Took my Genesis in for service the other day, and the “used car area” at the dealer was EMPTY. E M P T Y. Not a single car on it. I rapped with the salesmen who were just sitting around (as there are very few cars to sale, and chatting with me helped them pass the time), and they pointed at what they had “We got 1 of these, but I think it’s already sold. We got one Santa Fe, it’s sold, just waiting for the guy to come get it. We have one Santa Cruz that’s not spoken for! You wanna see it?” We walked over and looked at it. We walked back, a few minutes later it’s driven up front. Someone had just made a deal for it over the internet, they would be over to get it in an hour.
For the record, ALL of their new cars had “Dealer adjustment” markups on them. On these Hyundai cars/trucks, it was $4995.
So, this being the story, I’m not surprised that sales have started to tank. #1, you can’t FIND what you want. You have to settle. #2, if you DO find it, the pricing is outrageous, and you’d better buy it RIGHT NOW. (smh)
I enjoy Doordashing to supplement my retirement income. My 2011 Prius has 300,000 miles on it so I went used car shopping for a relatively decent used hybrid. Uh...no. $16,000 average price for a ten year old or older car. A year or so ago these same cars would have been about $4,500 dollars.
Bought a new Genesis in August. It was like nothing else. Dealers are in complete control. You want it. Full sticker and they add on about 2k in after market garbage. Don’t want it? Sucks to be you. Next.
Do you mean $4995 ABOVE the MSRP?