Price Headed Up or Down?

[Paw]

It's definitely a case of two stories right now. I just bought my Stinger a couple weeks ago. My local dealer was charging $10K over MSRP for the one they had on their lot with another one on the way. The dealer I bought from gave me $5K off MSRP for the one they had on their lot with another one on the way.

If the Stinger ends its run within the next year, it will likely be due to low sales. That doesn't merit an increase in price. It's only the supply issue that's causing the insanity today. The potential benefit though is that due to its unique nature, the end of the Stinger could bode well for the resale market. The Pontiac G8 GXP was canceled in part due to low sales and in part due to the cancelation of Pontiac. A used 2009 G8 GXP with less than 50,000 miles on it can fetch upwards of $40K. That's more than they retailed for new. It's Chevy sister, the SS, is canceled and goes for a decent price. That MSRP'ed at around $45K and a low mileage one will fetch $40-50K.

While I would never encourage anyone to buy a Stinger banking on great resale, I do see the possibility for it, especially if it's canceled.

Thanks for sharing your experience. That really is a case of two different approaches by those two dealers. And, yes, I too agree that low inventory is definitely a key factor driving the cost way up in some settings. By the way, what trim/color did you get?

 

[JSolo]

I had to drive out ~50 miles to get to a dealer that wasn't charging over msrp. In fact, it was about 7.5% below msrp net. Not a "excellent" deal, but figuring the 3-4K inflated trade value from carmax, made it more worth while.

The incentives this month look to be about the same, $1000/1500 gtline/gt respectively, or 0%/low financing. I say choose the rebate then refi as your earliest opportunity with a low rate credit union.

 

[Dan12R]

Thanks for sharing your experience. That really is a case of two different approaches by those two dealers. And, yes, I too agree that low inventory is definitely a key factor driving the cost way up in some settings. By the way, what trim/color did you get?

It's a 2022 GT2 with the Scorpion Package in white with black interior. A friend of mine called it "If a Stormtrooper was a car."

 

[Transmetal]

It's a 2022 GT2 with the Scorpion Package in white with black interior. A friend of mine called it "If a Stormtrooper was a car."View attachment 61614

That's the only angle I've seen were the spoiler doesn't look half bad imo.

 

[stoopid]

If the Stinger ends its run within the next year, it will likely be due to low sales. That doesn't merit an increase in price. It's only the supply issue that's causing the insanity today. The potential benefit though is that due to its unique nature, the end of the Stinger could bode well for the resale market. The Pontiac G8 GXP was canceled in part due to low sales and in part due to the cancelation of Pontiac. A used 2009 G8 GXP with less than 50,000 miles on it can fetch upwards of $40K. That's more than they retailed for new. It's Chevy sister, the SS, is canceled and goes for a decent price. That MSRP'ed at around $45K and a low mileage one will fetch $40-50K.

The G8 and SS are V8 engines, that's the reason for the allure.

 

[Paw]

It's a 2022 GT2 with the Scorpion Package in white with black interior. A friend of mine called it "If a Stormtrooper was a car."View attachment 61614

Your car looks absolutely great. Congrats on your purchase, and enjoy your car.

 

[Kram]

Digging those Scorpion package wheels - escpecially with the white car. Nicely done!

 

[Tiger_Trj]

It's definitely a case of two stories right now. I just bought my Stinger a couple weeks ago. My local dealer was charging $10K over MSRP for the one they had on their lot with another one on the way. The dealer I bought from gave me $5K off MSRP for the one they had on their lot with another one on the way.

If the Stinger ends its run within the next year, it will likely be due to low sales. That doesn't merit an increase in price. It's only the supply issue that's causing the insanity today. The potential benefit though is that due to its unique nature, the end of the Stinger could bode well for the resale market. The Pontiac G8 GXP was canceled in part due to low sales and in part due to the cancelation of Pontiac. A used 2009 G8 GXP with less than 50,000 miles on it can fetch upwards of $40K. That's more than they retailed for new. It's Chevy sister, the SS, is canceled and goes for a decent price. That MSRP'ed at around $45K and a low mileage one will fetch $40-50K.

While I would never encourage anyone to buy a Stinger banking on great resale, I do see the possibility for it, especially if it's canceled.

what dealer im looking for one now

 

[GPhenom]

I regularly check Auto Trader and my local dealers. Seems like the prices are coming down a bit. Many dealers have been listing at MSRP and swearing all the other dealers are charging way above. Lately I've been seeing more GT2s (what I'm shopping for) listed at $51-52K. I'm sure there are some dealer shenanigans on some of those. But there were almost no listings under $53K a month ago.

 

[MT85]

I regularly check Auto Trader and my local dealers. Seems like the prices are coming down a bit. Many dealers have been listing at MSRP and swearing all the other dealers are charging way above. Lately I've been seeing more GT2s (what I'm shopping for) listed at $51-52K. I'm sure there are some dealer shenanigans on some of those. But there were almost no listings under $53K a month ago.

I have an offer to buy a 2022 GT2 AWD for $51K, so they are coming down slightly in prices for sure. Or maybe they just want to get one more car sold before the end of the month.

 

[WRXtoStingerGT]

I have an offer to buy a 2022 GT2 AWD for $51K, so they are coming down slightly in prices for sure. Or maybe they just want to get one more car sold before the end of the month.

nice!

 

[G-482225]

It’s because the gt-line and premium models don’t have the v6 so nobody wants them. It was stupid move on behalf of kia to even release those to the public. Should have always been GT, GT1, GT2, GTS

 

[Transmetal]

It’s because the gt-line and premium models don’t have the v6 so nobody wants them. It was stupid move on behalf of kia to even release those to the public. Should have always been GT, GT1, GT2, GTS

Idk, in my area most of the Stingers that I see are gt-line cars. So somebody wants them.

 

[stoopid]

Idk, in my area most of the Stingers that I see are gt-line cars. So somebody wants them.

Some do (hi JSoto), but I'm betting there's a large number of "that's what they had left on the lot" or "this puts me within my budget" purchases. The attraction to the car is the 3.3TT drivetrain, with the lesser percentage of buyers who buy solely for the looks and options at the price.

The 4 cylinder, especially the 2.5T, is a very relevant option on the car market at its price point. Loaded with options (markup) and it's a solid money maker for Kia. It's not the compelling Stinger drivetrain, but for some people good enough is good enough. Until the Stinger, I was in the 300-ish HP class car demographic, until it wasn't 'good enough' for me any more.

 

[Transmetal]

Some do (hi JSoto), but I'm betting there's a large number of "that's what they had left on the lot" or "this puts me within my budget" purchases. The attraction to the car is the 3.3TT drivetrain, with the lesser percentage of buyers who buy solely for the looks and options at the price.

The 4 cylinder, especially the 2.5T, is a very relevant option on the car market at its price point. Loaded with options (markup) and it's a solid money maker for Kia.

Crazy thing is that in this car market a used gt-line car goes for more than what I paid for my base awd gt car brand new. I know I don't have all the bells and whistles but at least I have the 3.3tt

Obviously some don't care about having the extra power.

 

[stoopid]

Crazy thing is that in this car market a used gt-line car goes for more than what I paid for my base awd gt car brand new. I know I don't have all the bells and whistles but at least I have the 3.3tt

Agree, I'm grateful to get in when I did for this very reason. Current pricing = no Stringer for me, if I was looking today.

 

[Transmetal]

Agree, I'm grateful to get in when I did for this very reason. Current pricing = no Stringer for me, if I was looking today.

Yeah, you and me both. I was at the dealership this morning and they wanted 55k for a 2022 Scorpion package with 10k miles, WTF???? A new gt2 was going for 45 grand at the time when I bought my car. Can't touch a gt2 for under 50k now. I had to stay under 40k so I definitely wouldn't have been able to get one.

 

[stoopid]

Yeah, you and me both. I was at the dealership this morning and they wanted 55k for a 2022 Scorpion package with 10k miles, WTF???? A new gt2 was going for 45 grand at the time when I bought my car. Can't touch a gt2 for under 50k now. I had to stay under 40k so I definitely wouldn't have been able to get one.

Yup, at $40k the GT was the perfect price/performance balance. We may be inflated now (new normal) where that $40k car is now $50k though.

 

[Jasonarmstrong]

That must be a regional thing. Prior to this insanity the Kia dealerships near me always had way too much in inventory. So much so that they'd park dozens of cars on an overflow lot down the street (Kia Raleigh) or out back behind the used car dealership (Kia Cary). I think it was early last year when I counted over 30 Stingers behind the used car area of Kia Cary.

I have 8 Kia dealerships within 50 miles of me. One of them has 13 Stingers (Kia Cary again). One of them has 9 vehicles TOTAL (mostly Fortes). Another has a total of 13 vehicles. Of those 8 dealerships only one has any Stingers.

I think Kia is prioritizing there more successful dealerships over others.

But things are just really crazy right now.

My what a difference a year makes...hendrick had 3 in the showroom 2023 in late July when I bought mine Raleigh and Wake Forest none and Wendell kia sold their last hi chroma red the Saturday before I went looking. No 2022s anywhere or GT lines.

 

[JSolo]

Some do (hi JSoto), but I'm betting there's a large number of "that's what they had left on the lot" or "this puts me within my budget" purchases. The attraction to the car is the 3.3TT drivetrain, with the lesser percentage of buyers who buy solely for the looks and options at the price.

The 4 cylinder, especially the 2.5T, is a very relevant option on the car market at its price point. Loaded with options (markup) and it's a solid money maker for Kia. It's not the compelling Stinger drivetrain, but for some people good enough is good enough. Until the Stinger, I was in the 300-ish HP class car demographic, until it wasn't 'good enough' for me any more.

I think this was meant for me (JSolo). The 6 cyl would put me out of my price range. I couldn't justify paying $50K+ for a kia. Part of it had to with my last poor experience with the optima. $40K was my ceiling.

My car didn't come with the sunroof/stereo option, just the plain gt-line. There were some bogus addons like the useless floor mats and $500 for a paint job. The only useful option was the automatic day/night rear view mirror with garage opener.

Sure I would of loved the 3.3 but fuel costs were also a consideration. Power wise, I'd say the gtline is a lateral move relative the G37 I had before. Probably even faster as more usable torque is lower in the rev range. What's missing are nicer seats, sharper handling, and better engine sound.