GV80 Pricing (USA) Revealed

[TurtleBoy]

The 2.0T in the G70 is a terrible engine. Early drives of the Sonata N-line say the 2.5T has good power, sounds good, and will be pretty awesome with AWD. So I think the 2.5T will surely get those cross shopping the RX and MDX, and the 3.5T will get some cross shopping the X5/GLE/XC90.

Excellent, thanks for the info. I don't pay much attention to the 4's, one of the reasons Volvo was wiped off my list earl. That and one of my friends is engaged to a Volvo service manager and he told her to tell me not to get one due to the reliability issues. This was back a few years ago and I think they have those issues straightened out.

 

[BGR]

Is it possible that the 3.5TT should be a closer comparison to the V8 BMW X5? The X5 V8 comes standard with AWD and the GV80 does on the larger engine as well with 6 pis

Those who are content with the 4 cylinder engine (to which I can guarantee you most will pick), which with the Prestige package will also give them all the same toys as the 3.5T, and will also undercut it by thousands more. Again, you keep pretending that the 3.5T top-of-the-line model will be the volume seller, whereas the X5 you listed is only a mid-spec trim. What you're projecting is an unrealistic view of how people will actually buy this car.

You dont get the full digital cluster, Nappa leather, Soft close doors and other options on the 2.5T. You have to go to the 3.5TT

 

[Backslack]

I think we're projecting a view of those of us who were considering the 3.5T prestige but are now looking elsewhere.

That's fair. But I still stand by my belief that those looking for a 3.5T prestige will be in the minority of those who buy the GV80. Unless Genesis has an unprecedented demand for the top trim like they did with the Telluride, to which the question will be if they've even made enough of those to meet the demand, which Kia has seriously struggled with for the Telluride, leading to the insane dealer markups we see today.

 

[TurtleBoy]

Sorry, hearsay from members on this board doesn't cut it. Provide me with actual sales numbers or statements from Genesis that back up the G70 3.3 top-of-the line being the volume seller.

Genesis does not release those numbers. We are not talking hearsay or top the line 3.3t, but rather 2.0 versus 3.3t in all trims. Granted you are very new here so don't have the history or knowledge but if you would have been here last year following the rollout and the inventory at dealers across the country you would have seen the huge disparity in 2.0 versus 3.3ts.

 

[TurtleBoy]

Is it possible that the 3.5TT should be a closer comparison to the V8 BMW X5? The X5 V8 comes standard with AWD and the GV80 does on the larger engine as well with 6 pis

No, they are not even in the same ballpark.

 

[Spill6]

Sorry, hearsay from members on this board doesn't cut it. Provide me with actual sales numbers or statements from Genesis that back up the G70 3.3 top-of-the line being the volume seller.

IMO they won't have any issue moving the 2.5s. The SUV is gorgeous even with 19" wheels. The interior even with pleather is totally new. The 2.5 with the 8 speed will probably be similar to the ford 2.3L ecoboost in the explorer, which is usually the preferred engine over the larger 2.7 because it's smooth and has enough power, and I see the 2.5T likely better than the 3.5 V6s in the RX / MDX.

My beef is with the 3.5 prestige vs X5

I'd consider the 2.5T in Canada but they aren't offering the lexicon audio in any 2.5T so that's a non starter for me.

 

[Spill6]

No, they are not even in the same ballpark.

Agreed. The X5 40 will outrun the 3.5T.

 

[Spill6]

That's fair. But I still stand by my belief that those looking for a 3.5T prestige will be in the minority of those who buy the GV80.

That's fair too

 

[Backslack]

You dont get the full digital cluster, Nappa leather, Soft close doors and other options on the 2.5T. You have to go to the 3.5TT

Huh, I had to go check the spec sheet to make sure, but you are right about the digital cluster. Strange how that was not made standard on the 2.5T Prestige, especially when it already includes some of the high-tech features like RANC and the Active Motion Seat. Even weirder that it has the HUD standard but not the digital screen. That being said- none of these missing features other than the digital screen are even offered on the Lexus RX to begin with, so....

 

[Backslack]

Genesis does not release those numbers. We are not talking hearsay or top the line 3.3t, but rather 2.0 versus 3.3t in all trims. Granted you are very new here so don't have the history or knowledge but if you would have been here last year following the rollout and the inventory at dealers across the country you would have seen the huge disparity in 2.0 versus 3.3ts.

I'll still need some substantial evidence to believe it. Looking through Autotrader at 2019 models, there are 531 3.3T G70s for sale, versus 758 2.0T G70s from the same year (tried looking at 2020 but they both exceeded 1000 and so the site couldn't give a number). And while I haven't been paying much attention to how incentives were for the G70, I do know that the Stinger had absurd incentives for both the 2.0 and 3.3 engines after the initial dealer markups.

Regardless, I have little doubt that the 2.5T will be the volume seller for the GV80, for the same reasons I mentioned before.

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[TurtleBoy]

Huh, I had to go check the spec sheet to make sure, but you are right about the digital cluster. Strange how that was not made standard on the 2.5T Prestige, especially when it already includes some of the high-tech features like RANC and the Active Motion Seat. Even weirder that it has the HUD standard but not the digital screen. That being said- none of these missing features other than the digital screen are even offered on the Lexus RX to begin with, so....

Actually it is a hybrid cluster where the left 40% is an analog speedometer and the right 60% is the 8 inch LCD display. @Spill6 seen it at an auto show.

 

[Cruiser]

Let me just say that as a long time lurker but newbie contributor, I've really enjoyed this conversation. Thanks so much to all of you for the insights!

Just as a bit of additional grist....I checked the current 2020 X5 inventory of my BMW dealer. They are holding 46 new X5s. 27 are listed at less than $70K USD, all 40s. Another 15 have list prices less than $80K USD, again all 40s. The remaining 4 are all listed above $80K, and all are 50s. If inventory holdings are the best estimate of a dealer's demand projections, this dealer projects most X5 buyers are interested in vehicles under $70K. Maybe this is the population Genesis planners are going after. Offer a little more for roughly the same price, and we'll capture the heart of the market, as Backslack is suggesting.

 

[Backslack]

Actually it is a hybrid cluster where the left 40% is an analog speedometer and the right 60% is the 8 inch LCD display. @Spill6 seen it at an auto show.

Oh I know, but it's really strange that it's missing when it's featured on the top-trim Palisade that is cheaper than almost all trims of the GV80.

 

[TurtleBoy]

I'll still need some substantial evidence to believe it. Looking through Autotrader at 2019 models, there are 531 3.3T G70s for sale, versus 758 2.0T G70s from the same year (tried looking at 2020 but they both exceeded 1000 and so the site couldn't give a number). And while I haven't been paying much attention to how incentives were for the G70, I do know that the Stinger had absurd incentives for both the 2.0 and 3.3 engines after the initial dealer markups.

No problem, if you don't believe it that is no skin off my back but trust me, I literally spent hundreds of hours tracking the dealers and inventory. I wouldn't have looked at the 2019s but I think that goes towards proving the concept since there are so many more left over.

The incentives have been higher for the 2.0 even though it is a less expensive vehicle. Currently the lease cash is 4,500/5,000 (auto, manual) versus 3,000/3,500 (red,awd) for the 3.3t. There is a reason they have higher incentives on the 2.0.

 

[TurtleBoy]

Let me just say that as a long time lurker but newbie contributor, I've really enjoyed this conversation. Thanks so much to all of you for the insights!

Just as a bit of additional grist....I checked the current 2020 X5 inventory of my BMW dealer. They are holding 46 new X5s. 27 are listed at less than $70K USD, all 40s. Another 15 have list prices less than $80K USD, again all 40s. The remaining 4 are all listed above $80K, and all are 50s. If inventory holdings are the best estimate of a dealer's demand projections, this dealer projects most X5 buyers are interested in vehicles under $70K. Maybe this is the population Genesis planners are going after. Offer a little more for roughly the same price, and we'll capture the heart of the market, as Backslack is suggesting.

What throws that off a bit though is that most (at least according to my CA) of their sales are not off the lot but rather custom ordered. He said they keep a few differently configured vehicles in stock to use for test drives so those are the higher priced ones that you are seeing. I do think that the GV80 will definitely attract those who do buy off the lot.

 

[Backslack]

I don't think one could even custom-order a GV80 or any Genesis product currently. That's why they've consolidated everything in those packages to streamline inventory.

 

[TurtleBoy]

I don't think one could even custom-order a GV80 or any Genesis product currently. That's why they've consolidated everything in those packages.

That is correct, Genesis does not do custom ordering. Many dealers will take your specs and request that a vehicle matching them be put into their next allocation and Genesis USA tries to meet those requests when possible.

 

[Cruiser]

What throws that off a bit though is that most (at least according to my CA) of their sales are not off the lot but rather custom ordered. He said they keep a few differently configured vehicles in stock to use for test drives so those are the higher priced ones that you are seeing. I do think that the GV80 will definitely attract those who do buy off the lot.

Ahh, right. Forgot about bespoke ordering. Good point. I custom ordered, took about 8 weeks. So you are saying most BMW buyer custom order? Then, we're back to the comparative value issue......

 

[Backslack]

Most BMW and German customers also lease, to which Genesis's rates have never been particularly competitive, and so then the question of purchase value and that gloriously long 10-year warranty is moot. I've said it before, but the more one compares Genesis to BMW or any Euro brand, the more one can see that they aren't competing against each other on the exact same playground. If anything, their cars and the way they're sold seem to be made as a proposition for Lexus/Acura/Infiniti and even more mainstream brand customers who want a taste but but not fully commit to "European luxury".

 

[Blackjackmark]

Disappointed in a few things.
1) must get the 3.5 to have the Nappa leather and digital instrument cluster
2) no mention of the built in dash camera system?