Any dealers willing to comment on how much they pay for their cars and how much they make by selling at MSRP?
Several variables determine the gross margin between dealership invoice cost and MSRP. Dealership state, equipment/options, programs, and advertising assesments all factor in.TOY4TWO said:Any dealers willing to comment on how much they pay for their cars and how much they make by selling at MSRP?
Not counting any hold back (which I think is somewhere around 2.5% of MSRP) or incentives back from GM, the difference between invoice and MSRP on an almost loaded (no On-star, or satalite Radio) is about $1700.TOY4TWO said:Any dealers willing to comment on how much they pay for their cars and how much they make by selling at MSRP?
Actually we gave gripe to them too. The Mods had to hose down several threads from resellers. We're looking out for the little guy! :devil:kingarthur said:For whatever it's worth, if you just calculate according to dealer's cost
(from Kelly www.kbb.com) and spread with MSRP, the dealer's profit for a no option Solstice was, as I remember, around $1500, and if the buyer selected every single option, the profit was around $2000. Kelly's shows the markup for each individual option. Now you see the reason why dealers don't like to sell a car at MSRP ans then watch the owner resell and make two or three
times the profit the dealer did. And people on this blog have actually
griped about dealers charging over MSRP but not those buyers who resell.
Too bad edmunds.com doesn't buy or sell cars.FloridaSol said:If you want a good price go to edmunds.com
It will give you invoice and MSRP based on the options you choose. I have found the numbers to be very accurate (within a buck or two of what the dealers have).
tweety said:Regardless of the maker, if you can be satisfied paying X-amount for a certain car then what does it matter how much they are making?