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#71 |
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Account Suspended
Drives: '11 Mustang GT Premium Join Date: Oct 2010
Location: Kaiserslauthern, Germany
Posts: 1,268
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Who counts fleet sales? Nobody?
This is done for every vehicle model? This is done every month? In every country? If they were to do it the way you suggest then it is possible for the dealer to run dry. Waiting on dealer feedback is not the way to keep shelves stocked. The dealer must request additional cars to be shipped based on his invetory.. Sale deliveries are at invoice, not MSRP.. this is fact... Camaro's invoice is about $2000 dollars under MSRP, I would think that profits were the same under invoice... the average profit last year per vehicle was about $1000 dollars (Ford/GM). |
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#72 |
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1st Civ. Div.
Drives: Camaroless for now...RIP "Big SexZ" Join Date: Dec 2007
Location: Savannah, Ga
Posts: 2,729
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MSRP and Dealer Holdback info along with Dealer floorplan financing:
http://www.wisegeek.com/what-is-msrp.htm The MSRP of a vehicle does not include taxes, registration, transportation to the dealership and other miscellaneous fees. While most people expect to get a discount off the MSRP, when all of the extraneous charges are added in, the price "out the door" might be close to, or even higher than, the MSRP. In fact, MSRPs used to be set fairly high, which allowed a good-sized discount, but in recent years the trend has tended towards setting the MSRP closer to the actual market value. Depending on the model and the demand, it is not unusual today to pay full MSRP at a dealership, plus the miscellaneous charges. http://www.edmunds.com/car-buying/dealer-holdback/ Dealer holdback is a percentage of either the MSRP or invoice price of a new vehicle (depending on the manufacturer) that is repaid to the dealer by the manufacturer. The holdback is designed to supplement the dealer's cash flow and indirectly reduce "variable sales expenses" (code words for sales commissions) by artificially elevating the dealership's paper cost. Dealerships must have an inventory on hand so that consumers can browse and ultimately select a vehicle. Dealerships must pay for this inventory when it is obtained from the manufacturer, and the amount the dealer pays is the price reflected on the invoice from the manufacturer to the dealer, the so-called "invoice price." Now the twist: with the introduction of holdbacks some years ago, most manufacturers inflated the invoice prices for every vehicle by a predetermined amount (2-3% of MSRP is typical). The dealer pays that inflated amount when it buys the car from the manufacturer. But later, at predetermined times (usually quarterly), the manufacturer reimburses the dealer for that excess amount. This is the "holdback," so named because funds are "held back" by the manufacturer and released only some time after the vehicle is invoiced to the dealership. Why the sleight-of-hand you might ask? Because holdbacks can benefit dealers in three ways: Dealerships borrow money to finance cars based on an invoiced amount that includes the holdback. So the higher the invoiced amount, the more the dealership can borrow from its lender. Inflating the dealership's "cost" can have the effect of increasing profit, since sales personnel are paid commissions based on the "gross profit" of each sale. Holdbacks have the effect of lowering the gross profit and thus the sales commissions. Holdbacks enable dealerships to advertise "invoice price" sales and sell their vehicles at or near invoice and still make hundreds of dollars on the transaction. http://money.cnn.com/2009/08/31/smal....smb/index.htm A typical floor plan loan is a revolving credit line that a dealership uses to purchase vehicles. As the cars and trucks sell, the dealership pays down the loan. Sorry for helping to hijack this thread, it was not my intention to do so.
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Swift....Silent....Deadly
Last edited by RLHMARINES; 03-01-2011 at 07:33 PM. |
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#73 | |
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Turning wrenches
Drives: 2011 Camaro SS By Berger 11BC21 Join Date: Jul 2009
Location: Nor Cal
Posts: 1,340
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Quote:
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Sold-2006 Pontiac GTO
M6 1 of 475 353rwhp 353rwtq Sold-2000 Camaro SS A4 Hardtop #867 of 8913 1 of 103 Bright Rally Red Hardtop SS A4 in 2000 1 of 25 and only SIM Camaro By Berger in 2011 year, 2011 Camaro 2SS/RS M6 By Berger #11BC21 |
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#74 | |
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Account Suspended
Drives: '11 Mustang GT Premium Join Date: Oct 2010
Location: Kaiserslauthern, Germany
Posts: 1,268
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Quote:
Thanks for doing the work for me... What Are Holdbacks For? Dealerships must have an inventory on hand so that consumers can browse and ultimately select a vehicle. Dealerships must pay for this inventory when it is obtained from the manufacturer, and the amount the dealer pays is the price reflected on the invoice from the manufacturer to the dealer, the so-called "invoice price." |
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#75 | |
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WHO DAT
Drives: 2011 IOM Camaro Join Date: Jan 2010
Location: New Orleans, LA
Posts: 14
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Quote:
All those months that GM advertised they had paid back their loans in full was a complete lie. The only reason I bought my Camaro was because I love the car, not the company. |
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#76 | |
![]() Drives: 2010 Camaro 2SS RS Join Date: Jan 2011
Location: Michigan
Posts: 60
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Quote:
1) As deliveries to dealer or other party. This is for internal tracking of sales and financial accounting purposes. 2) As deliveries to the ultimate customer. Retail data provided by dealer networks. Fleet data provided by fleet deliveries. This data is used in press releases from all manufacturers. It's a metric used by the financial industry for analysis of the auto industry. |
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#77 |
![]() ![]() Drives: 2011 Camaro 2LT/RS CGM M6 Join Date: Jul 2010
Location: Ontario
Posts: 815
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...and the Camaro population keeps growing.
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2011 Chevrolet Camaro 2LT/RS Cyber Gray Metallic
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#78 | |
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Account Suspended
Drives: '11 Mustang GT Premium Join Date: Oct 2010
Location: Kaiserslauthern, Germany
Posts: 1,268
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Quote:
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#79 | |
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Account Suspended
Drives: 2010 Camaro 2SS/RS 6MT Join Date: Apr 2010
Location: Westchester, New York
Posts: 3,715
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Quote:
Precisely, some people have a hard time accepting facts and truths. |
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#80 | |
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Account Suspended
Drives: '11 Mustang GT Premium Join Date: Oct 2010
Location: Kaiserslauthern, Germany
Posts: 1,268
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Quote:
We should get a look at the new car sometime next year.. Then both the 5th Gen and S197 will be laughed at... |
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#81 |
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Account Suspended
Drives: '11 Mustang GT Premium Join Date: Oct 2010
Location: Kaiserslauthern, Germany
Posts: 1,268
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#82 |
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Go Blue!!!!!
Drives: 2012 Cruze LT Join Date: Mar 2009
Location: Indiana
Posts: 23,290
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#83 | |
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Account Suspended
Drives: 2010 Camaro 2SS/RS 6MT Join Date: Apr 2010
Location: Westchester, New York
Posts: 3,715
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Quote:
The point is this car is fresh and strikingly beautiful to the point where it has completely owned the Mustang and by the numbers has won more fans than the Mustang. If the next generation Camaro is as good as this one it will out sell the mustang gain. The even bigger point is that the Camaro is now KING and the Mustang must now play catch up. Just accept it man and like I said maybe you guys will win it back next round, but this one is ours
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#84 |
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I used to be Dragoneye...
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♫ ♫ Why, oh why did this thread get off track...why, oh why can that be?? ♫ ♫
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