class act law suit

[swillis1975]

should ford be responsible for allowing there dealers to mark up the price on the gt 500 ? i think all the people that had to pay these mark ups should unite and take legal action. once the dealer sells the car then it is out of there control, but to allow this to happen is a slap in the face to the american people.

[rheacerdave]

Um, no...supply and demand?

[swillis1975]

so should gas companies,electric and ect.. just be able to charge higher rates when they are low. if you want 60k for a car you should ask it on the sticker.

[Stanger58]

Natural gas, electricity, water are "utilities" governed by an entirely different set of pricing regulations and laws...

A 500 HP Mustang certainly doesn't qualify as a "utility"...

Ford builds the cars... dealers purchase them from Ford... dealers sell them to customers. The MSRP is "Manufacturer's Suggested Retail Price"... a dealer is an independent business entity and can sell their vehicles for whatever price they can get out of them.

The same thing happened when the Ford GT was introduced - now you can purchase them at or below MSRP.

Don't blame it on Ford, blame it on our fellow enthusiast and their "gotta have it at ANY price" mentality. :bash:

Patience...

[shlbygt]

should ford be responsible for allowing there dealers to mark up the price on the gt 500 ? i think all the people that had to pay these mark ups should unite and take legal action. once the dealer sells the car then it is out of there control, but to allow this to happen is a slap in the face to the american people.

Maybe you should sue the manufacturer of your keyboard for not including capital letters, or maybe the school system for not teaching you how to compose a thought?
I think you were looking for the word "their".
BTW, it would be a Class Action Lawsuit not a “class act law suit”
What would their legal standing be, they were stupid for paying over sticker for a mass produced vehicle? “Your honor we have more money than sense and the dealer took advantage of us.” No dealer is forcing anyone to purchase a GT500.
How could it be a slap in the face to the American people? The majority of the American people are not even aware the GT500 exists.

[swillis1975]

its taking advantage of the people no matter how you look at it. i believe the car is worth $55-$65k, i own one. but they should have asked for it on the msrp. the dealerships are representing ford and should by rights make money selling there product. but, $15-$20k on one car deal come on thats bad buisness. the car would have been worth more and been more special if they would have sold it on a first come basis. and then on top of that try getting some doc's on your shelby. or try to find out how many there going to make. where is the paperwork like all the other cobra's and svt's. i do have to give ford there props it is by far one of the best sports cars under a $100k on the market. i have owned alot of cars and it is bad to the bone and built with quality.

[cobraken]

I don't like the practice, but as far as I can remember our court system favors the "free market system" of economics. You have the choice to buy or not. What would be your damage?

[Dellcobra]

Ford tried to stop the practice of dealers marking up the price of cars with the original SVTs. The dealers took Ford to court and won. They can charge what the market will pay.

[bhartman]

You want to see what people are REALLY willing to pay...

Shelby's '66 Cobra Supersnake just sold at auction for $5.5 MILLION! :thud:

This is just Capitalism - The HAVES and the HAVE NOTS. It SUCKS, but so does a lot of other things in life.

[svt2205]

Dell, Ford did this when?

For perspective, the vast majority of Harley Davidson dealers have been marking up ALL bikes for years. It's just something that you need to live with if you must have the toy. Besides, would you really want someone to prevent you from pricing something the way you want, if you were in the business of selling.... I doubt it...

Just think of what dealers are now going to do with the Shelby GT, since there was 1 sold for 600K at B-J....

Oh well.... Can't afford any of these any more anyway.... Unemployment has a way of changing your perspective on many things....

[vger]

Oh well.... Can't afford any of these any more anyway.... Unemployment has a way of changing your perspective on many things....

Try living in Michigan. We have the worst economy in the nation.
7+% unemployment state wide and 45+% in the city of Detroit.
Remember these numbers are only those collecting unemployment and not the ones whos unemployment ran out.

[Mgrad92]

Basic Economics Lession: Supply and Demand

Here in the United States, we have a limited supply of goods and services. Everyone can't have everything they want. There just isn't enough to go around. So in order to distribute these goods and services, we discriminate based on the amount of money that each person has. The theory being that the more you contribute to the economy by working, investing, etc., the more goods and services you can afford. (That's the theory, at least.) This is fantastic! If you want more stuff, you can bust your ass and earn more, and therefore buy more.

As far as setting prices, a free market is the most efficient way of allocating scarce resources.
For example, let's say I have $43,000 to spend to buy a new Shelby GT500. And let's set production at 5,000 cars per year, and assume that there are 30,000 people who have at least $40,000 and want to buy the new Shelby. If prices were set in stone $40,000, I would have to get on a waiting list that is 30,000 people long. My wait could be as little as one day, or as long as 6 years. The average wait will be 3 years, and there's nothing I can do about it.
Now make the price flexible. I wouldn't be able buy one right away, because dealers would charging thousands over the $40,000 price. But as the folks with the most money buy their cars, the prices come down. Pretty soon, the price comes down to $43,000 and I get mine. Sure there are still people who only have $40,000 and they may have to wait 6 years, but they might have had to wait that long if the prices were fixed. And since I had a few more bucks, I was able to get mine sooner than I might have. Additionally, if I devoted myself to saving, I could move myself up in line by having more money to spend on the car. It really is a great system. Sure, it's not perfect, but it's a hell of a lot better than anything else we've come up with.
As for the extra money the dealers get, I ask you this: Why does everone want to become rich, but scream and yell when we see someone else doing it?

[Dellcobra]

Dell, Ford did this when?.

I believe it was during the 96 production run or right after that. It was brought up at a SVTOA leadership training meeting on why Ford allows this and that is when I heard of the dealers winning that they could sell a car for whatever they wanted and Ford could not "price fix" the cars.

[crimson ii]

should ford be responsible for allowing there dealers to mark up the price on the gt 500 ? i think all the people that had to pay these mark ups should unite and take legal action. once the dealer sells the car then it is out of there control, but to allow this to happen is a slap in the face to the american people.


All dealers received a notice from FoMoCo regarding dealer markups. Recommending they do not mark up the cars. Since they gave this info to dealers and dealers are independent how can fomoco be liable?

If you think your local dealer is gouging you or you do not like it shop elsewhere. G o o d L u c k in finding a Shelby @ MSRP or under.

[McLaren644]

I paid no where near the $15-20k that most are asking, but then again. I put down a deposit 14 months before they were ever being built. I found a great dealership that stood behind THEIR word and now have a great automobile and very happy experience to show for it. I'll be glad to email you the dealerships name and number if you're looking. They did tell me they were selling the ones further down the list for quite a bit more than I paid. But I'd buy from the again in a heartbeat. And no, I don't work, are related in any way to them. Just a good honest dealership and good honest salespeople.

[McLaren644]

And btw... I do it so rarely, but thought most here have a GT500, so... isn't it nice to be very close to the top of the food chain? :-) The Vette boys cringe when I put into the parking lot and can say nothing except...well it won't beat a Z06...I smile and say, you're so right, too bad you don't have one (the one's I've talked to that do, don't like to drive them much, way too rough to drive even semi-daily). And btw with the money I saved buying the GT500 over a Z06 (not that I ever would), I bought another car to drive on rainy days.

Anyone got a tune yet? I'm anxious to see the next issue of Fast Fords and Mustangs for part 2. They put a GT500 well into the 11's with street slicks, a tune and a cat back system. Not too shabby. Next month is the good stuff.

[dtnstn]

:)
And btw... I do it so rarely, but thought most here have a GT500, so... isn't it nice to be very close to the top of the food chain? :-) The Vette boys cringe when I put into the parking lot and can say nothing except...well it won't beat a Z06...I smile and say, you're so right, too bad you don't have one (the one's I've talked to that do, don't like to drive them much, way too rough to drive even semi-daily). And btw with the money I saved buying the GT500 over a Z06 (not that I ever would), I bought another car to drive on rainy days.

Anyone got a tune yet? I'm anxious to see the next issue of Fast Fords and Mustangs for part 2. They put a GT500 well into the 11's with street slicks, a tune and a cat back system. Not too shabby. Next month is the good stuff.
thanks for the info you sent me the other day, I took your advice and found the part 2 is out on the stands. Great write up Lots of info.

[dsabldvt]

I found an honest dealer also after calling over 50 dealers in the North Texas area. Got mine for a little under MSRP and at one time had a deposit on one for 19,000 over. I took my time and did a lot of looking til I found a good deal. As for the ZO6, when my CAI comes in and I install it with my tune, I should be close to 500 RWHP.I will be getting the wheel hop issue taken care of also very soon,and if I can find some bigger wheels and tires, the ZO6's will be in the rear view mirror at a drag strip. I should easily be in the 11's.

[shelbygt500]

I paid about 52k for mine about 6k over msrp. I've seen dealers getting 65k - 75k depending on the color.

[nd1381]

I Paid $48,000. For My Coupe Out The Door With A 7 Year Warranty In December 2006.