficult to believe a dealer will sell at 17% off msrp when their cost is 9% off msrp in the hopes of future allocation of an unknown product with an unknown margin. Of course, Atlantic City is a gambling town.
Oh, and congrats Dave on your success.
It just makes it difficult to believe a dealer will sell at 17% off msrp when their cost is 9% off msrp in the hopes of future allocation of an unknown product with an unknown margin. Of course, Atlantic City is a gambling town.
Oh, and congrats Dave on your success.
Like I said, people wouldn't believe it but I've got no reason to lie about it especially when it's so easy to verify my info.
How many times have people said they've taken our discounts (or another top dealer) to their local dealer and they're local dealer says, "That's impossible. They can't sell the car for that price, it's below cost. When you get there that won't be the price or you won't qualify." We here it all of the time, but you've never seen someone say, "My local dealer was right, I couldn't get the price that was advertised."
It's just a matter of numbers over the life time of the generation. When you average it all out, you're on the plus even with a year or two of losses.
Dave
Then we wouldn't earn any 2020s!