Todd Wenzel GM in Grand Rapids, MI wants $310,000 or best offer for this Hummer EV Edition 1.
Would anyone be offended if I tried to sell my edition 1 for $45k after I take delivery? There are limited data points on value and maybe I believe cars still depreciate.Ridiculous !!!
I would. Cars depreciate (certainly not that quickly), but you're happily ignoring that supply and demand exists.Would anyone be offended if I tried to sell my edition 1 for $45k after I take delivery? There are limited data points on value and maybe I believe cars still depreciate.
I completely agree. This is not like the people hoarding sanitizer at the beginning of the pandemic. Nobody needs a hummer, I repeatWould anyone be offended if I tried to sell my edition 1 for $45k after I take delivery? There are limited data points on value and maybe I believe cars still depreciate.
Point is, I’ll never understand why people get mad about people selling/buying at a price that both parties agree to. If I’m willing to sell at market price, and it’s a high number, that’s labeled “ridiculous” in bold red.
If I’m willing to sell at $45k, is that labeled “ridiculous”? Maybe I just need to move the vehicle and I don’t care about money. Or will it also not be fair because you want be the one buying it “cheap”
Sometimes I sell a stock when it’s up a lot. Sometimes I sell a stock when it’s down a lot. Sometimes I keep in either scenario. Should the NYSE block my sales when I’m making a profit like some are recommending GM blocking hummer sales?
Sorry but the enthusiast vs collector ownership argument does nothing for me. People don’t get preferential treatment bc of their intent when purchasing goods. Plus, they are the same person: some one that really wants the object.
Sorry for the morning rant. I’ll get off my high horse and continue hitting refresh on my inbox waiting for an update on delivery.
I agree with you, it would be completely ridiculous to sell at $45k for the reason that it completely ignores supply-demand. so then is just selling the car ridiculous? at any price?I would. Cars depreciate (certainly not that quickly), but you're happily ignoring that supply and demand exists.
I suspect the dealer is selling it under consignment. The way the Hummer program was structured I don't think they were allowed to keep the vehicle if the customer turned it down. Of course all it takes is the customer buying it with a consignment agreement already in place.People get upset about it because, it sets a precedent. Just like when a dealer puts an ADM on particular vehicle, it makes that vehicle un reachable for some (Those are the ones that get upset).
I totally understand it. It makes me angry because the cars are expensive enough at MSRP to pay more because a dealer wants to gouge the customer for the short term profit just isn't right IMHO!
You want to buy it and sell it at a profit because of supply and demand, that sucks, but it is what it is, no one can stop you. It is the people with a lot of money that actually cause this to happen.
You think a guy with a 10 million dollar bank account and wants a Hummer EV or a Z06 Corvette cares if he pays $50 grand or more over MSRP, no he doesn't, it just makes it harder on the rest of us.
I can afford to pay the ADM's but I won't, It's a matter of principle, and yes sometimes I lose. EX: in 2005 when Ford came out with the GT, the dealer right next door to me wanted $50,000 over sticker, I would not do it, I stuck to my principles. Hindsight...I'm the loser now, those cars are going for $400,000 +!!!!!
Do you think someone would actually pay $200,000 over MSRP for the Hummer EV? I would like to shake that guys hand and say, what do you do for a living...LOL!
No dealer is marking up a new Hummer like that, this was sold to a customer and re-listed, or GM would be having high level tales with that dealership.There is a difference between a dealer whose job is supposed to take the car and sell it trying to scalp (and really isn’t necessary imho) and someone who buys a car finds out it can be sold for more and makes a profit. Again no one needs this car there is nothing wrong with making a profit. I don’t think the majority of us got these reservations with the intent or making money. Either I’m getting my car or someone willing to pay 200k is going to get it, no one else ever had a chance so no one should be bothered because my hummer is going to be mine first and I can do whatever I wish.
Dealers know GM can cut their allocations of premium vehicles at any time, and GM set the holdback as the entire dealer profit of the Hummer, customer gives a bad satisfaction survey, dealer gets nothing @BigJonEV , is this somewhat accurate?It’s not the dealer selling it. I do wonder why dealers are being so compliant with the no markups rule if they don’t legally have to. I’m hoping GM is saying something along the lines of “you are unnecessary and should not exist so sell it at msrp or we will make you extinct”.