how do you figure the drop off rate to be 40% that seems high to me? Is this based on the C7
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Originally posted by stryker1969 View Posthow do you figure the drop off rate to be 40% that seems high to me? Is this based on the C7
For me I was number 17 and I’m now number 16 after the 5% deposit so that 40% didn’t apply or even come close for me
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Supposedly some change their mind....ir no manual transmission, some dont like the look, so,etimes its personal and the buyer has a spouse that says are you crazy.....some are getting divorced , some are newly separated, some lose their jobs, some get demoted, some all of a sudden find out they are having a kid...
some unfortunately have a health related issue .....
the list can be varied...
some have multiple reservations at various dealers.....
thats the most common....in my opinion...
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Quite a few people have reservations at multiple dealers, and will obviously cancel all but one.Delivered 5/29!: Scarlet Fever 2021 2LT HTC, Red Mist Metallic Tintcoat, two-tone Naturalw/ suede inserts, Mag Ride, Performance Exhaust, MRR 755 Gunmetal wheels
Proud member of the Old Dominion Corvette Club: https://www.olddominioncorvetteclub.org/
Never grow up - It's a trap.
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Originally posted by John Parker View PostGators2020, you don’t know if ten people after you have dropped out. The math is faulty.
to me. There’s a chance that 40% drop rate occurred after my number but also isn’t likely given that the dealership only has 40 reservations at the time I placed my 1100 order.
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If it is an industry wide 40%?
The rate also has a temporal dimension. It changes with time. Not all drop on the same day, nor same stage and some may later get in again. Sounds like it means that 60 % ultimately take delivery and 40% do not. And is a rule of thumb.
If all 100% placed deposits, made orders, marshaled financials, and complied with all purchase perquisites, except that 40% refused for whatever causes to close the deal on the delivery date , then that is still a 40% that dropped off. Same as if they earlier refused to answer the dealer's notice/ call when their number was reached. Or correct my error if necessary.
I know a wife who torpedoed a C7 purchase at closing because the family was 3 and only 2 seats. Blew it up. Said it was divisive.Last edited by SheepDog; 08-27-2019, 07:33 PM.
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Medical, divorce, financial, I bought a 427 C2, 1967 instead, etc., are just some of the many reasons in additions to drop offs who were on multiple dealer’s pre-order lists. A member of this forum must moved from being # 3 at his dealership, because of those factors and also because two above him only will a certain color that is temporarily constrained. The drop off reasons are truly endless.
So many factors collectively add up, as a long term average when demand exceeds supply, in a 40% drop off rate. Source = Mike Furman.Z06 coming late this summer: Hypersonic Gray HTC, two tone blue interior, complete high wing/aero package. CCB’s, with every piece of visible carbon fiber available. Lifetime, annual contributors, and 24 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.
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Originally posted by WillRockwell View PostIntroduction of the Spyder will cause a lot of orders to change, falling down the list. Maybe even me. Isn't that supposed to come soon?Delivered 5/29!: Scarlet Fever 2021 2LT HTC, Red Mist Metallic Tintcoat, two-tone Naturalw/ suede inserts, Mag Ride, Performance Exhaust, MRR 755 Gunmetal wheels
Proud member of the Old Dominion Corvette Club: https://www.olddominioncorvetteclub.org/
Never grow up - It's a trap.
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I bought a 427 C2, 1967 instead,C8 Coupe, Zeus Bronze, 3LT, TU7, HUE, GUI, CF7, EFY, EYK, J6N, NPP, E60, STI, VQK
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Originally posted by WillRockwell View PostIntroduction of the Spyder will cause a lot of orders to change, falling down the list. Maybe even me. Isn't that supposed to come soon?Vette's owned: 99 Sebring Silver Convert - 10yrs, 2008 Crystal Red Convert,w/cam, longtubes and Vortech supercharger. C8 VIN 00336 built on 2/10/20 - Delivered 3/18/20 C8 Spec: Torch Red 2LT, Z51, FE4, E60, CF7, FA5, AH2, HUL, J6E, TU7, 3F9, Q8P, 5ZU, R8C
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