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NEW car prices crashing?
not here.
now, the EV sales have slowed.
trucks are premium priced and
there are few left on the lots.
have to buy them when you
see them or they are gone.
My understanding is "TSRP" is a marked up price over MSRP that Toyota dealers came up with. So the final price here could still be well above the actual MSRP set by Toyota.
I ordered my pickup at the beginning of 2019, sticker was $60k (if I'm remembering correctly.), if I build up that same truck online, it is closer to $74k now. It's crazy how drastically the prices have increased.
I'm not surprised. With the new labor deal that just went through for the Big 3, those costs will be passed along via the MSRP.
My understanding is "TSRP" is a marked up price over MSRP that Toyota dealers came up with. So the final price here could still be well above the actual MSRP set by Toyota.
years and years ago, danbury ct and area, was looking for my first new truck. Think about 1990 offerings from the big 3 - I looked at big or little fords, chevys and dodges. Dodge was still stone age in the last of the squarebody years so I whittled it to ford v chevy(gmc). the ford won, the technology was 5 years ahead of chevy and both were similar in capability, but ford won every argument AND was about $1G cheaper. so, lets shop. EVERY dealer had 'market value adjustment' of about 10% on the sticker. in 1990. why? it was not a boon...but it was fairfield cty and litchfield etc during the 30-something yuppie years and then your peepee size was linked to how much MORE you payed for the same item.
so I pity poor uneducated shopper who asked for a discount, got 500 off the 1250 adjustment and felt a winner, while the dealer was issuing month long Caribbean cruise bonuses.
however, working at IBM there was a pre-internet 'buyers edge' program that you called up (using a phone no less) and you paid $300 over invoice, firm. since my new truck was an order to my specs (single color XLT with limited slip added) they did not object as they never had to hold it. Everyone asked how I got that price...
I am disappointed if toyota is now doing the same, to keep prices high. My dealer I got Hildy from is advertising NO local Markup. MSRP is MSRP and you get low financing 36-48 months thru toyota with 20% down.
NEW car prices crashing?
not here.
now, the EV sales have slowed.
trucks are premium priced and
there are few left on the lots.
have to buy them when you
see them or they are gone.
According to industry analysts, EV sales are up 50% from last year and growing, and trucks from Ford, Chevy and Stellantis (Ram) have over 100 days supply on the ground.
According to industry analysts, EV sales are up 50% from last year and growing, and trucks from Ford, Chevy and Stellantis (Ram) have over 100 days supply on the ground.
I'd believe the auto industry reporting firm before Forbes. And according to the link I provided The Ram 1500 has a 107 days’ supply, followed by the Ford F-150 at 98 days’ supply. The Chevrolet Silverado and GMC Sierra had a supply of 81 and 79 days, respectively.
BUT and this is important, days' supply does not indicate sales speed. Ford F150s have a higher days' supply than anything on your list, while still selling faster and in greater quantities than anything on your list. Why? Because they have reduced the supply chain bottlenecks and can produce them faster even than they are selling them, and are bringing inventory levels up to pre-pandemic levels.
Traditionally about 70-100 days' supply of inventory was normal. During Covid with supply chain disruptions, inventory was lowered drastically. So now that supply chains have been straightened out for the most part, manufacturers can increase production to give dealers more inventory. Doesn't mean the cars are selling slower than they have been, just that manufacturers can now make more cars than they were during the pandemic.
According to industry analysts, EV sales are up 50% from last year and growing, and trucks from Ford, Chevy and Stellantis (Ram) have over 100 days supply on the ground.
As I said before, in regards to trucks, all that was on dealer lots when I was looking to buy were the higher trim levels at higher prices. I think they are running out of customers willing to pay those higher prices.
I ordered a lower trim F250 back in August and they told me to expect 6-9 months before it came in (before the UAW strikes). They didn't make me put anything down on it because they know they can sell it easily if I back out.
I think the manufactures somewhat shot themselves in the foot by only producing high margin vehicles and not much else.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by Northrick
.....
I think the manufactures somewhat shot themselves in the foot by only producing high margin vehicles and not much else.
If capacity constrained.... Achieving highest value for limited volume is the industries objective. Now we have just added another 'premium' to the highest item in many costs. USA vehicles will not be getting cheaper, and manufacturers must contain their costs. Paying overtime and benefits discourages adding capacity, so... Prepare to see significant increases in MSRP, especially trucks (required for commerce and construction), and luxury (money is no obstacle).
Crisis? Only to those buyers who are on a fixed budget.
This will tend to make used cars more valuable, and higher use before replacement.
Nobody wins (except autoworkers... Temporarily.).
Then it's back to the 1980s., with a 2025 world economy.
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