Just came back from my dealer. They had an 08 Hardtop GT500 for $47k sticker, after speaking with the salesman, Dealer markup is $14k. He said they'll let it go for $8k over sticker.
Theives!
They are still sitting on their Shelby GT's ($37k) from MARCH, when I bought my used 06 V6 'vert from them.
30,000.00 mark up at the dealers in southern maryland, he owns 6 dealers in the area.
Is that Waldorf Ford? I laughed at them when I saw their 2 '08 GT500s marked up $30K over. I asked the sales manager what he's been getting, and he said he got $72K for a red with white stripe '08 about a month ago. Given that they've moved quite a few since late-'06, I can only believe 1 of 2 things: either the sales manager is lying about what he's really getting (definitely possible) or there are idiots not willing to look around the country to find a better deal. If you can pay MSRP, even if it costs $3K to have it shipped in a covered trailer, it's STILL a huge savings from what the metro DC dealers are looking for!
BTW, Waldorf Ford is still trying to charge a $5K markup on their 2007 Shelby GTs that aren't sold. Oops!
Alot of the dealerships leave the markup on the window but at this point nobody is selling '07's for more then $5k over MSRP and '08 are not going for more then 10-15k. I audit Ford Dealerships so I know how much they go for. My friend is in the market for a GT500 and turned down 3K over because it was black and he doesn't want to deal with a black car. That paticular cars window was still asking $70k+. Believe me if you walked in and offered those guys two grand under MSRP for those '07 Shelby GT's and were for real they would jump.
You guys can't fault the dealership for marking these vehicles up. They should sell them for what they can get for them. Thats capitalism. You have to realize that this is one of the few places that these dealerships can make money. These specialty vehicles keep these dealerships afloat. Most of the Ford dealerships I audit are operating at a loss.
< Message edited by 83gtragtop -- 1/15/2008 11:18:55 PM >
Here's my beef with it. Ford produced a 500 hp car in which a middle class person could have purchased. Add 20k to it and only a person that doesn't mind wasting money could buy it. I would say that caters to the hi-end middle class to the wealthy. The majority of Ford's mustang lovers are middle class guys. Why would they allow a dealership to jack the price up that much? Add 20 more and you could have the ZOsick. What do you guys think of the regular Shelby GT's? I would have to say a poor attempt at trying to make a dollar on Shelby's name.
Again like I said, Ford has to protect its dealerships. Also how can Ford possibly explain to their stock holders that they are selling a car for 45k when in actuality they could get 80k(a year ago), 70k(8 months ago) or 55k now. Ford is losing billions every year and their dealerships are bleeding bad. How can an American possibly go against capitalism, which is what this. Supply and Demand.
Ford Produces XX,XXX GT500's per year. They can sell all XX,XXX for say 60k. But they choose to sell them for 45K? Huh? Then you have a surplus of demand. So you could produce more, but that would be a huge fix cost commitment and if the demand subsides then they've screwed themselves. Plus pissed off every collector who were told by Ford that it was a limited production specialty vehicle.
If you want to buy a GT500's for MSRP just wait, they will be there by mid '08, if you look hard and search dealers selling on ebay you can already pretty much get there.
< Message edited by 83gtragtop -- 1/16/2008 8:00:08 PM >
i just got a offer for the gt500 in my area for $3000 over MSRP, what do u guys think about that, should i get it? and they are willing to order me one right from flat rock?
The problem with your logic is that we are talking about dealer markups and Ford Motor Co. has nothing to do with them, nor do they or the stockholders see any of this money. There isn't anything to explain. If this were the case then Ford would increase the MSRP (which FordMoCo doesn't get this amount either).
What would help save Ford (and the stockholders would appreciate) is if the company sold more vehicles.
I do not have any numbers, but I would be interested to see what total revenue is generated in the long run using the actual amount paid (markups for early buyers and discounts for late buyers) compared to the amount if all were sold at MSRP.
quote:
ORIGINAL: 83gtragtop
Again like I said, Ford has to protect its dealerships. Also how can Ford possibly explain to their stock holders that they are selling a car for 45k when in actuality they could get 80k(a year ago), 70k(8 months ago) or 55k now. Ford is losing billions every year and their dealerships are bleeding bad. How can an American possibly go against capitalism, which is what this. Supply and Demand.
Ford Produces XX,XXX GT500's per year. They can sell all XX,XXX for say 60k. But they choose to sell them for 45K? Huh? Then you have a surplus of demand. So you could produce more, but that would be a huge fix cost commitment and if the demand subsides then they've screwed themselves. Plus pissed off every collector who were told by Ford that it was a limited production specialty vehicle.
If you want to buy a GT500's for MSRP just wait, they will be there by mid '08, if you look hard and search dealers selling on ebay you can already pretty much get there.
The problem with your logic is that we are talking about dealer markups and Ford Motor Co. has nothing to do with them, nor do they or the stockholders see any of this money. There isn't anything to explain. If this were the case then Ford would increase the MSRP (which FordMoCo doesn't get this amount either).
What would help save Ford (and the stockholders would appreciate) is if the company sold more vehicles.
I do not have any numbers, but I would be interested to see what total revenue is generated in the long run using the actual amount paid (markups for early buyers and discounts for late buyers) compared to the amount if all were sold at MSRP.
quote:
ORIGINAL: 83gtragtop
Again like I said, Ford has to protect its dealerships. Also how can Ford possibly explain to their stock holders that they are selling a car for 45k when in actuality they could get 80k(a year ago), 70k(8 months ago) or 55k now. Ford is losing billions every year and their dealerships are bleeding bad. How can an American possibly go against capitalism, which is what this. Supply and Demand.
Ford Produces XX,XXX GT500's per year. They can sell all XX,XXX for say 60k. But they choose to sell them for 45K? Huh? Then you have a surplus of demand. So you could produce more, but that would be a huge fix cost commitment and if the demand subsides then they've screwed themselves. Plus pissed off every collector who were told by Ford that it was a limited production specialty vehicle.
If you want to buy a GT500's for MSRP just wait, they will be there by mid '08, if you look hard and search dealers selling on ebay you can already pretty much get there.
It actually does help Ford alot if they're dealerships make money. First off though many Ford Dealers are private, Ford Motors has a stake in many others. Ford has a very large Dealer Development program. Ford will take majority ownership(in most cases) in the dealership and when ever the dealership makes money they are required to send 50% of profits to Ford in a dividend payment. With the remainder of the money the dealer is required to pay off a percentage of Fords ownership. Thats why I said I audit Ford Dealers. Normally a private Ford dealer does not require an audit, but because they are partially owned by Ford (public company) all the DD stores require an audit. Ford use to generate lots of revenue from this program and now it is a losing business.
Also obviously the better the dealers do, the more revenue they generate, the bigger the inventory they stock. Because dealers have been struggling, Ford has had to lower the invoice prices on vehicles to widen the dealers profit margin. Ford has to help their dealers because they can not afford to lose key markets, which is what happens when a dealer shuts down.
83gt, Thank you for explaining that. I was under the impression that all dealers were independent of Ford. Do you know what percentage of dealerships are partially owned by Ford?
I would still be interested in seeing a revenue breakdown based on markups/discounts and retail.
if they are at sticker in mid 08 i might buy one. i dont know yet but its a definate possibility. i just wouldnt pay 60k plus on one when i see the sticker price. economy right now is bad so you may get them for sticker soon enough.
A dealership in Loganville, GA called yesterday to say he has to get rid of a white GT500 that's been sitting on the lot. He will sell it for MSRP; out the door for a little under 50k. The prices will come down as 83gtragtop pointed out. I think there are to many variables to say it would definitely hurt or help Ford by pricing them the way the dealerships have. It just sucks for the enthusiast that can not afford to take a 60k hit on a 44k car. I will probably get this one but now it's got me thinking to wait until they come down towards invoice.
At one time, I thought about trading in my GT/CS for a GT500 but then I thought...Is it really worth it? I'll be paying over 20k more...and for what? An extra 200 HP? A different front fascia (rear is same as GT/CS)? 6 speed tranny? Different spoiler & hood? The interior would be pretty much the same. I'll still be in a mustang. Now if it was a totally different car then maybe it'll be worth it. I can't see spending an extra 20k to own something I already own...A MUSTANG.
< Message edited by 2007CalSpec -- 1/22/2008 7:56:00 PM >
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MAC Boomtubes, O/R Prochamber, Dynomax Race Bullets(resonators), Tein H. Tech Lowering Springs, Meter4it Tail lights (Chase Mode), 3.55 gears
Yeah, I am gonna have to disagree with you on this one. The GT500 is a different beast. I had an 06 GT and I just picked up the 500 last night. It turns every head in every car. The CS does not. You state 200 horsepower difference but with pulley change, tune, cai I should get at least 100rwhp over stock. The dealership is so happy that I will be driving it daily. The owner stated that he has not sold one yet that was going to be driven daily. I rarely see these on the road and when I do I spot it from the other side of the interstate. 20k more is worth it and the insurance is only 460 every 6 mos.
I just got my 08 GT500 delivered last night. I paid MSRP and got almost exactly what I wanted. I wanted Vista Blue with White racing stripes and all the options. I got Vista Blue with no stripes, yet I found out that the stripes are Vinyl so I am glad I got it stripe delete as I will get the stripes painted on. I live in Buffalo, NY and it took me 4 phone calls in December to find a dealer selling Vista Blue Coupe's to sell me one for MSRP. I did not haggle, I just said to the sales guy that I am looking for a GT500 in Vista Blue at MSRP. They called me back in 10 minutes and said they would sell it. Originally they got me a 7.9% finanace rate, I was not thrilled with it and I was confident that the GT500 would be easily gotten for sticker later on. I turned them down. Then they sent me an email that they would sell the car with $5000 down at 5.9%. So I said Ok and now I am no longer a player in the GT500 market. Be patient and don't settle. There are plenty of these cars out there and they are sitting on dealers lots. Remember Dealers lose money with the car sitting, you make money while the money is in your bank. If you always keep this thought process you will be a better negotiator. Dealers job is to sell cars, if they dont sell cars they make no money, actually they lose money due to over head etc. This kind of car is a luxury item not a need. Hold out and get what you want for the amount you wish to pay. I did and I got what I wanted for the amount I wanted to pay.
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Joined: 1/13/2004 From: United States Status: offline
It would be great if you guys could give the Dealer and locations sellling @ MSRP This would help patronize the dealers seeling for MSRP and force the price gougers to stop being so greedy. It is a free maket but the Harley market was the same way until an MSRP list starting making tis rounds. Now look they are competitive
local dealer has ad in paper selling 2008 gt500's at sticker with no markup just wondering what they are selling for elsewhere
Mine listed for $48000, got it for $50,500 in Las Vegas. That was after 2 hours of haggling. I don't know anyone selling MSRP, and I've looked. Look how long the car has been on the lot. After 60 days they start paying rent so they'll be more willing to deal.
< Message edited by Mullens -- 2/10/2008 6:01:30 PM >
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08 GT500, Black/Tungsten, Corsa A/B, JLT with Brenspeed custom tune
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RE: shelby gt500's at sticker - 
