What Does GM Make on each Camaro sold??

[35th02ss]

I'd be willing to bet that GM is still in the red on this car. After you take into account the R&D, plant Etc etc.....

GM nor the dealer make alot of money anymore on these cars...

Here's one for you. GM LOST money on the Caviler (sp) on every car sold.

[AnnaBear@SpartaChevy]

Originally Posted by jrboyd_1980

lol Jim Know the feeling.. This customer yesterday believed that the dealership had $10k mark-up on every car. He was trying to tell me that an AVEO really only costs $3k. I explained to him that if I had $10k Mark-up I wouldn't be driving an 08 Cobalt around.....

Exactly the reason I typically stay out of these topics.

I have been in the car biz for over 5 years now. This is EXACLTY the reason I have NEVER divulged my pay to a customer...for their car deal or any other one. They would just never believe you anyway and no good could ever come of it.

[Jim Thompson]

Originally Posted by little_bank_robber

Exactly the reason I typically stay out of these topics.

I have been in the car biz for over 5 years now. This is EXACLTY the reason I have NEVER divulged my pay to a customer...for their car deal or any other one. They would just never believe you anyway and no good could ever come of it.

sometimes you just gotta though

take for instance when you have worked a deal and worked a deal and worked a deal and worked a deal (you get the idea:p) and they then ask for more....sometimes you just gotta say..."folks I am so far in this that its begining to cost me money...I dropped to $100 check about three weeks ago when we met for only the second time!" j/k kidding of course, cause youre right no one ever believes you.

[jrboyd_1980]

Here's an idea.. maybe if people have no actually experience in a topic they should just not give any advice on it.. Like the guy telling me that straw purchases were okay.... That's the one I got my signature quote from.

[Scrappy Doo]

I guess I don't see why this a major issue. Someone said it earlier, "Who cares how much GM, the dealers, or the salespeople make on the car." When I buy a new sled, I don't ask my dealer what he is making. Heck when I go to Chipotle, I don't ask how much they have into the burrito.....

If people only knew the markup on items..... The biggest scam of all: Clothing. Ever know what cost is on a nice tie? Jesus you would burn your money before you gave it to Nordstrom's etc.....

The car business is the same. Invoice, hold back, MSRP, etc are just ways to disguise and fluff the cost. As a consumer, it really isn't my business to know what they are making on items I buy. I just try to get the best deal on the item that I can. That means shopping around and finding someone that is willing to sell the item for less and to not make as much on it as another dealer.

My 2009 Ram that I got in Febuary of 2009 had a MSRP of $44,589 or something. That was the big number at the bottom of the sticker. I paid $32,500 for it. After my trade, I booted $11,500 at 0% for 48 months. (Hell why pay cash for it when your money can earn interest over that 4 years) So, If I had paid the MSRP for that truck that is a $12,000 difference between what I paid and what MSRP was. I highly doubt that Dodge, or the dealer, took a $12,000 paddling on that truck. The dealership gave me $21,000 for my trade and sold it in 2 days for $24,500.

Point of the story is this: Dealerships make money. I don't like people complaining that they don't make enough money. Everyone thinks they don't make enough. They made at least $3,500 on my trade plus whatever they made on my new truck. Total time in dealership, 2 hours.

I am just happy that dealers and salespeople are making money. Everyone has to make to money to make the world go around. They are a crucial cog in the machine that is GM, Dodge, Ford, etc. Thanks to the salespeople and to the dealers. (Well, some of them anyway.....)

[CamaroScotty]

I don't care....it's all peanuts compared to the I.T. money I was making...

But I am having MORE FUN THAN I EVER HAD IN ANY JOB. Like a Mastercard moment (no, not the doorbell one either).....it is PRICELESS!

[cliffy]

Originally Posted by Scrappy Door

I guess I don't see why this a major issue. Someone said it earlier, "Who cares how much GM, the dealers, or the salespeople make on the car." When I buy a new sled, I don't ask my dealer what he is making. Heck when I go to Chipotle, I don't ask how much they have into the burrito.....

If people only knew the markup on items..... The biggest scam of all: Clothing. Ever know what cost is on a nice tie? Jesus you would burn your money before you gave it to Nordstrom's etc.....

The car business is the same. Invoice, hold back, MSRP, etc are just ways to disguise and fluff the cost. As a consumer, it really isn't my business to know what they are making on items I buy. I just try to get the best deal on the item that I can. That means shopping around and finding someone that is willing to sell the item for less and to not make as much on it as another dealer.

My 2009 Ram that I got in Febuary of 2009 had a MSRP of $44,589 or something. That was the big number at the bottom of the sticker. I paid $32,500 for it. After my trade, I booted $11,500 at 0% for 48 months. (Hell why pay cash for it when your money can earn interest over that 4 years) So, If I had paid the MSRP for that truck that is a $12,000 difference between what I paid and what MSRP was. I highly doubt that Dodge, or the dealer, took a $12,000 paddling on that truck. The dealership gave me $21,000 for my trade and sold it in 2 days for $24,500.

Point of the story is this: Dealerships make money. I don't like people complaining that they don't make enough money. Everyone thinks they don't make enough. They made at least $3,500 on my trade plus whatever they made on my new truck. Total time in dealership, 2 hours.

I am just happy that dealers and salespeople are making money. Everyone has to make to money to make the world go around. They are a crucial cog in the machine that is GM, Dodge, Ford, etc. Thanks to the salespeople and to the dealers. (Well, some of them anyway.....)

Yours is a great scenario, you can bet the factory rebated back the dealers the difference of the 12k just to move product. Hurts the bottom line for the manufacturer but keeps product moveing.

I think it gets back to the OP's original question...............I think a car with say an MSRP of 30k costs the mfgr probably in the neighborhood of 15-17k to produce in real $ not including engineering and tooling. That has to be accounted for in the lifespan of the car. But just because they make that margin on a car does not mean overall profitability at all. It takes volume to keep the monolith lit, and in this economy, that is most likely lacking

[Blitz63]

Originally Posted by 67 Convertible

I know if the dealer sells for msrp they make $2k or less. I think on my car it was about $1,700.

But how much does GM corporate make per car?? The sticker on my car was $31.800. Does anyone know what it cost GM to actually make this car? I mean the actual profit after overhead, labor and parts. Do you think they bottom line $10k per car? More? Less?
Just curious....

A friend of mine was a union rep for GM. I was looking for the Impala SS at the time and was told the lowest I could get it for was like 23-24K. My buddy laughed and said it cost GM 12K to make it. I was going to get one and GM shut that line down....to make more profitable trucks!!! Side note my friend would ALWAYS drive a Ford to work just to tic management off...love him...lol...still my friend to this day.

[JerseyMonte]

Originally Posted by little_bank_robber

Ohhhh, how I wish you were correct. Unfortunately not the way it works! lol At least not here and not for the last 5 years that I've been in the car biz.

I will be waiting to hear if anybody knows how much $$ GM makes on each car sale. I have no idea. Should get some interesting answers.

A friend of mine sells at a GM dealership, not Chevrolet.
and told me there is a low profit margin on Camaros
I'm inclined to believe him he has nothing to gain
by BS'ing me

[cliffy]

Originally Posted by Blitz63

A friend of mine was a union rep for GM. I was looking for the Impala SS at the time and was told the lowest I could get it for was like 23-24K. My buddy laughed and said it cost GM 12K to make it. I was going to get one and GM shut that line down....to make more profitable trucks!!! Side note my friend would ALWAYS drive a Ford to work just to tic management off...love him...lol...still my friend to this day.

Annnnnnnnndd why would you necessarily trust a Union Rep to give you the straight dope on actual cost. They are always going to paint a skewed picture of how much the MAN is making.

Truth be told, inefficency and outright blunders of management and labor has a bearing on profitability. GM was firing on all cylinders in the 60's and 70's, they really lost their way in the 80's and 90's with turds like the Vega, Chevette, Citation, and Berretta. All were reactions to what they thought people wanted after the Oil Embargo. Truth is people just want something that looks good (the number 1 priority BTW), is within their budget as far as consumption and is reliable.

[JerseyMonte]

Originally Posted by ssump29

As a side note and off-topic, do you know that the salesman don't make any money off these new camaros. My salesman told me the off of my 38k plus 2SS he only made 175 dollars. Talk about being screwed, you sale a 40 grand car and only get 175 dollars for it. No wonder why they want to mark them up, so they can make so damn money.

Damn owners of this dealerships are just straight cheap. ok sorry just thought I would share that info.

I posted this in another thread about a month ago. So if you think they are making money like crazy you sir don't know the first thing about how business works. I work in the oil industry and everyone loves to tell me about MY business when they don't have a clue about the cost of doing business, but yet everyone tells me we most be pouring in the cash. Ohhh how I wish that was true.

A good friend of mine is construction manager at a local
Sun OIL refinery, about 6 months ago he said they weren't
doing well and they would make more profit buying fuel from
an outsource and selling it as a middle man.
My response was you are full of $#!+ with Sun showing
multi billions in profits, well guess what, the refinery laid off 400
employees a few weeks ago.

[madmaxx18]

Hey lol I never said I was giving advice. I thought the guy was just asking peoples opinions so I threw out what I thought dealers made. Never said I was a 100% sure so thats why I was saying don't call me stupid. I never wanted any dealers to actually come on here and post how much they really make because its none of our buisness. Would have been cool if guys just said that we where way off than post how much you actually make per car sold. I would have been happy with just that.

[Blitz63]

Originally Posted by cliffy

Annnnnnnnndd why would you necessarily trust a Union Rep to give you the straight dope on actual cost. They are always going to paint a skewed picture of how much the MAN is making.

Truth be told, inefficency and outright blunders of management and labor has a bearing on profitability. GM was firing on all cylinders in the 60's and 70's, they really lost their way in the 80's and 90's with turds like the Vega, Chevette, Citation, and Berretta. All were reactions to what they thought people wanted after the Oil Embargo. Truth is people just want something that looks good (the number 1 priority BTW), is within their budget as far as consumption and is reliable.

This wasn't just the local Shop Steward...this was the rep for the whole local plant. I know the man well ! He tells it like it is....good and bad ! My point is he credable(sp) and when he did tell me I wasn't asking, just talking with him as we were working on one of his vehicles.

[Blitz63]

Originally Posted by JerseyMonte

A good friend of mine is construction manager at a local
Sun OIL refinery, about 6 months ago he said they weren't
doing well and they would make more profit buying fuel from
an outsource and selling it as a middle man.
My response was you are full of $#!+ with Sun showing
multi billions in profits, well guess what, the refinery laid off 400
employees a few weeks ago.

Man thats bad news !!!! Wonder how they can buy the gas refined cheaper than refining it themselves??? Unless they are buying gas that was refined at say 50 a drum and they see oil going down from 78 a drum??? Did ya hear if Eagle point layed off ?