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Corvette
C8 Forum
Why the high price increase? Lets look at the numbers...
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<blockquote data-quote="GM MUSL" data-source="post: 312874" data-attributes="member: 4160"><p>Scott and Cam you are right on. GM has been trying to stop the cross border profit grab for decades. They have tried limiting or cancelling warranties, financial penalties to dealers, retention incentives etc. The fact of the matter is that the exchange rate GM uses and the actual exchange rate influences this cross border profit. I know of many dealers that their only significant business is wholesale cross border car and truck sales. They are now wealthy from 25 years of this cross border trade. GM is fixing it by upping the price but the pendulum can swing and US cars can come into Canada when they are cheaper, which is a much smaller problem for them. Other car manufacturers use different methods to reduce the cross border used car profit grab.</p></blockquote><p></p>
[QUOTE="GM MUSL, post: 312874, member: 4160"] Scott and Cam you are right on. GM has been trying to stop the cross border profit grab for decades. They have tried limiting or cancelling warranties, financial penalties to dealers, retention incentives etc. The fact of the matter is that the exchange rate GM uses and the actual exchange rate influences this cross border profit. I know of many dealers that their only significant business is wholesale cross border car and truck sales. They are now wealthy from 25 years of this cross border trade. GM is fixing it by upping the price but the pendulum can swing and US cars can come into Canada when they are cheaper, which is a much smaller problem for them. Other car manufacturers use different methods to reduce the cross border used car profit grab. [/QUOTE]
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Corvette
C8 Forum
Why the high price increase? Lets look at the numbers...
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