When will 2011 incentives really get interesting?? [Archive] - Diesel Place : Chevrolet and GMC Diesel Truck Forums

: When will 2011 incentives really get interesting??


tonytheplumber
07-01-2011, 06:45 PM
I am upgrading to a 2011 this year and am curious if anyone may know when, historically, the incentives will get pretty aggressive for 2011s. I have only checked on Edmunds.com for current incentives, and I don't believe they listed details on how much for a particular engine since they usually differ from gas to diesel. Looks like right now it's $3005.00 plus $750 bonus cash. I did see that they were offering "up to" $6000 off of 2010s, but I'm looking at 2011s. If there's a good chance of seeing stronger incentives in August or September, I'll hold out. But if it's gonna be more like around December, than I'm not gonna wait.

Are current incentives listed anywhere besides edmunds.com??

Grimtas
07-02-2011, 10:56 AM
Current incentives are listed on the GM website. As for now the $3005 plus $750 bonus cash expires 5 July 11. Talking with the dealer yesterday when I signed my contract to take advantage of the extra $750, they speculate the $750 will go away but the $3005 will remain for a while longer, it's been running now for about 3 months.

As for further agressive incentives here's an article from early June that may help you make an informed decision.

Bloomberg

GM Will Idle Michigan, Indiana Plants to Pare Truck Supply
June 17, 2011, 4:28 PM EDT
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By Craig Trudell

(Updates share trading in final paragraph.)

June 17 (Bloomberg) -- General Motors Co. will idle U.S. truck plants for two weeks in July as the automaker pares inventory of pickups and prepares the factories for output of 2012 model year vehicles.

GM’s Flint assembly in Michigan will shut down for the weeks of July 4 and July 11, said Tom Wickham, a spokesman for the Detroit-based automaker. Production at Fort Wayne assembly in Roanoke, Indiana, also will stop during those weeks, said Orval Plumlee, president of United Auto Workers Local 2209, which represents hourly workers among the factory’s more than 3,300 employees.

The two plants make Chevrolet Silverado and GMC Sierra pickups. GM’s truck inventory was 288,000 units at the end of May, up from 275,000 on April 30. The inventory included 258,000 units of large trucks, or 110 days supply, Don Johnson, GM’s vice president of U.S. sales, said on a June 1 conference call. The industry standard is about 60 days supply.

“GM is rightly being quite careful about building products into the summer months and not getting caught with an excess amount of prior model year inventories,” said Michael Robinet, an analyst at IHS Automotive in Northville, Michigan. “They’re going to be careful not to build too much of the older model year vehicles and have to discount them heavily in the face of having newer model year vehicles on the same lot.”

Adjusting Inventory

Mark Reuss, president of GM’s North American operations, said at a June 3 conference that the inventory of trucks was acceptable in the short term and wouldn’t prompt a surge in discounts.

“We’re not going to run big incentives to clear inventory,” Reuss said on Mackinac Island in northern Michigan earlier this month. “We’ll adjust inventory on a production basis.”

GM also makes large trucks in Arlington, Texas, and Silao, Mexico. Those plants will continue normal production while Flint and Fort Wayne are down, Chris Lee, a GM spokesman, said in a telephone interview.

The company’s deliveries in May fell 1.2 percent to 221,192 vehicles, the Detroit-based company said in a June 1 statement. While Johnson said GM is “not anticipating tremendous growth” in the U.S. truck segment, sales may rebound in the second half due to seasonal factors and pent-up demand.

GM rose 41 cents, or 1.4 percent, to $29 at 4:01 p.m. in New York Stock Exchange composite trading. The shares are down 21 percent this year.

--With assistance from David Welch and Keith Naughton in Detroit and Mark Clothier in Atlanta. Editors: Niamh Ring, Cecile Daurat

To contact the reporter on this story: Craig Trudell in Detroit at ctrudell1@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net

Shasta
07-02-2011, 12:00 PM
The $3005 has been around for a month or two at least. The $750 is an additional for the holiday and goes away on Tuesday. I have received at least three "private offer" coupons directly from GM in the last couple of months that are good for another $1500.00. They expire on 7/5 as well.

They aren't transferable, but you might ask the dealer if he will add that discount on if you have another GM vehicle.

I don't expect the offers to get much better, and at least around here stock is getting pretty thin for 2011's.

cheddy
07-02-2011, 05:14 PM
I am in the same boat as you tonytheplumber. The current incentives seem pretty good but I do wonder if they will get better if I wait.

I have never bought a brand new truck from a dealer, how much off from sticker would be considered good?

I am looking at LTZ gassers with stickers of 43k to 48k. The dealers in my area will knock off about 2k from MSRP. Then the $3005 and $750 or 0% for 60 months.

If you have a business they have something called business choice which gets you some free accessories worth around a grand list.

Grimtas
07-02-2011, 05:47 PM
I am in the same boat as you tonytheplumber. The current incentives seem pretty good but I do wonder if they will get better if I wait.

I have never bought a brand new truck from a dealer, how much off from sticker would be considered good?

I am looking at LTZ gassers with stickers of 43k to 48k. The dealers in my area will knock off about 2k from MSRP. Then the $3005 and $750 or 0% for 60 months.

If you have a business they have something called business choice which gets you some free accessories worth around a grand list.
Only $2k off sticker is a terrible deal. There's a http://www.dieselplace.com/forum/images/misc/sticky.gif STICKY: Getting a good deal on a new truck. (http://www.dieselplace.com/forum/showthread.php?t=197087) posted that will give you some great insight into the process.

I just ordered mine at the beginning of June. I've bought several brand new cars/trucks in my lifetime and can atest that the information put together in the sticky works.

I will put out there that I never attempt to gain on a deal from the dealer holdback. You won't have very good success with it either unless you buy new cars/trucks frequently from the same dealer.

Use the on-line sites that give you the "Invoice" pricing and work towards sticker from there. Your always in better shape if you order vs. accepting something on the lot, unless they have it configured exactly the way you want it or one is close by.

My usual tatic is I'll pay anywhere from $200 - $500 above invoice, I refuse to pay dealer prep, Unless I ordered a dealer installed option, depending on the invoice amount the higher the invoice the lower I'm willing to go over. Remember the dealer is always making money based off the holdback. Doing this and applying rebates will usually put you right at or under invoice out the door, meaning taxes and/or title & License fees.

My latest purchase came out well below invoice out the door including sales taxes, after the rebates were applied.

If the dealer doesn't want to work with you, just leave and find another.

DON'T talk to the floor sales people, instead ask to speak with either the Fleet Manager or New Car Sales manager and only work numbers with them. Don't worry about the floor sales they will get their take from the sale, but your goal is to make the dealership pay them from the hold back instead of your financing.

Hope that helps

cheddy
07-03-2011, 11:30 PM
Thanks for the link to the sticky, I had never noticed that before and it was full of good insight.

Does anyone know if the reorganization at GM would have changed any of the numbers we should be looking at since 2008?

tonytheplumber
07-04-2011, 10:07 AM
After I read that sticky and messed around on edmunds.com to get a feel for how the pricing worked and get familiar/comfortable with the numbers it makes much more sence now. I have a good feel for how I can shoot an offer to my dealer, and as it has been said, if they won't deal i'll go somewhere else. Fortunately, I live in the Chicago area and the amount of dealers within a 50-75 mile radius is pretty high.

I really thought that if I was to order a truck that the dealer would have my hands tied as far as pricing and if I wanted to really haggle price it would have to be with what they had on the lot. Now from what I'm reading here the order process affords the same bargianing ability as buying from dealer stock, including incentives. No?? Now that brings up a new question: When dose GM stop production of 2011s, and if production has already stopped when/if I decide to order rather than purchasing dealer stock then what is the pricing difference on 2012s?

Grimtas
07-04-2011, 10:43 AM
Glad I could help out. Another thing to remember is dealers want to sell you a truck and will do almost anything to get you one. Don't talk numbers, if you decide to order a truck, until you've spoken with fleet or new car sales manager and have spec'd out the truck. They will do this in GM Global connect with you sitting in the office, ask to see the screen or a print out of the end result. It will show both Sticker and Invoice pricing. Only then start talking numbers. Don't get too hung up on a few $100 if it will break a good deal, it don't make sense to argue $1-300 on a $40-60K truck.

As for production on the 2011's GM shuts down the first two weeks of July on 2500 and 3500 trucks to begin the retooling for 2012's model years if necessary. If not they are shut down anyway. Here's a recent production schedule to give you an idea of how long they will still build the 2011's. Aug 15 GM begins building the 2012's.

http://i245.photobucket.com/albums/gg50/tsardi/silverdo_1012.jpg

tonytheplumber
07-04-2011, 11:27 AM
Glad I could help out. Another thing to remember is dealers want to sell you a truck and will do almost anything to get you one. Don't talk numbers, if you decide to order a truck, until you've spoken with fleet or new car sales manager and have spec'd out the truck. They will do this in GM Global connect with you sitting in the office, ask to see the screen or a print out of the end result. It will show both Sticker and Invoice pricing. Only then start talking numbers. Don't get too hung up on a few $100 if it will break a good deal, it don't make sense to argue $1-300 on a $40-60K truck.

As for production on the 2011's GM shuts down the first two weeks of July on 2500 and 3500 trucks to begin the retooling for 2012's model years if necessary. If not they are shut down anyway. Here's a recent production schedule to give you an idea of how long they will still build the 2011's. Aug 15 GM begins building the 2012's.

http://i245.photobucket.com/albums/gg50/tsardi/silverdo_1012.jpg
Did you happen to notice that there are no crew cab diesels listed on there at all:eek:. I hope that was an oversite.

Grimtas
07-06-2011, 02:06 PM
FYI the $750 Bonus cash expired yesterday, Looks like the current incentives till 9/6/11 are back to 0% 60 months or $3005 Customer cash, matching the Pre 6/28 incentives.

cheddy
07-06-2011, 11:57 PM
Has anybody ever used the credit union member discount?

I was on the Chevy website and my credit union was listed so I filled out the info they wanted and was given an authorization number.

While logged on I checked the price on a truck I am interested in and it came up with a "preferred price" that was about $2600 off MSRP.

I am guessing that if you go this route that will be your total amount off from MSRP and the dealer will not contribute in addition but you may get the $3005 off as well. Will talk to dealer about it to find out.

tonytheplumber
07-07-2011, 09:05 AM
What's the story with only being able to talk with the sales manager or fleet manager?? Are they the only ones that won't have their comission effected by accepting an offer which leaves less money on the table?? I'm just curious.

And another question. I bought my 04 duramax truck, and an 08 3/4 ton GMC van new for my company, so I have received plenty of private offer coupons over the past years for new vehicles, which I have discarded since I was not in the market for a new vehicle. Now, of course, I am and could really use one of those coupons. Does anyone think that shooting an email to GM, and displaying my customer loyalty to them while asking for a private offer coupon might have a snowballs chance in hell of actually working??

Grimtas
07-07-2011, 09:35 AM
What's the story with only being able to talk with the sales manager or fleet manager?? Are they the only ones that won't have their comission effected by accepting an offer which leaves less money on the table?? I'm just curious.

And another question. I bought my 04 duramax truck, and an 08 3/4 ton GMC van new for my company, so I have received plenty of private offer coupons over the past years for new vehicles, which I have discarded since I was not in the market for a new vehicle. Now, of course, I am and could really use one of those coupons. Does anyone think that shooting an email to GM, and displaying my customer loyalty to them while asking for a private offer coupon might have a snowballs chance in hell of actually working??

Talking only to the Fleet/Sales manager only takes out the middle man, IE they are the people that will set/agree to the final price anyway. I only use them from the start as I don't like playing silly number games with the floor sales staff running back and forth wasting my time. As for the customer loyality coupons, if you don't have one now, you could ask the fleet/sales manager to look up your company in GM Global connect for any additional coupons. If there are any it will be in the system and is extra to the current incentives.

tonytheplumber
07-07-2011, 11:24 AM
I would figure any coupons issued to me would have expired, no? I know when I bought either the van, or the truck the dealer gave me some coupon type of thing that saved me $1000 I believe, that was supposedly issued to them in limited quantities. I was just figuring the squeeky wheel gets the grease so if I shot an email to GM and made them aware that I own 4 GM vehicles between personal and business, and that I am in the market for a new one that they may throw me a bone. Figure it's worth a try anyway. But what you are saying, is that they have record of these coupons and they may honor them based on said record?

Grimtas
07-07-2011, 11:48 AM
it's worth a quick call to any GM dealer, ask for the sales manager, and have them look you up in global connect. It may be faster then an email to GM, worth a shot.

tonytheplumber
07-07-2011, 01:28 PM
That sounds easy enough for sure. Next issue will be selling my current truck. Don't think I'll have any luck on this board since it seems everyone on here hates LLYs. Craigslist and Ebay here I come!

sydscrew
08-06-2011, 05:06 PM
This site gives all car and truck incentives on North American built vehicles.

https://www.wheels.com/public/Reference/Fleet-Vehicle-Incentives.aspx

I use it when interested in what is offered by all manufactures when shopping for a new truck.

There is a lot of good information on this site aside from incentives