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Are dealerships still charging above MSRP?

Posted on 12/6/22 at 7:13 am
Posted by Fusaichi Pegasus
Meh He Co
Member since Oct 2010
14567 posts
Posted on 12/6/22 at 7:13 am
Unfortunately, we are in the market.
Posted by VermilionTiger
Member since Dec 2012
37596 posts
Posted on 12/6/22 at 7:14 am to
As always, “it depends”.

Do your work. Make calls. Don’t be afraid to walk out
Posted by Tshiz
Idaho
Member since Jul 2013
7588 posts
Posted on 12/6/22 at 7:14 am to
Idk, hop on the internet
Posted by PetroBabich
Donetsk Oblast
Member since Apr 2017
4625 posts
Posted on 12/6/22 at 7:14 am to
Yes and people are writing personalized letters begging the dealers to sell their dream car to them.
Posted by DiamondDog
Louisiana
Member since Nov 2019
10578 posts
Posted on 12/6/22 at 7:21 am to
I do not envy your position. I fear we're never going back to lots stocked with cars.

Seems like dealerships may be embracing the JIT model and no longer have to have vast amounts of inventory/financing on their balance sheets.
This post was edited on 12/6/22 at 7:22 am
Posted by CoachChappy
Member since May 2013
32557 posts
Posted on 12/6/22 at 7:23 am to
I have friends in the business. They are laughing their asses off at how much they are making off people.

Do your homework, and try to purchase from a non traditional dealer (online).
This post was edited on 12/6/22 at 7:43 am
Posted by redstick13
Lower Saxony
Member since Feb 2007
38543 posts
Posted on 12/6/22 at 7:23 am to
Just do the KIA challenge.
Posted by Errant_Knight
Member since Oct 2022
260 posts
Posted on 12/6/22 at 7:23 am to
Yes, I'm not in the market but I want a new vehicle so I stay looking. Now that the used car market has tanked I can't get as much for my vehicle either.

So it puts me in a worse spot than before, three months ago my car was valued at 22k now with only 4k more miles its valued at 11.3k. Nothing else has changed but the mileage.
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
4795 posts
Posted on 12/6/22 at 7:26 am to
quote:

Seems like dealerships may be embracing the JIT model and no longer have to have vast amounts of inventory/financing on their balance sheets.


Yeah they’ve got to be happy not paying floor plan interest and still selling cars above market value. It’s a businessman’s dream really. Less cost more profit.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27081 posts
Posted on 12/6/22 at 7:27 am to
That’s brutal. I found myself in a position to need to buy a few months ago. They wouldn’t budge a dollar on the car I wanted, but they gave a significant amount of money on my trade. I didn’t feel like I “won” anything, but I don’t believe the bottom line on that transaction put me any worse than it would have been five years ago like for like.
Posted by redstick13
Lower Saxony
Member since Feb 2007
38543 posts
Posted on 12/6/22 at 7:28 am to
Does that mean the used car market is back to reasonable pricing?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260877 posts
Posted on 12/6/22 at 7:28 am to
Local dealership sells most of their inventory before it arrives. They have to be doing well despite few cars on the lot.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48606 posts
Posted on 12/6/22 at 7:30 am to
Economy is heading for the shitter, rates still rising. I expect that things will shift back in favor of the consumer sometime next year.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119244 posts
Posted on 12/6/22 at 7:30 am to
quote:

re dealerships still charging above MSRP?



Only if you are willing to pay it.
Posted by GeauxTigers0107
South Louisiana
Member since Oct 2009
9738 posts
Posted on 12/6/22 at 7:32 am to
No clue where you live but Terrebonne Ford has been running ads on tv saying "Come pay below MSRP". Now how much...IDK. Just fyi.
Posted by RealDawg
Dawgville
Member since Nov 2012
9446 posts
Posted on 12/6/22 at 7:32 am to
Tbh I would be perfectly fine if the new car industry went fixed price across the board. Here is price..buy or not. Same for all.

Get rid of sales people completely.

The idea they get to sit around and try to screw people all day is pathetic. Cars are a necessity…regardless of the niceties some have.
Posted by supadave3
Houston, TX
Member since Dec 2005
30265 posts
Posted on 12/6/22 at 7:34 am to
quote:

Yes, I'm not in the market but I want a new vehicle so I stay looking. Now that the used car market has tanked I can't get as much for my vehicle either


this has gotten me too. I’ve been looking for awhile but holding off on purchasing for a few more months.b my trade in has dropped by about 40%.
Posted by redstick13
Lower Saxony
Member since Feb 2007
38543 posts
Posted on 12/6/22 at 7:35 am to
I’ve had a personal rule since 2018 to not buy a vehicle unless I can afford to pay cash for it. I’m hoping the rate increases open up some purchase opportunities for me.
This post was edited on 12/6/22 at 7:36 am
Posted by Water
Louisiana
Member since Jan 2020
737 posts
Posted on 12/6/22 at 7:37 am to
Is the sky blue?
Posted by Villian in my veins
Member since Nov 2022
419 posts
Posted on 12/6/22 at 7:38 am to
They are asking $75 to $100k plus for the new Z06
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