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Comments
-juice
You can tell they *really* built rebates into the price. These are going to sell for $24k or less, average probably much less than that.
-juice
I think we'll see $2000-3000 eventually, but that might take a year or two, plus Chevy will have 6 price increases per year to offset those discounts, as usual.
-juice
-juice
There should not be price increases! Look at what is does to residuals - resale is horrific on models with big rebates.
For instance, look at ALG's list, check out all the cars that earn their worst rating of just one star:
http://www.alg.com/news-information.asp?page=news_depreciation_ra- tings
It's like a list of huge rebate-getters!
-juice
It looks sharp, both inside and out, with a nice height to it (not too tall, not too short). The sliding rear seat is phenomenal -- definately a feature that sets the Chevy apart. The shelf in the rear is nice, too, as it adjusts for different types of cargo.
Unfortunately, there is one factor that ultimately dooms the Equinox -- the fact that it would be a first model year purchase. We've done that twice in the past -- a '99 VW New Beetle (I know, the NB was introduced in '98; ours was a very early model year VIN), and a 2002 Ford Explorer. While neither was truly problematic, they both have had little things go wrong which we believe would not have happened to us had they been in production for a bit longer.
So, the Chevy is off our short list.
-juice
Can't be any worse then the Escape/Tribute owners thread. I'm always reading about a ton of problems with those models. The first major recall should have come by summer time anyway.
Zeen: an over inflated MSRP means big depreciation which means your lease rate will be high. A loaded CRV's MSRP for 23K and the dealers get close to that. Now 30K for a Nox with leather and bigger wheels is a bit over done, but GM will try to max profit on the first few thousand of buyers who need to be the first to have one. Assuming at least 2K off to get closer to dealer cost, @28K this car is still overpriced.
With that engine I can see the Nox selling for low to mid 20s, definitely not 28k, not sustained any how.
-juice
This just kills your image. You put someone in a loan and he's upside down until the day it's paid off, then it's worth almost nothing. They wise up and buy something else next time.
You can't build loyalty with $32k MSRPs on compact pickups.
I believe that GM should adopt a radically different strategy. Use the Saturn model, but cut the margin from invoice to MSRP to about what dealers get in the real world. So no $2000 above invoice stickers.
Imagine that, your customers would have reverse sticker shock. It would make the buying experience hassle free, you'd get more female buyers and more young buyers.
That Colorado might be $24 grand or so, for all that's on it people would take it seriously. Residuals would be closer to a reasonable 40%. The buyer might actually trade it in for another Colorado. What a concept!
-juice
I am hoping that GM will price the residual generously to make the lease prices competitive, even if the MSRP is high. My lease expires in May and I will have a tough choice because my wife loves the look of the Nox but I'm not paying a premium lease price for it. Fortunately, there is one dealer here in Eastern PA that advertises their best possible price on leases and pisses off the other dealers.
For the heck of it, I was on chevrolet.com doing some "build and price" on a Silverado for my dad ... hypothetically to replace the 1970 C-10 1/2 ton he bought new 34 years ago. To approximate what he has (which is difficult, I might say, given that his is a true work truck), I came back with an MSRP of $23-24 grand (Base trim level, 2WD, 5.3L V8, auto tranny, standard cab, long bed). He paid $2900 for his.
Depreciation of $85.29 per YEAR! Less if he could sell it.
-juice
Any chance the 'nox will hold up that well?
-juice
Very sharp looking truck. GM will sell tons and the review in the new car and driver was very good. Hopefully GM keeps the quality high.
Thanks
If anyone hears of any Nox's hitting East coast dealer, please advise
Equinox is now in full production, no reason for late summer. The guy sounds like he was trying to sell you something he had already.
http://www.gmbuypower.com/nvlWindowSticker.bp?make=Chevrolet&- zip=19047&sellingSource=13&makeId=001&model=Equinox&a- mp;dPath=PRDP&subModelId=208&year=2005&BAC=113839.0&a- mp;modelId=059&pvc=10007&styleId=LT%201SD&style=LT%20- 1SD&cabSize=&boxSize=&driveType=AWD&wheelBase=&am- p;cabSizeId=&boxSizeId=&driveTypeId=8&wheelBaseId=&am- p;VIN=2CNDL73F256001436&nextVin=2CNDL73F556002869&previou- sVin=&currPosition=0&iPi=4&fPi=4&BAC=113839.0&- ;vehModuleDesc=Equinox%20AWD%20LT%201SD
First off, the interior while different still seems a bit the same. The quality of materials is a bit better than our 2002 Vue and the controls seem familiar in terms of placement. Over the Equinox feels a bit more solid than the Vue and also a little bigger though the inside seems about the same in size. The power felt as good if not smoother than the 3.0L in the Vue and the over all refinement seemed a step up in my opinion. I have not driven a 2004 Vue with the 3.5L in it and I'm only comparing to my Vue but over all I would say the Equinox is a very nice rig. If our Vue was gone tomorrow I might very well replace it with a Chevy. Good work GM!!
I saw that one of the car magazines (Car and Driver?) had a decent review of the Equinox also. Looks to me like GM will have a big hit on it's hands. I can't imagine the vehicle not being a hot seller on looks alone.
-juice
That is impressive. Can that info be accurate?
-juice