INFORMATIONAL POST ABOUT PRICE INCREASE AND PRICE PROTECTION PROCEDURES. NO REPLIES ABOUT IF THE INCREASE WAS NEEDED PLEASE. JUST PROCEDURE QUESTIONS. THANK YOU
PRINT - CUT AND SAVE FOR DELIVERY TIME
Pontiac announced a price increase today, that includes the Solstice and Solstice GXP.
The price increase is $1,000 to the base MSRP of each model.
I have put toghether this information. If it sounds familiar to some, it is because I took much of it from posts I made after the December 2005 price increase.
Quote:
Subject: 2007 Pontiac Interim Price Change Effective 8/28/2006
Pontiac will announce revised 2007 model year Suggested Retail prices effective with vehicles produced on or after August 28, 2006. The revised Suggested Retail prices will affect the Solstice, Solstice GXP, Vibe, G6, Grand Prix and Torrent. Dealer invoice amounts will increase accordingly. Dealer discounts remain unchanged.
Dealer price schedules will be available in GM Dealerworld under Sales &/Or F&I Tabs effective August 28, 2006.
All qualified bona fide sold retail orders entered in VOMS on or before August 27,2006 and delivered to the original customer after that date will be price protected. These units will be invoiced at prices in effect at the date of production; however, the dealer open account will automatically be credited for the price increase once the unit has been delivered.
Here is some of the Price Protection Guidelines. When they use the term "Model Year" it is a calendar reference not a production year reference. These types of programs run the duration of a "Model Year" on the calendar, October 1st to September 30th. You will see this program expires September 30, 2006. Somtime before that point, it should be replaced by program 07-20, which will be for the 2007 "Model Year" and run October 1, 2006 to September 30, 2007.
Quote:
Originally Posted by GM 06-20-1 (edited by Small Dealer)
Program Number: 06-20-1
Program Name: CORPORATE PROGRAM 2006 MY GM PRICE PROTECTION PROGRAM
2. Program Description:
THIS IS A REVISION TO AND A REPLACEMENT OF PROGRAM NUMBER 06-20
(ADMIN MESSAGE NUMBER BAI20051519). SATURN DIVISION IS BEING ADDED
TO THESE GUIDELINES. CHANGES ARE INDICATED WITH A POUND (#) SIGN.
ALL OTHER GUIDELINES REMAINED UNCHANGED.
A PRICE PROTECTION CREDIT IS ISSUED TO CUSTOMERS FOR ELIGIBLE GM CARS
AND LIGHT DUTY TRUCKS AFFECTED BY AN INTERIM PRICE INCREASE, EXCLUDING
THOSE ITEMS REFERENCED IN THE VEHICLE TERMS OF SALE BULLETIN.
IMPORTANT PROGRAM NOTES:
-CUSTOMER ORDER DATE MUST BE PRIOR TO THE PRICE INCREASE EFFECTIVE
DATE (I.E., IF PRICE INCREASE DATE IS ON THE 2ND OF THE MONTH,
CUSTOMER ORDER DATE MUST BE NO LATER THAN THE 1ST OF THE MONTH).
-THE PRODUCTION DATE OF THE VEHICLE MUST BE ON OR AFTER THE EFFECTIVE
DATE OF THE PRICE INCREASE.
-THE VEHICLE MUST BE DELIVERED TO THE CUSTOMER WHO ORDERED THE UNIT
AS SOON AS POSSIBLE AFTER DEALER RECEIPT.
3. Program time period:
# APRIL 17, 2006 THROUGH SEPTEMBER 30, 2006 (DELIVERED)
4. Eligible models/required options/order types and allowances:
ELIGIBLE MODELS:
REFER TO DIVISIONAL PRICE INCREASE NOTIFICATION.
5. Method of application/incentive code/ final date for submission of applications and resolution of rejects:
METHOD OF APPLICATION:
- AUTOMATIC VIA ORDER RECORD ('DLVY TO' INFORMATION MUST EXACTLY
MATCH THE 'ORDER BY' INFORMATION.)
- CUSTOMER NAME IS REQUIRED ON ALL SOLD ORDERS.
NOTE: IF CREDIT HAS NOT BEEN RECEIVED WITHIN THIRTY (30) DAYS OF THE
REPORTED VEHICLE DELIVERY DATE, CONTACT THE DEALER BUSINESS
CENTER SALES SUPPORT AT X-XXX-XXX-XXXX prompt X. AT THAT
TIME, THE DEALER BUSINESS CENTER WILL DETERMINE IF ADDITIONAL
INFORMATION IS REQUIRED. IF NECESSARY, THE FOLLOWING DOCUMENTS
WILL BE REQUESTED FOR VERIFICATION OF ELIGIBILITY:
- COMPLETED ICR FORM REFERENCING INCENTIVE CODE 'PPT'
- SIGNED AND DATED COPY OF THE CUSTOMER PURCHASE ORDER
INCLUDING PRICES
- SIGNED AND DATED COPY OF THE CUSTOMER BILL OF SALE/LEASE
AGREEMENT
9. Other Program Guidelines:
A). PROTECTION ELIGIBILITY DATES ARE DICTATED BY THE CUSTOMER AND
DEALER ORDER DATES AS FOLLOWS:
-CUSTOMER ORDER DATE MUST BE PRIOR TO THE DATE OF THE PRICE
INCREASE.
-DEALER SYSTEMS ORDER DATE MUST BE NO MORE THAN ONE WORK DAY
AFTER THE DATE OF THE PRICE INCREASE.
B). OPEN ACCOUNT CREDIT WILL BE ISSUED AUTOMATICALLY BY DEALER
ACCOUNTING FOLLOWING DELIVERY OF A SOLD ORDER IF PROGRAM
PARAMETERS ARE MET, I.E., ELIGIBLE ORDER DATE/TYPE/MODEL/OPTION
CONTENT, ORDERING/DELIVERING NAME MATCH, ETC.
C). DEALER SYSTEMS ORDER DATE MUST BE NO MORE THAN ONE WORK DAY
AFTER THE DATE OF THE PRICE INCREASE ON ORDERS THAT ARE PRICE
PROTECTED ON THE INVOICE (FLEET WITH FVX/VQ, ETC.). ORDERS
ENTERED MORE THAN ONE CALENDAR DAY AFTER THE DATE OF THE PRICE
INCREASE WILL GENERATE INVOICES AT AN INCREASED PRICE LEVEL. PRICE
PROTECTION, WHERE APPROPRIATE, CAN BE REQUESTED ON THESE ORDERS
ACCORDING TO INSTRUCTIONS IN GUIDELINE 5.
E). IF YOU HAVE ANY OTHER VEHICLE DEEMED ELIGIBLE FOR PRICE PROTECTION
THAT WAS NOT GENERATED ON THE INVOICE OR CREDITED AUTOMATICALLY
WITHIN ONE MONTH FOLLOWING DELIVERY OF THE VEHICLE, (E.G. CHANGING
A STOCK ORDER TO SOLD, INCORRECT FLEET ORDER, PROBLEMS WITH
ORDERING NAME MATCHING DELIVERING NAME), CONTACT THE DEALER BUSINESS
CENTER SALES SUPPORT AT X-XXX-XXX-XXXX prompt X.
F). A DEALER SHOULD REQUEST A CHARGEBACK OF ANY MONEYS PAID AUTOMATICALLY
THAT ARE NOT DUE BY COMPLETING AN INCENTIVE INFORMATION REQUEST FORM
(ICR). THE VIN AND INCENTIVE CODE 'PPT' SHOULD BE INCLUDED WITH AN
EXPLANATION OF THE SITUATION.
H). UNLESS A VEHICLE IS PRICE PROTECTED ON THE INVOICE, THE DIVISION
REQUIRES THAT THE VEHICLE BE DELIVERED PRIOR TO PAYMENT OF PRICE
PROTECTION.
I). PRICE PROTECTION MUST BE REFLECTED ON BILL OF SALE AND CUSTOMER
ACKNOWLEDGEMENT AND/OR ASSIGNMENT FORM IS REQUIRED.
J). DEALERS ARE RESPONSIBLE TO VERIFY THE ACCURACY OF ALL PRICE
PROTECTION CREDITS.
K). DELIVERY DATA MUST BE RECEIVED PRIOR TO PAYMENT.
Keep in mind that the procedures I have refered to are just for
automatic price protection payment to the dealership (so they can pass it on to the buyer). Price protection can still be obtained in certain cases through an application process.
Based on the price protection guidelines, that have I been posting from, there are actually two types of price protection, "automatic" and "work hard at it".
Automatic has several requirements. The sold ordered must be taken before the price increase takes effect. The order must be placed in VOMS within a day of the price increase. It must be entered as a retail sold order with a buyers name and address. The car must be delivered as soon as possible. It must be delivered in the name and address of the buyer as listed on the order in VOMS. If all these take place then the dealership will automatically received credit for the increase in price from GM/Pontiac.
Work hard at it would be any situation that dosen't meet all the requirements for automatic. Because it is applied for manually, it requires more paperwork and it has to be completed correctly. There must be a buyers agreement with prices executed before the price increase date. The car must be delivered/sold at the old price. The buyers agreement/incentive acknowledgment must list the price protection. All that is submitted along with a special form to GM for consideration.
To make sure that you are price protected you will need at minimum, if the dealership will not be getting automatic price protection, if they will have to apply by paperwork:
1) A signed Purchase Agreement dated bfore the price increase and listing the old price.
2) The car delivered at the old price.
3) Signed Bill-of-Sale showing delivery at the old price.
4) Signed Incentive Acknowledgement form listing Price Protect as being recieved.
5) Signed Odometer Statement for the date of delivery.
It would help if there was Autobook print outs with the order information and pricing, dated before the increase. If the order was correctly in VOMS or Dealer Workbench as a Retail Sold order before the increase. If the car is delivered to the same name and address that it was ordered in.
Salespeople usually have not had to deal with a price protection situation, so buyers will have to go higher up to make sure they are protected.
Also, try to make a point of talking with your dealerships
before the car arrives, so everything can be worked out and the paperwork can be prepared properly.
Now last year some site members ran into this situation with price protection.
Quote:
Originally Posted by Small Dealer
I have thought of a situation where a dealership may believe that a otherwise qualified buyer should not get the benefit of price protection. If the sales agreement is for "MSRP" or "Sticker" but not a dollar amount. The dealership could feel that they are deserving of the new higher "MSRP" or "Sticker" price, since a dollar value was not promised.
In this case if ordered properly, the dealership will be receiving reinbursement for the price increase. So in effect they will be getting more then that said they would be willing to take for the sale.
Anyone in this situation should just tell the dealership that they know they are receiving the money and that it should be passed to you in the form of the lower older MSRP.
INFORMATIONAL POST ABOUT PRICE INCREASE AND PRICE PROTECTION PROCEDURES. NO REPLIES ABOUT IF THE INCREASE WAS NEEDED PLEASE. JUST PROCEDURE QUESTIONS. THANK YOU
OCTOBER 1ST UPDATE
GM has issued the 2007 year price protection policy guidleines for dealerships to follow and administer. They are the same as the 2006 guidelines.
Hopefully they will not have to be used. But also, lets hope that people learned that they should get their orders in to the dealerships, so they can get them into VOMS or Order Workbench. That way they will be price protected. Waiting to order until you are ready to wait in line, may have cost some site members a shot at the 2007 introductory pricing for both Solstice models.
The most important factor in applying for price protection, if not received automatically, is that the car
must be delivered at the old price. Second most important, and only follows if the most important is done, is that the paper work must reflect that the buyer received the benefit of the price protection. GM is not going to consider the application very fully, if the dealership didn't even give the benefit to the buyer. How would they credit the dealerships weekly account settlment,not knowing if the credit would be given to the buyer.
Quote:
CORPORATE PROGRAM NUMBER: 07-20
CORPORATE PROGRAM NAME: 2007 MODEL YEAR GM PRICE PROTECTION
PROGRAM
3. PROGRAM TIME PERIOD (DELIVERED):
OCTOBER 1, 2006 THROUGH OCTOBER 1, 2007
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