I have a feeling that when show rooms do fill back up, it will be with only e vehicles. Or they may never go back to normal. Ride the bus or walk.
A New York City man expressed his truckin’ outrage on social media this week after he found a 2021 Ford Bronco at the Old Bridge dealer with a manufacturer’s suggested retail price of $34,855 being sold instead for $49,855 – a “market adjustment” of $15,000.
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I’m not sure when this auto lunacy ends, but it will eventually end. Two things...
1. People purchasing cars 50% over list, especially if they take an auto loan, are going to be severely underwater if they try and trade in the car before the loan is paid in full.
2. I hope people remember the dealerships who gouged people and shop elsewhere in the future.
Supply & demand.
shoot they are selling for 60k plus here. and people are buying them. none for me thanks.
The utter amount of blatant price gauging is criminal....
NJ...
Now why am I not surprised.
Bet it’s not just trucks...
I could do some cool things with a ‘52 Checker Cab and a crate 392 Supercharged HEMI V8.
A fine example of technology biting everyone in the butt.
I recently read that some manufacturer threatened dealers over marking up new cars too far. As always, anything goes with used cars.
While I’m not meaning to defend car dealers, I’d just like to point out every business has overhead. If a business has reduced inventory they have to mark up what they have or go out of business. Car dealers have a lot of very expensive real estate. Their shop and parts depts will support themselves, but that lot and showroom and the back rooms have to rely on sales. The inventory shortage is killing them. You think it’s bad for the customer, imagine being a salesman on commission with nothing to sell, or a manager with huge bills due and nothing to sell. Just saying shortages and unintended consequences aren’t all just pure supply and demand issues.
About what I paid for our 14 acres and the most we've ever paid for a vehicle is $3k. I can fix my own which helps. I can't imagine being poor and not having a mechanical aptitude.
A new insanity is a 10+ year old vehicle in California with a new green sticker of the license plate.
That sticker shows that the vehicle has passed a strict California smog test for 2 years.
Both of our our vehicles, a 14 year old Lexus and the original Honda Ridgeline now have the green sticker.
Suddenly vehicles in good shape before the smog test are now even more valuable.
The smog shop owner told me if I ever wanted to trade or sell theses vehicles to let him know after he put the new green sticker on the license plate. The tire/shop and maintenance manager told me the same thing.
On of our sons got an early inheritance of a OJ Simpson Bronco. It just got smogged and the mechanic/shop owner said, “Call me before you sell this vehicle”.
Suddenly, the Hispanics with cash are telling him the same or leaving notes on under his wipers with high $ offers.
A DIL with a 20 year old GMC suv is getting similar offers. Yep, her vehicle was just smogged with the green sticker.
Welcome to Bidenland.
-PJ
“with a manufacturer’s suggested retail price of $34,855 being sold instead for $49,855”
And what was the model? Was it the Base, Big Bend, Black Diamond, Outer Banks, Badlands, or the Wildtrak? What were the factory and or dealer installed options?
The no frills base model for example starts at $29,300 while the fully loaded Wildtrak starts at over $49k
My dad got away cheap by just replacing the transmission in our SUV than going out trying to buy another used one.
I was looking at dual sport motorcycles recently and made the mistake of calling a dealer from an ad on Craigslist. One used bike they had pictured was 6k. I asked how much out the door. He said he’d call me back after speaking with his sales boss. He calls back and long story short, they wanted 8700 out the door. I recoiled, and actually asked him if he was kidding....lol. No sale there...
i wonder if Ford will live up to their pledge to halt delivery of inventory to this dealer?
50% over MSRP? CHILD’S PLAY! One of my buds wanted an AMG GT Black Series. MSRP $325k. (This is a couple of months ago). They were listed for $700k. That was the “going price” for them all over the place.