re: Are dealerships still charging above MSRP?

Have friends in the business. You have to remember that misinformed people far outweigh informed people.

That 60k vehicle can be stretched and skewed almost any way to get a note that is "comfortable" for the consumer.

And yes, the dealer always wins, even if you think you got a good deal.

Sales Managers can make 400k plus a year. I'm not kidding.

I bought a new work car a month ago. I called around, sent emails, all saying what I wanted, cash deal, and I would pay msrp + tt&l, no dealer add-on bullshite. I took a couple days, but I had an agreement before I drove to lot to pick up car. They make plenty of money with msrp.

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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.

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This, same thing, deal was not as good but I still worked them a bit and received considerably more for my trade. I did look around the dealer and a see a lot of suckers though.

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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.

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100%

Ford has the big time red arse at their dealers. Especially for marking up Broncos and Lightnings.
I believe they are really looking at how they can cut out the dealers.

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Car dealerships is an industry that needs to die.

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That dinosaur is dying out as we speak. More people are getting comfortable with the DTC model. DTC cars are inevitable. I imagine there will be dealerships where you can go look at and test drive cars. Then, you place your order direct from the manufacturer.

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They are asking $75 to $100k plus for the new Z06

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Maybe very small amount are, the first two years of production are allocated. GM also has a clause in place to prevent flippers.

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Are dealerships still charging above MSRP?

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No unless you are a sucker, most new vehicles are sold orders then you get to wait on the booming transportation industry.

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Most people have no idea how much of a dealership’s expenses that is

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It used to be second to payroll, still is in most cases

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Maybe very small amount are, the first two years of production are allocated. GM also has a clause in place to prevent flippers.

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I've got a buddy who is in the market for a new truck. He's a cash buyer. Very successful. He found the exact truck he wanted, went to the dealer to buy it, they wanted to do a credit check. Said it was "policy" to run a credit check on everyone regardless even if they weren't financing. He walked. Sales manager was chasing him across the lot, changing his tune and saying an exception can be made. My friend told him to frick off. This happened last week over a $71K truck.

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Economy is heading for the shitter, rates still rising. I expect that things will shift back in favor of the consumer sometime next year.

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Yep, I have a few big household projects and I'm waiting til summer 2024.

Also, if one is in the market for a car right now, there's no rule against going cheap and low for a year or two. If all cars are +15%, that 15% hurts a lot less when the price of the car is $20k instead of $80k.

Might not be able to carry all of Jaxton and Braxton's friends to travel ball in a brand new Denali, but I would tell them too bad. I'm not being held hostage by a dealer. Period.