07-30-2010, 06:30 AM
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#297
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Drives: 2010 SS RS
Join Date: Jun 2009
Location: Providence, RI
Posts: 8,108
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Quote:
Originally Posted by OverZeaLouS
they are doing it for a second year run of, more markups. its kool that people love the camaro so much, but there will be a HUGE PENALTY being so desperate to get this car. this is my issue. last year they built 150,000 camaros and sold like 135,000ish... so theres like 15000ish 2010's on lots along with a large amount of 2011 models.
the 2011 models will most likely be marked up again while the 2010s will run MSRP. the consumer is EXTREMELY STUPID for one HUGE reason. Buying at those markups will kill you in the end. 6 or a months from now 2010 true market used car values will surface. by that time i see over 200,000 camaros on the street. There is no way these cars will retain value. ANYONE making 60mo or 72mo car payments will be destroyed if they have to make sudden financial change. i dont see 2010 SS'being worth more than 25k by the end of next year and v6's will be pretty worthless unless you bought a 2lt. Maybe?
I been searching used camaros and tons have liens on them according to autocheck. When the used car market floods with repos the car is destined to depreciate drastically. just like escalade buyers. you guys will be extremely angry if and when you need or want to sell or trade.
This is going to affect GM negatively as well, causing the same problem that got them in the bailout situation in the first place.
They need to:
1) Get rid of the ls,1lt and 1ss. (to reduce build costs)
2) add more features (like make rs package and stereo upgrade standard) and reduce options.
3) raise base prices raise the v6 to start at $31k, SS at $36k, Z/28 $41k
4) build 100,000 total units and thats it.
5) End pre-orders to ensure better build quality
6) bring interior a little more up to spec.
greed kills, lessons havent been learned on GM's part.
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Wow! Just Wow! LOL These are the worst ideas ever. I think GM knows what it's doing. The only people who care about resale value are the idiots who shouldn't have bought the car to begin with and the Camaros used value was already reevaluated and RAISED once. I buy to own. Not rent for a year or so and get hammered. Thanks for bringing back an ancient thread. Any more irrelevant info to bring up? :notheadlights:
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Mods: BBK Intake, BBK LT's and High Flow Cats, Corsa Cat-back exhaust, Hurst short throw shifter, SLP skip-shift eliminator.
7/1/09 Placed order for IOM/IO int/ SS/RS 6M
9/26/09 Took delivery!
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