infinitely_better Posted June 12, 2006 Report Share Posted June 12, 2006 I have called 22 dealerships in Texas, Mississippi, and Tennessee... mostly smaller dealerships. Every single one has said the same thing. "Well, we're only getting [1-3], and the owner is getting the first (or only) one." While 22 isn't statistically significant enough to draw conclusions from, it is a pretty good sample, especially considering it was across dealerships in three states. It makes me wonder, what percentage of the 9,000 cars out there are going to go to dealership owners and/or their friends? Very, very obviously, they're not going to pay $10-$20K markups on their own cars at their own dealerships, or even $1 over invoice for that matter, so they're going to be getting very good deals. I'm quite sure, if nothing else, they could resell the car privately (in 6 months, as per their ford discount), and make quite a personal profit. so... I'm curious what people think. What % of the cars will be tied up in owners/friends, and what do people think about how "fair" that is. Link to comment Share on other sites More sharing options...
ratnacage Posted June 12, 2006 Report Share Posted June 12, 2006 I think the percentage of GT500's staying in the hands of dealer owners will be statistically insignificant. Link to comment Share on other sites More sharing options...
Niswonger Posted June 12, 2006 Report Share Posted June 12, 2006 My dealer is getting the fourth on the list. He doesn't think he will get his this year. #1 & 2 are employees, and one other local guy, I don't know, then the dealer. He still has a black Ford GT in the show room he doesn't want to sell. He was offered $180k for it a couple weeks ago and said no thanks. Link to comment Share on other sites More sharing options...
BoneDoc Posted June 12, 2006 Report Share Posted June 12, 2006 i got the same line from a dealer here in the Denver Area...... I don't think that overall many will do this, but there are some playing this game. As high as the current ADM is now, though, I think less dealers will consider this tactic.... too much money to pass up. Link to comment Share on other sites More sharing options...
JETSOLVER Posted June 12, 2006 Report Share Posted June 12, 2006 I don't think that overall many will do this, but there are some playing this game. As high as the current ADM is now, though, I think less dealers will consider this tactic.... too much money to pass up. As much as I would like to believe that they know and would enjoy the car, I have seen to much of human nature to invest in that mentality. Perhaps as this is Fords real halo car(GT is just to far out for most Ford buyers) they hope to generate some traffic via it. And if they are thinking to speculate on some pie in the sky value, I pray Ford builds another 18k units and makes those dealers cry like they got cornholed by a wire brush. I really wish someone would break cover at SVT and tell us how it feels when you work overtime to engineer and fight a 500+ hp car past all the weenies, based on stated company values centering on value, only to have the retail end pump the car into the rareified price level that would have been a lot easier to engineer to. Would the car have the same mystique if it based at say 55k? Link to comment Share on other sites More sharing options...
BudFord Posted June 12, 2006 Report Share Posted June 12, 2006 As much as I would like to believe that they know and would enjoy the car, I have seen to much of human nature to invest in that mentality. Perhaps as this is Fords real halo car(GT is just to far out for most Ford buyers) they hope to generate some traffic via it. And if they are thinking to speculate on some pie in the sky value, I pray Ford builds another 18k units and makes those dealers cry like they got cornholed by a wire brush. I really wish someone would break cover at SVT and tell us how it feels when you work overtime to engineer and fight a 500+ hp car past all the weenies, based on stated company values centering on value, only to have the retail end pump the car into the rareified price level that would have been a lot easier to engineer to. Would the car have the same mystique if it based at say 55k? At our dealership it will be 50-50 The first one to one of the owners friend and the second is yet to be determined. Up to $8K over, but dealership is holding off for $10K over. NO one has commited--but i think that i may be committed soon. to the hospital that is. Bud I have called 22 dealerships in Texas, Mississippi, and Tennessee... mostly smaller dealerships. Every single one has said the same thing. "Well, we're only getting [1-3], and the owner is getting the first (or only) one." While 22 isn't statistically significant enough to draw conclusions from, it is a pretty good sample, especially considering it was across dealerships in three states. It makes me wonder, what percentage of the 9,000 cars out there are going to go to dealership owners and/or their friends? Very, very obviously, they're not going to pay $10-$20K markups on their own cars at their own dealerships, or even $1 over invoice for that matter, so they're going to be getting very good deals. I'm quite sure, if nothing else, they could resell the car privately (in 6 months, as per their ford discount), and make quite a personal profit. so... I'm curious what people think. What % of the cars will be tied up in owners/friends, and what do people think about how "fair" that is. It will be 50-50 at our dealership--first to one the owners friends and the secong to be determined. Link to comment Share on other sites More sharing options...
Five Oh B Posted June 12, 2006 Report Share Posted June 12, 2006 The owner of our dealership has no interest in buying a GT500. He's a skier and bicyclist and needs the versatility that a bigger vehicle offers. He drives a Ford Freestyle AWD Limited. His wife has an Expedition. For summertime cruising he has a 1966 Mustang Convertible (but he rarely drives it). Fairly simple folk around here. Link to comment Share on other sites More sharing options...
rpretzel Posted June 12, 2006 Report Share Posted June 12, 2006 Being very small, my dealer will probably get just one GT500 and it's all mine. Link to comment Share on other sites More sharing options...
infinitely_better Posted June 12, 2006 Author Report Share Posted June 12, 2006 Well, you can add 3 more dealerships to my list. I called 3 dealerships in Arkansas today. All three said the same thing. They paid for the certification to get 1 car, and the owner is buying it. IF (unlikely, but if) they get another one, it'll go out for the public. I was amazed that one dealership is still taking money for the privilege of being put on a list of bidders for their imaginary car. IF they get a car in, people who have paid will be allowed to bid on it. Why sell the car to make money when you can make money AND keep the car? I also like the approach of 1 dealership in TX. They get 2, and the owner has dibs on #1, of course, and the 2nd is up for grabs. But here's the catch, all gt500 inquiries in the dealership have to go through 1 guy (not the owner). He's telling people not to buy the car, and wait until next year when the prices are lower. If you insist, he gives you a list of other dealerships in the area. While that's absolutely true (lower prices later), I can't help but wonder who's going to get their other car then? I think the underlying factor here is greed, and greed is more than getting the most money. It also includes keeping all the toys for yourself. As for the statistical significance... 5 more dealerships, and I'll have a statistically significant sample to base some conclusions on... Granted, it'll be limited to small town dealerships in southern states, but that just happens to be where I am. Link to comment Share on other sites More sharing options...
jrichard Posted June 12, 2006 Report Share Posted June 12, 2006 I've called a lot of dealerships. Only a few have told me the owner is keeping the car if they're only getting one. Quite a few have told me the owner is keeping one of an allocation of 2-3, but that the owner will keep one of the later cars or one from next year since the dealership can get so much more money on the first cars before the frenzy dies down. A couple have told me that a car is going to an owner's friend...but they've both been with ADM (at least that's what I was told). It's just that the friend moves to the top of the list an might not pay quite as much as someone off the street. Remember, if the dealer thinks he can get $10k ADM and he sells it to his buddy for MSRP...it's the same as giving his buddy a $10k gift. He might as well discount an f-150 at cost minus $10k to get popular with his buddies. I guess it makes sense, though, that there might be a greater number of small town/small dealer owners keeping one of the first cars for themselves...I think it refelcts less sophistication. If I owned a dealership and wanted one of these cars, I certainly would not keep an early car...I probably wouldn't keep an 07 period. As a dealership owner, passing up a 10k ADM is the same as paying $10k ADM (well, not exactly since you have to take into account the tax wedge...) Link to comment Share on other sites More sharing options...
BudFord Posted June 12, 2006 Report Share Posted June 12, 2006 Well, you can add 3 more dealerships to my list. I called 3 dealerships in Arkansas today. All three said the same thing. They paid for the certification to get 1 car, and the owner is buying it. IF (unlikely, but if) they get another one, it'll go out for the public. I was amazed that one dealership is still taking money for the privilege of being put on a list of bidders for their imaginary car. IF they get a car in, people who have paid will be allowed to bid on it. Why sell the car to make money when you can make money AND keep the car? I also like the approach of 1 dealership in TX. They get 2, and the owner has dibs on #1, of course, and the 2nd is up for grabs. But here's the catch, all gt500 inquiries in the dealership have to go through 1 guy (not the owner). He's telling people not to buy the car, and wait until next year when the prices are lower. If you insist, he gives you a list of other dealerships in the area. While that's absolutely true (lower prices later), I can't help but wonder who's going to get their other car then? I think the underlying factor here is greed, and greed is more than getting the most money. It also includes keeping all the toys for yourself. As for the statistical significance... 5 more dealerships, and I'll have a statistically significant sample to base some conclusions on... Granted, it'll be limited to small town dealerships in southern states, but that just happens to be where I am. Heck--i handle these at our dealrship and i sure has heck wouldn't tell anyone to wait--i get paid for what i sell this car has brought out the crazies on all ends--- Link to comment Share on other sites More sharing options...
gt500hp Posted June 12, 2006 Report Share Posted June 12, 2006 I have called 22 dealerships in Texas, Mississippi, and Tennessee... mostly smaller dealerships. Every single one has said the same thing. "Well, we're only getting [1-3], and the owner is getting the first (or only) one." While 22 isn't statistically significant enough to draw conclusions from, it is a pretty good sample, especially considering it was across dealerships in three states. It makes me wonder, what percentage of the 9,000 cars out there are going to go to dealership owners and/or their friends? Very, very obviously, they're not going to pay $10-$20K markups on their own cars at their own dealerships, or even $1 over invoice for that matter, so they're going to be getting very good deals. I'm quite sure, if nothing else, they could resell the car privately (in 6 months, as per their ford discount), and make quite a personal profit. so... I'm curious what people think. What % of the cars will be tied up in owners/friends, and what do people think about how "fair" that is. Well you are right on the money with your research. I also live in the south and took the same approach calling 82 dealerships with essentially the same reply.... The dealer gets the 1st GT500 and "there's a list of people in line for any others we might get". There were two dealerships that said no mark up, however they are being sold to very dedicated customers who have a history locally of buying several cars. Link to comment Share on other sites More sharing options...
gt500hp Posted June 12, 2006 Report Share Posted June 12, 2006 Well you are right on the money with your research. I also live in the south and took the same approach calling 82 dealerships with essentially the same reply.... The dealer gets the 1st GT500 and "there's a list of people in line for any others we might get". There were two dealerships that said no mark up, however they are being sold to very dedicated customers who have a history locally of buying several cars. In addition to the above research, I found out that many dealerships were taking names and having an auction to see who the highest bidder might be. Others were just stating that the mark-up was between 10k-20k., and they will just go down the list until there was a buyer. I did not find even one dealer with only a 25k markup. The most common response was, " we have already sold the cars for this year". It got very discourging making all the phone calls, however, the good news is that I actually did find a very small town dealer that was certified who agreed to selling me a GT500. They just didn't realize this car was going to create such a demand.... I feel extremely fortunate to have lucked into this deal! Needless to say, it was ordered immediately, priority 10 and I have received my DORA, paid for it, and now I"m just waiting for delivery. There is still hope for those who beat the bushes. Well you are right on the money with your research. I also live in the south and took the same approach calling 82 dealerships with essentially the same reply.... The dealer gets the 1st GT500 and "there's a list of people in line for any others we might get". There were two dealerships that said no mark up, however they are being sold to very dedicated customers who have a history locally of buying several cars. In addition to the above research, I found out that many dealerships were taking names and having an auction to see who the highest bidder might be. Others were just stating that the mark-up was between 10k-20k., and they will just go down the list until there was a buyer. I did not find even one dealer with only a 25k markup. The most common response was, " we have already sold the cars for this year". It got very discourging making all the phone calls, however, the good news is that I actually did find a very small town dealer that was certified who agreed to selling me a GT500. They just didn't realize this car was going to create such a demand.... I feel extremely fortunate to have lucked into this deal! Needless to say, it was ordered immediately, priority 10 and I have received my DORA, paid for it, and now I"m just waiting for delivery. There is still hope for those who beat the bushes. Link to comment Share on other sites More sharing options...
gt500hp Posted June 14, 2006 Report Share Posted June 14, 2006 HERE'S MY PLATE...CAN'T WAIT! Link to comment Share on other sites More sharing options...
Alloy Dave Posted June 14, 2006 Report Share Posted June 14, 2006 HERE'S MY PLATE...CAN'T WAIT! As RUF would say...put down the lighter and back away from the bong. :wacko: Link to comment Share on other sites More sharing options...
gt500hp Posted June 14, 2006 Report Share Posted June 14, 2006 As RUF would say...put down the lighter and back away from the bong. :wacko: Just learning, give me a break... Link to comment Share on other sites More sharing options...
Alloy Dave Posted June 15, 2006 Report Share Posted June 15, 2006 Just learning, give me a break... Was just funnin' with ya dude. Nice license plate...now just hope they don't announce that the horsepower has increased in final certification to 505HP. Link to comment Share on other sites More sharing options...
gt500hp Posted June 15, 2006 Report Share Posted June 15, 2006 Yeah.....Well I wouldn't mind if they increased the HP. I'm finally getting the hang of this posting pictures and stuff. Link to comment Share on other sites More sharing options...
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