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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370059
05/17/22 03:47 PM
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Joined: Jan 2006
Posts: 32,920
Scagnetti
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 32,920 |
“If you don’t do bidness with Monte Coon then you done lost money!”
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370096
05/17/22 04:20 PM
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Joined: Apr 2017
Posts: 657
gdr_11
Pro Angler
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Pro Angler
Joined: Apr 2017
Posts: 657 |
I see the market adjustments when I do a vehicle search on sites like Cargurus.com, but I have not had any problem getting prices, etc. from dealers in the Dallas/East Texas area at MSRP or $500 below. The problem, of course, is finding the vehicle I want and not having to order something with a 6-9 month waiting list.
My wife needed a new car and we spent a month looking with the only thing matching her wants being in Alabama. Ended up putting a deposit on the Handa CRV that was en route to the local dealer but that the original orderer had backed out of. Only waited about two weeks. Not what we wanted but fully equipped and not a bad vehcile.
On the flip side I saw a beautiful new Ford Bronco in a parking lot and chatted with the owner. They looked all over the South for 2-3 months before locating one at a dealer and buying over the phone along with paying shipping charges. When I asked about the markup and said I had seen them as high as $10K over, the wife just said that was true without any specifics.
No way I am paying even $1K over so I will keep on looking and waiting
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Re: Auto dealer “market adjustments”
[Re: Ghost4BH]
#14370113
05/17/22 04:33 PM
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Joined: Aug 2004
Posts: 4,474
Duke 22
TFF Team Angler
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TFF Team Angler
Joined: Aug 2004
Posts: 4,474 |
We’ve recently ordered the wife a new SUV and went through the same thing. I absolutely will remember who was and wasn’t ripping people off. See my list below.
Doesn’t rip people off 1. Moritz 2. Vernon Auto Group 3. Sewell 4. Classic
Rips people off 1. James Wood GMC 2. Vanguard GMC 3. Heritage GMC 4. Hiley GMC
I have bought my last 8 Ram's through Vernon Auto Group. Except for one which we went to Missouri to get because It was either order it and wait, or drive 8 hours and save $10,000. ( That was for a truck for the wife and she is pretty particular, even though she has drove it only about 1,000 miles ) They are a pleasure to deal with and will still negotiate.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370131
05/17/22 04:43 PM
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Joined: Nov 2012
Posts: 11,567
txmasterpo
TFF Guru
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TFF Guru
Joined: Nov 2012
Posts: 11,567 |
I haven't bought a brand new car or truck since the 90's
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Re: Auto dealer “market adjustments”
[Re: Duke 22]
#14370244
05/17/22 06:20 PM
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Joined: Jan 2008
Posts: 41,939
Ghost4BH
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 41,939 |
We’ve recently ordered the wife a new SUV and went through the same thing. I absolutely will remember who was and wasn’t ripping people off. See my list below.
Doesn’t rip people off 1. Moritz 2. Vernon Auto Group 3. Sewell 4. Classic
Rips people off 1. James Wood GMC 2. Vanguard GMC 3. Heritage GMC 4. Hiley GMC
I have bought my last 8 Ram's through Vernon Auto Group. Except for one which we went to Missouri to get because It was either order it and wait, or drive 8 hours and save $10,000. ( That was for a truck for the wife and she is pretty particular, even though she has drove it only about 1,000 miles ) They are a pleasure to deal with and will still negotiate. Vernon is who we ordered through back in February. Hopefully it arrives soon.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370349
05/17/22 07:40 PM
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Joined: Sep 2005
Posts: 28,252
Brian Spagnola
TFF Guru
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TFF Guru
Joined: Sep 2005
Posts: 28,252 |
I get why people are upset, because they absolutely can sell for MSRP. Glad we don't have to deal with any of that here at TMC only having pre owned vehicles. I know a lot of you have sold houses lately for more than you were asking, or what it was appraised for. You list a house for 400k and it brings 500k. I fail to see the difference. Not just because I am in the industry, It just seems the same to me.
They have more buyers than inventory, it's a good time to be a new car dealer. I remember when lot's on this forum were not going to buy a GM product because of the bailout. People quickly forget that type of stuff in my opinion. Carvana just bought the second largest auto auction house in the Country. I think things are fixing to change once again.
Last edited by Brian Spagnola; 05/17/22 07:42 PM.
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Re: Auto dealer “market adjustments”
[Re: Brian Spagnola]
#14370418
05/17/22 08:31 PM
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Joined: Sep 2008
Posts: 121,172
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,172 |
I get why people are upset, because they absolutely can sell for MSRP. Glad we don't have to deal with any of that here at TMC only having pre owned vehicles. I know a lot of you have sold houses lately for more than you were asking, or what it was appraised for. You list a house for 400k and it brings 500k. I fail to see the difference. Not just because I am in the industry, It just seems the same to me.
They have more buyers than inventory, it's a good time to be a new car dealer. I remember when lot's on this forum were not going to buy a GM product because of the bailout. People quickly forget that type of stuff in my opinion. Carvana just bought the second largest auto auction house in the Country. I think things are fixing to change once again. not me, will never again own a gubment motors product. just gonna keep my f150 and put in a new engine with an upgrade and transmission when the current go south, have put a ton more miles on it than I thought I would and no way can afford 6-700 a month payments.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370430
05/17/22 08:49 PM
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Joined: Feb 2009
Posts: 15,846
deucer02
TFF Guru
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TFF Guru
Joined: Feb 2009
Posts: 15,846 |
Heck, the MSRP itself is a ripoff without without market adjustments Market adjustments just show you how greedy and crooked dealers can be, given the opportunity.
Biden famously said in the New York Observer, “I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that’s a storybook, man.”
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370461
05/17/22 09:22 PM
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Joined: Jun 2003
Posts: 31,279
HasBen
OP
TFF Guru
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OP
TFF Guru
Joined: Jun 2003
Posts: 31,279 |
New car dealers taught us for years that MSRP meant nothing and they could discount $10-15k off MSRP and still sell you a car. Now, they want you to believe MSRP is a sacred number and they will ALLOW you to buy a car only at that number. And the dealers wonder why buyers are upset.
"Nothing spoils a good story like the arrival of an eyewitness."-Mark Twain
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370472
05/17/22 09:34 PM
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Joined: Jul 2010
Posts: 13,012
GarySHO
Ice Ice Baby
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Ice Ice Baby
Joined: Jul 2010
Posts: 13,012 |
New car dealers taught us for years that MSRP meant nothing and they could discount $10-15k off MSRP and still sell you a car. Now, they want you to believe MSRP is a sacred number and they will ALLOW you to buy a car only at that number. And the dealers wonder why buyers are upset.
A vote is like a rifle; its usefulness depends upon the character of the user- Theodore Roosevelt Broken Bow Lake Fishing Guide 2020 Caymas CX 20 PRO and 250 SHO
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370508
05/17/22 10:11 PM
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Joined: Jan 2006
Posts: 14,077
BassFever
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 14,077 |
My 21 Ram only has 3300 miles on it, hopefully it will last a longggg time.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370509
05/17/22 10:14 PM
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Joined: Sep 2005
Posts: 28,252
Brian Spagnola
TFF Guru
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TFF Guru
Joined: Sep 2005
Posts: 28,252 |
New car dealers taught us for years that MSRP meant nothing and they could discount $10-15k off MSRP and still sell you a car. Now, they want you to believe MSRP is a sacred number and they will ALLOW you to buy a car only at that number. And the dealers wonder why buyers are upset. Yeah but you know that was mainly due to factory rebates. Obviously the dealer is making money, who would have that kind of exposure if they were not profitable.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370523
05/17/22 10:29 PM
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Joined: Jan 2018
Posts: 4,942
Notaguide
TFF Team Angler
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TFF Team Angler
Joined: Jan 2018
Posts: 4,942 |
6-7-8 dollar gas will put an end to the new car craze. It’s coming sooner rather than later I think
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370544
05/17/22 10:49 PM
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Joined: Sep 2008
Posts: 121,172
hopalong
Pescador Loco
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Pescador Loco
Joined: Sep 2008
Posts: 121,172 |
New car dealers taught us for years that MSRP meant nothing and they could discount $10-15k off MSRP and still sell you a car. Now, they want you to believe MSRP is a sacred number and they will ALLOW you to buy a car only at that number. And the dealers wonder why buyers are upset. simple solution, ask to see the floor plan pricing and if they won't show that to you just walk out. my truck msrp was 49,999.00 and I drove it off the lot for floor plan (managing partner of dealership liked me and was a member out here) which was 34,600.00 they still have a lot of wiggle room.
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Re: Auto dealer “market adjustments”
[Re: HasBen]
#14370554
05/17/22 11:02 PM
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Joined: Jan 2018
Posts: 4,942
Notaguide
TFF Team Angler
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TFF Team Angler
Joined: Jan 2018
Posts: 4,942 |
you seem like a nice guy hopalong but that’s pretty dumb. No dealer is going to open their books to show you that.
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