What does dealerships lose on GMS pricing? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

qdz21 · 05-18-2009, 01:59 PM

I've search through numerous threads trying to find out wheather or not dealerships take a hit when honoring GMS. I'm a Credit Union Member and would like the GMS discount, but understand why I wouldn't receive it if dealerships get nothing in return. I've heard different stories about dealerships getting half the money back or 100 backs ect. Does anyone know the facts?

Scotty, I would love for you to put in your $.02

RPO_Z28 · 05-18-2009, 02:04 PM

He loses the difference between MSRP and the final price after getting back his money from GM. To the dealer, it's pretty much like getting invoice for the car.

2010SSRS · 05-18-2009, 02:06 PM

Quote:

Originally Posted by qdz21

I've search through numerous threads trying to find out wheather or not dealerships take a hit when honoring GMS. I'm a Credit Union Member and would like the GMS discount, but understand why I wouldn't receive it if dealerships get nothing in return. I've heard different stories about dealerships getting half the money back or 100 backs ect. Does anyone know the facts?

Scotty, I would love for you to put in your $.02

also, Credit Union Discount and GMS are different............big time. GMS is Employee Discount.

Vash · 05-18-2009, 02:10 PM

Hum I don't know if that money is flowing. From what I hear it's not, even parts & service money is supposed to be hard to get from GM corporate right now. There is no money for stuff.

Please correct if wrong.

qdz21 · 05-18-2009, 02:46 PM

Quote:

Originally Posted by RPO_Z28

He loses the difference between MSRP and the final price after getting back his money from GM. To the dealer, it's pretty much like getting invoice for the car.

So the dealer gets absolutely nothing back? I've heard there is around a 1600 profit on these cars if sold at MSRP so if a dealership honors the Credit Union Discount and it saves me $1100 the dealership make $500 on the vehicle and get nothing from the Credit Union or GM?

Sorry for the redundant questions, I just want to make sure I understand this completely.

qdz21 · 05-18-2009, 02:47 PM

Quote:

Originally Posted by 2010SSRS

also, Credit Union Discount and GMS are different............big time. GMS is Employee Discount.

Do you know what the Credit Union Discount might be?

camaroincarolina · 05-18-2009, 03:02 PM

I emailed GM customer service about the discount and they said they did not know if it is available on the Camaro.....this was a few weeks ago......so even they don't know. I am a member of 2 credit unions and nobody seems to be able to say yes to any discount on this car.

live2well · 05-18-2009, 03:29 PM

Its each dealers choice whether to honor employee or supplier discounts (credit union). As far as whether the dealer makes money on it is up for grabs. I have yet to read where a dealer gives us all the variable involved in such a transaction. So it is really hard for us customers to tell if they are making anything. I would suggest that they are making money on it but not much. Part of my rational behind this is that dealers seem to be very secretive about how much they make on these type of deals.

I dont see why it is so hard. Each program has its predetermined spread. Seems to me that it would be an easy figure to divulge.

2010SSRS · 05-18-2009, 04:02 PM

Quote:

Originally Posted by camaroincarolina

I emailed GM customer service about the discount and they said they did not know if it is available on the Camaro.....this was a few weeks ago......so even they don't know. I am a member of 2 credit unions and nobody seems to be able to say yes to any discount on this car.

shoot CamaroScotty a pm............he'll know. he posted an application to get the Credit Union Discount.

RPO_Z28 · 05-18-2009, 04:37 PM

I guess my answer wasn't accurate enough. Sorry.

jimbo57 · 05-18-2009, 05:18 PM

I think you explained tersely enough...........Moe.

JDBeck23 · 05-18-2009, 05:29 PM

Quote:

Originally Posted by camaroincarolina

I emailed GM customer service about the discount and they said they did not know if it is available on the Camaro.....this was a few weeks ago......so even they don't know. I am a member of 2 credit unions and nobody seems to be able to say yes to any discount on this car.

One of my banks has a program, it was about 700 off of MSRP was the discount, I found a dealer that would do that discount or GMS, but my order just went to 3000 today, so im not changing.

beausbriggs · 05-18-2009, 05:30 PM

I was trying to get clarification on this as well with no success.

If the dealer makes $1600 on MSRP, then what I'd like them to do for me is let me use the GMS (as is should reduce their invoice), and then I will make up the difference in profit... they still get the $1600, and I get it below MSRP (although above GMS).

Where am I going wrong?

RPO_Z28 · 05-18-2009, 05:35 PM

Quote:

Originally Posted by jimbo57

I think you explained tersely enough...........Moe.

Nyuk, nyuk...

05-18-2009, 01:59 PM	#1
qdz21 Drives: Black 02 Z28 Vert Sold Join Date: May 2009 Location: McDonough, GA Posts: 32	What does dealerships lose on GMS pricing? I've search through numerous threads trying to find out wheather or not dealerships take a hit when honoring GMS. I'm a Credit Union Member and would like the GMS discount, but understand why I wouldn't receive it if dealerships get nothing in return. I've heard different stories about dealerships getting half the money back or 100 backs ect. Does anyone know the facts? Scotty, I would love for you to put in your $.02

05-18-2009, 02:04 PM	#2
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,748	He loses the difference between MSRP and the final price after getting back his money from GM. To the dealer, it's pretty much like getting invoice for the car. __________________

05-18-2009, 03:29 PM	#8
live2well Drives: 2010 VR 2SS/RS A6 Join Date: Oct 2008 Location: Odenton, MD Posts: 688	Its each dealers choice whether to honor employee or supplier discounts (credit union). As far as whether the dealer makes money on it is up for grabs. I have yet to read where a dealer gives us all the variable involved in such a transaction. So it is really hard for us customers to tell if they are making anything. I would suggest that they are making money on it but not much. Part of my rational behind this is that dealers seem to be very secretive about how much they make on these type of deals. I dont see why it is so hard. Each program has its predetermined spread. Seems to me that it would be an easy figure to divulge. __________________ Intelligence plus character that is the goal of true education. BrianC. :flag2:

05-18-2009, 04:37 PM	#10
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,748	I guess my answer wasn't accurate enough. Sorry. __________________

05-18-2009, 05:18 PM	#11
jimbo57 Drives: 2010 SS, '06 EQUINOX, 72 MONTE Join Date: Oct 2008 Location: NEWYORK Posts: 99 View My Garage	I think you explained tersely enough...........Moe. __________________ don't overstay your welcome, or you won't be welcome to stay over.

05-18-2009, 02:10 PM	#4
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,104	Hum I don't know if that money is flowing. From what I hear it's not, even parts & service money is supposed to be hard to get from GM corporate right now. There is no money for stuff. Please correct if wrong.

05-18-2009, 03:02 PM	#7
camaroincarolina Drives: 1SS Aqua Blue Metallic Join Date: Apr 2009 Location: SC Posts: 252 View My Garage	I emailed GM customer service about the discount and they said they did not know if it is available on the Camaro.....this was a few weeks ago......so even they don't know. I am a member of 2 credit unions and nobody seems to be able to say yes to any discount on this car.

05-18-2009, 05:30 PM	#13
beausbriggs 2G1FT1EW3A9113560 Drives: 2010 Camaro SS/RS Join Date: Mar 2009 Location: DC Area Posts: 170	I was trying to get clarification on this as well with no success. If the dealer makes $1600 on MSRP, then what I'd like them to do for me is let me use the GMS (as is should reduce their invoice), and then I will make up the difference in profit... they still get the $1600, and I get it below MSRP (although above GMS). Where am I going wrong? __________________ *2SS/RS LS3 CGM/Black* 2G1FT1EW3A9113560 1000, Dealer Order (4.06.09) 1100, Preliminary order accepted (04.09.09) 2000, Order accepted by GM (4.16.09) 3000, Order accepted by production control (4.21.09) 3100, Order available to sequence (5.14.09) 3300, Order scheduled for production (5.14.09) 3400, Order broadcast (5.21.09) 3800, Order produced (5.29.09) 4000, Available to ship (5.29.09) 4200, Shipped (5.29.09) 4800, Rail Ramp Unload (5.30.09) 5000, Delivered to the dealer (6.10.09) 6000, Delivered to the customer (6.11.09)

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