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Started By
Message
re: Car pricing when is it going to end
Posted on 12/19/22 at 7:38 am to Will Cover
Posted on 12/19/22 at 7:38 am to Will Cover
quote:
Manufacturers might have stumbled onto something. Keep supply low and demand high = more profit for manufacturers and dealerships.
Granted I don’t know anything about the auto industry, but why would a manufacturer keep inventory low so that a dealer can mark it up more?
Isn’t the manufacturer the wholesaler, and the dealer is the independent retailer? The manufacturer doesn’t make any more money if the dealer marks their price up more because the supply is low. Wouldn’t the manufacturer want to ramp up production as quickly as they can because they make the same profit per unit sold so the way they increase profits is by increasing units produced?
1
Posted on 12/19/22 at 7:41 am to Will Cover
Show room lots will never fill up. But there are lots filled I promise you. They just pretend to be low.
Posted on 12/19/22 at 7:41 am to PhiTiger1764
quote:
IMO you should not be paying $40k for a vehicle unless you are pulling $160k+
That’s not realistic.
Posted on 12/19/22 at 7:45 am to Allister Fiend
I bought new last June after ordering in December 2021. It seems like I timed it pretty right, because now the same truck is going for 8k more with less features.
Posted on 12/19/22 at 7:46 am to PhiTiger1764
I pull in more than that and I still think cars shouldn’t cost more than $30,000 lol
Posted on 12/19/22 at 7:46 am to Allister Fiend
quote:
That’s not realistic.
You can disagree on the metrics I use to determine vehicle affordability. But do not pretend that it’s not realistic to spend under $40k for a vehicle.
Posted on 12/19/22 at 7:46 am to elprez00
I have a 15 year old who just got his permit. I paid $750 for an 08 Jeep Liberty 4x4 a few months ago with 80,995 miles. A little elbow grease, an opportunity for me to teach him to to work on cars, and he is good to go. This is the way!
Posted on 12/19/22 at 7:47 am to Breauxsif
quote:
Imagine a $800-$1,500/month car payment
Dude tell me about it. I have two payments both around $1,900
Posted on 12/19/22 at 7:49 am to BigApple
I started looking a used trucks the other day lol. Absurd. A lot of this is still left over gauging people are simply accepting.
Posted on 12/19/22 at 7:50 am to Higgysmalls
I work for a Toyota dealership. We are one of the few dealers that aren't putting an addendum sticker on our cars. We are selling 300 cars per month.
Posted on 12/19/22 at 7:52 am to Higgysmalls
A freaking run-of-the-mill F-150 is over $50K. There's no way a vehicle's price should have nearly doubled in nine years since I bought my last truck.
Posted on 12/19/22 at 7:53 am to YOURADHERE
quote:
I brought this exact point to a family friend that owns a dealership, we may never see packed car lots again and I wouldn’t be surprised if manufacturers keep supply artificially low for this reason.
Manufacturers will not keep supply artificially low once they can catch up. The manufacturers want to move cars. The dealerships are playing with fire here, and if they continue their current pricing and addendum’s there’s a chance the manufactures will begin to sell direct to consumer. I know Ford has already mentioned it.
Posted on 12/19/22 at 7:54 am to Higgysmalls
The worst thing you can do for your son ,or daughter, is to buy them a new vehicle. You should buy them a used car/pickup that barely runs.
Why?
It teaches the child to be self resourceful.
Ok the beater won't start. Show the son what the problem is and teach him how to fix it.
Car needs new tires, Junior becomes a man when he buys 4 new tires for his beater.
Car has no power, check the oil? May need new injectors or spark plugs.
We must teach our kids how to be tough and solve problems on their own.
Oh,I don't want my child to be stranded by a beater. Yes you do, it teaches self reliance and problem solving.
For the record I bought my 2 each a used Honda Civic for $2500 a piece.
Now they are a dentist and a mechanical engineer and paid for their new Tahoes on their own.
Also a Ford Maverick is front wheel drive truck(?). Really ? I could blow that thing up towing my trailer before it reaches a 100 miles on the odometer.
Why?
It teaches the child to be self resourceful.
Ok the beater won't start. Show the son what the problem is and teach him how to fix it.
Car needs new tires, Junior becomes a man when he buys 4 new tires for his beater.
Car has no power, check the oil? May need new injectors or spark plugs.
We must teach our kids how to be tough and solve problems on their own.
Oh,I don't want my child to be stranded by a beater. Yes you do, it teaches self reliance and problem solving.
For the record I bought my 2 each a used Honda Civic for $2500 a piece.
Now they are a dentist and a mechanical engineer and paid for their new Tahoes on their own.
Also a Ford Maverick is front wheel drive truck(?). Really ? I could blow that thing up towing my trailer before it reaches a 100 miles on the odometer.
This post was edited on 12/19/22 at 7:58 am
Posted on 12/19/22 at 7:54 am to Higgysmalls
quote:
Looking at Mavericks
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Posted on 12/19/22 at 7:55 am to asphinctersayswhat
quote:You don’t have to put an “addendum” sticker.
Toyota
Toyota’s sticker prices are baseline asinine.
Posted on 12/19/22 at 7:56 am to Swagga
quote:
Ford again hikes the starting price of the F-150 Lightning pickup, now up 40% since launch
quote:
Ford has once again increased the starting price of its electric F-150 Lightning, citing higher raw material costs for the pickup truck.
The new $4,000 price increase means Ford has upped the entry-level pricing of the F-150 Lightning electric pickup by 40% since the vehicle's launch
quote:
The new price of the F-150 Lightning Pro, an entry-level model meant for commercial and business customers, will be $55,974 — up nearly 8%, or $4,000, from previous pricing and a 40% increase from the original pricing of $39,974 announced in May 2021.
Posted on 12/19/22 at 8:00 am to SantaFe
quote:
The worst thing you can do for your son ,or daughter, is to buy them a new vehicle. You should buy them a used car/pickup that barely runs.
Great idea. Buy them something that could leave them stranded and put them in a dangerous, potentially life-threating, situation.
Posted on 12/19/22 at 8:09 am to BigApple
quote:
Dude tell me about it. I have two payments both around $1,900
Why?
Posted on 12/19/22 at 8:10 am to Tchefuncte Tiger
quote:
Buy them something that could leave them stranded and put them in a dangerous, potentially life-threating, situation.
There is this amazing invention called a cell phone.
This post was edited on 12/19/22 at 8:21 am
Posted on 12/19/22 at 8:11 am to Tchefuncte Tiger
My Range Rover is now selling for $250k which is more than 2x what I paid for the exact same car in 2018. Only difference is a updated screen and software which is probably a couple hundred max more.
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