A little info on new Camaro prices

[acohoon]

Well I was at work this morning and got a nice phone call from the old man. We own a wholesale car business and supply a lot of dealerships with their used car inventory. One of the perks of the job is getting to see the newest cars on the market at auction and test them out before anyone else does.

He saw a silver SS with the black stripes and a manual tranny for the first time at auction today (this is in Indianapolis for those of you who are curious). The window sticker said 37,000 and it sold for 45,500. He talked to the guy who bought it and was told the dealership would probably be asking 55-60 thousand for the car, but if they kept it long enough would maybe let it go for 50k.

Keep in mind this is not a car ordered by an individual so I have no clue what people might have got their early prices locked in at. Personally I just consider this another dumb move on the part of GM and their dealers. Instead of turning a 10 grand profit they should be selling these things to the "everyman" at a much greater volume for less profit. The more they sell the more they would then make. But oh well what do I know I've only been doing this buy and sell thing for 22 years.

[96z28ss]

How did that brand new SS get on a used wholesale auction lot with a window sticker still on it? I hope the dealer that bought it loses money on the deal.
There are dealers out there selling camaros at MSRP.
Dealers like this need to lose there franchise.

[fesler]

Well GM does not let them make them very much money on these so they are refunding people that pre ordered so they can mark them up. The going rate is up $5000 over sticker right now but I am sure it will hit higher. The dealers will burn thier own bridges if they keep this stuff up. I have already seen two cars at over $50K with a $34K sticker

[Van B]

I have a question. Was this at a GM sponsored auction being sold by GM? If not, my guess is that it was purchased new by a dealer or wholesaler with the intention of turning a quick profit. I would bet it was not a Chevrolet dealer who consigned the car to auction. GM has a dim view of those kind of activities and would most likely somehow penalize a dealer who did that.
When the Challengers first came out I knew at least two used car dealers who got their hands on one and each made $10,000 at wholesale auction.

[acohoon]

This was an auction containing both new and used car dealers. The car was being sold by a dealership (unloaded from inventory) probably because they knew no one in their area could handle buying it at the time. It was sold to another new car store. Dad was at an auction yesterday (also in Indianapolis) where they have very large factory sales. He walked through the GM inventory on the lot (around 800 plus cars) and they had no Camaros.

[Van B]

This was an auction containing both new and used car dealers. The car was being sold by a dealership (unloaded from inventory) probably because they knew no one in their area could handle buying it at the time. It was sold to another new car store. Dad was at an auction yesterday (also in Indianapolis) where they have very large factory sales. He walked through the GM inventory on the lot (around 800 plus cars) and they had no Camaros.


Do you ever come to Milwaukee? I have worked at the Manheim sale there for 19 years. Maybe I know you or your Dad.

[z4me69]

this is why gm is in so much trouble. i am in the market to replace my dd and want the ss but i will not give 1 cent over the sticker period and the dealers that are gouging the people hopefully will be on gm's closed dealer list

[tones2SS]

A 37k Camaro selling for 55-60k?!?!?!:_paranoid :willy:
Something doesn't sound right? I cannot imagine anyone spending that much money on a '10 Camaro SS, unless it was a custom built car. (But, I guess people will buy them, so the dealerships will mark'em up!!)
THAT IS WEIRD!!!:_paranoid

[Speedster]

GM has no control over the dealer. There are heavy franchise laws. If you are going to get mad, get mad at the individual who owns the dealership...

[acohoon]

Van B the farthest north we have gone in the past 15 years is Indianapolis. We are located in western Kentucky.

Just so you guys know we also haul a lot of cars for the two largest dealers in west Tennessee. When the challenger came out they were selling them for 60k all day every day. They have decreased in price now but are still to high for me to buy from a new car store.

Also on another note everyone I know around home would love to buy a ford Thunderbird but they are still and have always have been overpriced (why I believe ford really did away with them).

[Vegas69]

Give it 6 months and I bet you can wheel and deal with the dealers. No way I'm paying over sticker price for a new car.

[jy211]

When the challenger came out they were selling them for 60k all day every day. They have decreased in price now but are still to high for me to buy from a new car store.


Yup. the dealers around here were crazy...I just got my buddy one through a broker friend of mine out of MI, paid $32K if memory serves me right.

[slenning]

No way you need to pay over MSRP! Find a different dealer. I ordered mine the first day you could and paid MSRP. Mine is supposedly being built this week. Can't wait:D

[BonzoHansen]

Just remember the dealers that price gouge and never go back.

[tones2SS]

No way you need to pay over MSRP! Find a different dealer. I ordered mine the first day you could and paid MSRP. Mine is supposedly being built this week. Can't wait:D

That is awesome.:thumbsup:
What kind? 1SS, 2SS, 2SS/RS? How about color? Please post pics when you get her!!:cheers:

[slenning]

That is awesome.:thumbsup:
What kind? 1SS, 2SS, 2SS/RS? How about color? Please post pics when you get her!!:cheers:

2SS/RS 6spd manual black/black I'll definately post pics when I get it.

[Josh69]

Check out the 5th gen camaro forums, they claim to have a variety of dealers folks there are associated with that will sell at MSRP.

I saw R/T and V6 Challengers around here selling at a dealer discount 3 months after they came out....but you know what they say about a fool and his money. Granted the SRT's were crazy for the first year when they were the only ones around....but my my, how times have changed.

GM will deal out their own punishment, they are closing 42% of dealerships....wouldn't surprise me if alot of them were these types of crooks.

[TonyG]

The same thing happened when the GT500's came out and dealers were getting anywhere from 5K to 25K over sticker for the car.

If people would just hold off instead of jumping out there to be the first to have it, then these dealerships couldn't rape people..

Then again, it isn't rape if you ask for it.

[markss28]

A dealership where I am from is getting 3 in this month and they are promising stiker pricing. NO HIGHER and deffently no lower. They already have the 3 sold and are getting another set the following month. They want to be a dealer that sells volume.

[turbosix]

this was the same deal on corvetteforums when the c6 and the c6 z06s came out... there were multiple dealers on the forums promising MSRP even with the cars in such high demand....

why other dealerships dont follow this principle is beyond me.

waiting 6 months for $25k profit on 1 car < making 25k profit on xx cars sold at msrp

[Fluid Power]

Give it 6 months and I bet you can wheel and deal with the dealers. No way I'm paying over sticker price for a new car.


I would never pay sticker for ANY car. Let alone over sticker.

Darren