new car prices are up through the roof
#1
new car prices are up through the roof
went to check out Tacoma TRD Sport and Honda Odyssey this past weekend. it's definitely a seller's market now with the chip shortage. Local Toyota dealer is charging $3k markup on Tacoma TRD Sport and they only have 2 on the lot. The Honda dealer next door does not charge markup for 2021 Odyssey (which is one year away from being totally redesigned), but they do force you to pay the $1500 worth of dealer add-ons, no other way around it. Keep in mind these two specific vehicles are long in the tooth, I can't imagine how much markup they will charge on a new Sienna.
#3
Racer
iTrader: (2)
Everything is ridiculous right now. It's almost guaranteed that if you own something right now, it's likely it'll fetch a lot more than it did previously. I was planning on being in the market near the end of the year, which supposedly is when we should start seeing vehicle prices back to normal... But, I really don't think that'll be the case now.
#4
Everything is ridiculous right now. It's almost guaranteed that if you own something right now, it's likely it'll fetch a lot more than it did previously. I was planning on being in the market near the end of the year, which supposedly is when we should start seeing vehicle prices back to normal... But, I really don't think that'll be the case now.
#5
Pole Position
For all the (IMO usually unjustified) criticism Tesla gets on here, this is one time where their direct sales model absolutely works to the customer’s advantage. No one is paying ADM on a new Tesla, everyone paid MSRP before, during and after COVID, plus if you’re trading or selling a vehicle you still get to take advantage of the bubble in used car valuations.
#7
Lexus Fanatic
iTrader: (20)
For all the (IMO usually unjustified) criticism Tesla gets on here, this is one time where their direct sales model absolutely works to the customer’s advantage. No one is paying ADM on a new Tesla, everyone paid MSRP before, during and after COVID, plus if you’re trading or selling a vehicle you still get to take advantage of the bubble in used car valuations.
Trending Topics
#8
Lexus Test Driver
Its because component prices are going up. Tesla has also lowered prices when they had extra margin from their increasing scale. At least this is transparent and the price is fixed and non-negotiable vs. dealing with stealerships.
#9
Lexus Fanatic
Tesla reduced then increased their prices 20ish times in 2019 or 2020. When demand softens, you cut prices. Not at all surprised that prices are going up. It’s too bad Tesla doesn’t have franchise dealers, the prices would be better for the consumer
There should no surprise whatsoever that a Tacoma is selling for more than MSRP.
There should no surprise whatsoever that a Tacoma is selling for more than MSRP.
Last edited by Toys4RJill; 06-01-21 at 12:31 PM.
#10
i agree on Tesla. unfortunately we already have one in household and we're looking for a non-EV so we can take the kids offroading and long trips without worrying about charging stations. Tesla increases $1k every 3-4 months or so, that's a lot better to swallow than dealers marking up otherwise volume sellers $5k or so.
#11
Lexus Fanatic
A TRD Pro Tacoma is in super high demand.
Last edited by Toys4RJill; 06-01-21 at 02:14 PM.
#12
Intermediate
They are also reducing car features and charging more.
It will be funny to watch the cult explain this one.
It will be funny to watch the cult explain this one.
#13
Pole Position
Property has really increased as well as you know.....Our place has over tripled.....Buy online, but your paying msrp, but there are no dealer mark ups....I for wouldn't buy either of those vehicles w/ mark ups or dealer add on's.....
#14
Lexus Fanatic
iTrader: (20)
#15
Lexus Test Driver
It's regional. The high competing cities seem to be more level with car pricing.