Quote:
Originally Posted by Nor Cal ZL1
I think GM may have slightly damaged their own ZL1 sales and orders. Should be some good deals soon on the orders that are not picked up, or those who are going to wait for the 1LE version. Smart to wait it out for a bit and not jump on the hype train.
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I don't see the problem. Every single ZL1 1LE sale is still a ZL1 sale.
If you cancel your order, your car doesn't get built. The allocation slot goes to someone else or is used to stock the dealership.
Sure, there might be a handful that cancel after the build process begins but that is going to be a
very tiny number. And all that happens is GM sells the car to the dealership anyway, then its up to the dealer to find a customer -which shouldn't be too hard. There aren't
that many ways to build a ZL1 so its pretty difficult to build an oddball of a car that few will want.
Quote:
Originally Posted by travislambert
I hear what you're saying, but the massive depreciation of the Camaro isn't normal. GM has a lot of control over the depreciation and their actions aren't doing any favors to owners.
GM does a much better job with their trucks. Just to give you an example. In 2014 I ordered a new GMC Sierra 1500 4WD SLT with a 6.2 and the max trailering package (top of the line Sierra 1500 aside from the Denali package which was only like $1,500 more, but the max trailering I wanted isn't offered with the Denali package).
I paid right at $50K for this truck. 3 years and 27,000 miles later it books for almost $38K. My Camaro depreciated more in 8 months with 3K miles than this truck has to date.
I get that a sports car depreciates more than a truck, but in the Camaro's case incremental model year improvements (instead of consolidating changes into major updates), massive incentives, refusal to offer infotainment software updates, etc.. completely kills any resell value.
I don't mind paying a premium to keep new vehicles, but I feel like GM is severely devaluing these cars with unnecessary actions.
(I still like their products. Their market tactics are just poor IMO.)
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Typically, options don't really add much to the resale value of a car. Especially if its an option that doesn't have much broad appeal. And I've never heard of options devaluing the resale of previously existing cars. Actual upgrades and improvements to the 'regular' model will, like if the 2018 ZL1 came with 710 hp instead of 650. But a new tickbox on the order form? Not really. I mean, I'm sure it happens but I bet 99% of the time the used car buyers don't care.