Posts Tagged ‘Car Buying’

Report: Chevrolet dealer ready to charge $20,000 over MSRP for Volt… will more follow?

August 2nd, 2010

2011 Chevrolet Volt – Click above for high-res image gallery

Researchers from Edmunds decided to drop their local Chevrolet dealer a line to inquire about staking a claim for one of the first available Volts, and the response was shocking at best and galling at worst. Here’s the email, sans names:

Hello *****

Thank you for your online request, as you know the Volt is going to be a very limited production vehicle for the first 2-3 years. Demand is going to far exceed supply for this vehicle, initially our asking price for the Volt is going to be MSRP plus $20,000, we are expecting only receive 9 Volts all of next year.

I will keep you in my customer base for when the Volt comes out and I will contact you with any information as I receive it. We are taking orders right now for the Volt, if you would like more information, please let me know and I will be more than happy to help you. Thank you.

***** *****, Internet Specialist
******* Chevrolet
********, CA

You read that right. A $20k markup over MSRP for a 2011 Chevrolet Volt.

As Edmunds’ AutoObserver points out, this email exchange took place before General Motors announced its plans to increase Volt production by 50% for 2011, churning out approximately 45,000 units in its first year. But even with that knowledge, would the unnamed dealer still avoid bilking early adopters? We doubt it.

While it’s not clear if any other Chevy dealers plan to follow suit, history would suggest that big markups are likely – the Corvette ZR1 initiated this sort of fervor when it was announced, too. On the flip side of the coin, AO sites a report from GM-Volt.com this past June, in which a GM spokesperson is quoted as saying: “We also aren’t expecting our dealers to overcharge anyone for this vehicle, either, and will monitor the situation closely when we launch,” adding, “we’ll be paying close attention when the vehicle launches and do our best to strongly discourage this kind of behavior, as we always do with any GM-branded vehicle.”

GM is allowing Volt buyers to lease the plug-in hybrid for $350 a month (with a $2,500 down payment) when sales begin later this year, so it strikes us as odd that someone would choose to purchase a Volt outright if the dealer would tack on such an astronomical amount to the MSRP. Then again, there’s the possibility that dealers might only allow purchases, negating the option to lease.

With so much riding on the Volt’s success – from GM’s long-term environmental program to the political pressures over the federal bailout – the General better get its dealers in line post-haste. If not, the fallout has the potential to stymie the Volt’s success before the first owner takes delivery.

[Source: AutoObserver]

Report: Chevrolet dealer ready to charge $20,000 over MSRP for Volt… will more follow? originally appeared on Autoblog on Mon, 02 Aug 2010 14:57:00 EST.

BMW Frozen Gray M3 paint a pain, owners must sign agreement about its care?

July 13th, 2010

2011 BMW M3 Frozen Gray Coupe – Click above for high-res image gallery

If you were one of the 30 Bimmerphiles to snag a 2011 Frozen Gray M3 Coupe last month, expect to fill out another round of paperwork before you take delivery of your new matte gray baby.

BMW is apparently requiring all owners to sign a “maintenance agreement” that insists the M3 is never polished or waxed, ran through an automatic car wash or even strongly rubbed. Additionally, BMW politely asks that you immediately remove bugs, bird droppings, tree sap and fuel spills with a soft sponge, and naturally, dealers are more than willing to sell you appropriate products for maintaining the matte finish.

According to enthusiast site Bimmerfest, BMW explicitly states the M3′s warranty won’t cover any damage due to owner neglect and it notes that all exterior repairs must be performed by a BMW-authorized shop. What’s more, if you don’t sign the agreement, no Frozen Grey M3 for you. That’s a lot of disclaimers. All of which could be easily solved for less if you simply went down to your local custom vinyl shop and wrapped your (decidedly less expensive) standard M3 in a 3M coating. But how do you put a price on exclusivity?

[Source: Bimmerfest]

BMW Frozen Gray M3 paint a pain, owners must sign agreement about its care? originally appeared on Autoblog on Tue, 13 Jul 2010 19:58:00 EST.

2011 Honda CR-Z goes on sale August 24, starting at $19,200

June 22nd, 2010

2011 Honda CR-Z – Click above for high-res image gallery

We’ve driven the 2011 CR-Z and now Honda’s slapped a sticker on its hybrid hatch before sales begin August 24.

The CR-Z is available in three trim levels, with the base price of the six-speed manual-equipped model coming in at $19,200 (plus a D&D charge of $750). Option up for the EX and a 360-watt stereo, Bluetooth integration and a leather wrapped wheel are yours for the taking for $20,760. Tack on the navigation system (“Navi” in Honda parlance) and the price swells to $22,560.

If you absolutely must – and we’d seriously advise against it – you can equip the CR-Z with the CVT for $650, complete with seven faux ratios and a slight boost in fuel economy. Make the jump for the details and a complete pricing breakdown.

Continue reading 2011 Honda CR-Z goes on sale August 24, starting at $19,200

2011 Honda CR-Z goes on sale August 24, starting at $19,200 originally appeared on Autoblog on Tue, 22 Jun 2010 12:57:00 EST.

Adios! Lexus SC430 to be euthanized in July

June 11th, 2010

2009 Lexus SC430 Pebble Beach Edition – Click above for high-res image gallery

It was rumored in January and now it’s been confirmed by Automobile Magazine: Lexus will kill its slow-selling SC430 this July and it will reportedly return in 2014 packing a hybrid electric drivetrain and a new V8.

Aside from a handful of special edition models, the SC430 has soldiered on largely unchanged for the better part of a decade, and with less the 1,000 SCs sold last year and a final run of around 300 slated to be built in 2010, its demise will likely go unnoticed save a few octogenarians that pick up a new Pebble Beach Edition each summer.

According to Automobile, the next generation SC is slated to arrive sometime in 2014, packing a 5.0-liter V8 and a hybrid drivetrain that should be good for 400-500 horsepower. The Lexus SC600h – as it’s tentatively dubbed – would be a fitting replacement to the SuperGT racer that’s been running in the Japanese touring car series for the last several years – unless Lexus decides the LFA is a more worthy combatant.

[Source: Automobile]

Adios! Lexus SC430 to be euthanized in July originally appeared on Autoblog on Fri, 11 Jun 2010 13:33:00 EST.

Don’t fret: Lexus LFA not sold out, more allocated to U.S.

June 4th, 2010

Lexus LFA – Click above for high-res image gallery

The recent rash of reports about the Lexus LFA being sold out appears to have been a bit premature.

Production of the LFA begins this December and Toyota intends to produce a total of 500 units which will be sold through an unorthodox leasing procedure. The process involves putting money down, signing a non-transferable lease for 24 months and then having the option to purchase the 552-horsepower supercoupe once the two-year term comes to a close. As reported previously, the leasing system is an attempt to thwart speculators who would undoubtedly purchase an LFA and then flip it for a profit on the exotic market.

As for selling out, Lexus officials have said that the number of interested parties has exceeded the total 500-unit run, but as always, interest is different than intent, and a few more slots for U.S. buyers still remain. Additionally, the original cap of 150 LFA’s slated for Stateside consumption has increased by 21 units for a total of 171, although it’s unclear where those additional LFAs are coming from.

Don’t fret: Lexus LFA not sold out, more allocated to U.S. originally appeared on Autoblog on Fri, 04 Jun 2010 19:58:00 EST.

2011 Chevrolet Cruze priced at $16,995, LTZ at $22,695

June 3rd, 2010

2011 Chevrolet Cruze RS – Click above for high-res image gallery

General Motors has slapped a price tag on the all-new 2011 Chevrolet Cruze, and with a starting price of $16,995 (including destination), the new compact contender is well positioned to compete with the segment stalwarts.

The entry-level Cruse LS comes packing the 138-horsepower 1.8-liter Ecotec four-cylinder and a six-speed manual transmission, along with 10 air bags, traction ctonrol, OnStar and keyless entry. If you option up for the $18,895 LT, the standard four-pot is replaced with GM’s new Ecotec 1.4-liter turbo and a six-speed automatic box, and the Eco version rings up the same sticker with a six-speed manual, 17-inch wheels with low rolling resistance tires and an enhanced aero package.

The top of the line LTZ will set you back a suitably high $22,695 and comes with the aforementioned 1.4-liter turbo and automatic ‘box, along with cruise control, leather seats, Bluetooth, USB audio, redundant steering wheel controls, rear-parking assist and 18-inch wheels. Navigation, a nine-speaker Pioneer stereo, heated seats and RS Appearance package are all available as separate options. And you can start specing out your own cruise by checking out the press release after the break.

Continue reading 2011 Chevrolet Cruze priced at $16,995, LTZ at $22,695

2011 Chevrolet Cruze priced at $16,995, LTZ at $22,695 originally appeared on Autoblog on Thu, 03 Jun 2010 13:24:00 EST.

2011 Aston Martin V12 Vantage priced at $179,995

June 1st, 2010

2011 Aston Martin V12 Vantage Carbon Black – Click above for high-res image gallery

Aston Martin has finally put a U.S.-approved sticker onto the V12 Vantage, and if you’re aching to get into the 510 horsepower coupe, you’ll need to set aside $179,995 for the “base” model.

Included in the kit is the DB9-sourced V12 powerplant putting out the aforementioned 510 ponies and 420 pound-feet of torque, capable of scooting the svelte coupe to 60 mph in 4.2 seconds and on to a top speed of 190 mph.

If the standard V12 Vantage is just too plebeian for your tastes, you can option up for the Carbon Black Edition – an exclusive trim for the States – which includes black metallic paint, carbon fiber accents, a reworked grille, 10-spoke black wheels and a host of interior appointments.

Pricing for the Carbon Black model comes in at a cool $194,995 (undercutting both the DB9 and DBS), and both prices include the $3,000 gas guzzler tax and $1,350 destination charge. If that’s too rich for your blood, just enjoy the high-res pics in the gallery below.

2011 Aston Martin V12 Vantage priced at $179,995 originally appeared on Autoblog on Tue, 01 Jun 2010 18:57:00 EST.

Lotus to euthanize Europa this year

May 28th, 2010

Lotus Europa – Click above for high-res image gallery

Given the recent launch of the more practical Evora, it shouldn’t come as surprise that Lotus will be ceasing production of the ill-fated Europa later this year. According to our sources, European dealers have stopped taking orders for the Elise-based coupe and production will wind down within the next few months to fill what few orders remain.

Just as a refresher, the Europa launched in 2006 with a turbocharged 2.0-liter inline-four putting out around 200 horsepower and 200 pound-feet of torque, and in hindsight, it was likely a stopgap used by Lotus to fill the need for a larger, more compliant coupe before the Evora debuted last year. Three variants were available, including the S and SE, the latter of which got a boost in output to 220 hp and an equal amount of torque in early 2008. We never got a shot behind the wheel, but judging by our drive of the all-new Evora, there’s no love lost.

Gallery: Lotus Europa

Lotus to euthanize Europa this year originally appeared on Autoblog on Fri, 28 May 2010 19:25:00 EST.