Walter Raulerson

There is a silver and black 2021 Z51 sitting on a lot near me been there 3 weeks going on 4. The sticker says $88.570 listed, now for $109,000 it was $119,000, Isn't there a GM bulletin about penalties for dealers keeping cars with markups staying on lots too long? This is a small town not many Corvettes around town. I hope it'll stay a long time.

Ringmaster

I think the market has run out of buyers who are willing to pay way over sticker just to get a car. Dealer near me received 3 allocations 2 weeks ago and called the dozen people on his list trying to find 3 chumps who would pay $5k over sticker. Every once of them said no thanks.

rjmayo

I find this hard to believe. There are plenty of people, myself included who would pay a 5k markup. The lists are still way too long for there not to be markups. It's just is what it is. Luckily my car at msrp will be here in a couple months.

srobert910

i bet if you posted the dealer contact here, there would be at least 3 people willing to pay $5k over to get their car in a couple months.

QuickSilver20

Agronomy what I understand dealerships cannot order stock cars to markup on their lots but GM is not doing anything if a customer declines the car once it comes in (either change their minds or dealership adds crazy markup that they don’t want to pay) at that point the dealership can put it on their lot for whatever they want

Red Mist Rulz

There's no bulletin, but there is a penalty of sorts. GM's switch to Available Days Supply (ADS) allocation scheme gives dealers who turn over cars rapidly more allocations than those who have cars sitting on the lot for long periods of time. But for a small dealer that will only get a few allocations anyway, selling 3 cars (as an example) cars at $20K over is going to make them more money than selling 6 cars at MSRP. There really isn't anything GM can do to control what a dealer asks for a car.

Zymurgy

Not true. They can most certainly order for dealer stock if they want to, but it may hurt their ADS, and therefore, their future allocations.

Vetteman Jack

I like the C8, but not enough to pay the $21K markup in the OP.

Zixxer

There's a dealership near me that has three that I know have been sitting for a month. They were 30k over, a couple of weeks ago 25k and when I checked with them one last time before heading out of town they said they would go 20k... I suspect the market is correcting a bit and should correct even more when GM starts to shift their vehicles to other dealerships.

maxp

Same here. A Colorado Springs dealer has 4 C8's on the lot marked $30000 over MSRP

MPSmith1

I 100% agree.

Zixxer

I'd take the under at 1 hour they would be sold :-)

imaposer

No doubt about it, they would be scooped up at $5k ADM to place an order today. I think any softening in the ADM market right now is just due to the fact that cars ordered today are going to be either a winter delivery, or just before. Lots of the country will have people like me who see no point in that, and am willing to wait another 3-4 months for an order to go in and get a spring delivery. I can tell you now, if none of my deposits have me ordering a car by March, I'll be saying screw it, and would be more than willing to go $5k ADM to place an order at that point.

SSWIM

I agree. There are many willing to pay ADM, maybe not $25-$30K. But $5K. Yep, they would be gone quick.

Sam

thrilled

The problem is still there. There are people that will spend extra money than waiting for a year or having to wait to get a 2023. As far as a car in a car lot. I have seen the same car on car lots for months. If there’s another hiccup like in 2020 and 2021 it will stay the same.

Walter Raulerson

Update still there 4 weeks now NOW 105,000 from 119,000

plake

One of the specialty corvette only stores has a 2022 listed at $106K, it’s a 1LT HTC with a MSRP of $72K, nuts.

GoldRose85

And that "Specialty" store has sole over 220 C8's with both the sellers and the store making good profits !

plake

You are absolutely correct, sold over 200 C8’s. I’m just not willing to go that far over but others must.

Walter Raulerson

UPDaTE C8 SITTING FOR 5 weeks