TO ALL THE ZR1 LOVERS! LOL@ PRICETAG

[Vteckidd]

yup, more than a lambo

http://jalopnik.com/396780/dea...13000


Dealer Gouging Reportedly Sends 2009 Corvette ZR1 To Amazingly Insane Price Of $413,000

The 2009 Corvette ZR1, GM's new mega-powered super car, will reportedly only be offered to the top 338 Chevy dealers nationwide. That effectively shuts out the other 3,594 from the chance of offering one to enthusiastic fans of the bowtied brand. We guess that explains the four-times-the-price gouging we're hearing about from potential customers. That's right, although the 638 HP 2009 ZR1 gets a price tag of $103,300 ($105,000 with the $1,700 gas guzzler tax) and Corvette engineers asking dealers to respect the MSRP, we've received at least one report from a reader of being told that despite his down payment 2 1/2 years ago, he'd have to put up between two and four times the MSRP to get one in his garage. If that number is accurate, the street price will be somewhere between $206,600 and $413,200 for Zee Really fast One. Full report from our tipster looking for recourse from someone — anyone — after the jump.

"I put a deposit down for the 2009 ZR1 about 2 1/2 years ago at "my" chevy dealer from whom I have bought many GM cars, including trucks, vettes. I have probably bought 15+ GM vehicles over the years. I was told 2 1/2 years ago that the price for this "iffy" car would be around the same ratio as the 5K overcharge I paid for my 2006 Z06.
I was called to order my ZR1 yesterday since I was #1 on the allocation list of this dealer's 4 allocations. I was told that by the way the price would be between 2-4 times the MSRP. Tadge Juechter, the Chief of Corvette Engineering, has urged GM ZR1 dealers to respect the MSRP. I am very upset with the greed and disregard for customer loyalty in a down economy. Is there any recourse?"

We wish there were — although we'll be forwarding on your complaint to the good folks at Chevy to ask them their thoughts. At the very least it definitely shows a demand for the highest priced car in the General's storied history, doesn't it? (Hat tip to Roger!) [via Automotive News (sub. req.)]

[OneSlow5pt0]

well i mean it is faster than a lambo.................but damn thats messed up

[Hollowmon]

Thats messed up!!

[greasemunkey]

lambo=black rapper zr-1=whitey with too much money

[Elbow]

lambo=black rapper zr-1=whitey with too much money

No, rappers don't own Lambos only rent, too many complicated pieces for them to figure out.

[87 Turbo II]

well that just put the GT-R WAAAAAAAAAAAAAAY ahead.

[man]

well that just put the GT-R WAAAAAAAAAAAAAAY ahead.

It's still slower so I dont see how

[_Christian_]

I dont know i just dont see the big issue over the car having crazy markup, ZR1 is in a different tier of special production vehicle than the GTR. maybe not performance wise, but thru the car world it is. The V-spec is gonna have a crazy markup on it, with its limited production model. they will all get sold regardless..

im sure there are 2000 fanbois/collectors with enough cheese. i just know if made a down payment on one, i'd tell the dealer to suck it and go italian.

[Alan®]

yup, more than a lambo

Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.

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.

[All Stock]

Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.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.

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.

[DieselNuts]

Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.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.

BUT ITS NOT GM DOING IT, ITS THE DEALERSHIPS

SORRY FOR CAPS LOCK, IM AT WORK...

[Nissangeek]

Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.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.

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.

[MongolPup]

Really not surprised. GM currently has 3 billion dollars in debt that it has to refinance over the next couple of years.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.

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.

[Alan®]

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.

[MongolPup]

you must have missed where i said i meant to seperate the first sentence.

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.

[Alan®]

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.

[JITB]

I mean the Zr-1 is gonna be alot more exclusive and rare than the GTR, so its expected.. how many zr1's will be made? anyone know?

[SouthSide Tay]

I mean the Zr-1 is gonna be alot more exclusive and rare than the GTR, so its expected.. how many zr1's will be made? anyone know?

who the **** cars how many ZR1s they make they are charging u 2-4 times more than what its worth? thats just stupid IMHO

GM can suck a fat ****

[87 Turbo II]

I mean the Zr-1 is gonna be alot more exclusive and rare than the GTR, so its expected.. how many zr1's will be made? anyone know?

I'd rather own a car built by people with the ethics to not FREAKIN double or even quadruple the price! I mean, no doubt, the GT-R will get some dealer inflations, but that's ridiculous.

[Alan®]

production numbers are set at 2k worldwide for this year

http://www.autoblog.com/2008/05/06/c...its-worldwide/

[SouthSide Tay]

production numbers are set at 2k worldwide for this year

http://www.autoblog.com/2008/05/06/c...its-worldwide/

they will go up for next year if sales are good enough this year which im sure there already sold out of something hasnt even been delivered yet

[JITB]

I mean the older (94)Zr-1 was twice as much as the normal vette.

And Why do you all blame GM for the price inflation.. Its the dealer... Gm sells them for 110k, and dealers are hiking it up....as usual.

Remember when the gtr was advertised for 80k, with a 20-30k markup and you all went nuts at the thought of it being 100k at the dealer.

lol IA, i will go crazy trying to understand you alls logic!!!

[tron]

I mean the older (94)Zr-1 was twice as much as the normal vette.

And Why do you all blame GM for the price inflation.. Its the dealer... Gm sells them for 110k, and dealers are hiking it up....as usual.

Remember when the gtr was advertised for 80k, with a 20-30k markup and you all went nuts at the thought of it being 100k at the dealer.

lol IA, i will go crazy trying to understand you alls logic!!!

20-30k markup is way less than increasing the price 3 -4 times MSRP
but i get what your hinting at but lets face it IA is cheap and hate high prices

[_Christian_]

I mean the older (94)Zr-1 was twice as much as the normal vette.

And Why do you all blame GM for the price inflation.. Its the dealer... Gm sells them for 110k, and dealers are hiking it up....as usual.

Remember when the gtr was advertised for 80k, with a 20-30k markup and you all went nuts at the thought of it being 100k at the dealer.

lol IA, i will go crazy trying to understand you alls logic!!!

Big difference btw 25% markup and 200-400% markup.

[JITB]

I dont know i just dont see the big issue over the car having crazy markup, ZR1 is in a different tier of special production vehicle than the GTR. maybe not performance wise, but thru the car world it is. The V-spec is gonna have a crazy markup on it, with its limited production model. they will all get sold regardless..

[JITB]

i heard the paint on the Zr1 is 60,000$ a gallon...lol

and the first Zr1 sold on barret Jackson for 1 million...

[_Christian_]

i heard the paint on the Zr1 is 60,000$ a gallon...lol

and the first Zr1 sold on barret Jackson for 1 million...

ajc auto show?

[.blank cd]

i heard the paint on the Zr1 is 60,000$ a gallon...lol

and the first Zr1 sold on barret Jackson for 1 million...

The paint itself does not cost $60,000. The additive they used to paint the exposed carbon pieces to keep it from fading over the years in the sun costs $60,000/gallon.. and they only used a 3% concentration of the additive with the clear coat. The exterior paint is normal paint.

[nsany(atl)]

don't forget the $6,000 brake pads and the $24,000 complete brake service

[iloveboost]

Some of you people are morons. If it's overpriced, then people won't buy it, right? It's obviously worth $400k to someone.

As JITB said, it's the dealers marking them up, not GM. People will pay that money so why not charge it? Any of you would do the same if you had a car people were willing to pay 3 times the cost for.

[4DRGSR]

Some of you people are morons. If it's overpriced, then people won't buy it, right? It's obviously worth $400k to someone.

As JITB said, it's the dealers marking them up, not GM. People will pay that money so why not charge it? Any of you would do the same if you had a car people were willing to pay 3 times the cost for.

Truth! I remember when the c6zo6 came out. Bob richards chevy in Augusta charged $120,000 or more. The ironic thing is we bought them at the Manheim auto auction in Manheim, Pa for 45k each, brand new. Chevy screwed themselves by letting the dealers do this. I loled after i bought my third one of the day for 38k with a whopping 5k miles on it. Cars are only worth as much as people are willing to pay for them.

[EJ25RUN]

G.m. brands are the worst at ridiculous price markup.

I remember when the Pontiac G8 first came out, dealers wanted 8K over MSRP. I laugh at the fact GM will ever get to where they once were. Its like the end of the British motor industry is in sight for American brands.

[Brett]

Even if dealers mark them up that much, they will still have everyone of them sold before they even make it to the lot.

[Vteckidd]

jitb is right its the dealer marking the car up not gm. Gm has actually pushed for the cost to stay near msrp

[tony]

I think we are about to see the quickest depreciation of any vehicle around.. a GM for $400k? I'd LOVE to see the resale on that.

[Vteckidd]

its def not worth $400,000 but i can see it going for $150,000-$200,000 in lines with the exotic supercars

[chhs_lax]

Anyone who pays 400k for a zr-1 is a moron and deserves to pay the markup for being a douche.

[green91]

You can have a Carrera GT for that kinda money. While its definitely a sick car, its still a corvette at the end of the day.

[Mike Lowrey]

$400k for an vette?


It is not even worth half that! lol @ the stupid american public who think it is worth $400k.

[UpSideDownDesi]

lol lol lol...i can see the them as Dealership ornaments for a while.