The market for 03/04 SSr's is certainly not strong and weakening more by the day as GM has not provided any incentives (low cost financing or rebates to dealers) as of this week. :cry
This is surprising as there is a lot of product (if you are willing to take a fully loaded vehicle) and prices have come off a premium to MSRP> to MSRP> to just under MSRP> to $500 over dealer invoice in most markets over the past 90-120 days.... virtually nothing is selling on eBay at anything near MSRP and some larger dealers, who are aware of the market 'overhang' are telling sales folks to move the vehicles in stock by dealing. :jester
There is little doubt that, with the arrival to the upgraded 2005 at a similar MSRP, the value of the first generation (03 & 04) SSr will deteriorate further over the summer and into the fall such that something like $7.5k or, likely, more less than the market transaction cost of a '05 will be necessary to give an incentive to take one. I say more as the feedback from the showroom floor is the vehicle is nice but is really an overpriced product/toy; most dealers I speak with suggest the MSRP for a loaded 2005 truck should be more in the order of $39.9k, and that a basic unit, (i.e. with the 1SA Preferred Group) should be $34,995 to attract the volume GM is targeting (i.e. 12.5-15k units p.a.). Some feel that even that might not do it.
WTS, seems that it has been a month or so since there was a flurry of information on the changes for 2005..... am wondering if anyone has anything "new" to report?
This is surprising as there is a lot of product (if you are willing to take a fully loaded vehicle) and prices have come off a premium to MSRP> to MSRP> to just under MSRP> to $500 over dealer invoice in most markets over the past 90-120 days.... virtually nothing is selling on eBay at anything near MSRP and some larger dealers, who are aware of the market 'overhang' are telling sales folks to move the vehicles in stock by dealing. :jester
There is little doubt that, with the arrival to the upgraded 2005 at a similar MSRP, the value of the first generation (03 & 04) SSr will deteriorate further over the summer and into the fall such that something like $7.5k or, likely, more less than the market transaction cost of a '05 will be necessary to give an incentive to take one. I say more as the feedback from the showroom floor is the vehicle is nice but is really an overpriced product/toy; most dealers I speak with suggest the MSRP for a loaded 2005 truck should be more in the order of $39.9k, and that a basic unit, (i.e. with the 1SA Preferred Group) should be $34,995 to attract the volume GM is targeting (i.e. 12.5-15k units p.a.). Some feel that even that might not do it.
WTS, seems that it has been a month or so since there was a flurry of information on the changes for 2005..... am wondering if anyone has anything "new" to report?