In this video by Speed Phenom on YouTube he visits a few local dealers in his area in Southern California to not only see the C8 Corvette mark ups that have continued these last few years but also other brands like Ford and Porsche marking up their vehicles as well.
As the supply chain issue persists, inflation has risen to over 9%, and with short supplies and high demand for performance vehicles like the C8 Corvette Z06 some dealerships are still taking advantage and charging $20k-$200k in mark ups on the most sought after cars. That mark up is pure profit for each dealership.
Recently we posted a video of StreetSpeed717 facing this same issue trying to get his 2nd C8 Corvette Z06 since he already took the first placement with Matt Beaver at Whitmoyer Auto Group in Pennsylvania. Streetspeed1717 learned that the other Chevy dealer wanted $100k plus markup to move him up on their C8 Z06 list.
Chevrolet and General Motors are trying to combat dealers with memos and flippers with voiding the warranty on the C8 Corvette Z06 if you sell it before the first year of ownership.
However, that will not stop a flipper it might stop the potential for used car dealers to buy it or the second owners of the C8 Z06 that lose the warranty potentially. They are blacklisting people that flip the C8 Z06 from getting access to newer C8 Corvette models or Corvette models in the future as well.
C8 Z06 – How much DEALER MARKUP should you consider?
What is UP Youtube? Welcome to Fred’s Full Throttle! So here we are mid July, (lunge) ….and we don’t have the Z06 pricing yet. Not really a surprise, as I think the surprise will be whenever it gets announced. However in the meantime, I’ve had a few people ask me about my thoughts on pricing and specifically what people should be willing to pay. Today we’re going to talk about pricing, and specifically my thoughts on how much over MSRP I’d be willing to pay. Link to Z06 Alternatives video: https://youtu.be/EqKQoKTaTsY Thumbnail Credit: Andi Hedrick / Road and Track Production music courtesy epidemicsound.com