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Discussion Starter · #1 ·
Because GM could! When you are in the business of making money, and when customer demands exceed projections and supply, a business can increase the price of their product. Sure, customers do not like this; we never will!

As of now there have been approximately 20,00 StingRays produced, on their way to producing about 34,000 this model year. GM's original projection was that they were going to produce 25,000, 2014 Corvettes.

More than halfway through the production year, Z-51's are still 50% constrained, and, sadly, many who placed a deposit with their local dealer even six months ago, are still waiting for their StingRay to be produced.


Demand has exceeded supply. I read elsewhere that there are 1,500 StingRays sitting on dealers' lots for months. This is true if we include the southern CA, FL and other "nose in the air" dealerships who are sticking to their $5,000, even $10,000 over list, "market adjustment" nonsense. However, if we look at the overall StingRay supply versus demand picture, it was best summed up three days ago by GM Communications spokesperson, Monte Doran.

CNN.Money said:
"The consumer demand for Stingray has far exceeded our expectations, particularly for the Z51 package," GM spokesman Monte Doran said. "Days-to-turn, an industry term for the average amount of time a car sits on a dealer lot before going to a customer, is seven days for the Corvette, Doran said. The industry average is about 60 days."
Our great StingRay is kicking it not only in performance, looks, refinement, technological advances, winning an unprecedented number of awards (things we all like), and also its sales are kicking b---, with the last thing being a two-edged sword for those of us who not yet have ours.

One week after the price increase, discounting like employee and supplier pricing are here, and the major dealers, such as this forum's dealership supporting vendor, MacMulkin, are already discounting the newly-increased pricing, even on units to be ordered, and even if you want to order a Z-51. There could well be further pricing discounting from dealerships over the next few months, but that could become a trap if you want to custom order yours, i.e., with the end of 2014 ordering approximately early/mid June, and, for those about to order from dealers with limited allocation, be aware that they may not be able to place and successfully get you a 2014.

Note also, for us all, that a 2015 MY price introduction is a "historical highly-probable."
 

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Everything you wrote I took into mind last Monday night. That is why I was the first into the dealership Tuesday morning and left with one I eyed for weeks. I have not stopped smiling since.
 

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So say you place an order before the price hike for a 14 and is price protected but you end up waiting longer than usual and gets a 15my are you still price protected?
 

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Discussion Starter · #4 ·
Sorry, but I highly doubt that you will be price protected by GM for a '15. However, I would, if you dealer made you a promise that he/she would be able to get you a 2014, but due to lack of allocation mislead you, you could use that as pressure for your dealer to honor the contract price. GM is going to deliver about 33% more StingRays than they estimated, so if your dealer tries to blame GM for not producing enough StingRays, tell your dealer that that excuse won't fly.

Your dealer needs allocation to get you your '14. Have them show you that they have it. And politely corner them why your StingRay has yet arrived. If you haven't seen those two threads, they will help you.

http://www.stingrayforums.com/forum...ordering-c7-corvette-thread-will-helpful.html

http://www.stingrayforums.com/forum...urgent-order-delivery-useful-information.html

Good luck!
 

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Truthfully.... I would buy a new Stingray even at the increased price and not give it a second thought! Obviously, we all want the best 'deal' we can get when buying anything but we will never find a better value than what we receive when buying this new engineering marvel! Complaining and agonizing over something we can't control is fruitless and sometimes frustrating. Don't let these inevitable challenges diminish your enthusiasm and excitement for the ownership experience of this incredible machine! I'm still waiting for mine too! Have a great week, everyone!
 

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I'm interested in what dealers will be pricing 2014's at in September when the 2015's are available.

10K off MSRP
5K off MSRP
MSRP


I see a lot of convertibles and lower tier models available.

.
 

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Discussion Starter · #7 ·
I'm interested in what dealers will be pricing 2014's at in September when the 2015's are available.
10K off MSRP; 5K off MSRP; MSRP? I see a lot of convertibles and lower tier models available..
Good question. See from your post, you are in Southern CA. You may well see them dropping toward MSRP in your area, maybe a couple of thousand lower by Fall, but I remember tens of posts earlier last fall, that we were going to $5K under list by this time of the year, perhaps even $7K below list by now. If one waited it out, as recommended by those early posts, and also factored in last week's $3,200 Z-51 price increases, approximate $4K increase for non Z-51's ($2k net loss of price discounting, plus the $2K GM price increase) really would have been going backyards.

I think your post, if you are taking about $5K under MSRP mid way through the 2015 model year could be a possibility, but also factoring in the 2015 MY price increase, is too optimistic for the end of this model year/beginning of 2015 MY, as I see most dealers in your area asking $5-10K over for the new 2015's as soon as they arrive your way in mid/late September.

Bottom line, most of the dealers in your area, many in southern FL and some other areas, haven't yet awakened to the fact that buyers are getting smarter than dealers, that buyers are progressively buying from the largest dealers with large allocations, paying for shipping and most times being still $2,500+ ahead after shipping. One person on our forum, asked me for help three weeks ago, for her local dealer was still holding firm at $5K over list. This was before the price increases. She consequently called MacMulkin, got a car of her dreams, had it shipped and with the discount available then, even with shipping ended up about $6,000 better off than staying with her local dealer (who wasn't budging on their demand for $5K), and even with that, wasn't able to get her what she wanted.

We internet savvy folks know we have choices.
 

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Truthfully.... I would buy a new Stingray even at the increased price and not give it a second thought! Obviously, we all want the best 'deal' we can get when buying anything but we will never find a better value than what we receive when buying this new engineering marvel! Complaining and agonizing over something we can't control is fruitless and sometimes frustrating. Don't let these inevitable challenges diminish your enthusiasm and excitement for the ownership experience of this incredible machine! I'm still waiting for mine too! Have a great week, everyone!
I agree with you completely. I've driven mine 300 miles in one week. I work out of the house, so none of that is commute time, it is all play and finding the longest way to wherever I am going! This is my 4th Corvette, and is by far THE best. It is a bargain, even at the new price. If you are on the fence, don't be. Buy one and drive the heck out of it. You will not be disappointed.

Looking forward to photos of yours when it comes in.
 

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All of the dealers in my area are selling theirs' for MSRP. I lucked out and got a used PE for 6K under. It only had 2500 miles on it.
The cargo shades were still in the bag, not even installed. The foam wrapping is still on the luggage.
Not sure how, who, what, where or why but I sure am glad they, it, them did.
 

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This is what stared at me every day in the dealership while I waited for updates on my order, the car my son begged me to buy. When the prices went up, I pulled the trigger.
View attachment 4932
This is the exact outside color of mine too! She'll be Torch Red Z51, 3LT, 7 SPD, MRC, Kalahari interior, Comp Seats, Upg exhaust, etc.! TPW is 03/17/14! I'm dying to get her!
 

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I've been extremely patient with this whole process. I ordered on November 14th last year and my TPW is 3/17/14. if I had to do this all over again, I would definitely call one of the huge Corvette dealers, get or order what I want and have it shipped to me! Those of you who followed this process are smart for doing so! I won't wait again!
 

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The fool article is pretty spot on IMHO.

The 2014 Corvette Stingray Is So Popular, It's Getting a Price Increase - Fool.com

Conversely while talking to a dealer the other day I got their take on the price increase. Some of the story being told to dealers is since the car, especially the Z51 has exceeded expectations they had to go back to many suppliers and commit to higher quantities. Supposedly many suppliers were already at capacity so to increase product they needed to invest in additional shifts and consequently the price per unit went up. Additionally, when these contracts were re-negotiated many suppliers also demanded higher prices. I don't buy that excuse, I think it's a basic business decision, they increased the price to reflect what they feel people will pay. If anything, they renegotiated new contracts with higher quantities and got price REDUCTIONS, not price increases. Either way the increase doesn't bother me. Sure, I would rather they hadn't done it but it's not a deal breaker.
 

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Sorry, but I highly doubt that you will be price protected by GM for a '15. However, I would, if you dealer made you a promise that he/she would be able to get you a 2014, but due to lack of allocation mislead you, you could use that as pressure for your dealer to honor the contract price. GM is going to deliver about 33% more StingRays than they estimated, so if your dealer tries to blame GM for not producing enough StingRays, tell your dealer that that excuse won't fly.

Your dealer needs allocation to get you your '14. Have them show you that they have it. And politely corner them why your StingRay has yet arrived. If you haven't seen those two threads, they will help you.

http://www.stingrayforums.com/forum...ordering-c7-corvette-thread-will-helpful.html

http://www.stingrayforums.com/forum...urgent-order-delivery-useful-information.html

Good luck!
I have read all of those links, however I'm in Vancouver, Canada and not even sure if any of those information are applicable here. For example I never even received a order number! All I am guaranteed by dealer is I'm entered into GM autobook(workbench?). Is there anyway to figure out what my current status is in relation to the local allocations? I do have a guaranteed price protect but now that I think about it the contract is for a 14 model so by the time 15 comes around it could get sketchy... but i believe i have till early august to have my 14 built? Appreciate the advice.
 

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Corvettes seem extremely rare around where I'm at, to the tune of 1:5 compared to italian and british makes. I see more lotus and lp700s than corvettes. Price remains level here, the demand isnt high enough to warant a price increase but on the flipside there probably arent many allocations either.
 

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I have read all of those links, however I'm in Vancouver, Canada and not even sure if any of those information are applicable here. For example I never even received a order number! All I am guaranteed by dealer is I'm entered into GM autobook(workbench?). Is there anyway to figure out what my current status is in relation to the local allocations? I do have a guaranteed price protect but now that I think about it the contract is for a 14 model so by the time 15 comes around it could get sketchy... but i believe i have till early august to have my 14 built? Appreciate the advice.
Yes, they will continue to build model year 14 up into August. Your best source of information about your dealer's allocation, and where you are in line there, is your dealer himself.
 
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