Chevy Dealer Doubles the Price of a 1LT 2020 Corvette, Now Priced at $143,240 – Update w/ Dealer Statement

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Chevy Dealer Doubles the Price of a 1LT 2020 Corvette, Now Priced at $143,240

Photo Credit:Copeland Chevrolet


Update: The dealer has reached out to us and told us that this was a system error with the car being listed on their website at double the MSRP. I have added their statement below:

I am the Executive Manager at Copeland Chevrolet. Your recent blog post about us selling a Corvette for double MSRP is based on an error. This unit has been pre-sold and customer ordered since day 1 of Corvette ordering. Our system was set to filter out all units priced over MSRP. So in the back-end of our system 2020 Corvette was set at a ridiculous percentage of MSRP to block them from being posted. Once this unit was built and invoiced it entered our computer system without being marked sold and the filter due to recent GM inventory system changes failed. Our store has sold all of our 2020 orders at MSRP for current Copeland Chevrolet customers or MSRP + $3,000 for all non-Copeland Chevrolet customers. This yellow one is actually sold to a close business partner and is being sold for less than MSRP. I know many stores are gouging on these, but we are not and this was simply an error. I hope that you will update your blog post so that customers know we are not taking part in these practices.

I have attached a screenshot from GM ordering that shows this VIN is retail sold. The dealers doing this deserve the bad press, but we are not and this was simply an error.

We don’t have 1 unsold Corvette available as they were all pre-sold during the initial ordering to mostly our current customers for MSRP. One out of state customer who is not our customer ordered one for MSRP + $3,000. That is the most we have sold one over sticker.

I hope you will adjust your blog post to reflect this. We appreciate it. Attached is the back-up on the VIN you posted about. It is was ordered retail sold and I have blacked out the customers info for their privacy.


Jason Pappas
Copeland Chevrolet
Executive Manager
Phone: 508.586.7900



Two weeks ago we told you about a Chevy dealer in Texas who added a $37,970 market adjustment to the cost of a new 2020 Corvette and selling it for $119,995.

Copeland Chevrolet in Brockton, MA saw that market adjustment and said, “hold my beer.”

In perhaps the most shameless display of greed I have seen yet, the dealer has doubled the price of a 1LT Corvette Z51 with an MSRP of $71,620 and is now offering it for sale at $143,240!

Chevy Dealer Doubles the Price of a 1LT 2020 Corvette, Now Priced at $143,240


The 2020 Corvette Stingray Z51 Coupe wears VIN 5118 and is painted in the new Accelerate Yellow with Adrenaline Red interior, and features Black Trident Spoke Wheels, Carbon Flash dual racing stripes and yellow calipers. A Carbon Flash High Wing (now discontinued) is also offered.

We’ve stated before that Chevrolet dealers are independent businesses and can sell their vehicles at whatever price they think they can get for it. And unfortunately, someone with more money than brains will purchase it at that price. After all, that 2020 Corvette offered by Cooley Chevy in Texas is no longer available, so they got paid while the rest of you on various waiting lists are, well, still waiting…

Chevy Dealer Doubles the Price of a 1LT 2020 Corvette, Now Priced at $143,240


We really hope that the Corvette Team is paying attention and perhaps a “market adjustment” in the form of reduced allocations might be coming this fall to Copeland.

For those of you thinking of doing business with these guys, might we recommend our friends at MacMulkin Chevrolet in Nashua, NH, which is just under an hour away.


Source:
Copeland Chevrolet

Related:
Market Adjustment: Texas Chevy Dealer Offering a 2020 Corvette for $37,970 Over Sticker
Corvettes for Sale: This 2020 Corvette is Headed to New Zealand with a $259,800 Price Tag
Corvettes for Sale: A 2020 Corvette Stingray for $159,880

 



26 COMMENTS

  1. I hope everyone tempted by the availability of a C8 1LT in the market place can realize they can order a 2021 3LT Convertible with every option and keep the change and have it in about 7 months. The greed of anyone that can betrays their brand by that much Should loose their franchise and never get to sell another Chevrolet New! If you can wait 13 months and have that kind of money order the 2022 C8 Z06 and have the first undisputed Corvette Super Car!

  2. It is nice to see the positive comment about MacMulkin at the end of the article. I bought a Corvette from them on a Tuesday night, and it was shipped 700 miles and in my garage by Sunday afternoon. They were a pleasure to work with, really. Great experience!

  3. One thing I will assure you is that Corvette will lose half its value the minute it leaves the lot!

  4. Insane! Why would anyone want to pay twice the cost of the window sticker, shouldn’t be the other way around? Less than Window Sticker? BTW I am waiting for my ordered C-8, hoping for September.

  5. HOPE THEY GO OUT OF BUSINESS THEY ARE JUST SCUM! DO ONE WELL OFF OR NOT SHOULD EVER PAY FULL LIST FOR ANY CAR!

  6. Whoever ends up with it will have one of the ugliest Corvettes built in 2020. Yellow over Adrenaline red ? Buyer will have to be color blind.

  7. Hello,

    I am the Executive Manager at Copeland Chevrolet. Your recent blog post about us selling a Corvette for double MSRP is based on an error. This unit has been pre-sold and customer ordered since day 1 of Corvette ordering. Our system was set to filter out all units priced over MSRP. So in the back-end of our system 2020 Corvette was set at a ridiculous percentage of MSRP to block them from being posted. Once this unit was built and invoiced it entered our computer system without being marked sold and the filter due to recent GM inventory system changes failed. Our store has sold all of our 2020 orders at MSRP for current Copeland Chevrolet customers or MSRP + $3,000 for all non-Copeland Chevrolet customers. This yellow one is actually sold to a close business partner and is being sold for less than MSRP. I know many stores are gouging on these, but we are not and this was simply an error. I hope that you will update your blog post so that customers know we are not taking part in these practices.

    Jason Pappas
    Executive Manager
    Copeland Chevrolet

  8. Really If your car sales are down? Don’t try to make up for it in one car sale. What a way to guarantee your car sales will even be worse in the coming months, Jerk!!

  9. So Copeland Chevy says they don’t gouge, yet the tack on an extra $3k because you are not a customer? Sounds like gouging to me. I’ll also agree with the Macmulkin comment. I’ve bought my last 2 their at a sizeable discount.

  10. Jim Crannell. All Chevy dealers received a allocation cut of about 40-50% due to COVID-19. Yes, we reserved our allocation of 5 to our most loyal customers. We had hundreds of requests from out of state that could never be filled and from our local market customers. If you were not a current customer and one of our customers cancelled you were placed on a wait list for a MSRP + $3,000 order. That was WELL below other market adjustments around Boston. MacMulkin is one of the #1 Corvette dealers in the United States and they received allocations for 100’s for 2020 Corvettes. So yes, smaller Corvette dealers with 5 will charge a market adjustment over MSRP. All of ours except for one was sold for MSRP. The one sold over MSRP went to the West Coast and the MSRP + $3,000 covers logistics on such a transaction. On a limited production vehicle that has way more demand than supply and that is even worse now due to COVID-19 then yes, MSRP + $3,000 is far from gouging. We felt our loyal customers deserved our limited allocation and as such they were sold the vehicle at MSRP.

  11. Perhaps the writers need to do a little research before writing a story. This article make you look stupid, I give you credit for writing an update to the original but go read the comments of the readers. All you did was get all the ignorant people on here up in arms over a computer problem. Now people say they hope the dealer goes out of business and that they are scum when it’s the writer of the article that’s scum for not making sure everything was accurate before typing the first word.

  12. If they claim the listing was just a place holder in their system then why would they go to the trouble of adding a whole bunch of pictures of the car?
    Seems to me that the “business partner” owns the allocation but it’s on the lot for the dealer to sell at what ever they can get for it. This is still price gouging, Infact so is $3000 over MSRP.
    If the “business partner” owns it maybe they should take it home.

  13. Wow, after that update the original article really looks bad. But I can tell from how unprofessional your writing is, you’ve never heard the word journalism outside of a dictionary.

  14. I don’t think it was a computer error till they got called out. Too many dealers have been adm hot cars. Its sad.

  15. Dealer seems pretty stand up to me.

    Very professional response and seems like you sold your Corvettes at a reasonable price.

    I honestly think more dealers should sell to previous customers at a discount like you have done. I purchased a 350z convertible when it first hit the market. Only one dealer within 30 miles had one in stock and they wanted a $3500 dealer markup, I requested they remove the markup and I’ll buy right now. They were stubborn.

    I told them to fly a kite and ordered from another dealer 8-10 week wait, for $700 under MSRP. A few weeks later they called asking if I was still in the market and we’re upset when I gave them, yes at $1000 off MSRP plus $500 more for my trade. Manager game call back they came down to $750 off and $500pre trade in. I picked it up that night. Then went to other dealer, cancelled my order and gave the salesman an envelope with $200 for his troubles. He was upset but then called a few days later and said thank you and didn’t believe I gave him money.

  16. All you idiots belly aching over someone selling a 2020 over invoice, try to jump start your only 2 brain cells. The people that pre-ordered in many cases put $3,000 to $6,000 down as a deposit. They haven’t seen that money since last August and September, so they’ve lost money on that money (you can easily make 12-20% on your money if you’re running your own business) and now that demand is making it possible for them to sell these 2020’s and make some money, you wanna cry and moan about it because you weren’t smart enough to get in on the ground ordering floor. America was not founded on the principal of “keep all cars at MSRP for idiots” who might want that particular model. Have any of you ever seen an auto auction at Mecum, Barret-Jacison, Auburn? Geeeeeeeeeeeee! People who want to make a living and support their family, might sometimes actually sell a car over invoice. Go back to your crib with a teddy bear and shut up.

  17. These comments show that opinion is fired up about this topic. I spent my life looking for deals on cars and got those deals on a lot of cars. Turns out, that for me, most of those cars that I got for “deal” turned out to be less than good cars and in some cases bad cars or lemons. That said, the last three cars I bought appeared to be at a discount, but I didn’t have Mike Davenport at my side and so a bunch of fluff made it past my 2 brain cells. Each of those cars turned out to be very good. Then came the C8. This is the first time in my life, (now retired for 14 years) that I suddenly fell in love with a car and decided that I had to have it, that I could afford to go look for it. I will not again recount my journey, but when I arrived at the C8 that I decided to buy, so blinded was my desire to get into that car and drive away, that I did in fact pay a mark-up. Beyond that, I did not even realize while in my personal fog that I also bought some fluff that I neither wanted or needed. Here I am 3 months later with my car, which has had troubles and is in the dealer now, and yet I’m still happy with the purchase. I did go over the paperwork and was able to unload a few thousand dollars worth of needless stuff and get a refund on those, “options.” Having had a few collector cars, there was just something about the C8, optioned a certain way, that was a carrot out in front of me that I believed that I just had to have. Moving ahead in time, if I wanted one, I might be able to get a Z06. However, thus far, I can’t handle my C8. It has some sort of electrical problem and I hope it is not one of those that can never be solved. Because when I drive the car it is no lemon but a screaming super car. These future C8’s do not relegate the Stingray to less than a super car, those future C8’s are simply yet another level of super cars. AF

  18. 15 years ago when I was looking for a new Z06 I could only find them online for $5,000 to $25,000 over MSRP. I ordered one locally from Bob McDorman Chevrolet (no longer in business) for MSRP. Didn’t receive it until the next model year though. Worth the wait.

  19. I love how almost nobody reads previous comments. In fact someone was still calling them scum literally 5 minutes after they posted what really happened. And yes, if you’re really going to make such demeaning remarks about a dealership or a person, you should at least verify that the information is accurate. Especially when it’s something as extreme as this that obviously could have a different explanation. Really made corvetteblogger look pretty bad.

  20. Why does this dumb site not want to post my comment because it thinks I’ve already made the same comment and it’s my first time posting? I love how almost nobody reads previous comments. In fact someone was still calling them scum literally 5 minutes after they posted what really happened. And yes, if you’re really going to make such demeaning remarks about a dealership or a person, you should at least verify that the information is accurate. Especially when it’s something as extreme as this that obviously could have a different explanation. Really made corvetteblogger look pretty bad.

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