[travwill]

The profit margin on the resales are going down, down, down with every one sold!
I feel Bad for the Flippers who are waiting for their delivery of the Hummer, NOT!!!!!!!!!!!!!!!

ah hopefully the acceptance rate of orders will drop then. I believe everyone with edition 1 reservation has verified and ordered…

BUT, if a person doesn’t take delivery of their order, the dealer has to pass it to the next reservation holder in line right?

 

[INgolfer]

ah hopefully the acceptance rate of orders will drop then. I believe everyone with edition 1 reservation has verified and ordered…

BUT, if a person doesn’t take delivery of their order, the dealer has to pass it to the next reservation holder in line right?

I think that’s when the dealers are keeping them and then selling for the high margin they aren’t passing it along to the next reservation holder.

 

[Tom E-Tron]

I think that’s when the dealers are keeping them and then selling for the high margin they aren’t passing it along to the next reservation holder.

Ya, many dealers are greedy, and the General Manager gets their bonus on margins, so of course they want to stretch margins as far as possible.

I contacted the owner of a local Cadillac Dealer to discus with her my ordering experience on the Lyriq, I totally caught her off guard, she had no idea what the General Manager was doing on Lyriq pre orders, and assured me she will look into it. She was aware GM wants the EV's sold at MSRP, and plans to comply, but her greedy General Manager trying to get a bigger bonus was behind the markups. I think this is true at most dealerships, the owners let the General Manager run the store, and do not see the day to day operational stuff, owners are more looking at the spreadsheets and profitability, so when a dealer tries to mark up a car, especially EV, the customers should contact the dealership owner first. The internal staff will try to isolate the owner, so you often have to use tax records and google to find them. It took me 15 minutes to find all the information on our local Cadillac dealership owner, and contact her.

 

[Jbartu]

Not tempted. I've had ridiculously high offers and every friend said "take the money, fool!" But it's too cool, and I'm having lots of fun with it. I like having a unique vehicle that most everyone wants but most can't have (unless they pay high premiums). I bought a cool truck, not an investment.

I'm with you. I'm really enjoying this truck and wouldn't sell it for $300k...

 

[tommy]

This Hummer EV Edition 1 sold for a ridiculous $260,420 on Cars and Bids! With prices like this has anyone been tempted to sell their truck?

2022 GMC Hummer EV Pickup Edition 1 - 1,000 Horsepower, Tri-Motor AWD, Removable Roof Panels, CrabWalk Mode

This 2022 GMC Hummer EV Pickup Edition 1 is for sale on Cars & Bids! Auction ends April 27 2022.

carsandbids.com

Prices are what the market is allowing. Hummer did sell out in 10 mins. I have 3 hummer Ev in stock. In response to one of the earlier threads about the market getting better, I don't think so. In the car biz for 30 years and thought i've seen it all, this however is way different. China has basically shut down for the last month and the news has so much other craziness that they are not reporting on this much. It is and will continue to limit production of vehicles for years and years. There is no quick fix to this and the problem has yet to even been stopped let alone start to rebound.

 

[Litshopofguitars]

How in the world do you have 3 Hummers in stock? Don't you have reservations for those?

 

[Tom E-Tron]

How in the world do you have 3 Hummers in stock? Don't you have reservations for those?

New Account and Outlandish Claims, are usually BS, I would say that is a safe assumption here.

 

[Littleshopofguitars]

New Account and Outlandish Claims, are usually BS, I would say that is a safe assumption here.

Got it!!!

 

[Pdghummer]

Does anyone have suggestions of how to sell the Edition 1? I dont think these forums work, and I know eBay is an option, but any other suggestions from what y’all have been seeing? I cant afford to keep mine so even though its an amazing truck, I gotta sell. Thanks!

 

[Tom E-Tron]

Does anyone have suggestions of how to sell the Edition 1? I dont think these forums work, and I know eBay is an option, but any other suggestions from what y’all have been seeing? I cant afford to keep mine so even though its an amazing truck, I gotta sell. Thanks!

Cars and Bids, but better hurry, it looks like Hummer resale value is dropping fast, the current one has only pulled $171K with 20 minutes to go...

2022 GMC Hummer EV Pickup Edition 1 - 1,000 Horsepower, Tri-Motor AWD, Removable Roof Panels, Illumination Package

This 2022 GMC Hummer EV Pickup Edition 1 is for sale on Cars & Bids! Auction ends May 13 2022.

carsandbids.com

 

[BigJonEV]

Cars and Bids, but better hurry, it looks like Hummer resale value is dropping fast, the current one has only pulled $171K with 20 minutes to go...

2022 GMC Hummer EV Pickup Edition 1 - 1,000 Horsepower, Tri-Motor AWD, Removable Roof Panels, Illumination Package

This 2022 GMC Hummer EV Pickup Edition 1 is for sale on Cars & Bids! Auction ends May 13 2022.

carsandbids.com

You think it crosses over $200k on this one?

 

[travwill]

You think it crosses over $200k on this one?

probably, all the actions starts in the last few mi utes and then timer keeps adding so it drags out a bit. Prob like 220-230 again I’d bet.

the new toy or having the first effect will start to wear off.

 

[BigJonEV]

probably, all the actions starts in the last few mi utes and then timer keeps adding so it drags out a bit. Prob like 220-230 again I’d bet.

the new toy or having the first effect will start to wear off.

I'm thinking maybe $205 to $215

 

[Pdghummer]

It does say it has a scratch so that may be scaring off people who understandably want a blemish free truck if they’re paying that amount

 

[Tom E-Tron]

I'm thinking maybe $205 to $215

I think around $200K and for @travwill the auction that extends time is called a "Soft Close Auction"

 

[BigJonEV]

Doubt it. I think @Dark-Fx auction said his needed a windshield or something to that effect and still brought $235k

 

[BigJonEV]

I think around $200K and for @travwill the auction that extends time is called a "Soft Close Auction"

two minutes, not sure if we will even see $200k now

 

[BigJonEV]

well that escalated quickly. a $20k over current bid.

 

[Tom E-Tron]

well that escalated quickly. a $20k over current bid.

There are a lot of bidders

 

[BigJonEV]

They all just came out of the woodwork. We were way off