GV80 Pricing (USA) Revealed

[Chad86tsi]

Those that say there is no cause to react to the demonstrated incompetence of the Genesis corporate web page seem to be thinking this is the first and only time they have done something embarrassing. I've seen it numerous times when I've interacted with the site over the last 1-1/2 years. It's poorly managed/implemented, and these funny figures are human caused error, not a bug. Someone typed those numbers, and no one seems to be taking care of the integrity of the web experience.

Take this all in context with the roll out of various models and features over the years, the bugs some cars contain. Genesis has proven it's got a a lot of "issues" that one might expect from a growing company trying to re-invent the segment it's trying to bust in to. It's easy to say "look the other way" if the segment is cheap commuter cars, or some under served market, this is neither. It's a tight market to bust in to, and the clientele are generally not stupid. They notice incompetence when the see it. Heck, just look at their failed attempt to make a dealership network. And it's still broken.

Right now this website of theirs is the only access we have to assess the car, so assessing it through a portal that lacks a lot of detail/clarity, and clearly has bugs in it probably isn't a good way to build interest and confidence. If they can't or won't invest in getting it right, they'd be better off not doing it, let the car speak for itself when it's ready to touch/feel/drive. If Genesis wants to tease me to build interest, don't make the joke be on Genesis.

 

[BGR]

Hmm, perhaps I make a poor word choice.

I did see at least one article citing the C&D as the price source, perhaps they were the first to report prices. 95% of what’s on this forum is speculation and my guesses are no better than yours, so let me explain why I feel the way I do;

IF, as has speculated on this forum, Car and Driver magazine is the original source of the $50/65k figure, and they made up that number, then it is copyright protected intellectual work product. Anyone else using that "work product" must legally site the source or risk a law suit for damages. I have not seen that C&D attribution citations attached to any other article I’ve seen using those numbers, have you?

In most of the articles I’ve seen the copy was accompanied by GV80 photos. Photos that came straight form the Genesis USA PR department (see the same photos on the Genesis website) this shows the story editor was in direct contact with Genesis PR, to secure permission to use the photos. Don’t you think if you’re writing an article on the new never seen before GV80 and you’re talking to the GV80 PR team the subject of Price would come up? When the multiple stories comes out with the exact same $50/65k price estimate we’re left with two possibilities,

A. All the articles using the $50/65k number, incredibly made up the same number, or plagiarized the work form C&D. A number it turns out that was uncannily accurate if it was simply made up.

or

B. The $50/65k number estimate was being put out by Genesis PR in response to the "How much will it cost?" question, any writer would inevitably ask. Hence the widely reported identical $50/65k number. A busy Genesis PR department is why you and I have seen so many articles on the GV80 all over the automotive press.

What do you think is the more likely scenario?

Good points. Interesting that Genesis also announced pricing well before an actual media drive and in between the debut and full list of pricing added RWD trims that were not previously available on the pre order site. They also don't have lease prices ready although dealers are now taking deposits. I can tell by talking to my local dealer he's desperate to deal and the 'pre-orders' he once had in the beginning are not so anxious to buy now. He keeps trying to convince me on reserving one.

There is no question in my mind that Genesis saw the response and decided to capitalize on it. Even when the $65K number was reported on several outlets, they had more opportunity to correct it by contacting Car and Driver.

There was a lot of speculation that Acura was bringing back the Legend name. C&D reooretrd6the speculation but never said it was from Acura. When talking with Acura they updated their original article saying that everyone's hopes of a Legend return would not happen.

It's funny to see some defend the price changes. Genesis wants you to commit $70K on a vehicle that hasn't been driven here but they don't want to commit to stand alone dealers.

 

[EdP]

It's funny to see some defend the price changes. Genesis wants you to commit $70K on a vehicle that hasn't been driven here but they don't want to commit to stand alone dealers.

Actually, they tried to commit to stand alone dealers but existing Hyundai dealers took them to court and stopped it. Dealer franchise laws favor the dealers.

 

[Fun and Joy]

Why do you think it will be that soon? My guess is August at the earliest unless Genesis releases some US spec vehicles just for the press.

Summer, June 20 to September 22.
I tend to be the glass half full guy, so "Arrives Summer 2020", means June for sure, doesn’t it?
August certainly is smack dab in the middle of summer, but that would suck and I hope you’re wrong! LOL
I mean can you imagine 4 more months of speculation and informed and uninformed nonsense on the forum? Is it now overpriced? underpriced? are the 22”s awful or splendid? Oh the agony of the wait.

Let’s say mid-July, we should then see early reviews in the June issues we get in May. To make a May deadline I expect that test vehicles should be in the hands of reviewers in the next 60 days.

 

[Midnightsun]

I have no real anticipations. I am calling it a summer/fall arrival.

With all this Corona virus stuff happening it may not even be this year.

Today in Quebec they closed all bars, gyms, libraries, and even movie theatres not to mention all schools, daycares, visitors to hospitals and retirement homes a couple of days ago. Heck they are even talking closing down all restaurants however they remain open as long as there is a vacant table between parties but this could change tomorrow. Not sure what assembly lines in Korea will do but I have a feeling they will be severely affected.

 

[ctsooner]

Those that say there is no cause to react to the demonstrated incompetence of the Genesis corporate web page seem to be thinking this is the first and only time they have done something embarrassing. I've seen it numerous times when I've interacted with the site over the last 1-1/2 years. It's poorly managed/implemented, and these funny figures are human caused error, not a bug. Someone typed those numbers, and no one seems to be taking care of the integrity of the web experience.

Take this all in context with the roll out of various models and features over the years, the bugs some cars contain. Genesis has proven it's got a a lot of "issues" that one might expect from a growing company trying to re-invent the segment it's trying to bust in to. It's easy to say "look the other way" if the segment is cheap commuter cars, or some under served market, this is neither. It's a tight market to bust in to, and the clientele are generally not stupid. They notice incompetence when the see it. Heck, just look at their failed attempt to make a dealership network. And it's still broken.

Right now this website of theirs is the only access we have to assess the car, so assessing it through a portal that lacks a lot of detail/clarity, and clearly has bugs in it probably isn't a good way to build interest and confidence. If they can't or won't invest in getting it right, they'd be better off not doing it, let the car speak for itself when it's ready to touch/feel/drive. If Genesis wants to tease me to build interest, don't make the joke be on Genesis.

You nailed this post IMHO. I get the dealer network issues, but they need to do something about that ASAP. I'm hoping they do. It's expected in this market.

 

[Chad86tsi]

You nailed this post IMHO. I get the dealer network issues, but they need to do something about that ASAP. I'm hoping they do. It's expected in this market.

Yah, I really want them to "win" at this. I do believe they make better cars than most, bugs and all. I adore my '15 5.0 Ultimate, even with the expensive bugs it has had in the last year (sunroof rattle, SCC radar, dead nav system). I'm still shopping the brand for my next purchase. I hope it gets better, but reading around here it's clear people have been saying that for quite a long time.

Hyundai dealers thwarted their efforts to spin off into something special, but I think they could have done that differently. It's not just that the dealers screwed their plan, it's also that their plan forced a lot of dealers into bad situations. Both sides are guilty. What we seem to have now is probably where they should have started out, and then, then, moved to standalone after establishing the brand a little better. My local Genesis (in a major metro area) rarely has more than 10 cars in stock, and appears to only move a few a month, and it's the only dealer in over 150 miles of any other. Forcing stand alone would remove the brand from this whole region, that's not smart business, and it's not the dealers fault.

 

[TurtleBoy]

Bugs/problems/glitches/etc. happen in the vehicles and websites of all brands whether luxury or not. I know both the Audi and BMW builds had problems last year with accuracy. iDrive7 was full of bugs when it was first introduced to the point that there were some people pushing for BMW to buy back their vehicles. While it doesn't reflect well on the company unfortunately it is very commonplace. Look at all of the problems we have seen with new iPhones or Windows releases and those are from top technology companies. I would love to see software never have any issues but in the 30+ years I worked in the technology field that never was the case, well except of course when I was writing the software.

 

[Backslack]

Forget for the moment that the 65k number was drawn up out of thin air by C&D and that they never were told that number by the Genesis folks. The irony is that they put it out there right after or maybe even during the event they were at with Genesis. The fact remains that most on the boards made the assumption that it would top at 65k.

That's not "irony", that's capitalizing on hype. Of course they would release those numbers around the same time the car was unveiled- they are a journalism site and they want to time their information in the way that gets them the most clicks and views. Their job is to make money, like every other journalist site. And it worked, because most of us clicked on it.

However, to be mad at Genesis because they don't match the price of Car and Driver's own speculative pricing makes no sense whatsoever, no matter how you look at it. This has nothing to do with the manufacturer. "The fact remains" that C&D pulled a number out of nowhere, unconfirmed, and people are now mad that it doesn't match those unconfirmed numbers. So you're blaming Genesis for you believing those numbers from a third party?

At the time those numbers were released, we had little reason to doubt C&D since they are generally not known for clickbait news (unlike some others *coughkoreancarblog*), and there were no others with more credibility that denied them. But since the official prices have been released, it is a fact that C&D are wrong, and their information was false. And now people really want to wear a tinfoil hat and pretend there's a secret conspiracy going on between C&D and Genesis PR? Come on guys.

 

[Backslack]

A. All the articles using the $50/65k number, incredibly made up the same number, or plagiarized the work form C&D. A number it turns out that was uncannily accurate if it was simply made up.

Um, none of them "plagiarized" C&D- in fact you'll find literally every single one that does mention that price cites C&D's page that I've already linked. Feel free to dig up any articles that also came to the 50/65k number without mentioning C&D.

Even the Korean Car Blog, known for constantly inaccurate and false news, cited C&D when it came to the price:

US-Spec Genesis GV80 to Start Around $50k, Reach $65k - Korean Car Blog

Other journo outlets attending the same event as C&D asked as well, and none of them got a price.

The bigger mystery surrounds the price, which could range significantly. We tried to ask Genesis for a rough ballpark of pricing at the Miami reveal but their lips were sealed tighter than a submarine hatch. It appears as though Car And Driver had better luck getting a peep out of a Genesis PR person, who may have let slip the GV80's approximate price.

Did Genesis Accidentally Confirm Pricing For The GV80?

If Genesis were supposedly so "open" to journalists, do you really think they would somehow tell only C&D?

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[BGR]

Um, none of them "plagiarized" C&D- in fact you'll find literally every single one that does mention that price cites C&D's page that I've already linked. Feel free to dig up any articles that also came to the 50/65k number without mentioning C&D.

Even the Korean Car Blog, known for constantly inaccurate and false news, cited C&D when it came to the price:

US-Spec Genesis GV80 to Start Around $50k, Reach $65k - Korean Car Blog

Other journo outlets attending the same event as C&D asked as well, and none of them got a price.



Did Genesis Accidentally Confirm Pricing For The GV80?

If Genesis were supposedly so "open" to journalists, do you really think they would somehow tell only C&D?

He didn't cite car and driver and he was at the same event.

 

[Backslack]

He didn't cite car and driver and he was at the same event.

You'll have to give me a timestamp since I'm not going to sit through a half-hour video to catch a single sentence, but the same Youtuber himself didn't claim to have any price quotes from Genesis other than his own assumptions (at 6:48) while at the same event as C&D:

 

[Backslack]

Just browsing the Car and Driver comments back when they threw out the price as 65k max, and already there were people complaining that even THAT wasn't enough of a discount compared to the Germans.

Comments on: 2021 Genesis GV80 Tops Out Around $65K for 375-HP V-6 Model

Even if the price didn't rise from C&D's projections, that won't stop some people from endlessly complaining.

 

[BGR]

You'll have to give me a timestamp since I'm not going to sit through a half-hour video to catch a single sentence, but the same Youtuber himself didn't claim to have any price quotes from Genesis other than his own assumptions (at 6:48) while at the same event as C&D:

He said it would start under 50 and top out alrubd 65K. Take my word for it. And it want a guess like the first video.

 

[Backslack]

He said it would start under 50 and top out alrubd 65K. Take my word for it. And it want a guess like the first video.

He posted the video TODAY, so why the heck would he even mention the 65k price when we've already known the actual MSRP of the GV80 for two weeks now?

If he quotes the 65k price now well after the official prices have been made public, it's purely bad journalism on his part.

Having watched the full video, he's also wrong about the massaging seats...

 

[YEH]

^ Also wrong about Genesis sedan sales being 36k in 2012, as that included coupe sales.

The sedan sold around 30k that year (which shows how poorly the G70 is selling); think Sofyan has an overly positive take on Genesis sales (and the increase in 2019, over the artificially deflated 2018 sales).

Also, the Essentia won't be the 1st Genesis EV (if it indeed, ever makes it to production), but that mystery-sized EV CUV.

Exactly. A couple months ago, it was also C&D that was pushing the misinformation that the GV80 would still have the old 3.3T engine instead of the 3.5, despite all press material saying otherwise. Every site needs to be taken with a grain of salt.

Which was ridiculous (as well as not knowing about the base 2.5T engine) as I knew about those 2 new engines about a year ago (from public sources).

And that $65k top price claim that C/D threw around was made up.

There was no way that Genesis was going to be able to offer a top trim that was able to compete against the competitive set they had in mind (the Germans and the Aviator) at that price-point, and wouldn't be surprised if whomever at C/D erroneously thought that Genesis had the (FWD) Japanese competition in mind.

 

[BGR]

He posted the video TODAY, so why the heck would he even mention the 65k price when we've already known the actual MSRP of the GV80 for two weeks now?

If he quotes the 65k price now well after the official prices have been made public, it's purely bad journalism on his part.

Having watched the full video, he's also wrong about the massaging seats...

Because it was taped before pricing was released. His first comment is this was decided before they even announced the G80 a few weeks ago. Crazy you couldn't figure that out. Its not live....

 

[BGR]

^ Also wrong about Genesis sedan sales being 36k in 2012, as that included coupe sales.

The sedan sold around 30k that year (which shows how poorly the G70 is selling); think Sofyan has an overly positive take on Genesis sales (and the increase in 2019, over the artificially deflated 2018 sales).

Also, the Essentia won't be the 1st Genesis EV (if it indeed, ever makes it to production), but that mystery-sized EV CUV.




Which was ridiculous (as well as not knowing about the base 2.5T engine) as I knew about those 2 new engines about a year ago (from public sources).

And that $65k top price claim that C/D threw around was made up.

There was no way that Genesis was going to be able to offer a top trim that was able to compete against the competitive set they had in mind (the Germans and the Aviator) at that price-point, and wouldn't be surprised if whomever at C/D erroneously thought that Genesis had the (FWD) Japanese competition in mind.

They've done way more with the G90 and the price was C&D wasn't made up. I'm sure no one from Genesis mentioned price and they were completely honest just as I'm sure they told the people reviewing the car the 3.5T Prestige didn't come with the 3rd row, but was only being used for demonstration purposes. Oh and the website with price changes are all electronic mishaps and nothing to do with Genesis. That's not their fault either...

 

[Backslack]

Because it was taped before pricing was released. His first comment is this was decided before they even announced the G80 a few weeks ago. Crazy you couldn't figure that out. Its not live....

..and what difference does that make? It being taped before pricing was released doesn't change the fact that it was uploaded today (or yesterday as of now)- had he actually cared that much about giving the correct price, he would have changed it in editing or at least mentioned it in the description. He's had two weeks to get it done, and never even bothered. YEH and I have pointed out more than a few things wrong with his facts, so him being wrong about the price is the least of his inaccuracies.

Redline Reviews is not and has never been a professional journalist news outlet like Car and Driver or Road and Track. It's purely a review channel, just as its name implies. Citing him for news is like citing Doug Demuro. You know, the guy who claimed that the refreshed G90 was a brand new generation?

the price was C&D wasn't made up

And you know this how?

 

[YEH]

They've done way more with the G90 and the price was C&D wasn't made up.

This is what C/D stated in one preview article re the price...

Pricing is yet to be announced, but we expect the GV80 to start just below $50,000 and top out at $60,000

Usually when an automaker hints at what the price-range will be, they will say something along those lines (that the automaker has given an indication) and not simply a we expect (which suggests that they were guessing).

In another preview article, C/D stated this...

Pricing is yet to be announced, but we’d wager that the GV80 will begin where its corporate brethren, the Kia Telluride and Hyundai Palisade, leave off. So, count on a starting price just below $50,000 and a fully loaded price of just over $60,000 when the GV80 arrives later this year as a 2021 model.

This time, they clearly stated that they were guessing.

And it was a ridiculous guess at that when the Aviator Black Label is over $78k (and that's not even the top trim for the Aviator), so to think that Genesis was going to offer a competitor that is nearly $20k less was simply asinine.

Then, in another preview article, C/D does state this...

We have it on good authority that even a fully loaded GV80 such as this will cost around $65,000.

If they had something more firm from Hyundai, they would have stated it and not some generic good authority.

Motor Trend was actually more spot on w/ regard to their guesstimate on pricing.

We anticipate the GV80 will start as low as $48,000 for base models, and around $70,000 for the top-of-the-line trims.

R&T in their preview didn't even bother to try to guesstimate and simply stated that they expect the price to undercut the (German) competition (which is the sensible approach).