Tomster
Beware of idiots
- Thread starter
- #1
Hello everyone,
First, this is not one of those "look what I got" (R posts). Congrats not necessary, but thank you. The point of this story is what I have been suspecting for some time now. The GT350 market has softened and the R market is starting to change.
My story..... Back in May of 2016, I placed an order after I was able to find an allocation after excruciating searches and failed attempts around the country. I happened to find one at my local dealer, after a buyer backed out. The market at that time was averaging 20K ADM all day long.
Fast forward to oldmachguy's post that Flat Rock was to produce a total of 1,000 R models in the 2017 MY. There have been sporadic reports of deals in the 10's and 5's and a few at MSRP.
Recently, there was a post here on the forum that a dealer in the Tampa area had a triple yellow GT350R for sale at 5k ADM. At the time, I had an allocation from my local dealer for a 10K ADM. I contacted the Tampa dealer and was told the car would be sold to me for a 5K ADM. I called my local dealer and explained the situation. I was told they would match the 5K ADM. I agreed. I passed on the triple yellow R at 5K over.
Yesterday, I texted the salesman at the dealership to inquire about the fate of the triple yellow R. I was told it was still available. I offered MSRP. It was rejected. Eventually it was agreed upon for a 2K ADM.
I posted a thread inquiring about trade in vs private sale. It was debated back and forth, but it was close enough to just trade my 2016 Track Pack in and be done with it. As much as I hated to see the car go, it was a no brainer to get a good trade value and an R at 2K.
Today I lined up all the details and packed up the track pack 350 and headed to the Tampa area. It was hard saying goodbye to a car that was very good to me, but we wrapped up all the details and I left with HR361. A thankful and special shoutout to [MENTION=22907]dron_jones[/MENTION] for the heads up and lead on this R.
Now, for all of you "this isn't real without any pics" folks, here you go.
The only hiccup today was that they could not find the splitter. I was told that a new one was on order and as soon as it arrives, it would be sent fedex to me.
Again, the point of this story is that the prices of R's are coming down. This car has been on the radar here on this forum for a while now. It is my understanding that the car was the subject of other threads and on other boards. Nobody bought it at 5k. Without batting an eye, my dealer agreed to lower my 10K ADM to 5K.
With all that said, the part that matters is the dealers have to re-learn the supply and demand aspect of the R market. I think it is safe to say that they are all in a form of denial and wishful thinking. I recently had a long layover in south Florida and called a lot of dealers around the country. I got more of the same. 20K..... bla bla bla. As these cars sit, reality will have to set in sooner or later. The car I bought today sat for 2 1/2 months.
My advice is be persistent. Don't give up if you want one of these. As time goes on, I believe that the prices will fall at dealers who were asking unreasonable ADM's.
Now, with that being said, a lot of this is contingent upon what happens in MY 18. Full year? Short year? 1000 R's 100? This bit of information will dictate where the R market will go. I wish I could say more, but my crystal ball is in the shop.
First, this is not one of those "look what I got" (R posts). Congrats not necessary, but thank you. The point of this story is what I have been suspecting for some time now. The GT350 market has softened and the R market is starting to change.
My story..... Back in May of 2016, I placed an order after I was able to find an allocation after excruciating searches and failed attempts around the country. I happened to find one at my local dealer, after a buyer backed out. The market at that time was averaging 20K ADM all day long.
Fast forward to oldmachguy's post that Flat Rock was to produce a total of 1,000 R models in the 2017 MY. There have been sporadic reports of deals in the 10's and 5's and a few at MSRP.
Recently, there was a post here on the forum that a dealer in the Tampa area had a triple yellow GT350R for sale at 5k ADM. At the time, I had an allocation from my local dealer for a 10K ADM. I contacted the Tampa dealer and was told the car would be sold to me for a 5K ADM. I called my local dealer and explained the situation. I was told they would match the 5K ADM. I agreed. I passed on the triple yellow R at 5K over.
Yesterday, I texted the salesman at the dealership to inquire about the fate of the triple yellow R. I was told it was still available. I offered MSRP. It was rejected. Eventually it was agreed upon for a 2K ADM.
I posted a thread inquiring about trade in vs private sale. It was debated back and forth, but it was close enough to just trade my 2016 Track Pack in and be done with it. As much as I hated to see the car go, it was a no brainer to get a good trade value and an R at 2K.
Today I lined up all the details and packed up the track pack 350 and headed to the Tampa area. It was hard saying goodbye to a car that was very good to me, but we wrapped up all the details and I left with HR361. A thankful and special shoutout to [MENTION=22907]dron_jones[/MENTION] for the heads up and lead on this R.
Now, for all of you "this isn't real without any pics" folks, here you go.
The only hiccup today was that they could not find the splitter. I was told that a new one was on order and as soon as it arrives, it would be sent fedex to me.
Again, the point of this story is that the prices of R's are coming down. This car has been on the radar here on this forum for a while now. It is my understanding that the car was the subject of other threads and on other boards. Nobody bought it at 5k. Without batting an eye, my dealer agreed to lower my 10K ADM to 5K.
With all that said, the part that matters is the dealers have to re-learn the supply and demand aspect of the R market. I think it is safe to say that they are all in a form of denial and wishful thinking. I recently had a long layover in south Florida and called a lot of dealers around the country. I got more of the same. 20K..... bla bla bla. As these cars sit, reality will have to set in sooner or later. The car I bought today sat for 2 1/2 months.
My advice is be persistent. Don't give up if you want one of these. As time goes on, I believe that the prices will fall at dealers who were asking unreasonable ADM's.
Now, with that being said, a lot of this is contingent upon what happens in MY 18. Full year? Short year? 1000 R's 100? This bit of information will dictate where the R market will go. I wish I could say more, but my crystal ball is in the shop.
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