Price gouging on 2010 Camaro already beginning!

[Moose]

Originally Posted by TAG UR IT

It's kinda worrying be that so many people say they want to wait. I wonder if that could have an effect on GM.

I believe as we get closer to the actual date when we can order a new Camaro, and begin seeing the coverage in magazines, newspapers, of the production model, whatever hype was lost will return.

This car looks to be so amazing, both physically and mechanically, that IMO, it'd be very unlikely that there won't be a clammoring by the enthusiasts to own one right away.

Ed

[LowRider]

Tag I can't agree more I will probably wait a year or two to "try" to get one depending on how I am doing at work. But I want to wait for the SS or Z28 version to come out.

[ChevyNut]

I am guessing that the SS or Z28 will be offered as an option the second year of production. Just like they made anyone who wanted a Z06 wait till the second year to obtain the high end Corvette.

[TAG UR IT]

Originally Posted by ChevyNut

I am guessing that the SS or Z28 will be offered as an option the second year of production. Just like they made anyone who wanted a Z06 wait till the second year to obtain the high end Corvette.

I think there should be all 3 models to choose from. I think there will be 2 V6's, a Z28, and the SS (don't know which of the last two will be the top model). I heard they are trying to do 2/3 V6's, and the rest Z's and SS's. I can not honestly say that would be correct in the production percentages, but feel it will be somewhere around there. I can't see them only coming out w/ V6 coupes the first year. A lot of people would be ticked off w/ that one.

I hear a rally sport w/ the higher end V6 in the near future...

[ChevyNut]

Im not saying that they will only have v6's the first year. I am speculating that they will be using the 5.3 as a base V8 option with the 6.2 as the Z and SS.

[TAG UR IT]

Sorry. I guess I'm confused. You think they won't offer the 6.2 until the 2nd year w/ only offering the 5.3 the first year? Or they won't offer the Z28 and SS until the 2nd year of production? Confused.

[ChevyNut]

What im speculating is that the Z and SS will have the 6.2 in them and will not be an option untill the second year of production. The first year they will have a base V8 being the 5.3. Which if I am right that makes me happier because it will give me an extra year to save up cash for mine. Hard to save money for me im a 20 year old college student.

[rotwiler]

The current LS2 has been out for a few years, so I am sure by the time the Camaro comes out it will have at least the LS2 for the Z28, maybe a RS with the 5.3, but I can't see GM making anything more than 3 engines(v6 and 2 LSx's) the Ls7 would be great, but the cost of the engine alone would but the price of the Camaro into Z06 range.

[vegas2009]

So what would a V8 Model cost? I'm sorry but I'm lost in the MSRP stuff. What is a fair price?

[TAG UR IT]

Well...there's no set price as of yet. But, Ed Peper has been quoted as saying the V8 would be hopefully a shade under 30K if not a couple dollars over.

[Mr. Wyndham]

Originally Posted by TAG UR IT

Well...there's no set price as of yet. But, Ed Peper has been quoted as saying the V8 would be hopefully a shade under 30K if not a couple dollars over.

And I would have to assume, looking at the G8, that it would be similarly well equipped.

[stovt001]

If you can get a very well equipped V8 full size sedan (auto ac, upgraded sound, and freaking everything but leather and sunroof standard) for under 30, then I don't think we'll have a problem getting a V8 Camaro for around 30 or less.

[TAG UR IT]

Could you imagine how MANY Camaros they would sell at 30K fully loaded??? I want a (I know this is going to sound off or bad to some of you) luxurious muscle car....a go fast car w/ all the goodies. If I can get that for 30K, I'm going to be a happy man....and so will hundreds of thousands of other guys (and gals!!).

[The_Stache]

Read the signature...

that is all

[stovt001]

Yup I want a bit of luxury in mine too. Leather, auto AC, sunroof, and maybe the upgrade sound system. If the pricing for that follows closely to the price of a similarly equipped G8, I will be very happy.

[vegas2009]

Man 30K wouldnt be to bad for a loaded V8! I'm 23 and would be able to do that in about a year or so.

[deluke]

Originally Posted by ChevyNut

I am guessing that the SS or Z28 will be offered as an option the second year of production. Just like they made anyone who wanted a Z06 wait till the second year to obtain the high end Corvette.

I believe that the SS will be offered the first year. ( 2009 )

[The_Blur]

Originally Posted by TAG UR IT

Could you imagine how MANY Camaros they would sell at 30K fully loaded??? I want a (I know this is going to sound off or bad to some of you) luxurious muscle car....a go fast car w/ all the goodies. If I can get that for 30K, I'm going to be a happy man....and so will hundreds of thousands of other guys (and gals!!).

If that happens, I'll never get one! Imagine the waiting list!

[TAG UR IT]

^Yeah...I know...But it will be at an affordable price for a lot of people and GM will be raking in the money. I'd REALLY hate the wait, but I'd eventually get mine.

[Emher]

Okay, had to share this. I saw my first booking ad online today for the 5th gen. And sure it's not a dealer I've heard about and they dn't seem that serious to start now already (haven't head of ANYONE else here doing that yet), but this is nuts. It's at 560 000 SEK, which when converted back into USD is about 88 500 USD. Even if you did convert it back compensating for import costs it's still at 56 000 USD and that's way too much!

[makarovnik221]

Lord, how I wish they taught basic economics in school! The first thing you geniuses need to realize is that there is no such thing as "Price Gouging." In a free enterprise economy, people pay what they feel something is worth. If people need gasoline and are willing to pay 5, 6 or 7 dollars a gallon, then that is what that commodity is worth to them. If I charged $10 a gallon for gas, and no one felt that it was worth it to them, no one would buy the gas and I'd have to lower my prices to a level that people thought was correct, or I wouldn't be in business very long. If someone wants to pay $25,000 more than MSRP, then that is his prerogative. That's why the $1500 my father paid in 1971 for a Toyota Corolla won't get me much today, because people have agreed to pay more over the years for their cars, because they feel the cars are worth it. Come on, people, learn some economics!

[GSX]

Originally Posted by makarovnik221

Lord, how I wish they taught basic economics in school! The first thing you geniuses need to realize is that there is no such thing as "Price Gouging." In a free enterprise economy, people pay what they feel something is worth. If people need gasoline and are willing to pay 5, 6 or 7 dollars a gallon, then that is what that commodity is worth to them. If I charged $10 a gallon for gas, and no one felt that it was worth it to them, no one would buy the gas and I'd have to lower my prices to a level that people thought was correct, or I wouldn't be in business very long. If someone wants to pay $25,000 more than MSRP, then that is his prerogative. That's why the $1500 my father paid in 1971 for a Toyota Corolla won't get me much today, because people have agreed to pay more over the years for their cars, because they feel the cars are worth it. Come on, people, learn some economics!

Also Supply and Demand plays a role as well.

[Pencil.Fight]

Originally Posted by makarovnik221

Lord, how I wish they taught basic economics in school! The first thing you geniuses need to realize is that there is no such thing as "Price Gouging." In a free enterprise economy, people pay what they feel something is worth. If people need gasoline and are willing to pay 5, 6 or 7 dollars a gallon, then that is what that commodity is worth to them. If I charged $10 a gallon for gas, and no one felt that it was worth it to them, no one would buy the gas and I'd have to lower my prices to a level that people thought was correct, or I wouldn't be in business very long. If someone wants to pay $25,000 more than MSRP, then that is his prerogative. That's why the $1500 my father paid in 1971 for a Toyota Corolla won't get me much today, because people have agreed to pay more over the years for their cars, because they feel the cars are worth it. Come on, people, learn some economics!

I disagree with your statements.

I paid $3.09 for gas yesterday. Do I think the gas was worth $3.09? No, I don't. Do I think that I would lose my job if I was unable to drive to work? Yes, I do. Was paying $3.09 per gallon worth not losing my job? Yes, I believe it was.

I understand what you are saying about the Camaro, and it has been said before in the "How much are you willing to pay above MSRP?" thread. However, gas is not a frivolous commodity as some my consider the Camaro to be. The majority of the population in developed countries rely on gas to survive and make a living.

As the subject of this forum and thread is the Camaro, I will leave the gas discussion at that.

Princeton defines Price Gouging as "pricing above the market when no alternative retailer is available". This is exactly what this thread is referring to. Dealerships who recognize that the Camaro will be in short demand and prospective buyers will have few choices as to where to buy their car may decide to raise their prices above what Chevrolet has already set the price at. It is within their power to do so, and it is in means illegal or even immoral to do this.

"In a free enterprise economy, people pay what they feel something is worth."

However, the purpose of this thread is to discuss those dealers who choose to sell their vehicles at an unpopular price. Those of us who do not feel owning the Camaro right away is worth the prices that these dealers are demanding will wait until the price gouging is over and the prices settle down to what we deem reasonable. Or, if we're lucky, we may have a dealership close by who has some Camaros in stock and is asking a price that we do feel the Camaro is worth. In that case, our business will go to the dealer who we do not feel is gouging us.

[stovt001]

There are plenty of alternatives to filling your own car up with gas though (just as there are plenty of alternatives to buying a Camaro as soon as it comes out). Gas demand is relatively inelastic, but not completely inelastic.

[KILLER74Z28]

Originally Posted by makarovnik221

Lord, how I wish they taught basic economics in school! The first thing you geniuses need to realize is that there is no such thing as "Price Gouging." In a free enterprise economy, people pay what they feel something is worth. If people need gasoline and are willing to pay 5, 6 or 7 dollars a gallon, then that is what that commodity is worth to them. If I charged $10 a gallon for gas, and no one felt that it was worth it to them, no one would buy the gas and I'd have to lower my prices to a level that people thought was correct, or I wouldn't be in business very long. If someone wants to pay $25,000 more than MSRP, then that is his prerogative. That's why the $1500 my father paid in 1971 for a Toyota Corolla won't get me much today, because people have agreed to pay more over the years for their cars, because they feel the cars are worth it. Come on, people, learn some economics!

Oh how I wish people would before they post... :bangdesk:

price gouging

noun

pricing above the market price when no alternative retailer is available