Has the Dealer Mark up, the Flippers, the Wait…
10-15-2021, 07:49 AM
#41
Drifting
Member Since: May 2007
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Three years ago I knew nothing about buying a C8, and spend a few weeks educating myself on the C8 Forum, before the Z06 Forum even started...What became apparent were several accepted facts.
1. Only Kerbeck and MacMulkin and perhaps a couple others were reliable sources of cars at MSRP.
2. MacMulkin would get the largest allocation of Z06 cars of all.
3. Their reputation was incredible, and they among few had a list for the Z06.....
4. Anyone who visited a local dealer was asking to be F"ed with....for every "good" local dealer story there were 10 "bad" stories. Now some are fine, but most are not. There were so many threads about people getting hosed it was unreal.
5. Based on the STD C8 line.... The Z06 line would be worse...
So I made a deposit at MacMulkin and watched Kerbeck...and when they were bought, that was that.
So no, for the 900 of us at MacMulkin, we are generally not tired, jerked around or otherwise... Anyone considering a local dealer to chase after a Z06 could have done their own research, but many want to get ahead of the next guy, and so you see the crap threads that start with...I'm number three at my..... followed by the complaint that "oh no, they are hitting me with a markup! After they were all so nice to me!" And then the inevitable Legal Action straw poll....
1. Only Kerbeck and MacMulkin and perhaps a couple others were reliable sources of cars at MSRP.
2. MacMulkin would get the largest allocation of Z06 cars of all.
3. Their reputation was incredible, and they among few had a list for the Z06.....
4. Anyone who visited a local dealer was asking to be F"ed with....for every "good" local dealer story there were 10 "bad" stories. Now some are fine, but most are not. There were so many threads about people getting hosed it was unreal.
5. Based on the STD C8 line.... The Z06 line would be worse...
So I made a deposit at MacMulkin and watched Kerbeck...and when they were bought, that was that.
So no, for the 900 of us at MacMulkin, we are generally not tired, jerked around or otherwise... Anyone considering a local dealer to chase after a Z06 could have done their own research, but many want to get ahead of the next guy, and so you see the crap threads that start with...I'm number three at my..... followed by the complaint that "oh no, they are hitting me with a markup! After they were all so nice to me!" And then the inevitable Legal Action straw poll....
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international blue (10-15-2021)
10-15-2021, 04:36 PM
#42
Instructor
Not really.
Within a few weeks after the reveal I'll probably fade away from this forum and just forget about it. Some day I will get the call and I will place my order. This appears to be the Corvette I've been saying I wanted them to make since I was about 15 years old in the late 1990's. So I can wait a few years to get my car.
Within a few weeks after the reveal I'll probably fade away from this forum and just forget about it. Some day I will get the call and I will place my order. This appears to be the Corvette I've been saying I wanted them to make since I was about 15 years old in the late 1990's. So I can wait a few years to get my car.
I’ve been wanting this car since the mid 90’s too when I was about 15 and had this model. I was raised in a house that always had a corvette and I’ve had four myself, 2 being z06’s.
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10-17-2021, 10:02 AM
#43
Le Mans Master
It's like Corvette owners and enthusiasts finally got what we were asking for and are now crying over the inherent situation.
be careful for what you ask for.
10-17-2021, 10:47 AM
#44
Safety Car
Yes, indeed. It's a Vette however, and if we learned anything from history is that to wait a few months, and it sells under MSRP. I waited over a year for my C6-ZO6, bought from an out of state dealer at MSRP with the museum delivery box checked, Cali dealer markups are ridiculous, 6 months after ownership the same car was selling at less than MSRP everywhere (learned my lesson). I have a deposit on the new Emira V6/manual at MSRP (out of state dealer again- Cali mark ups are ridiculous on this car as well), I can drive it until the C8 Z06 hype disappears, and then re-consider.
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2cnd Chance (10-17-2021)
10-17-2021, 12:34 PM
#45
Race Director
^^^
This isn't the C6 or C7...Three model years in and Stingrays are still getting ADM's. You're dreaming if you think the C8 Z06 is going to be under MSRP in "a few months".
This isn't the C6 or C7...Three model years in and Stingrays are still getting ADM's. You're dreaming if you think the C8 Z06 is going to be under MSRP in "a few months".
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10-17-2021, 12:37 PM
#46
Everyone wants a corvette now because of the C8. When back then, no one cared for it. And people laughed at those who bought one.
10-17-2021, 09:27 PM
#47
Melting Slicks
Thread Starter
The fact used 2020 stingrays are still going for 100k used is just proof that the C8 is a totally different animal in terms of changing the whole dynamics of the name, "corvette".
Everyone wants a corvette now because of the C8. When back then, no one cared for it. And people laughed at those who bought one.
Everyone wants a corvette now because of the C8. When back then, no one cared for it. And people laughed at those who bought one.
- for now.
10-18-2021, 07:39 AM
#48
Le Mans Master
I dont even there will be huge markup in a year. There is too much money being lost for it to continue. East Asia will get back to making chips or other countries will.
10-18-2021, 07:44 AM
#49
10-18-2021, 08:05 AM
#50
Le Mans Master
I'm actually shocked there was never anything in place to ensure domestic production, even at very low levels, of essential stuff like chips, medical products, etc. I'm not one for government intervention, but if there is anything the government should be spending on, it's to ensure that if we went to war with China, we wouldn't be stuck trying to buy essential items from them. It's a lot easier to scale up production we already make than figure out how to make something to begin with, then scale up production.
10-18-2021, 08:32 AM
#51
Team Owner
Member Since: May 2001
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Yes!!!
if the flippers and speculative buyers on numerous lists were not, number would be a lot lower/built sooner
if the flippers and speculative buyers on numerous lists were not, number would be a lot lower/built sooner
10-18-2021, 01:49 PM
#52
Le Mans Master
I suspect the days when the big dealers like MacMulkin and Kerbeck had hundreds and hundreds of Corvette's available for purchase on dealer lots for 10-20%+ off MSRP are going to be over even when supply passes demand.
10-18-2021, 02:06 PM
#53
Le Mans Master
GM (and Ford) have already stated they will no longer let dealers order as many vehicles as they want and expect GM to offer incentives and rebates to help sell them. Going forward GM will control supply and demand for dealers and dealers are not allowed to have more than 30 days inventory on hand for a given model. This means far, far, fewer dealer incentives and rebates. Which means dealers will need to charge close to MSRP as they will have far less volume and far less incentives to pass on to customers from corporate.
I suspect the days when the big dealers like MacMulkin and Kerbeck had hundreds and hundreds of Corvette's available for purchase on dealer lots for 10-20%+ off MSRP are going to be over even when supply passes demand.
I suspect the days when the big dealers like MacMulkin and Kerbeck had hundreds and hundreds of Corvette's available for purchase on dealer lots for 10-20%+ off MSRP are going to be over even when supply passes demand.
Id take a wild guess that the cost of making one more car (ie: just materials/parts) is at most 20% of the selling price.
10-18-2021, 02:10 PM
#54
Burning Brakes
Thing is, it's not that easy to control. The fixed cost of making a car are crazy high. The cost of each additional car is a drop in the bucket. All the R&D is a sunk cost. Labor is the same - they will just control the number of shifts just like they always did. It's not like they can just run the line for 20 hours a week. Cost of assembly line, building, utilities, etc is all there. Only thing is the cost of the actual parts from suppliers. Marketing, healthcare, pensions, executive pay, etc is al the same.
Id take a wild guess that the cost of making one more car (ie: just materials/parts) is at most 20% of the selling price.
Id take a wild guess that the cost of making one more car (ie: just materials/parts) is at most 20% of the selling price.
Last edited by Cyclon36; 10-18-2021 at 02:11 PM.
10-18-2021, 02:11 PM
#55
Race Director
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2022 Corvette of the Year Finalist -- Modified
2021 C6 of the Year Winner - Modified
Finalist 2020 C7 of the Year -- Modified
2020 C6 of the Year Finalist - Modified
I waited until 2001 to get a C5 (pre-owned 98). I waited until 2006 to get a new C6. I waited until 2017 to get a new C7 Z06. I'm content to wait a model year or two for a C8 Z06 if need be. I'm in Mike Furman's wait file, on a list with my local dealer, and waiting for the email/call from Ciocca once the reveal is done. The longer I wait the easier it will be to pay cash for it. If the Z06 doesn't do it for me, I'll hang on and get a pre-owned McLaren 570S and wait for the next iteration (not the eRay) to see if that's the one. At my age the C8 will probably be my last new Corvette purchase.
Last edited by Tally Ho; 10-18-2021 at 02:12 PM.
10-18-2021, 02:17 PM
#56
Le Mans Master
I think that's all in- including R&D, overhead, labor, marketing, etc. No way just the cost of all the components from suppliers (CoGS) is 85%.
10-18-2021, 02:45 PM
#57
10-18-2021, 03:16 PM
#58
Le Mans Master
It's kinda a catch 22 where automotive companies have to rely on tried and true older chip designs due to all the testing and regulation and chip manufacturers are constantly trying to manufacture faster, smaller, chipsets that are used in far more products. If you invest all that capital in a new facility to produce old chipsets what happens if automotive manufacturers modernize? Your stuck.
Last edited by thill444; 10-18-2021 at 03:17 PM.
10-18-2021, 03:31 PM
#59
Burning Brakes
.
10-18-2021, 03:33 PM
#60
Burning Brakes
Well the bigger issue, IMHO, is that chip manufacturers would rather invest in producing modern chipsets. Many automotive chips are based on very old designs and chip manufacturers would be very leery of building a new plant to build very old chipsets.
It's kinda a catch 22 where automotive companies have to rely on tried and true older chip designs due to all the testing and regulation and chip manufacturers are constantly trying to manufacture faster, smaller, chipsets that are used in far more products. If you invest all that capital in a new facility to produce old chipsets what happens if automotive manufacturers modernize? Your stuck.
It's kinda a catch 22 where automotive companies have to rely on tried and true older chip designs due to all the testing and regulation and chip manufacturers are constantly trying to manufacture faster, smaller, chipsets that are used in far more products. If you invest all that capital in a new facility to produce old chipsets what happens if automotive manufacturers modernize? Your stuck.