In my opinion, it isn't the car that didnt sell, it was GM saying the 05 will have the additional 50HP last summer. Everyone waited for the 05. The GTO is not a bread and butter car like the grand prix, it is a halo/toy car.drmustang said:Look on GMbuypower. There are incentives/rebates on just about everything in GM's lineup. A 50 HP increase is not going to sell 12,000 units without some financial incentives.
Thats what I thought until I drove the 05 yesterdays. I woke up thinking about it. It feels like much more than 50 hp increase. I'm thinking about getting the 6 speed car they have coming in. This wasan auto and it impressed me very much.drmustang said:Look on GMbuypower. There are incentives/rebates on just about everything in GM's lineup. A 50 HP increase is not going to sell 12,000 units without some financial incentives.
Yes, Amazing the difference; I drove an 05 vette 6 speed over the weekend,,,AWESOME,,but hate the electric door/push button start,,,glad I got a GTO<<<WS6Vert said:Thats what I thought until I drove the 05 yesterdays. I woke up thinking about it. It feels like much more than 50 hp increase. I'm thinking about getting the 6 speed car they have coming in. This wasan auto and it impressed me very much.
I'm with ya brother. Living in Cali is a drag - I'd be driving an '04 now if they'd had the $5500 rebate here (rather than the $3500) before the 3rd of January. If the deal is xxxx amount on the east coast, I won't pay more than that here. Oh well, I can wait. I can't help but think the deals will get better with the '05's on the ground. Otherwise I'll lease a CTS.urnuts said:I went to GMBuypower and the rebates are, um, nothing. 5.9% for '04 GTOs?
5.9? You could have 2 bankruptcys, a 3 repo's and get that- well, maybe that's a bit much, but 5.9 in NO incentive at all. I believe I am correct on this.
There are lots of '04s, but the money off- even @8K (no offense to those who paid full/over MSRP) is nothing super considering it is an '04, the '05's are here, it's a somewhat (being nice) slow seller, the changes are considerable, etc. And, let's face it, like it or not, this is GM- they've painted themselves into the "huge rebate or I won't buy" corner. I'd rather pay 3-4K more and get the '05.
There was a dealer in NH offering the GTO for $10K and some change off sticker, though that included the loyalty rebate ($1500). That car was gone when I called.
I'm kind of excited about the '05- certainly with, as I mentioned (and I feel) the '04 deals not being all that great when you factor it all in.
I do wonder who will buy all these GTO's- (the '04s). As the weather gets warmer (I'm in New England), and the thoughts of these cars are more on buyer's minds, geez, the '06s will be around the corner! In climates that don't get as cold/snowy as NE- even a scarier thought. Maybe there is less excess GTO inventory in warmer states, I don't know.
I offered $9 under sticker at another dealership. Their response was: "can't go that low"- well see in 4 more months.
Sorry for the rant.
:agree :agreeBanana Goat said:I figure about one month of dealers trying to sell the '05 without rebates to the 'I gotta have it crowd' then GM will have to start doing rebates. The GTO isn't the Mustang, it has a much smaller target audience, many of which already bought an '04 GTO and are not in a position to buy the '05. Also, once the pics start coming out of the '06, the '05s will start to become 'old news'. The only things that might keep prices up on the '05s is if the '06s look like crap, it gets shelved by GM or they get a downgrade in HP compared to the '05.
On a side note, I saw a Hertz rent-a-car commercial last night advertising the Mustang. Nothing makes you feel like your car is special like 100,000 business travellers and tourists driving a car just like yours! :rofl:
ENTERPRISE Rent a Car said they will have GTO's in their fleet later this month!!!!!!!!!!!!!! Anyone wanna test drive???Banana Goat said:I figure about one month of dealers trying to sell the '05 without rebates to the 'I gotta have it crowd' then GM will have to start doing rebates. The GTO isn't the Mustang, it has a much smaller target audience, many of which already bought an '04 GTO and are not in a position to buy the '05. Also, once the pics start coming out of the '06, the '05s will start to become 'old news'. The only things that might keep prices up on the '05s is if the '06s look like crap, it gets shelved by GM or they get a downgrade in HP compared to the '05.
On a side note, I saw a Hertz rent-a-car commercial last night advertising the Mustang. Nothing makes you feel like your car is special like 100,000 business travellers and tourists driving a car just like yours! :rofl:
Ahhh, so that's what they are going to do with all of the leftover '04's they won't lease.dctex99 said:ENTERPRISE Rent a Car said they will have GTO's in their fleet later this month!!!!!!!!!!!!!! Anyone wanna test drive???
Dont worry, our time will come. With 12000 05s to sell on top of the 1000 remaining 04s, we will get that elusive lease deal yet!!intofx said:Ahhh, so that's what they are going to do with all of the leftover '04's they won't lease.:willy: