Quote:
Originally Posted by jimmyp
That Sucks, but some dealers are marking cars up by thousands. I was looking to buy and as soon as I asked about using my suppliers discount, all communication stopped, It's sticker price or nothing. I guess the customers are supposed to pay for GM's failure to have a steady supply of parts.
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You are aware that we are coming out of Pandemic right? That is not just a GM problem but an EVERY Automaker (or company that makes something with a computer chip) problem.
In a nut shell, the pandemic hit and most Automakers cut or significantly reduced their semiconductor chip orders as they expected an extended downturn in sales. Fair assumption, we were on lock down and told not to go out or touch hard surfaces or be in small enclosed areas with others (ie a car).
In the meantime, demand for consumer electronics went through the roof with students and parents working from home on new electronics, cellphones and tablets which gobbled up most of the supply.
But Dealers figured out how to sell safely as demand for new cars went up.
Add to that, the travel industry being completely shut down, car rental companies stopped buying new cars. They supply a ridiculous amount of used car inventory to the industry and 12 months later we have a perfect storm: Low used car inventory pushing up on low new car inventory and limited semi conductor chip production.
I guess if GM had a crystal ball they could have done better.
While some complain about paying MSRP on a Camaro, guys are getting jacked $10k, $20k, and $30k over MSRP on new C8 Corvettes they ordered and waited 18 months for. It is happening ALOT with East coat and west coast dealers, and big city small dealers. The “high volume dealers” who normally carry 30 Corvettes in inventory at $15k below MSRP are selling at…wait for it…MSRP.
Written or verbal agreements with dealers always give them the right to adjust. It’s a crappy reality but it is what it is.