Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.Originally Posted by Mr. KiDD
I knew it was going to be around 200k but damn 400k. That's ****ed up. I am in the car business and it's stuff like this that makesw me hate this job. This is one form of business just seems to have absolutely no sense of ethics.
Last edited by MongolPup; 07-17-2008 at 01:50 PM.
Epic Foxbody Thread Crew Member #10
What are you, a lot boy or something? If you worked inside the building, then you'd understand that there is a difference between what GM makes and what the dealership makes. The dealer can sell a car to the consumer for whatever amount of money they like, and it won't change what they had to pay GM for it.
Of course, volume sales turns into rebates which would effectively lower the per unit price, but that's a different issue.
BUT ITS NOT GM DOING IT, ITS THE DEALERSHIPS
SORRY FOR CAPS LOCK, IM AT WORK...
The price gouging won't make any difference for GM b/c the dealers get that extra profit, not GM. Thats a good $300,000 in the dealers pocket.
Sorry, but this logic is BEYOND flawed. GM will not profit from the dealers charging way over sticker; they sold the dealership the car at the cost they set. The owner of the dealership isn't going to say "hey, we made extra money on this car, let's send it back to GM!". GM isn't selling the car for that much, the dealerships are.
you must have missed where i said i meant to seperate the first sentence.
Epic Foxbody Thread Crew Member #10
I went ahead and edited it for you, thanks for clearing that up.
I'm still slightly confused as to why GM being in debt means that when dealers try to rip people off you aren't surprised. I was under the impression that every dealership, no matter the brand or how successful they are, is out there to make as much money as possible.
Let me rephrase entirely what I meant.
I'm not entirely surprised that they are going for what they are going for. That being said with GM 5 billion in debt I'm also not surprised that they asked for the dealers to honor the sticker price for PR reasons but, hey I mean if you're a dealer and know you have something that billy bob down the road will pay close to a half million for wouldn't you try to sell it for that? I'm in car sales and the saying goes selling a car is like trying to hook up with a chick. You don't know if you can hook up with her on the first date if you don't ask.
Epic Foxbody Thread Crew Member #10
Ah, that is MUCH better wording. Thanks, I see now where you are coming from. Your first post did a miserable job of conveying all that.
Last edited by MongolPup; 07-17-2008 at 05:09 PM.
yea i know i was kinda distracted when I first posted it.
Epic Foxbody Thread Crew Member #10
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