This should be no surprise. Took advantage of the Pandemic to inflate prices and blame it on “Supply Chain Issues”.
As for “Market Adjustment”. Surprisingly manufacturers seem out of the loop for Market Adjustment”
GM doesn’t care if you sell the vehicles at MSRP, Above or Below. As long as GM gets paid from the individual dealer. That is up to the dealer if they want to sell at MSRP or Below and pass ythe costs on to other departments, or future customers.
Perfect Example…2022 Stock unit…Tahoe Z51 with Pretty much all Z71 equipment load outs except for adding the 6.2. $10 Market Adjustment” due to the popular 6.2 availability. December 1 comes along….remember this is the outgoing MY and almost the end of the year. November still shows ”In Transit”. with no ETA. Vehicle finally arrives on lot December 1st but they still wanted the $10K markup. Then…….“Vehicle sold due to Internal Communicatin Error”.
Mule Muffins…they knew exactly what was going on. For me at least it actually worked out. I saved the markup…(negotiated down to $1500 with Costco and GM Military credit. Dealer didn’t take deposit, again my benefit.
I wwaited about six days and found a 2023 Custom Ordered Back out. 2023 Premier NO Markup and was able to upgrade to Premier, still kept the 6.2 but got about $3K more of vehicle trim level upgrade and lower APR. After the newer MY, more features and the lower APR, the payment was within about $25.
The only sacrifice I made was the 23 was my third of three color choices but the added features made it easier to marinate on.
The production is slowly coming back and yes still shortages but again starting to recover. The used vehicle Trade In Values (TIV) are starting to tank already. UNless you drive the trade in on cement blocks and on fire then don’t let dealers bully you into paying “Market Adjustment”. AND Lowballing your TIV. Walk if necessar…no pun intended but you get the idea. Shop around and don’t waste a credit pull until you know the vehicle you want is on property or within a known one-two week window.
Dealers think customers arent following the market. They are trying to keep used vahicles artifically high, extremely lowball trade value and word doesn’t get out………It just did!