[FarmerFran]

Very bad time to buy a vehicle.

[mRahmani]

Buyer impatience is a big part of the problem. Dealers are marking up cars because people are paying the markup.

I don’t need a Camaro, I want one, but I’m not paying over MSRP for it. If that means waiting another year oh well.

[m6-lt1]

Originally Posted by mRahmani

Buyer impatience is a big part of the problem. Dealers are marking up cars because people are paying the markup.

I don’t need a Camaro, I want one, but I’m not paying over MSRP for it. If that means waiting another year oh well.

This is exactly it. I have found a handful of dealers selling at msrp. Also I believe most of the profit that dealerships make come from their service department if I’m not mistaken.

[ember1205]

Originally Posted by SATINSTEEL1LE

Dealers are trying to survive right now. I get their reasons to add ADMs and weird aftermarket crap like "covid spray" to cars to fatten up their profits.

The dealerships that have long been predatory are the ones with the biggest issues. They never sold at volume and let the cars be loss-leaders to sell their add-on's. Now, with significantly reduced inventory, they can no longer reduce the cost of the car AND they still have to sell the add-on's because their spending expanded to suit the revenue they were previously generating.

Originally Posted by jamala00

Ya, they have to be hurting. I can't imagine you have 20 cars on the lot when the lot used to normally be full with 200+ new vehicles. Lots around here are empty. I sure am glad I'm not in the vehicle market right now. I can't blame the dealers for trying to make more money on the units they do have. It's no different then anyone on here selling their Camaro for the inflated used car prices.

Dealerships are business... They are "for profit" entities and 100% entitled to make a profit from what they do. The issue is they expect the public to change to suit them instead of them also making changes.

Originally Posted by TXCSSU

Now apply that indifference from the dealership's perspective, "I don't care if Joe Blow can't afford to pay the $10K markup that I put on this vehicle" and then we can understand the current market conditions.

I have never paid anywhere close to sticker, and never will. Period. It's a big part of why I refuse to replace my aging truck right now. I'll happily spend a few thousand dollars on it in repairs if needed instead of feeding the money-hungry dealerships (AND manufacturers - who thinks it's appropriate to give me a $50 credit for a missing engine management feature that will cost me thousands in increased fuel consumption AND reduce the resale value of my vehicle once this chip shortage stuff is over?) because they can't figure out another way to generate profits besides ripping off the public.

Originally Posted by mRahmani

Buyer impatience is a big part of the problem. Dealers are marking up cars because people are paying the markup.

That's the ultimate root of the issue - something is only worth as much as someone is willing to pay for it. And so long as someone, ANYONE, pays these ridiculously inflated prices, they will remain exactly where they are or go even higher.

[silstream]

I get some of the sympathy for dealerships and maybe some independents are suffering more but the big monopolies like AutoNation are posting record profits (https://www.bloomberg.com/news/artic...s-outstrip-new) so let's not feel too sorry when we see empty lots....

[ember1205]

Originally Posted by silstream

I get some of the sympathy for dealerships and maybe some independents are suffering more but the big monopolies like AutoNation are posting record profits (https://www.bloomberg.com/news/artic...s-outstrip-new) so let's not feel too sorry when we see empty lots....

Used cars generate more profits than new cars.. Always have. And, when you have a large conglomerate like AutoNation, Carvana, etc. buying up the lion's share of used inventory by paying premium prices, they control the pricing in the market. Add to that their zero-haggle policies and you end up with a perfect storm where they get to mandate that the price marked is the price you pay because they deliver it to you and it's the only way to get that vehicle in your area.

[TXCSSU]

Originally Posted by ember1205

I have never paid anywhere close to sticker, and never will. Period. It's a big part of why I refuse to replace my aging truck right now. I'll happily spend a few thousand dollars on it in repairs if needed instead of feeding the money-hungry dealerships (AND manufacturers - who thinks it's appropriate to give me a $50 credit for a missing engine management feature that will cost me thousands in increased fuel consumption AND reduce the resale value of my vehicle once this chip shortage stuff is over?) because they can't figure out another way to generate profits besides ripping off the public.

I was perfectly ok with paying sticker when I placed my order. Fortunately for me, my dealership really wanted my trade in (Chevy's last V8 RWD 4-door that only saw 1500 units built a year from 2014-2017 made for a compelling argument) so they even accepted my employee discount. The reason I would've been ok with paying MSRP is simple math for me. Considering that GM hasn't raised the price of the Camaro and yet we're seeing its cross-town rival do just that Ford Mustang Shelby GT500 Sees Significant Price Increase For 2022 I figured buying a Camaro at the same price that it sold for a few years ago with the same value that my dollar had a few years ago was motivation enough. If GM were to raise the price of the Camaro to adjust for inflation in just 2 years (from 2020 to 2022), I should've paid closer to $72K for my car. Instead, I got a 2022 for 2020 money. I figure it's only a matter of time before GM ticks up the price as Ford has already done so. Buying at MSRP from even just a few years go, with inflation what it is I can't see why anyone would feel as though it's not wise.

[m6-lt1]

Originally Posted by TXCSSU

Considering that GM hasn't raised the price of the Camaro and yet we're seeing its cross-town rival do just that Ford Mustang Shelby GT500 Sees Significant Price Increase For 2022 I figured buying a Camaro at the same price that it sold for a few years ago with the same value that my dollar had a few years ago was motivation enough. If GM were to raise the price of the Camaro to adjust for inflation in just 2 years (from 2020 to 2022), I should've paid closer to $72K for my car. Instead, I got a 2022 for 2020 money. I figure it's only a matter of time before GM ticks up the price as Ford has already done so.

They actually have on the lower models up to and including the 2SS. My 1ss started at $37,500 in 2016. Now it starts at an $1,100 increase. I believe the zl1 has held put though.

[TXCSSU]

Originally Posted by m6-lt1

They actually have on the lower models up to and including the 2SS. My 1ss started at $37,500 in 2016. Now it starts at an $1,100 increase. I believe the zl1 has held put though.

I'd say $1100 in 6 years isn't that bad. My SS Sedan cost me about $39K in 2016. I traded it in for just over $40K. Granted, $40K in 2016 is near $50K now. If your 2016 doesn't have Android Auto or Apple Carplay and maybe some of the other features of a 2022 (like backup camera, or blindspot monitoring), is the $1100 reasonable? I'd say yes.

[m6-lt1]

Originally Posted by TXCSSU

I'd say $1100 in 6 years isn't that bad. My SS Sedan cost me about $39K in 2016. I traded it in for just over $40K. Granted, $40K in 2016 is near $50K now. If your 2016 doesn't have Android Auto or Apple Carplay and maybe some of the other features of a 2022 (like backup camera, or blindspot monitoring), is the $1100 reasonable? I'd say yes.

Honestly I think the only thing added to the 6th gen camaro since it’s inception is wireless carplay/auto (not talking about any types of packages or anything like that). Not sure if the rear view mirror being the reverse Camera now counts as an “addition” since they came with reverse cameras back then too. Of course the infotainment interface has been updated, but not with new features, just looks wise. I do care about the wireless car play and because of that I’m looking to get a 21 zl1 when prices come back down to earth. But I wouldn’t pay 1100 bucks for that + a different reverse camera location. If the models that are even lower went up the same amount, I can see someone shopping in that price bracket move to something else. I am not sure how much they went up because I never played around/built those ones on the site. They probably only went up a couple hundred bucks which isn’t too bad since like you said ford upped their price and are no longer undercutting the camaro since they canceled their lowest model v6.

[FarmerFran]

You are all going to fallout of your chairs on this one...


My car exatly as it is 2021 as a 2022 is over 3000 more. Exact same car.

[red6.2]

sorry to say this, but these are the new car prices. I'm talking about the price gouging along with the car. If your lucky, you might get 1k off their markup, but the car manufacturing business is screwed for another 2 years. 6gen Camaro has just a year for production otherwise. Remember 2020, well we are now in 2022 and we have all witness this inflation. Ive talked to many people who have lived through decades with inflation and they told me this. Its the new, new! go to Burger King and an order a meal, see how much they are charging now. If you really want a camaro I suggest picking one up when you see and at least put in the effort looking for one.

[red6.2]

haha and remember this! automakers are in this "no delivery for dealerships price gouging". They are in the business of making Money!

[BlaqWhole]

The market is changing and things are different now. 2 years ago I would have said "HELL NO" to a markup. But now, if I could get a 2LT C8 Z51 with front lift and MRC the way I want it for a $5K markup, you can bet your bottom I'd buy it in a heartbeat. If I could get a brand new GT500 for $5K over MSRP, yea I'd take it.

Now if the markup on those cars I mentioned was $10K, I'd have to really think about it. But if the dealership threw in something of considerable value to sweeten the deal then I'd take it for sure.

I'm not blaming the dealership because they are only doing exactly what I would do. If I could sell my car for $10K over market value I would. So they are selling a product for what a person is willing to pay. And those who are not willing to pay extra can simply walk out of the building. That is just how it is.