Stingray Corvette Forum banner

1 - 7 of 7 Posts

·
Registered
Joined
·
25 Posts
Discussion Starter · #1 ·
Ok....to those that are very familiar with the allocation system:

This past Saturday i placed my order at a dealer in Houston that is supposed to be one of the larger volume corvette dealers in Houston. They were allotted around 40-45 vettes for the first round of allocations. They told me that they were most likely now on their second round of allocations because they had about 74 people on the list so far.

I put down my $1000 refundable deposit, will be paying MSRP and they placed my order in GM workbench and i recieved order number, etc.

Now, they told me since i'm prob on the second round of allocations, i will recieve my car NO LATER than June, 2014, but "most likely eariler than that." However, since then i have read that the first round of allocations should extend from 6-9 months from initial production starting....SO....

1. Does this mean that my dealer has allocations for 40 cars and those 40 will come in spread out over 6-9 months? So my order wont even be accepted by GM until the inital 6-9 months is over? And if so, why did he tell me 9 months at latest...it seems he is saying i will get within the first 6-9 month period?

2. IF i dont get my car until mid-end 2nd quarter 2014, do you guys think people will still be paying MSRP at that point? Spring/summer 2014 and still paying MSRP?

Basically, i feel as though i might be paying what people paid to get into the intial allocations, only to actually recieve my car after the intial allocations when it is easier to get anyway. But i also feel as though there may be running lists for a LONG while, so maybe it was a good idea to go ahead and get my name on the list now.

What are you guy's thoughts on this? All help MUCH appreciated!!
 

·
Registered
Joined
·
186 Posts
Br0,
this doesnt sound right to me... Each dealer has an allocation.. mine had about 90 cars... What happens after those 90 are sold? I dont know does he get a second allocation? Maybe? But if they cant tell you they have a slot open for you I dont think your order will go into GM. Some of the other folks on this thread seem to really know the ins and outs of this.. Either they have an inside track or work at a dealer or something but hopefully you will get some more responses to help you out with this information.
D
 

·
Registered
Joined
·
4,607 Posts
Br0; I wish I could help, and this does sound odd, but maybe the GM chat line can help you. One thing you might want to check on is this; Does your deposit lock you into a "current" MSRP price or can it float? What I mean is that the MSRP price may go up in the time period between when your order was placed and the date your car is delivered. You want to find out about that. Also, does the fact that your deposit is refundable give your dealer "rights" that he might not have had if the deal had been non-refundable? One of the things I mean by "rights" is can he sell it out from under you to someone willing to pay more?

I found this;http://www.carbuzz.com/news/2013/9/30/Corvette-Stingray-Demand-Creates-Massive-Waitlist-7716452/
 

·
Registered
Joined
·
4,656 Posts
Br0; I wish I could help, and this does sound odd, but maybe the GM chat line can help you. One thing you might want to check on is this; Does your deposit lock you into a "current" MSRP price or can it float? What I mean is that the MSRP price may go up in the time period between when your order was placed and the date your car is delivered. You want to find out about that. Also, does the fact that your deposit is refundable give your dealer "rights" that he might not have had if the deal had been non-refundable? One of the things I mean by "rights" is can he sell it out from under you to someone willing to pay more?

I found this;Corvette Stingray Demand Creates Massive Waitlist
If they do raise the MSRP they usually price protect orders already in the system so it would behoove a customer to get a signed order with a locked in price. When I say price protected that means your car could show up with an MSRP different than another car on the same truck depending on when that order was accepted by GM.

That usually requires a deposit and depending on the state those can be either refundable or non-refundable. Check with your state laws on refundability. In many, even if it's non-refundable it must be refunded if the terms of the contract aren't honored and a price increase could be a violation of terms.
 

·
Registered
Joined
·
124 Posts
Deposit should be fully refundable. But in the last few years I haven't seen any price protection. I've seen a number of vehicles ordered that by the time they were produced the invoice and MSRP was raised by the manufacturer. It's up to the client/customer to decide if its still worth that to them. Also, a dealer could give their own guarantee to price protect. But that would need to be discussed up front.

If someone were ordering a vehicle from me (Camaro, Silverado, Impala, etc...) I'd be more than willing to offer price protection. In fact I would have just had to eat $1500 on a Silverado as the current deliveries of 14 Silverados just jumped $1500 on invoice. Fortunately GM is offering a $1500 rebate on these trucks to offset that.

On a Stingray, that would be a tough call. As an order placed now would depend if your dealer has any first allocation slots left (I only have one left). Chevrolet has not opened up second allocation and we don't have a forecast to when that will be.
 

·
Registered
Joined
·
8 Posts
Crawler is right...GM sets the price, and it is not established finally until the unit is ready to be built. This translates to no price protection. Second round allocations coming down the road and non of us have figures yet. We make our deposits refundable until the allocation is given by GM and ready to be locked in...then it is non-refundable since the Stingray is such a custom order for most and there are so few to meet demand. The market demands that we ask our customers to be committed to the orders they place, but if GM has not yet locked it in on there end, why keep a good customers $ and make an enemy of them if they have had a change of need or circumstance? Our goal with regard to down payments is to be fair.
 

·
Registered
Joined
·
141 Posts
This is what I was told by my salesguy about pricing. The price becomes fixed when the factory picks up the order. GM usually increases the MSRP after about 6months and offers discounts to offset. This is to set the increase for the following year. He also told me that they had already had an increase in allocations.
In a side note. He told me that the two Z51 coupes w/carbon fiber tops that he put up for this weeks allocation were picked up by production. One may be available as the customer may have backed out.
 
1 - 7 of 7 Posts
Top