Browsing through E-Bay "SSR's for Sale" today and there are lots and lots of 2003, 2004, and 2005's for sale. A Chevy dealer (Ryan Motors) in Buffalo, Mn. has a brand spanking new 2004, Silver, listed at $32,500 Buy it Now Price. Dealer says he also has other colors for sale. This is about the best price I've seen thusfar for a showroom new SSR. Several 2005's listed for sale at invoice. This sure is a different market than it was a year ago when I was shopping for a new SSR. I'm really glad that I intend to keep my 2003 for a long, long time because I'd hate to take a $20,000 hit in just one year. That represents a 46% first yr. depreciation rate which is really high when compared to other new vehicles. Potential SSR buyers are really in a great position in this market place. Looks like GM over produced and over priced the 2003 and 2004 models. Hope they learned something from this and will take steps to prevent it from reoccurring.
How Low Can They Go?
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REALITY CHECK: Market is in the LOW $30k's
The market for the first series (03/04) of new SSr's is definitely in the low $30k's for vehicles with 1SB, compartment trim, mats, boards, et cetera (i.e. MSRP of in the order of $45,970 or more). There are a number of dealers with 4 or more 04's, with equipment as above or better that are, apparently, willing to sell for $31-$32 thousand with low or no admin fees and are looking only for additions that are incremental cash costs (i.e. license fees, transit stickers et cetrera).
The market for the new and improved 05 SSr is very weak in most, if not all, regions as demonstrated by the fact the Craft Center is shut down for a number of weeks this quarter for inventory adjustment and prices on eBay for new 05's are well below MSRP and may even be at or near dealer cost levels.
There is little doubt that the low $30's price is a result of the high inventory levels (rumored to be in the order of 8 thousand units) of unsold units or about 40% of the total made, the collapse of the used market for our trucks, and the severe discounting of even the new 05 (take the new 05 market pricing and take 30% off of that to derive the probable price for a new similarly equiped 04)... and don't forget the dealer has $7500 in his pocket plus you likely can get a further $1500 fideltity discount and, if the dealer is really motivated, a further $3-5 thousand off dead cost as these people now understand that as time goes by the value of the 03/04 SSr is very likely to decline further due to both the price being too high at the outset, surprisingly weak used market (the word "dead" is what I hear) and the huge overhang of new product in the field.
SO, if you have any plans to buy, now may be the time while prices and selection are good. Pricing may ease further but then you may not get what you want and you should only expect to save a further $2,500 over the next 3-4 months (my forecast)
arty
The market for the first series (03/04) of new SSr's is definitely in the low $30k's for vehicles with 1SB, compartment trim, mats, boards, et cetera (i.e. MSRP of in the order of $45,970 or more). There are a number of dealers with 4 or more 04's, with equipment as above or better that are, apparently, willing to sell for $31-$32 thousand with low or no admin fees and are looking only for additions that are incremental cash costs (i.e. license fees, transit stickers et cetrera).
The market for the new and improved 05 SSr is very weak in most, if not all, regions as demonstrated by the fact the Craft Center is shut down for a number of weeks this quarter for inventory adjustment and prices on eBay for new 05's are well below MSRP and may even be at or near dealer cost levels.
There is little doubt that the low $30's price is a result of the high inventory levels (rumored to be in the order of 8 thousand units) of unsold units or about 40% of the total made, the collapse of the used market for our trucks, and the severe discounting of even the new 05 (take the new 05 market pricing and take 30% off of that to derive the probable price for a new similarly equiped 04)... and don't forget the dealer has $7500 in his pocket plus you likely can get a further $1500 fideltity discount and, if the dealer is really motivated, a further $3-5 thousand off dead cost as these people now understand that as time goes by the value of the 03/04 SSr is very likely to decline further due to both the price being too high at the outset, surprisingly weak used market (the word "dead" is what I hear) and the huge overhang of new product in the field.
SO, if you have any plans to buy, now may be the time while prices and selection are good. Pricing may ease further but then you may not get what you want and you should only expect to save a further $2,500 over the next 3-4 months (my forecast)
artyI am looking to purchase a SSR. I like the idea of the 05 manual tranny and larger engine, but I like the $36000 price of the 04 (MSRP over $48,000). The 05 is almost $7k net more than the 04 right now. Do I wait and gamble the 05 will have rebates like like the 04 or should I just buy the 04?
It reminds me of buying a computer, if you wait 6 months you can get a newer model for less money.
It reminds me of buying a computer, if you wait 6 months you can get a newer model for less money.
For some reason and I do not know what it is, I have not been able to pull the trigger on getting an 05 SSR. There is a little something in my brain saying now is not the time. I am hoping Chevrolet will cange my brain for me with a little cash off. I too like the 05 with the 6 speed and bigger engine and better built because of experience. Spending 40+ K for a truck that is not practical is tough. Getting an 04 is not an option. If the General does not do something soon I may just get a Toyota.
When I was at the dealer yesterday, I almost pulled the trigger on the 04 but I couldn't do it knowing that I may regret not getting what I really want (larger motor and manual tranny) Trying to justify the $$ trading the 04 in 3 or 4 months for a 05 or 06 would give my wife one more reason to file for a D!!!!!!!!
I am going to TRY to have patience and wait for the General to announce a rebate on the 05.
I am going to TRY to have patience and wait for the General to announce a rebate on the 05.
Buy now for your best deal
Ps. My 2 cents worth… if you are really wrestling between buying a SSR and a Toyota (two totally different vehicles) then quite honestly you might not appreciate the SSR for the unique retro vehicle that it is.
I do not believe you will see as huge of savings on the 05s as you are seeing on the 04s right now. The main reason... GM recognizes they over produced the 04s and are now taking precautionary measures to head off the same problems. They are determined to keep their inventories at a much lower level than they did with the 04s. Evidenced by the fact that they have scheduled a number of weeks of downtown already and there has been talk that there might be up a total of 17 weeks downtime throughout the rest of the 05 MY.RPH-56 said:
Ps. My 2 cents worth… if you are really wrestling between buying a SSR and a Toyota (two totally different vehicles) then quite honestly you might not appreciate the SSR for the unique retro vehicle that it is.
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I guess if you keep checking with dealers who have an abundance of SSR such as a local dealer who has 1 Silver, 1 Auqa, 1 Black, 2 Red, 3 Yellow and I know the majority of these are 05s because I have been watching the inventory. I noticed on my drive to S A over the weekend that most of the dealers I passed had only 1 -3 SSRs or none. I would think those with the most might want to get them off the lot.RPH-56 said:
Ps. My 2 cents worth… if you are really wrestling between buying a SSR and a Toyota (two totally different vehicles) then quite honestly you might not appreciate the SSR for the unique retro vehicle that it is.
__________________
I am not the one who is wrestling between a Toyota and a SSR ( I currently drive a TUNDRA and will continue to use as an every day driver). The SSR will be our "date" ride on the weekends
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I am not the one who is wrestling between a Toyota and a SSR ( I currently drive a TUNDRA and will continue to use as an every day driver). The SSR will be our "date" ride on the weekends
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4,104 Posts
Rshottel: What's not practical about an SSR?
I bought mine as my daily driver!
Fun to drive
Decent gas mileage for a heavy vehicle like this
Big "trunk"
Factory equipped to pull up to a 2500 lb trailer
Better front/rear weight distribution than a normal pickup truck
04s available at great prices
What's not practical here?
Jim G
I bought mine as my daily driver!
Fun to drive
Decent gas mileage for a heavy vehicle like this
Big "trunk"
Factory equipped to pull up to a 2500 lb trailer
Better front/rear weight distribution than a normal pickup truck
04s available at great prices
What's not practical here?
Jim G
I am the one who mentioned a Toyota. When I took my women the other day to check out the SSR she thought it was too trendy and like a car that says look at me I need attention. I have a Z06 and a Ram 1500 SRT 10 and that is the other issue she says I don't need an SSR also especially at 40+ K. So justifying paying 40+ k is tough. The vehicle I would be replacing is a 2001 Dodge Dakota. I looked at the new Dakotas and do not like them at all. I would consider a Tacoma with the acces cab. That way you can put stuff in the back seat which the SSR does not have. Plus it is half the cost. Granted you cannot drop the top or go nearly as fast and cannot have nearly as much fun. But...... If the general would just drop the price $3000 below invoice I would be all over it. $37-39000 would be ok. I have not gone to look at a Tacoma just yet. I have sent requests to dealers all over Southern California trying to find one that would be willing to get down to my price but nothing close yet. Supposedly there is nobody buying SSR's right now. At least according to SSRGUY.
Dang!
RPH-56... you are correct, it was actually RSHottell's comments that I had intended to refer to not yours, sorry.RPH-56 said:Ps. My 2 cents worth… if you are really wrestling between buying a SSR and a Toyota (two totally different vehicles) then quite honestly you might not appreciate the SSR for the unique retro vehicle that it is.
__________________
I am not the one who is wrestling between a Toyota and a SSR ( I currently drive a TUNDRA and will continue to use as an every day driver). The SSR will be our "date" ride on the weekends
RSHottel said:
I have been monitoring inventories of 19 dealers on the Chevy website in Southern California and I am not 100% but they have sold about 4 or 5 in the last 4 weeks. I have also noticed they have not gotten very many new ones in either. 1 or 2 maybe a few more. It looks like the peolpe who wanted one badly have gotten one and now the people on the fence are waiting for the price to come down or are buying the 03's or 04's. I know most of you who have them do not care if Chevy either stops making them or keeps the price up but I would like to see the price come down to what I think is a fair market price.
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SSR Shopping
I just got mine last Friday in Orange County. Since you own a GM product you can get the $1500 loyalty incentive. I managed to get them down to the invoice price and then tack on the discount to end up at $1500 below invoice. You may want to go in to the local dealers and see what they will do..
The Artful Dodger
RSHottel said:
I just got mine last Friday in Orange County. Since you own a GM product you can get the $1500 loyalty incentive. I managed to get them down to the invoice price and then tack on the discount to end up at $1500 below invoice. You may want to go in to the local dealers and see what they will do..
The Artful Dodger
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