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It's crazy that some car dealerships are asking above new MSRP for used vehicles
Posted on 10/8/25 at 11:26 am
Posted on 10/8/25 at 11:26 am
With all the news about the used car market struggling, I still see listings for USED vehicles priced above NEW MSRP.
Of course most of these places use "no haggle market based pricing" where they will not negotiate on price. The advertised price is it. But what they do is drop the price little by little until they finally sell the vehicle.
I guess from a dealership point of view its a best practice but it's crazy how some models are still selling for above new MSRP.
As an example the new Lexus GX model is consistently listed used for above new price.
Of course most of these places use "no haggle market based pricing" where they will not negotiate on price. The advertised price is it. But what they do is drop the price little by little until they finally sell the vehicle.
I guess from a dealership point of view its a best practice but it's crazy how some models are still selling for above new MSRP.
As an example the new Lexus GX model is consistently listed used for above new price.
19
Posted on 10/8/25 at 11:28 am to sidewalkside
The people paying it are idiots, case solved.
Posted on 10/8/25 at 11:29 am to sidewalkside
There are very few cars like this. The reason the GX is that way is they are super hard to get.
Posted on 10/8/25 at 11:30 am to sidewalkside
Got a link to a used model listed above new model MSRP? I haven’t been seeing this.
I think used pricing is still inflated, and maybe the next 6-12 months sees gobs of repos and the bottom drops out, but dealers can afford to sit on inventory now as they made a mint in the COVID boom
I think used pricing is still inflated, and maybe the next 6-12 months sees gobs of repos and the bottom drops out, but dealers can afford to sit on inventory now as they made a mint in the COVID boom
Posted on 10/8/25 at 11:30 am to sidewalkside
All you have to do is be willing to wait. Some people don’t and have the money to spend. Blame those people and not the dealer
Posted on 10/8/25 at 11:31 am to sidewalkside
Dealerships take advantage of having more information than their customers and manipulating information. If you walk into a dealership and show you’re an informed customer, they’ll generally ignore you. If you act like you don’t know anything, they’re all over you
Posted on 10/8/25 at 11:31 am to sidewalkside
Posted on 10/8/25 at 11:31 am to Rize
quote:
The reason the GX is that way is they are super hard to get.
There can't be more than a handful of every day drivers in this boat, too.
I think Land Cruisers are at MSRP these days, even.
This post was edited on 10/8/25 at 11:32 am
Posted on 10/8/25 at 11:33 am to sidewalkside
Ive never paid ADM for any of em, but I have paid MSRP for a limited or in-drmand car.
Paying new -MSRP for anything used is crazy.
Paying new -MSRP for anything used is crazy.
Posted on 10/8/25 at 11:34 am to The Third Leg
quote:
I think used pricing is still inflated, and maybe the next 6-12 months sees gobs of repos and the bottom drops out,
This whole thing doesn't make sense. Cars, housing, and other things are outrageously overpriced. I really don't understand how and why people keep buying.
Posted on 10/8/25 at 11:36 am to sidewalkside
quote:
it's crazy how some models are still selling for above new MSRP. As an example the new Lexus GX model is consistently listed used for above new price.
Yeah buts what’s the monthly
Posted on 10/8/25 at 11:36 am to sidewalkside
As they continue to add more and more electronic this and that the older vehicles without all that crap are more and more desirable.
For examlle, My market wants now are a pre '76 C10/K10 or a 12 valve Cummins Dodge 3500.
For examlle, My market wants now are a pre '76 C10/K10 or a 12 valve Cummins Dodge 3500.
Posted on 10/8/25 at 11:41 am to Adam Banks
quote:
Yeah buts what’s the monthly
Mumflee
Posted on 10/8/25 at 11:44 am to sidewalkside
quote:
As an example the new Lexus GX model is consistently listed used for above new price.
Do you even supply vs demand, bro?
Posted on 10/8/25 at 11:49 am to Rize
quote:
The reason the GX is that way is they are super hard to get.
They are? I see them everywhere. I can't drive more than 5 minutes without seeing at least 2 of them.
I barely see any new land cruisers though.
Posted on 10/8/25 at 11:49 am to sidewalkside
I bet you can get a deal on a Jeep Wagoneer
Posted on 10/8/25 at 11:51 am to sidewalkside
I remember seeing this quite a bit during supply chain issues for Covid but haven’t noticed it in quite a while.
Posted on 10/8/25 at 11:51 am to sidewalkside
Market forces, someone is paying it. Our economy works when people do dumb financial things as one offs, it doesn't work when people are making dumb financial decisions en masse and it is all debt driven.
Posted on 10/8/25 at 11:53 am to sidewalkside
quote:
As an example the new Lexus GX model is consistently listed used for above new price.
Don’t they have a wait list for these? Makes sense that someone would pay more to get one now
Posted on 10/8/25 at 11:55 am to sidewalkside
As long as people will buy at high prices, businesses will sell at high prices.
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