GM raising C7 prices..

ImportConvert · 03-10-2014, 11:13 AM

Quote:

"The consumer demand for Stingray has far exceeded our expectations, particularly for the Z51 package," GM spokesman Monte Doran said.

GM is protecting the investment of previous customers, as well as creating value in the brand and using cost to balance supply/demand. It's a win for everyone involved, in my opinion, except those who could not/should not afford the vehicle to begin with.

bruddahmanmatt · 03-10-2014, 12:50 PM

At least they're being honest about it. "We feel like we can charge more for this thing...and we will".

Meulen · 03-10-2014, 01:09 PM

Quote:

Originally Posted by ImportConvert

GM is protecting the investment of previous customers, as well as creating value in the brand and using cost to balance supply/demand. It's a win for everyone involved, in my opinion, except those who could not/should not afford the vehicle to begin with.

that's one way to look at it

. IMO GM is playing the same game the homebuilders were playing when financing on homes were enabled for people that couldn't afford them back in early and mid 2000's. When the car financing bubble burst, they will pay the price

ImportConvert · 03-11-2014, 05:20 AM

Quote:

Originally Posted by Meulen

that's one way to look at it

. IMO GM is playing the same game the homebuilders were playing when financing on homes were enabled for people that couldn't afford them back in early and mid 2000's. When the car financing bubble burst, they will pay the price

I would prefer they do that vs. what Nissan did to every pre-'14 370Z owner out there. "Lowest retained value" is not exactly what a company should aspire to!

Meulen · 03-12-2014, 07:25 AM

Quote:

Originally Posted by ImportConvert

I would prefer they do that vs. what Nissan did to every pre-'14 370Z owner out there. "Lowest retained value" is not exactly what a company should aspire to!

As opposed to how the government prolonged the ultimate downfall of the housing mkt with stimulous? I'd rather take my medicine all at once, just IMO. It's my job to look at this stuff. I can't stress enough how many indicators I see of a bubble in the auto mkt with financing. When you buy a depreciable asset you have to expect it to .....well......"DEPRECIATE". If you're buying cars like this, buy to enjoy it. If you're having fun, why do you care the value is going down? If you care about that, these cars aren't for you. Buy something cheaper so you lose less

UNKNOWN_370 · 03-11-2014, 06:53 PM

Quote:

Originally Posted by ImportConvert

GM is protecting the investment of previous customers, as well as creating value in the brand and using cost to balance supply/demand. It's a win for everyone involved, in my opinion, except those who could not/should not afford the vehicle to begin with.

If GM can make it through this...

GM adds 842,000 vehicles to recall linked to fatal crashes - CBS News

Emotional buyers will stimulate the economy most when they need to downgrade on a trade because they can't afford the car. Then the repos... Fugghetabatit!! There will be a lot of those first year.

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03-10-2014, 12:50 PM	#2 (permalink)
bruddahmanmatt Base Member Join Date: Jun 2012 Location: N.O.D. Posts: 39 Drives: For The Hell of It Rep Power: 14	At least they're being honest about it. "We feel like we can charge more for this thing...and we will".