Re: Original window sticker
Ralph-------
Yup, that's something I failed to mention. Cars arriving at the dealership before the new model year announcement day remained the property of GM. I expect that's because GM could not expect dealers to pay for a car they could not sell upon delivery. However, dealers had to have cars on hand for viewing/test driving and, even, sale on announcement day. So, I also expect that the window sticker and GM invoice were timed to arrive at the dealership right around announcement day.
Some folks think that dealers only have to pay the manufacturer for the cars after they sell them. That's absolutely not the case, though. Dealers pay for new cars essentially on delivery from the manufacturer and usually finance them through bank (or GMAC) loans. This is called "flooring". Some dealers used to even add a "flooring charge" to the price of the car but whether it's called out specifically, or not, it has to be recovered in the gross profit on the sale of the car.
Ralph-------
Yup, that's something I failed to mention. Cars arriving at the dealership before the new model year announcement day remained the property of GM. I expect that's because GM could not expect dealers to pay for a car they could not sell upon delivery. However, dealers had to have cars on hand for viewing/test driving and, even, sale on announcement day. So, I also expect that the window sticker and GM invoice were timed to arrive at the dealership right around announcement day.
Some folks think that dealers only have to pay the manufacturer for the cars after they sell them. That's absolutely not the case, though. Dealers pay for new cars essentially on delivery from the manufacturer and usually finance them through bank (or GMAC) loans. This is called "flooring". Some dealers used to even add a "flooring charge" to the price of the car but whether it's called out specifically, or not, it has to be recovered in the gross profit on the sale of the car.
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