EXPOSING Another GREEDY Chevy Dealer Charging $90,000 OVER MSRP for a C8 Z06... *INSANE*

[@portisrulz]

At a certain point GM needs to step in. This is insane.

[@myaccount425]

They sent a letter to their dealerships in January about not price gouging for certain cars. GM doesn’t seem to be enforcing it.

[@landonmorel3715]

don’t buy the car? i mean….that would solve the problem

[@marioStortuga]

The problem is its Manufacturer Suggested < Retail Price.

[@redneckmafi]

Mike what you should do is email that letter to GM I watch another KZbinr that the dealership he was going thru was going like 50k above and they are looking into it

[@mustangmike3830]

Wonder if we as buyers after reporting these dealerships who have markups, GM, Ford, etc. can institute a fine??

[@willthornsbury2913]

The dealership model has gone beyond it's usefulness. I'd gladly buy any car directly from the manufacturer than a dealer, and have it delivered to my door. I'd even pay more for that service.

[@702probro9]

90k more 😂😂. Nah man just buy direct fair msrp period. Not additional.

[@mustangmike3830]

I would as well! Maybe not pay over msrp but I wouldn't mind waiting a little bit to avoid stealerships and ridiculous markups...

[@Jeff-Vader_head_of_catering]

Removing dealerships from the equation isn't a good move altogether. Yes they're playing stupid games with exclusive models, but what they provide is market competition. Even back when Ford was doing the same thing with the next-gen Raptors and GT350's, you could still find some dealers nationwide that would sell to you at ACTUAL MSRP. If you suddenly get rid of dealerships, you get rid of a MASSIVE amount of competetive dealerships, and then you'll just have to pay what Ford or Chevy TELLS YOU to pay! As of 2020, there were 16,676 competetive Chevy dealerships in the US. If you dwindle that down to just the manufacturer, and If you understand "supply vs demand" at all, it shouldn't take a rocket scientist to figure out that's bad for customers!

[@jrfairclough4291]

Ok, so lets say GM gets rid of dealerships. Now who's going to do warranty work on your $140,000 car? I'm not saying what some dealerships are doing is right, but dealerships still serve a need. GM isn't going to do a damn thing to them either, seeing as they just pulled off the heist of the century last year on dealerships, they're basically funding GM's EV program!

[@Jeff-Vader_head_of_catering]

@@jrfairclough4291 Exactly! And this is precisely the reason why higher education is needed! Not to mention pass-down wisdom like "stepping over a dollar to pick up a dime"!

[@DV-ty6yc]

GM needs to solve this. I cannot be the only one pissed off enough to walk away from Corvette and Chevy forever.

[@Viper3048]

Same thing happened in 2020 with the C8. Be patient and in a couple years you'll be able to get one near MSRP.

[@justinskillng5371]

Ford has been doing it too. Ford is talking about stepping away from dealerships.

[@Snowkone81]

Yep - I walked away when trying to get a C8 Stingray, but was waiting for the Z06 or ERay. Now they are still doing it - I’m done. Maybe I’ll come back, but for now Porsche has my money.

[@fastindy]

@@Snowkone81 Surely this is a joke.

[@tyarnold4088]

@@fastindy no joke. This is the reality right now. It's crazy.

[@hunterdan2002]

These markups are literally going to be the end of the road for dealers. Manufacturers aren't going to let dealers keep padding their profits with bogus mark ups. I can see the manufacturers buying out dealerships, downsizing them and making them Factory service stations. It's going to be a direct to consumer issue, with vehicles being kept at large distribution centers, buyers being able to choose what vehicle they want, vehicle being shipped to service center for pre-delivery inspection and OEM add-ons. No new inventory on dealer lots except for used vehicles. Dealers are literally putting themselves out of work with these practices. It's only a matter of time.

[@Shaker392]

This is actually a good idea. I would trust the manufacturer much more than any dealership!

[@StochasticWolf]

This would literally be perfect!

[@bikefax8177]

This is happening currently in the bicycle industry. Trek and Specialized are buying the dealers (bike shops)

[@scottr2706]

There actually is not much manufacturers can do. The key word in MSPR is suggested. Manufacturer's contracts with dealers allow dealers to sell at other than MSRP. Until state franchising laws change, this process will not change. The reality is manufacturers do not want to be in the dealership business. That is not what they do. Even Tesla does not have dealers. That is why Tesla is allowed to sell directly to the public in most states.

[@michaeldeloach838]

They don't even have to buy out these dealerships, just simply yank their status as an authorized dealer. When they all go out of business I'm sure the real estate they sit on will become available and cheap lol

[@johnricci4511]

$100k is more than enough to have a dealership owner abducted never to be seen again.

[@99-Zulu]

I'm willing to pay 100k under MSRP! But on a serious note. GM should find a way to sell desirable cars from the manufactures themselves. Create competitive market against the dealerships who want to be stealerships.

[@ronniewelch8947]

That would be nice but legislation stops it from happening.

[@Jr_5646]

@@ronniewelch8947 Yea, in my opinion congress should potentially look into changing franchising laws. It's giving companies like tesla that technically isn't a "car company" a competitive advantage since they dont have to abide by these same laws and can sell directly to consumers. However they won't unfortunately because they want us to all convert to electric

[@zacht9447]

I mean most OEM's can do that

[@Jr_5646]

@@zacht9447 No they can't. There are franchising laws that prohibit selling directly to consumers. They have to go through dealerships.

[@UndefinedStasis]

@@zacht9447 they literally cannot, there are laws in place preventing this. The only reason why tesla was able to do so by receiving an exemption by arguing that electric cars are new technology(self driving and the likes) and that the manufacturer needs to explain how to use these functions otherwise it would be a safety hazard. Stupid arguement but it worked but that's what happens when a government wants to push something onto the public, they make exemptions to rules everyone else has to follow.

[@markchisholm1234]

If gm is planning to void your warranty if you sell it within a year. They need to step in and penalize the dealership that charge markup.

[@tommybennett451]

💯

[@lukewalker1051]

I believe you nailed it. GM would rather allow the public to be screwed by the practice of gouging customers than rightfully penalize their dealer network for poor business practices. I worked where the C8 was developed. GM is anything but scrupulous.

[@Duckswag87]

I want to hear the stories about the dealerships that did the right thing. 5-15k over for various reasons seems pretty normal but marking it up 70% over is literally insane. I can’t wait to see how it shakes out

[@landonmorel3715]

$5-$15k over is still dumb…NOBODY should pay over MSRP…but morons will

[@dakotaautosales9673]

It will shake out just fine people will be standing in line to pay that

[@johnfranktullo3463]

How is 5-15k markup reasonable? All they do is sell a product that is make by someone else. Tell me a dealership that builds their own car from scratch ?

[@Duckswag87]

@@johnfranktullo3463 I said it seems pretty normal, I don’t think any markup is reasonable. Price gouging isn’t anything new, I think I’m more referring to the extreme level of it being crazy. Dealers are taking a new product and setting a price based on the demand they see. I saw it with lots of items during the pandemic, I bought a supercharger for $3,500 from the manufacturer but had to wait almost a year for it, but people had bought them out and were selling them on eBay ready for immediate shipping for $5000-$6000. It’s sad but not uncommon

[@BrianMello]

My dealership has never marked up over MSRP ever. GM actually allocated us an additional 18 Sierra Denali Ultimate's because of it, which is nice to see. I've done a few video's following the market if you're interested you guys should check them out.

[@whill7360]

There is an internet shitlist that those dealers should be put on. We, the buyers, will not forget!

[@Justins00ss]

You hit the nail on the head. Essentially it's just a corvette no matter how you look at it and try to justify it. Is it cool, yup. But the problem is that people will continue to pay these crazy markups and that tells dealers that they can get away with it. If everyone literally told them to shove it and not pay over then things may change. I thought I remembered recently about GM releasing a statement saying that they wouldn't allow this to happen. So much for that. I give it another 10 years and you'll eventually see more brands going direct to consumer with pretty much no middle man dealer involved

[@jeremyjones5935]

Supply and demand duh

[@mustangmike3830]

I've spoken to so many dealerships and they truly honestly feel like they're justified in these markups. It's ridiculous & should be illegal...

[@CRAPO2011]

Stealership= oily crooks

[@Jeff-Vader_head_of_catering]

"Illegal"? No. You just take your money elsewhere. That's how supply & demand works. Any time you start getting government involved, it becomes regulated to the point of choking out innovation and makes the cost of R&D for exciting vehicles, not worth it or "illegal" for them to produce. Use the rules of supply and demand, don't call the government to come play "mommy & daddy".

[@johncena-hq1ti]

What have they said?

[@guyod1]

Dealers can not get cars to sell. So if they are selling half the amount of cars, I understand they need double the profit on cars they do sell. 5-10k market up max.

[@landinrautenkranz6499]

It’s market adjustment bro. I would understand if these were base daily driver cars and SUV’s but rarer and harder to get expensive crazy cars should be market adjusted. Y’all are mad that the dealer price is marked up but then if you get it for MSRP sticker (manufacturer’s suggested retail price, not “my suggested retail price”) you F the dealer over and then sell it for a huge profit. If it’s your order or a base daily driver nothing special I agree no mark up, but if they have a C8 Z06 corvette with a bunch of options and it is the only one the dealer is getting for 6 months then shut the heck up and let the dealer work without your stupid opinion. It’s their car at their dealership where they have bills to pay and employees to pay so they can place their product at whatever price they desire.

[@glenf7334]

There’s no way I would pay over MSRP for any vehicle. That’s insane!

[@brandonanderson8076]

Why not?

[@bradmills8114]

Agreed

[@johncena-hq1ti]

@@brandonanderson8076 because it's not worth it lol. It's worth msrp

[@brandonanderson8076]

@@johncena-hq1ti If the car was worth less than MSRP would you still want to pay MSRP or would you want to pay what its worth?

[@scubasteve9566]

Definitely not.

[@craigmorgan4676]

Expose them Mike,it's plain wrong, period!😡😡😡👍👊💪

[@WarrenAAndrews]

You think he can change the world too?

[@craigmorgan4676]

@@WarrenAAndrews He can try!👊👍

[@MYTOYMAKERZ]

That can be very touchy and it might open Mike up to a law suit the dealership can come up with many excuses and say prove it.

[@tommybennett451]

@@MYTOYMAKERZ if he's speaking truth it would be hard for them to sue

[@sonicmoj1]

@@WarrenAAndrews Now I know people like you never show up on Shark tank as entrepreneurs. Aim for the floor not the ceiling is you're type of people.

[@Sergeantgrunt]

I've worked all my life, paid my bills, invested for my future and just when I felt like I was in a position to afford a fun car (C8) the prices go wild with computer chip issues, COVID, first ever mid-engine Corvette, and FPC.... I find myself looking to C6/C7 models. If you're lucky you might find a first year C8 for 90K. Not out of my reach but with that price you can find older exotics that as a kid you dreamed of owning. As I get older I'm really thinking C2 over C8. Screw the scalpers (stealerships) and put that 96K into the car or your retirement account and live better with a classic car!

[@Marc-td7nn]

Great vid!! Never ever pay over MSRP. If we all keep paying over MSRP we will keep getting screwed.

[@robervin9107]

I’m thankful for Matt beaver. His dealership is helping people. Also I’m loving the sit down videos

[@jeremy7218]

That dealer is like 20 mins away from me. Their ratings on google went down massively today

[@johnm1008]

GM needs to start pulling allocations and giving them to dealers who sell at MSRP

[@Cgee3]

This seems like quite the simple solution. I don’t know why Chevy doesn’t do this.

[@paulmorrow8372]

@@Cgee3 I agree it should be this simple, but unfortunately the way the franchise agreements and dealer laws are written, a manufacturer would likely be in breach of their franchise agreement and/or those franchise laws if they penalized dealers based on a dealer’s pricing. The manufacturer can only suggest a retail price, but it is the full autonomy of the dealer to negotiate a sales price to the end user.

[@scottr2706]

There are laws/regulations which will not allow this. The auto dealer lobby is far too powerful to permit much change to the existing laws. Unless the public bands together and demands their state legislatures step in to change existing auto franchising laws nothing will change. Our elected officials have proven they will not bite the hands (dealers) that pay them the most. Those elected official do not represent the people the represent the lobbies.

[@Cgee3]

@@scottr2706 gotta love the government.

[@HiThere-bu2fg]

Used car sales are insane too. I bought a 1995 Bronco XLT 5.8 for $1300 just before the pandemic and the new bronco release. Now I can resell it for around $7k-$10k

[@user-pm5yy8bq4y]

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[@trodecke]

I agree with you Mike, it's pure greed on the part of the dealerships. With the slowdowns associated with the pandemic, I can understand dealerships wanting more money for each individual car. The dealerships around me, not just Chevy but Ford, Nissan, Toyota, Dodge, etc, have all had mostly empty car lots for more than a year now so it's understandable that the dealers need to make more per car since they don't have as many cars to sell. But a ~70% markup, just because they can? That's not right. Personally, I think it's high time for the dealership framework as we know it to go away. Think what you will about Tesla (quality/not quality, over priced/not over priced), they've at least proven that we no longer need a dealership framework to sell cars. That's an idea rooted in the great depression of the '30s and rarely serves a good purpose for the consumer today.

[@BERTRAND85O]

It’s a weird time for every hot new vehicle. The people that wait to buy a used z06 are gonna have pay more than new lol I wish people would stop actually paying 40-90k over retail. The dealers are only doing it and getting away with it because there’s dipshits that pay it 😂

[@Pmtd1234]

Exactly! No one is forcing people to pay over MSRP. Some have more money than brains!

[@ImGearsBeast]

Dumb rich people don’t care, they got underpaid laborers paying for it most likely and won’t drive it past 60mph

[@Pmtd1234]

@@ImGearsBeast Sad, to be so cynical.

[@juiceda6]

All youtubers need to put these dealerships on blast. This is BS.

[@WeirdBrick]

The problem the dealerships have if they say sell for MSRP is the customer who buys it will sell it on for 100k profit(one likely being a KZbinr..) So it’s not as straight forward as many think. Out of Chevy, Dealerships or the customer I’d prefer Chevy to make the money and least would be the customer who’s done nothing other than having the right contacts! If they could put a selling restriction on them for a year that would be great but I’m not sure it’s possible. Banning people from buying a Chevy again won’t work as most of us would take the profit still.

[@tmac1616]

Car manufacturer’s are gonna start cracking down on this. I saw an article the other day on the Ford CEO was threatening to pull allocations to dealers who were marking up outrageously. I hope the other CEO’s follow suit.

[@richardkafka5625]

And then they raised the prices 6 to 8 thousand!

[@Engineer_with_cars]

Ford does is encouraging this. Don’t be fooled by the propaganda!!! Ford will not “crack down” on anything.

[@MakingItHappenMWC]

No they aren't.

[@johnricci4511]

Tell those dealers "you are now a used car dealer...no new cars, no warranty program and no parts sales". Watch the dealership fold!

[@zechariyahelnadavbinyah8025]

This is the same reason Ford did step in and said no to the over msrp mark up.

[@cornpopthebaddude9525]

This is why dealerships need to be taken out of the mix! They are disgusting!!

[@allenrodgers1908]

What really blows my mind is people pay for it. I know it won’t happen but if everyone stopped buying them way over msrp then they wouldn’t do it. They know someone will pay for it.

[@bkphil89]

If only we lived in such a world. The consumers literally need to talk with their wallets on this issue

[@Brokewokejoke]

Yup

[@CU08]

Probably some wealthy person or dickbag influencer who will write most of it off as a business expense. This is what really f*cks the people who actually want to own and drive the car. One of the reasons why seeing a handful of $100k+ cars daily (at least here in the NYC metro area) in the summertime is no longer out of the norm. Scumbags.

[@brianracer6868]

Normalize going into stealerships and asking for cars at MSRP and laugh as loud as possible when offered at mark-up, tell them to f*** off and leave.

[@ltciscora]

Jeez that should be a felony to charge 90K over MSRP

[@jonathanwright8802]

The person that buys it is just as guilty.

[@Make-Asylums-Great-Again]

Price gouging.

[@Rusty.1776]

I think I speak for most of us viewers when I say your doing great things brother, I love you and the rest of your lil family 💚

[@Max9string]

How come in Canada they are not allowed, I just received my 2022 gt500 and actually payed 3k lower then msrp. They are only allowed to mark up on use car, so use gt500 or c8 are more expensive then ordering new, makes no sense.

[@rickhayes]

Mike, thanks for doing these markup vids. Bought my 2020 3LT Z51 C8 from a local dealer at MSRP. I was number 2 on the same dealer's list for a Z06 at MSRP. Two weeks ago I dropped in for a visit to see what was going on with allocations and they asked me 10K over MSRP. I was perfectly OK with that greedy slap in the face but then wanted me to pay the 10K up front!! They have ZERO allocations and said it may be 2 to 3 years before they even get one!! NOPE!! We just ordered a fully optioned Challenger Jailbreak at 1K over dealer cost for 101K and it's available to build RIGHT NOW!! That's 60K less than my Z06 build was gonna be and I can actually get this car!! The greed is TOTALLY out of hand.

[@lotsmioo2115]

same here. I was #4 on the list for my NorCal Chevy dealer for the last 2 years with my deposit until today when they called me. Unless I have 40k, $50k+ ... extra to give them on top I'm losing my spot!!! what else a normal customer can do? some Chevy dealers are turning their reputation to Greed!!!! 😡

[@bdtews]

GM should be embarrassed! Ford told their dealers that every ordered vehicle must be must be attached to a customer, and if they violate the rules, or try to sell over MSRP, their dealership will lose all future allocations

[@glenmurra2263]

If I'm not mistaken. General Motors has told their dealers the same thing. That they will pull their allotment of C8 If they're caught charging over sticker price. Anyone that gets a letter from dealers like this one should forward it to. General Motors head. Quarters and demand. That they do something about it. These kind of business practices need to be put to an end. Are they need to start just selling? These vehicles. That are highly sought after. On the Internet right. From General Motors or Ford. Were they? Can control the prices? And set up service centers to take the vehicles to need. If you need to have service work done, and cut the dealers out completely, The dealers have ruined it for themselves, if that's what happens.

[@charlesrocks]

It’s ridiculous. I can’t get a C8 for under $140k in Texas. I might as well buy a Ferrari at this point.

[@nastystew6942]

Go online and shop different states

[@brettmyers7054]

Couple 2LT's I've seen, $95k. Many 3LT's near me, $105k. Northeast Indiana

[@Indaback1]

90k over? Tell them to fly a kite that's exotic car price range now.

[@GTABLAST-zw6ye]

Mike: "I’m a cheap guy" *Mike owning a $800,000 car*💀

[@juanpatino5063]

I left a review and they hit me back saying they will be lowering their price back to MSRP for everyone who has ordered a C8Z, I honestly think they should give those people something extra for causing such a mess and for those who may have cancelled orders as well

[@Cgee3]

I seriously doubt that they’ll follow through on that commitment. When they most likely don’t, you should share your story with a local news station.

[@RStandsForRace]

The dealer has already backpedaled saying they will charge MSRP for the Z06.

[@StreetSpeed717]

Yea I'm SURE... 🤣🤣

[@paulstanglin329]

@@StreetSpeed717 it’s true, GM sent out a letter

[@paulstanglin329]

GM meaning the general manager, not GM the manufacturer

[@joevasquez6302]

@@paulstanglin329 i already called several chevy dealers and they all are selling over msrp

[@ronniewelch8947]

These manufacturers need to step in and punish these dealers some kind of way. This is getting ridiculous. The Vette was for the working man who wanted high end performance. This needs to stop at some point!!!!

[@DemarcusQ]

This is exactly why Ford’s starting to sell their cars on their own. And if not the person who orders it has to buy it 🤷‍♂️

[@JamesSmith-sw3nk]

That non refundable deposit is illegal where I live in Canada.

[@brandonkiddsr9949]

I’m with you Mike 100k over is ridiculous that’s essentially charging someone a nice middle class home (mobile Alabama price) over sticker

[@LamboDEB1]

I shared that on fb and the GM commented apologizing to fix it

[@MrTimdtoolman1]

It seems greed has overtaken the dealers that would charge 90k over, that just seems wrong to me. I feel like GM should step in a put a stop to this price gouging, and not allow dealers that do that to have any Z06 Corvettes.

[@jakemerica]

Crazy. I saw a dealer this past week asking 199,999 for a Sandblast TRX Level 2. The market asks are insane lately across the board. Greed is the theme.

[@jburford89]

Been talks of letting consumers buy directly from manufacturers. That would be amazing, I think insurance companies and finance companies would love that too. Dealers have taken it to far.

[@DavidVlogz]

It’s disgusting what some dealers will do smh

[@brandonmorsie9762]

GM sent me to training on the C8 when it came out. The overwhelming talking point was that they made the and priced it to where more people would be able to afford and enjoy the car. The over pricing is disrespectful. Ford dealers are doing the same thing. Their CEO said due to franchise laws the manufacturers hands are almost tied.

[@Make-Asylums-Great-Again]

How does Tesla manage to do it?

[@brad_neal]

Eliminate dealerships. Simply purchase the car from the mfg'r and then turn dealership into parts and service only. As you mentioned, the idea was to build a super car that was affordable to most people, and the thief dealerships trainwreck the whole concept. Screw the greedy b*stards!

[@paulmorrow8372]

@@Make-Asylums-Great-Again Tesla was able to get an exclusion from the dealerships laws in many states, but not all. For example Texas was one of the last hold outs. If you wanted a Tesla in Texas you had to drive to another state to get it delivered. You may ask, “why can’t manufacturers now get the same exclusions”? Unfortunately since they already have a dealership network with franchise agreements in place, the manufacturer would get their pants sued off by the dealers if they tried selling directly. Ironically, dealership laws were put in place largely to protect the consumer.

[@everjeff]

Craziness. I’m not willing to pay over MSRP. Thankfully there are some MSRP dealers, you just have to have been lucky enough to get on their lists early. I was hopeful that I would get a first year car but if GM can’t get material and prevent some of the constraints then it may be later before I get mine. I don’t want to compromise with what options I want when paying this kind of money, but hey, that’s me. Thanks for the video, Mike!

[@Dethmegadeth]

90k over. Historically vettes have been the obtainable sports car for most people. I think they're over estimating what people will buy these.

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[@KCars]

Absolutely insane. I really don't see a point in even having dealerships for brand new cars. Why can't we just order directly from the manufacturer and be done?

[@user-pm5yy8bq4y]

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[@BOOSTEDH2]

The dealer has already replied and removed the markup. Countless people flooded their instagram page lol

[@tahoeguyz71]

No way would I pay more than 5,000 over. That’s just ridiculous!! I’m sure it’s a great car but in my mind it’s not rare enough to charge that crazy amount over.

[@JS-zb1vv]

I wouldn’t pay a dollar over

[@thewhiterhino6837]

This is ridiculous!! $90k??? General Motors has to step in at some point and resolve this problem. Or even take a % of whatever the dealership charges over MSRP.

[@jacekmadej34]

You’re right Mike. I cancelled my Z06 order coulpe months ago, where I was 20ish in a line at $10k over MSRP. My thinking was, I will just buy a Porsche, Corvette is cool but I won’t pay that much over for the hype. At $100k over msrp it’s purely a joke. Car is not premium or rare nor exotic enough for it. Anyone paying that is out of their mind, at the same time they are perfectly free to do so. I work too hard for my money to just hand it over to some dealer for mothing.

[@TheRKHCollection]

I agree with you Mike. I could see them charging like $20k over MSRP but $90k-$100k over MSRP plus a $6k deposit is absolutely outrageous. GM needs to do something about it

[@JakobsCarsAndMore]

I think the C8 Z06 is a great car and worth what gm is pricing it at. My dream spec for the car is 150,00 give or take ans I'd pay that but 250,000 no way. At that point I'd rather buy a C7 Z06 and build it up and destroy C8s all day

[@PathosBedlam]

Dealerships have enough hidden fees without adding a huge 90k extra to a 150k vehicle. F that noise. Put the Stealership on Blast, and embarrass the shit out of them, and maybe it will stop other Stealerships from trying the same shit. I'd honestly love to see these price gauging bastards go bankrupt. Sure would make for great content. "I Bankrupted a Stealership" Has a good ring to it.

[@DEKOY82]

You’re doing great things man with everything you do! Well, except for getting my number wrong when calling the giveaway winners.

[@dmarten66]

I agree with you Mike. Dealers should not be able to charge a premium to that extreme. I believe GMC and dealers should have an agreed upon dealer fee so that dealers are compensated fairly and prevent gouging. Of course, free market principles would call for competition to weed out those who would take advantage of the consumer. Maybe GMC would consider a direct order/purchase?

[@Sniper269]

The head of Ford was recently interviewed and spoke on the same subject of unfair/excessive Dealer pricing. He talked about changing the Dealer franchise agreements to prevent/minimize this issue moving forward. He also mentioned there was nothing that would prevent Ford from delaying delivery to Dealer that have excessive mark-ups. I don't know much about the franchise agreements but if Ford could rework agreements moving forward and delay deliveries to the not so good Dealers then the problem would correct over time.

[@jimmymcfarland4184]

Had a dealer call me and ask $20k over sticker on a base model… you can keep it

[@StreetSpeed717]

LOL

[@CPMUNSEY]

The thing is,these dealerships wouldn’t be doing this if they didn’t think/know that they’ll get away with it because morons out in the world with more money than sense will pay it!! Insanity!!

[@2WheelDylan]

Insane what dealers think they can get away with these days

[@TMANN1]

That truck now sounds like every squatted truck in NC

[@alanbrooks80]

5:57 Kill it Mike, that is one of those spotted laternflys💥

[@greatwhitenorthcorvette8133]

The markups are crazy!

[@pbarnwell]

I think a Instagram or Facebook page should be generated to “Out” all the dealers that are ripping off Corvette Buyers.. Myself, I wouldn’t buy anything from a Dealer that did Business that way…

[@tylersowa3858]

You already know fakebook is gonna be biased with that whole car thing look how we were experiments for ads

[@pbarnwell]

@@tylersowa3858 ok how about Chevrolet stepping in and deleting the Allocations from any dealer that’s ripping off the buyers?

[@tylersowa3858]

@@pbarnwell that's good for Chevy to actually help their coustmers!

[@tylersowa3858]

@@pbarnwell at the same time dumbass people allow this to happen. If people wouldn't buy these overpriced vehicles then they would not mark them up

[@skiracer8148]

My friend who works for a Chevy dealer made a good point. It’s wrong if the dealer does it but many consumers order them and try to do the same thing to make money. GM needs to crack down on resellers, maybe hold the title for a year or something.

[@zechariahscheuneman6763]

A sqaurebody chevy will make you smile everytime you drive it too as long as it doesn't brake you'll be smiling guaranteed

[@jh1328]

I hope they never sell another car again. That is ludicrous.

[@dirtsailoroff-road5580]

JTs Dodgeland in Columbia SC has a Ram TRX with a 30k dealer markup on it so the price is a little over 130k now.

[@amerhamad4577]

If it reaches 250,000, your better off buying a Lamborghini huracan.

[@jalee6587]

No one should be buying it for 180k let alone 250k. If no one buys it. Then they have no choice but to lower the markups.

[@ThatTurboZoh]

Mike, you nailed it. GM deserves to see the money on this car if it’s really that good. Dealers do zero legwork to justify them realizing 100% profit on a car that they are purely a middle man for.

[@Sktzo]

My local Nissan dealer is charging $1,000(non refundable) to be put on a wait list for allocations they don't have yet for the Z, and the market adjustment will be between $10,000 and $20,000 depending on options. For a $50,000 car.

[@jamespearce3564]

The law of supply and demand. No one is pointing a gun at anyone's head saying you must buy it. And to be honest, if no one bought it, the price would come down really quick. Blame the people who buy at those prices, as P.T. Barnum said, there is one born every minute.

[@tonezilla]

At my dealer here in 407 land, the list started TWO YEARS ago at $50,000 over. They offered me a hookup price at $25k over back then. It has only gone crazier since. I’m gonna sit this one out, as I’m happy modifying my C8 HTC or maybe buy a Huracán again.

[@Mr10usdad]

Chevrolet could stop this but telling dealers they would not get any more cars if they sell over a certain price.

[@pob_car]

For those mentioning GM has acknowledged the dealership markup issues and has been taking steps in sending less high demand cars to dealers who price gouge

[@nathanjones5653]

Living in the past is like when I tell my mom a used car is 12,000 and she says that’s highway robbery thinking it should only be 3,000 and it’s 4 years old. 😂😂😂

[@jeffclayton9968]

It’s criminal. GM should penalize those dealers. It’s out of control!!

[@adamlane2498]

No way would I pay 90k over MSRP for a Vette, that put's you in a whole new category of cars at that price.

[@Rich-yy7ny]

Tesla does it right. No dealerships, just a storefront that helps you order online without any of the fees/markups that dealerships throw in there.

[@raynavarra]

Hey Mike. Love your content. I’m an old guy so I will tell you that 90k over MSRP is absolutely outrageous. In fact, I think anything over MSRP is ridiculous. I understand we live in a capitalist society. I’m all for making the cash. But c’mon. They took a car that was affordable for a lot of us out there and pushed into nothing more than a dream now. I think you summed it up the best I’ve ever heard. The dealers not the manufacturer are charging the 90-100k over MSRP. And the dealers do absolutely nothing but take your money and place your order. If GM said, hey this is the price which by the way, they did, it’s called MSRP. Then I get it. This is no different then when a gas station gouges you at the pump. Unfortunately, as long as these cars are selling GM will probably do nothing. Even their warranty voiding plan probably won’t work. Guess I’ll be driving my C7 for a while to come. Part of the problem is to many are willing to pay over MSRP.

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[@quint8198]

Toyota dealer here in Chicago is charging 15K over base Tacoma, making a base truck cost 50K!!!

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[@robbarber7253]

Yea I paid 30k for a 2nd gen up here in Commieda

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[@deanhopkins2372]

Thank goodness, so far up here in Canada 95% of dealers are selling at MSRP. Our sales tax is 13% up to first $100,000.00. As of Sept this year anything over $100,000.00 you pay a Luxury Tax of 20%, GRRRR!!

[@Hellcat-pg5pq]

I'm #6 on the list for my ZO6 at a smaller nearby dealer that required a $5000 non refundable deposit for deal at MSRP. Even though I'm #6 on the list, they're saying it will be a 2024 model that won't come in until next year at the earliest. I might consider 10 k over on this edition ZO6 but I'm really against the idea. A dealer tried to charge 10 k over on my 2015 Challenger Hellcat that was in stock on the showroom floor but then agreed to sell it at MSRP. I recently tried to buy a used TRX with 2,000 miles and they wanted 25 k over original msrp (NO WAY!). I found a nearby dealer to order a TRX at msrp but it was ordered in May and I have no idea when I'll take delivery.

[@dancook1274]

I NEVER paid a rip-off sticker. Never will. I’ll do without.

[@chesa6795]

Good on you, I just saw that dealership rescinded it's $90,000 fee and $6,000 deposit after massive backlash from the internet.

[@Ryan-th9zm]

GM out here acting like corvettes are equal to Lamborghinis and Ferraris 😭

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[@Grapesoap]

No we here at Autonation will never charge over your sticker price for Z06 we just require a $500 ( REFUNDED ) to build it.

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[@kjw6903]

Definitely not. Ford ceo announced they were selling direct to consumers to avoid dealers marking up new cars like that. Chevy needs to follow suit.

[@jimmymcmahon5961]

Mike these dealerships that are jacking the price up $90K for a new Z06 need to be reported to GM headquarters. Ford dealerships tried that with the new Ford GT and they put a stop to it. I don't see why GM wouldn't do the same. At the most a dealerships should charge on a new Z06 is $12-15K. That's plenty of mark up on a car that cost $150K at the most.

[@kayossmayhem]

Dealers served a purpose when they were dealers that represented the manufacturers but now they represent GREED. I agree with you Mike, the dealers have done nothing whatsoever to deserve nearly doubling the price of a car; no engineering nor manufacturing. so if the vehicle is going to be priced higher, the manufacture should see it not a useless middleman. Maybe it is time to lose the dealers all together and only have them be test drive & repair centers.

[@cargopilotguy305]

Question: if Manufacturers see that people are willing to pay $90,000 over msrp, why wouldn’t they simply sell the cars at that price point when/if they become able to sell direct like Tesla?

[@robbarber7253]

Because unions

[@cargopilotguy305]

@@robbarber7253 what Union?

[@robbarber7253]

@@cargopilotguy305 NADA

[@demodemoncrat441]

Not a dollar over MSRP. Let them rot on the lot. Interest rates are going up and many people are going to be tightening belts next year. They are trying to cash in before the market on cars crashes.

[@bretphillips7063]

It’s the new norm no more stealing cars from the dealership

[@frshtrds]

Just a little food for thought. I work at a dealership and feed my family and keep a roof over my head with what I earn. My dealership normally keeps 350 to 400 cars on the lot. We have 14 today, total, 14 cars to feed over 100 people and keep them compensated, this is why there are dealer mark ups. The overhead at the dealership hasn’t changed only the amount of cars available to sell.

[@AnnoDominiBeats]

Great video! Thanks for using our music too :)

[@deezet9518]

Here in the Netherlands dealers make next to none profit on a car. They have to earn on quantity by getting a bonus for a certain amount of sales. Now with exclusive cars that’s going to be hard, so I guess this could be a way to make a profit. But 90K is ridiculous, almost 100% of the MSRP. Furthermore dealers are losing ground, because they have less and less added value. A lot of them have minimal demo cars and/or don’t want to give you a car for a test drive unless you commit to buying at that dealer. The future is central warehouses where the client can order a car for a testdrive and then spec it through a website or through a teams meeting where the sales guy is in a home office assisting and arranging administrative stuff. With EV there will be not much to fix and maintain as well, so the workshops will be redundant as well.