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Started By
Message
If you're in the market for a new/used car...WAIT.
Posted on 1/23/23 at 8:11 am
Posted on 1/23/23 at 8:11 am
Dealerships are losing grip on price control and starting to phase incentives back in. Prices will continue to go down.
"Market Adjustments" above MSRP are evaporating fast.
Inventory is increasing and manufacturers have announced they expect to return to pre-pandemic production levels in 2023.
But those scumbag dealers are going to try to squeeze every last penny out of this market if they can.
"Market Adjustments" above MSRP are evaporating fast.
Inventory is increasing and manufacturers have announced they expect to return to pre-pandemic production levels in 2023.
But those scumbag dealers are going to try to squeeze every last penny out of this market if they can.
43
Posted on 1/23/23 at 8:12 am to sidewalkside
Hope so. Will be in the market for a car for 16 year old this calendar year... yikes.
Posted on 1/23/23 at 8:13 am to sidewalkside
Who is your source on this?
Posted on 1/23/23 at 8:13 am to sidewalkside
You're right, but dealerships will lie through their teeth that it isn't and/or won't happen...
Posted on 1/23/23 at 8:13 am to concrete_tiger
The market is moving in your favor...time is on your side. but dealerships will try to convince you otherwise
Posted on 1/23/23 at 8:14 am to sidewalkside
Good. Don't come in wanting giraffe pussy for your 2012 with 128k miles. It won't be worth sheeeeeeeeit.
Posted on 1/23/23 at 8:15 am to redstick13
Oh you know...just little companies like TOYOTA announcing they will have ABOVE pre-pandemic inventory levels in 2023 and others saying the same thing.
Posted on 1/23/23 at 8:15 am to concrete_tiger
quote:
Will be in the market for a car for 16 year old this calendar year... yikes.
We'll have a new driver this year too but she's getting my wife's older car. Will have to get my wife something else though.
Posted on 1/23/23 at 8:15 am to sidewalkside
Was in a dealership last weekend and they offered $7500 as an electric vehicle incentive since the new tax credit doesn't include foreign cars. They also threw a couple thousand in other incentives without me having to ask.
Market is definitely shifting.
Market is definitely shifting.
Posted on 1/23/23 at 8:16 am to sidewalkside
quote:
Oh you know...just little companies like
What Man types,talks or thinks like this. Saab still has 0 inventory baw.
Posted on 1/23/23 at 8:19 am to sidewalkside
WHAT?! No way bruh, I just financed my new tundra 6% APR for 72 months and took out a loan on the truck nuts too 
Posted on 1/23/23 at 8:20 am to ThatTahoeOverThere
Yes...Saab inventory levels are at pre-pandemic levels then smart guy.
Posted on 1/23/23 at 8:20 am to sidewalkside
You have this first hand from Toyota corporate?
Posted on 1/23/23 at 8:21 am to concrete_tiger
quote:
Hope so. Will be in the market for a car for 16 year old this calendar year... yikes.
just went through it this last month with my 16 year old.
we didn't get raped, but i spent more than i was hoping. that being said, i was planning on spending $10k on a 12 YO small to mid-sized truck with 130kish miles.
i instead spent $12k on a much larger and nicer 8 YO car with 160k miles. everything around $10k was 15 YO and over 200k.
not ecstatic, but we haven't had a truck in years because of me having a company vehicle and it had gotten annoying.
This post was edited on 1/23/23 at 8:22 am
Posted on 1/23/23 at 8:21 am to concrete_tiger
quote:
Hope so. Will be in the market for a car for 16 year old this calendar year... yikes.
You would buy a brand new vehicle for a 16 yr old?
Posted on 1/23/23 at 8:23 am to sidewalkside
quote:
But those scumbag dealers are going to try to squeeze every last penny out of this market if they can.
Supply & demand. No different than your average crawfish farmer.
Posted on 1/23/23 at 8:23 am to dnm3305
quote:
You would buy a brand new vehicle for a 16 yr old?
When supply comes back up for new cars the demand and prices for used ones will drop.
Posted on 1/23/23 at 8:24 am to redstick13
Yes. My dad is Mr. Toyota. He will sue you.
Posted on 1/23/23 at 8:24 am to sidewalkside
quote:
But those scumbag dealers are going to try to squeeze every last penny out of this market if they can.
excuse me Comrade, but this is a capitalist society. Maximizing profits is what you're supposed to do- albeit ethically. You don't have to buy their product. Just wait.
The serivce department is where they really screw you, anyway.
Posted on 1/23/23 at 8:26 am to sidewalkside
quote:
But those scumbag dealers are going to try to squeeze every last penny out of this market if they can.
I don't particular like the car sales industry either. But why is someone a scumbag for maximizing profit if the consumer is willing to pay the sales price?
I would like a new car. But I don't absolutely need one at the moment. So I will wait either until I do, or the market goes down. Many don't take that approach. That's not the car dealers fault.
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