[littlecammi]

1) "If sold orders are not submitted during this early ordering period, is there a risk the production guide (number allocated to the dealer) will be lost?

No. The production guide is not dependent upon the number of sold orders submitted. In fact, dealers can opt not to submit any customers’ orders during this period, and submit stock orders during the traditional order submission periods."

WHAT THIS MEANS: If a dealer would rather order Camaros for stock and then hold them in his showroom for ransom to the highest bidder once production starts, the dealer cannot submit the orders on October 13th. But the dealer will have other opportunities before production starts to place orders for dealer stock, up to the number allocated to the dealer. Dealers looking to price gouge over sticker like this option, since it will get them unsold Camaros in their showroom when other dealers don't have any. This allows them to charge thousands over sticker to people with money who didn't pre-order but "want it now".

2) "If bona fide sold customer orders are submitted in excess of the production guide number, will additional shipments be provided to cover these orders?

No. The goal of the production guide was to provide a preview of expected estimated shipments. The option of submitting orders in excess of the assigned production guide number is solely that of the dealer. Future allocation will be based on a fair and equitable equation, not on the number of sold orders submitted to GM."

WHAT THIS MEANS: Each dealer is only going to be able to order the number of Camaros allocated to his dealership. If a dealer takes more deposits than his number of allocations, GM will not honor any of the excess orders until that dealer receives additional allocations. Furthermore, GM will not take into account how many excess orders a dealer has when they release future additional allocations. If a dealer only has 4 allocated to start (intended to cover through the 3rd quarter of 2009) and takes 20 deposits, GM will ignore his 16 excess orders when computing the next allocations (for the balance of 2009) and may only allocate another 4 to that dealer, leaving the dealer with 12 customers waiting for Camaros the dealer can't even order from GM during the entire calendar year of 2009.