Reminder on Price protection policy....

[deluke]

Pleas make sure you read entire post. You could possibly still get price protection from the dealer if your preliminary order isn't in but he has other things he would have to do but it is possible.


INFORMATIONAL POST ABOUT PRICE INCREASE AND PRICE PROTECTION PROCEDURES. NO REPLIES ABOUT IF THE INCREASE WAS NEEDED PLEASE. JUST PROCEDURE QUESTIONS. THANK YOU


PRINT - CUT AND SAVE FOR DELIVERY TIME

Looks like Pontiac may be announcing a price increase later today, that includes the Solstice. It hasn't been announced as of yet, so I changed the wording in a Chevrolet announcement to get the thread started. Will come back later and change anything as needed.

I have put toghether this information. If it sounds familiar to some, it is because I took much of it from posts I made after the December 2005 price increase.




Quote:
Subject: 2007 Pontiac Interim Price Change Effective 8/28/2006


Pontiac will announce revised 2007 model year Suggested Retail prices effective with vehicles produced on or after August 28, 2006. The revised Suggested Retail prices will affect the Solstice, Vibe, G6, Grand Prix and Torrent. Dealer invoice amounts will increase accordingly. Dealer discounts remain unchanged.

Dealer price schedules will be available in GM Dealerworld under Sales &/Or F&I Tabs effective August 28, 2006.

All qualified bona fide sold retail orders entered in VOMS on or before August 27,2006 and delivered to the original customer after that date will be price protected. These units will be invoiced at prices in effect at the date of production; however, the dealer open account will automatically be credited for the price increase once the unit has been delivered.



Here is some of the Price Protection Guidelines. When they use the term "Model Year" it is a clander reference not a production year reference. These types of programs run the duration of a "Model Year" on the calander, October 1st to September 30th. You will see this program expires September 30, 2006. Somtime before that point it should be replaced by program 07-20, which will be for the 2007 "model Year" and run October 1, 2006 to September 30, 2007.


Quote:
Originally Posted by GM 06-20-1 (edited by Small Dealer)

Program Number: 06-20-1
Program Name: CORPORATE PROGRAM 2006 MY GM PRICE PROTECTION PROGRAM

2. Program Description:

THIS IS A REVISION TO AND A REPLACEMENT OF PROGRAM NUMBER 06-20
(ADMIN MESSAGE NUMBER BAI20051519). SATURN DIVISION IS BEING ADDED
TO THESE GUIDELINES. CHANGES ARE INDICATED WITH A POUND (#) SIGN.
ALL OTHER GUIDELINES REMAINED UNCHANGED.

A PRICE PROTECTION CREDIT IS ISSUED TO CUSTOMERS FOR ELIGIBLE GM CARS
AND LIGHT DUTY TRUCKS AFFECTED BY AN INTERIM PRICE INCREASE, EXCLUDING
THOSE ITEMS REFERENCED IN THE VEHICLE TERMS OF SALE BULLETIN.

IMPORTANT PROGRAM NOTES:

-CUSTOMER ORDER DATE MUST BE PRIOR TO THE PRICE INCREASE EFFECTIVE
DATE (I.E., IF PRICE INCREASE DATE IS ON THE 2ND OF THE MONTH,
CUSTOMER ORDER DATE MUST BE NO LATER THAN THE 1ST OF THE MONTH).

-THE PRODUCTION DATE OF THE VEHICLE MUST BE ON OR AFTER THE EFFECTIVE
DATE OF THE PRICE INCREASE.

-THE VEHICLE MUST BE DELIVERED TO THE CUSTOMER WHO ORDERED THE UNIT
AS SOON AS POSSIBLE AFTER DEALER RECEIPT.

3. Program time period:

# APRIL 17, 2006 THROUGH SEPTEMBER 30, 2006 (DELIVERED)

4. Eligible models/required options/order types and allowances:

ELIGIBLE MODELS:
REFER TO DIVISIONAL PRICE INCREASE NOTIFICATION.


5. Method of application/incentive code/ final date for submission of applications and resolution of rejects:

METHOD OF APPLICATION:

- AUTOMATIC VIA ORDER RECORD ('DLVY TO' INFORMATION MUST EXACTLY
MATCH THE 'ORDER BY' INFORMATION.)

- CUSTOMER NAME IS REQUIRED ON ALL SOLD ORDERS.

NOTE: IF CREDIT HAS NOT BEEN RECEIVED WITHIN THIRTY (30) DAYS OF THE
REPORTED VEHICLE DELIVERY DATE, CONTACT THE DEALER BUSINESS
CENTER SALES SUPPORT AT X-XXX-XXX-XXXX prompt X. AT THAT
TIME, THE DEALER BUSINESS CENTER WILL DETERMINE IF ADDITIONAL
INFORMATION IS REQUIRED. IF NECESSARY, THE FOLLOWING DOCUMENTS
WILL BE REQUESTED FOR VERIFICATION OF ELIGIBILITY:

- COMPLETED ICR FORM REFERENCING INCENTIVE CODE 'PPT'

- SIGNED AND DATED COPY OF THE CUSTOMER PURCHASE ORDER
INCLUDING PRICES

- SIGNED AND DATED COPY OF THE CUSTOMER BILL OF SALE/LEASE
AGREEMENT

9. Other Program Guidelines:

A). PROTECTION ELIGIBILITY DATES ARE DICTATED BY THE CUSTOMER AND
DEALER ORDER DATES AS FOLLOWS:

-CUSTOMER ORDER DATE MUST BE PRIOR TO THE DATE OF THE PRICE
INCREASE.

-DEALER SYSTEMS ORDER DATE MUST BE NO MORE THAN ONE WORK DAY
AFTER THE DATE OF THE PRICE INCREASE.

B). OPEN ACCOUNT CREDIT WILL BE ISSUED AUTOMATICALLY BY DEALER
ACCOUNTING FOLLOWING DELIVERY OF A SOLD ORDER IF PROGRAM
PARAMETERS ARE MET, I.E., ELIGIBLE ORDER DATE/TYPE/MODEL/OPTION
CONTENT, ORDERING/DELIVERING NAME MATCH, ETC.

C). DEALER SYSTEMS ORDER DATE MUST BE NO MORE THAN ONE WORK DAY
AFTER THE DATE OF THE PRICE INCREASE ON ORDERS THAT ARE PRICE
PROTECTED ON THE INVOICE (FLEET WITH FVX/VQ, ETC.). ORDERS
ENTERED MORE THAN ONE CALENDAR DAY AFTER THE DATE OF THE PRICE
INCREASE WILL GENERATE INVOICES AT AN INCREASED PRICE LEVEL. PRICE
PROTECTION, WHERE APPROPRIATE, CAN BE REQUESTED ON THESE ORDERS
ACCORDING TO INSTRUCTIONS IN GUIDELINE 5.

E). IF YOU HAVE ANY OTHER VEHICLE DEEMED ELIGIBLE FOR PRICE PROTECTION
THAT WAS NOT GENERATED ON THE INVOICE OR CREDITED AUTOMATICALLY
WITHIN ONE MONTH FOLLOWING DELIVERY OF THE VEHICLE, (E.G. CHANGING
A STOCK ORDER TO SOLD, INCORRECT FLEET ORDER, PROBLEMS WITH
ORDERING NAME MATCHING DELIVERING NAME), CONTACT THE DEALER BUSINESS
CENTER SALES SUPPORT AT X-XXX-XXX-XXXX prompt X.

F). A DEALER SHOULD REQUEST A CHARGEBACK OF ANY MONEYS PAID AUTOMATICALLY
THAT ARE NOT DUE BY COMPLETING AN INCENTIVE INFORMATION REQUEST FORM
(ICR). THE VIN AND INCENTIVE CODE 'PPT' SHOULD BE INCLUDED WITH AN
EXPLANATION OF THE SITUATION.

H). UNLESS A VEHICLE IS PRICE PROTECTED ON THE INVOICE, THE DIVISION
REQUIRES THAT THE VEHICLE BE DELIVERED PRIOR TO PAYMENT OF PRICE
PROTECTION.

I). PRICE PROTECTION MUST BE REFLECTED ON BILL OF SALE AND CUSTOMER
ACKNOWLEDGEMENT AND/OR ASSIGNMENT FORM IS REQUIRED.

J). DEALERS ARE RESPONSIBLE TO VERIFY THE ACCURACY OF ALL PRICE
PROTECTION CREDITS.

K). DELIVERY DATA MUST BE RECEIVED PRIOR TO PAYMENT.



Keep in mind that the procedures I have refered to are just for automatic price protection payment to the dealership (so they can pass it on to the buyer). Price protection can still be obtained in certain cases through an application process.

Based on the price protection guidelines, that have I been posting from, there are actually two types of price protection, "automatic" and "work hard at it".

Automatic has several requirements. The sold ordered must be taken before the price increase takes effect. The order must be placed in VOMS within a day of the price increase. It must be entered as a retail sold order with a buyers name and address. The car must be delivered as soon as possible. It must be delivered in the name and address of the buyer as listed on the order in VOMS. If all these take place then the dealership will automatically received credit for the increase in price from GM/Pontiac.

Work hard at it would be any situation that dosen't meet all the requirements for automatic. Because it is applied for manually, it requires more paperwork and it has to be completed correctly. There must be a buyers agreement with prices executed before the price increase date. The car must be delivered/sold at the old price. The buyers agreement/incentive acknowledgment must list the price protection. All that is submitted along with a special form to GM for consideration.



Now last year some site members ran into this situation with price protection.


Quote:
Originally Posted by Small Dealer
I have thought of a situation where a dealership may believe that a otherwise qualified buyer should not get the benefit of price protection. If the sales agreement is for "MSRP" or "Sticker" but not a dollar amount. The dealership could feel that they are deserving of the new higher "MSRP" or "Sticker" price, since a dollar value was not promised.

In this case if ordered properly, the dealership will be receiving reinbursement for the price increase. So in effect they will be getting more then that said they would be willing to take for the sale.

Anyone in this situation should just tell the dealership that they know they are receiving the money and that it should be passed to you in the form of the lower older MSRP.



To make sure that you are price protected you will need at minimum:
1) A signed Purchase Agreement dated bfore the price increase and listing the old price.
2) The car delivered at the old price.
3) Signed Bill-of-Sale showing delivery at the old price.
4) Signed Incentive Acknowledgement form listing Price Protect as being recieved.
5) Signed Odometer Statement for the date of delivery.

It would help if there was Autobook print outs with the order information and pricing, dated before the increase. If the order was correctly in VOMS or Dealer Workbench as a Retail Sold order before the increase. If the car is delivered to the same name and address that it was ordered in.




INFORMATIONAL POST ABOUT PRICE INCREASE AND PRICE PROTECTION PROCEDURES. NO REPLIES ABOUT IF THE INCREASE WAS NEEDED PLEASE. JUST PROCEDURE QUESTIONS. THANK YOU

[Pitcom]

Deluke, do you know anyone who might have this bulletin for Saturn?

[deluke]

Originally Posted by Pitcom

Deluke, do you know anyone who might have this bulletin for Saturn?

Sky Spy should have one. I know he posted the rules before. I'll try to search.

I can't find Sky Spys thread with this new format they have now. But I'm sure he will post it again tonight or tomorrow. But the policy is pretty much the same. Really Pitcom, don't worry. First your car is built and bailment invoice sent. already. Also, trust me. It is price protected if you have a preliminary order in.

The only thing you should be worring about is when is the inspection be done.

here is a post from Sky Spy:

I had posted about this before... HERE is the post!!!

Here is the updated version...

If your NAME is on a PRELIMINARY ORDER (If you have an ORDER Number, 6 alphanumeric digits assigned to your name you have a preliminary order) and this ORDER was put in BEFORE the price went up on 8/28/06 then you are PRICE PROTECTED.

We have done already two (2) price protected SKYs and it is actually a very simple procedure. The retailer HAS to make sure the vehicle is "REPORTED" to GM the SAME EXACT WAY it IS on the PRELIMINARY ORDER and there is a "CODE" they have to enter with it so that GM knows is a "price Protected" order, otherwise the retailer will LOOSE the difference between your price and the actual invoiced price. The retailer will "charge" you the original price and then they will get back the difference directly from GM to their "Open Account" with GM.

Some retailers are scared that someone will make a mistake in reporting the vehicle to GM and they will loose that money and if that IS the case, the retailer has virtually NO RECOURSE to recover the PRICE PROTECTION given to the customer.

I hope that clears up some things for you all!!!

Regards,

BA

[Frank]

Interesting. I just ordered a second Sky today from another dealer. I had an issue with the first order and was not happy at all with the dealer. The price shown on the actual printout from the order system is the old price, not the new one. I just called the dealer and they insist I'm price protected on the old price. He's going to confirm this with the GM when she returns tomorrow. Interesting because the order is from today and it still reflects the old price - at least as of noon time here today.

[deluke]

Originally Posted by Frank

Interesting. I just ordered a second Sky today from another dealer. I had an issue with the first order and was not happy at all with the dealer. The price shown on the actual printout from the order system is the old price, not the new one. I just called the dealer and they insist I'm price protected on the old price. He's going to confirm this with the GM when she returns tomorrow. Interesting because the order is from today and it still reflects the old price - at least as of noon time here today.

I think they say you have 1 day before they change the pricing. I'll bet it shows tomorrow.