Dealership Markups Are Getting Insane

Car buyers and market observers are used to seeing large dealership markups on models that are tough to get — first editions of popular cars, usually, or models that are produced in small numbers, or both.

It’s no shock to see the Ford Bronco or Chevrolet Corvette marked up by thousands of dollars. Motor Trend reported markups of $30K on Broncos, for example. C8 Corvettes are also being marked up like crazy.

While annoying, it’s somewhat understandable, given how the franchise-dealer system works, as well as how basic capitalism and supply and demand work. You don’t have to like the phenomenon, but the logic behind its existence is sound.

Still, we draw the line at an almost $6K markup of a Mitsubishi Mirage.

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Report: GM Not Bothered By Corvette Markups

Chevrolet’s C8 Corvette has been in demand.

So much so that some dealers are commanding markups up to $100K over MSRP.

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Rare Rides: The Beautiful and Illustrious Fornasari 99, From 2012

Today’s Rare Ride hails from a brand your author hadn’t heard of until this tweet yesterday. My fingers could not fly fast enough to obtain more information on this beautiful spectacle of an off-road luxury grand touring SUV. Are your eyes ready?

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2020 Chevrolet Corvette Stingray Review - Affordable Supercar

I was cruising along Interstate 55 somewhere southwest of Chicago when I came upon a Mercedes SUV that was continually adjusting speed. Annoyed by someone who couldn’t maintain a constant speed in the passing lane, I dipped the 2020 Chevrolet Corvette I was driving into the right lane and tried to carefully weave my way through scattered traffic and work my way past the schlub.

It was only as I leisurely passed by that I saw the raised smartphone camera. Even in the dark of night, the C8 Corvette stands out, and I was now a temporary celebrity, about to be put into someone’s camera roll – or posted to their social-media accounts – whether I liked it or not.

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TTAC's Best and Worst Vehicles of 2020

The end of a brutal year is upon us, and I thought we could celebrate the end of this dumpster fire that is/was 2020 by having arguments about cars.

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Corvette Production Stalled Again as Mexican Suppliers Deal With COVID

General Motors is stopping production of the Chevrolet Corvette for the rest of the week after Mexican suppliers once again found themselves having to contend with the pandemic. While Johnson & Johnson’s Janssen unit has been given the go ahead to begin late stage trials for its coronavirus vaccine in Mexico, the nation has introduced new restrictions as the country reported a spike in infections last month.

On Wednesday, GM spokesman David Barnas informed The Detroit News that Bowling Green Assembly in Kentucky will be closed for Veterans Day but remain closed through the weekend due to supply chain issues. The manufacturer does not see this as turning into a prolonged idle period for the Corvette, but we’re wondering about other models — and not just those manufactured by General Motors. While Mexican suppliers are supposed to rebound swiftly, Europe has also instituted new lockdowns that could affect supply chains if they’re extended.

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Rare Rides: The 1998 Chevrolet Corvette Indianapolis 500 Pace Car Replica, Purple and Banana

We’ve featured a Corvette before in this series, as well as two different Indianapolis 500 pace cars, but we’ve never had a single car that combined Corvette and Indy pace car flavors together.

Turns out when that special combination occurred in 1998, it was purp drank and banana colored.

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2020 Chevrolet Corvette Production Resumes, Gold-Chain Set Relieved

Last week, we told you a parts shortage had halted production of the Chevrolet Corvette C8.

Now the lines are rolling again.

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GM Runs Out of Corvette Parts, Production Paused

The C8 Chevrolet Corvette has certainly seen its share of hardships. Despite the vehicle receiving almost unanimous approval from those fortunate enough to get some cockpit time, it has been subject to numerous delays through no fault of its own. Union negations held last fall resulted in a 40-day UAW strike that pushed assembly of the mid-engine Corvette from the tail end of 2019 to the start of 2020. Of course, this butted its launch up against a global pandemic that forced General Motors to shut down production facilities for two months. Shutdowns likewise affected parts suppliers who were also made subject to government restrictions, causing bottlenecks across the industry.

Combined, these issues have forced GM to reduce the number of planned options. Many parts were proving too difficult to source with any reliability and the cars have become notoriously difficult to procure. While the manufacturer has said it would continue building the 2020 model year for as long as possible, supply is unlikely to meet demand until 2021. But the headaches haven’t abated just yet; GM has been forced to stall production on the C8 this week after running out of the necessary parts.

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2020 Chevrolet Corvette Review: Highway Star

Some of the best driving roads on the continent, the Hocking Hills of southeastern Ohio, lie roughly one hour from my front door. Not coincidentally, those roads are also merely four hours from every Detroit-based ride-and-handling engineer, not to mention the buff books. These twisties, shaped by the glaciers, have been worn smooth by generations of gearheads.

The hour of driving to get to the hills, however, is via a mind-numbing highway slog, often well patrolled by the local constabulary and the notorious Ohio Highway Patrol. There’s no shortcut.

This is where the 2020 Chevrolet Corvette Stingray shines. Making a sportscar manage sportscar things, while certainly no easy feat, is right in the wheelhouse of the speed-addled engineers. Making that same car not just livable on the highway, but genuinely excellent, takes some serious doing. Chevrolet has done exactly that here with the C8.

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Is Joe Biden Confirming an All-Electric Chevrolet Corvette?

Automakers are notoriously tight-lipped about future product, much to the endless frustration of scoop-hungry automotive journalists.

They respond “we don’t comment on future product” to our e-mailed queries so often that I suspect it’s an automated response. It’s a running joke when hacks and flacks are drinking together in the hospitality suite on a junket and one of us tries to get a buzzed P.R. professional to spill some tea. They go to great lengths to disguise prototypes from the prying eyes of both professional spy photogs and random jamokes with a cell-phone camera. Speaking of cell-phone cameras, journalists invited on to automaker property for certain events will have their phone’s camera lens covered with a sticker for the duration.

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Report: GM Moves Corvette Braintrust to Electric Vehicle File

There’s nothing green about the 2020 (or near identical 2021) Corvette Stingray’s powertrain, but those who developed General Motors’ new mid-engine sports car will apparently have a say in the development of virtuous vehicles to come.

A new report, backed up by GM, claims the Corvette’s engineering team will set up shop in the General’s exhaust-free autonomous and electric vehicles program come September.

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C8 Corvette 'Frunk' Over-the-air Update Underway

Owners of the newly mid-engined Chevrolet Corvette might notice a new message greeting them this week, now that a solution to a recent recall concerning the 2020 C8 ‘Vette’s “frunk” appears to be underway.

C8 owners have complained of their front-end trunk’s (frunk’s) lid opening while on the road, leading to a dangerous situation as they attempt to pull over to close it. Just like a hood flying up on the highway, no one wants their frunk doing the same. TTAC’s Chris Tonn, currently ensconced in a bright yellow example, received the prescribed remedy last night.

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Better Year Ahead? The 2021 Chevrolet Corvette, Maintaining Its Base Pricing, Sure Hope So

The seemingly cursed mid-engined Chevrolet Corvette, aka the C8, probably spends its nights dreaming of clear skies and a vaccine. Early development problems, a lengthy strike, a deferred production start, then a pandemic-prompted production shutdown all conspired to make for a hellish entry into the world for the new-generation 2020 ‘Vette.

For 2021, the entry-level Stingray model doesn’t try anything wild, maintaining its entry price while adding a few things buyers might like… and one thing no one asked for.

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C8 Corvette Production Seems Cursed

Thanks to last year’s prolonged UAW strike and this year’s global pandemic, production of Chevrolet’s new Corvette is way behind schedule. As reported previously, GM had already dialed back the expected number of 2020 C8s headed to dealers by roughly 20 percent before the coronavirus touched down in North America.

Unfortunately, reopening factories hasn’t magically transported the manufacturer into a scenario where C8 ‘Vettes are abundant and customers can rest assured they’ll see their new toy by the end of this year.

Plenty of orders have already been rolled over for 2021 model-year vehicles, especially if they’re convertibles. Now, supply chain troubles all but guarantee 2020 will be an unfortunately weak year for the mid-engined Corvette, and GM knows it. The company’s doing everything it can to get as much product out the door as possible. However, the obstacles placed in GM’s path have proven too large — and timed too perfectly — for it to ever had much of a chance at a normal product launch.

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  • TCowner We've had a 64.5 Mustang in the family for the past 40 years. It is all original, Rangoon Red coupe with 289 (one of the first instead of the 260), Rally Pac, 4-speed, factory air, every option. Always gets smiles and thumbs ups.
  • ToolGuy This might be a good option for my spouse when it becomes available -- thought about reserving one but the $500 deposit is a little too serious. Oh sorry, that was the Volvo EX30, not the Mustang. Is Volvo part of Ford? Is the Mustang an EV? I'm so confused.
  • Mikey My late wife loved Mustangs ..We alway rented one while travelling . GM blood vetoed me purchasing one . 3 years after retirement bought an 08 rag top, followed by a 15 EB Hard top, In 18 i bought a low low mileage 05 GT rag with a stick.. The car had not been properly stored. That led to rodent issues !! Electrical nightmare. Lots of bucks !! The stick wasn't kind to my aging knees.. The 05 went to a long term dedicated Mustang guy. He loves it .. Today my garage tenant is a sweet 19 Camaro RS rag 6yl Auto. I just might take it out of hibernation this weekend. The Mustang will always hold a place in my heart.. Kudos to Ford for keeping it alive . I refuse to refer to the fake one by that storied name .
  • Ajla On the Mach-E, I still don't like it but my understanding is that it helps allow Ford to continue offering a V8 in the Mustang and F-150. Considering Dodge and Ram jumped off a cliff into 6-cylinder land there's probably some credibility to that story.
  • Ajla If I was Ford I would just troll Stellantis at all times.