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-   -   Insane dealer mark-up (http://forums.pelicanparts.com/showthread.php?t=1135596)

stevej37 02-26-2023 04:49 PM

BTW...the new 2023 Type R is awesome.:)

masraum 02-26-2023 04:58 PM

Quote:

Originally Posted by red 928 (Post 11933627)
I knew a guy who had to have a new PT cruiser
when they first came out.
He paid $6k over sticker and waited two months
to be the first on his block.
A year or two later the dealers couldn't give them away.

Moral of the story:
if a vehicle is so hot the dealers ask more than sticker,
it's not a vehicle. It's a fad.
If you really want one, wait a year and get it for a decent price.
Or shop around and buy one online and skip the whole dealer thing,
of which ford is the absolutely WORST IMO!

Wow, over invoice for a PT Cruiser! Yikes!

I know that miatas we going for over invoice when they first came out. I kind of "get it" for those. I think the S2k was going for over invoice, and I get that to some extent. I think the NSX was going for 50% over invoice (going for 90k but invoiced at 60k) when they came out, and while I've never driven one, by all accounts, they were an impressive car that was competitive outside of it's class, similar to the other 2 that I listed.

I have to imagine that the PT Cruiser was so wanted because it looked so different from anything else on the road. I guess for a lot of people looks are far more important than anything else.

Rot 911 02-26-2023 05:12 PM

Quote:

Originally Posted by stevej37 (Post 11933789)
I asked my Honda dealership manager why they didn't mark up the msrp when selling. (as others do)
He said he would lose most of his business if doing so.

I will be a returning customer.

My salesman told me they still call him “the new guy.” He’s only been there 14 years.

A930Rocket 02-26-2023 05:13 PM

I hate car dealers. There’s a Ford dealership south of Charleston that has the price marked on the sticker and they sell them all day long. No haggling and hours spent ****ing with them.

My last two new F150’s were 2001 and 2014. Traded the 2001 in for the 2014. It had 225,000 on the clock. I’m at 178,000 on the 2014. This will be the last vehicle I own.

Bill Douglas 02-26-2023 08:24 PM

I do find that kind of odd.

Around here if something is for sale for a certain price, that's what it is.

If a dealer tried that around here he would end up in court with charges under the fair trading act.

Usually what happens is when you start heading for the door the dealer calls out "I can throw in a new towbar. Towbar and roof racks?"

Arizona_928 02-26-2023 09:50 PM

Quote:

Originally Posted by Bill Douglas (Post 11933946)
I do find that kind of odd.

Around here if something is for sale for a certain price, that's what it is.

If a dealer tried that around here he would end up in court with charges under the fair trading act.

Usually what happens is when you start heading for the door the dealer calls out "I can throw in a new towbar. Towbar and roof racks?"

Not just there. Japan's used car market is dirt cheap.

DRONE 02-27-2023 06:38 AM

they are asking $90K for a new Bronco, marked up 25K at the local Ford dealership.
it is the same as the one we ordered 3 years ago, were just notified that ours will hit the assy. line next month

cstreit 02-27-2023 06:44 AM

The salesman would revolt if no one is buying cars this month. I'm sure they're telling people its inflation and the price won't go back down.

Saw this with the motorcycle segment last year. Prices already have come back down a bit.

speeder 02-27-2023 07:19 AM

Quote:

Originally Posted by masraum (Post 11933817)
Wow, over invoice for a PT Cruiser! Yikes!

I know that miatas we going for over invoice when they first came out. I kind of "get it" for those. I think the S2k was going for over invoice, and I get that to some extent. I think the NSX was going for 50% over invoice (going for 90k but invoiced at 60k) when they came out, and while I've never driven one, by all accounts, they were an impressive car that was competitive outside of it's class, similar to the other 2 that I listed.

I have to imagine that the PT Cruiser was so wanted because it looked so different from anything else on the road. I guess for a lot of people looks are far more important than anything else.

Every new car goes for over invoice, unless a tree fell on it or something. :confused:

I think that you are getting your terms mixed up.

asphaltgambler 02-27-2023 08:16 AM

Quote:

Originally Posted by masraum (Post 11933817)
Wow, over invoice for a PT Cruiser! Yikes!

I know that miatas we going for over invoice when they first came out. I kind of "get it" for those. I think the S2k was going for over invoice, and I get that to some extent. I think the NSX was going for 50% over invoice (going for 90k but invoiced at 60k) when they came out, and while I've never driven one, by all accounts, they were an impressive car that was competitive outside of it's class, similar to the other 2 that I listed.

I have to imagine that the PT Cruiser was so wanted because it looked so different from anything else on the road. I guess for a lot of people looks are far more important than anything else.

The PT cruiser, BTW, was essentially a neon with retro body...........

Deschodt 02-27-2023 08:33 AM

I needed a car recently and can echo the above... I ended up with only 2 choices that were not charging dealer markup locally. Tesla and Polestar. I'm not too fond of Musk and uneven door gaps (or ugly cars frankly) so I ended up with Polestar. pleasant end to end, but it's an EV so not for everyone...

john70t 02-27-2023 08:50 AM

Shaken, not stirred..
Quote:

Originally Posted by Arizona_928 (Post 11933978)
Not just there. Japan's used car market is dirt cheap.

https://japaneseusedengines.net/pages/why-import-from-japan
It is very expensive to own a vehicle in Japan. Expenses depend on engine size. Japanese vehicle inspection know as“ Shaken“ is considered to be one of the most expensive roadworthiness inspection in the world.

Personal cars and motorcycles need Shaken every two years but new cars require first Shaken after three years. Combined cost of Shaken includes registration fee, weight tax that depends on total weight of the vehicle, annual Automobile tax, mandatory insurance and one time recycling fee. All this amounts to Yen 200,000-300,000 which is equivalent to USS$2000-$3000.

Shaken is more expensive for vehicles with bigger engines and for older vehicles. This is the reason why most vehicle owners like to get rid of their vehicle within the third year before the expiry of Shaken. Most used vehicles available at Japanese auctions will be three, five or seven year old with expired Shaken with an average mileage of 40,000-50,000kms.

rattlsnak 02-27-2023 08:58 AM

You guys been in a Porsche dealership lately? Some GT cars have a $100K markup... and there's a waiting list..

Cdnone1 02-27-2023 09:11 AM

What I found frustrating was there was a window sticker that did not show any mark-up. It wasn't until after the test drive and you are sitting in the office that they announce oh yeah we are marking it up 50%. I thought they had to sell it for the price listed on the lot.
Plus they hardly know anything about their product. I knew more about the truck than the salesman.
What a train wreck

pwd72s 02-27-2023 11:36 AM

Quote:

Originally Posted by rattlsnak (Post 11934273)
You guys been in a Porsche dealership lately? Some GT cars have a $100K markup... and there's a waiting list..

But it's a Porsche :rolleyes:

masraum 02-27-2023 11:44 AM

Quote:

Originally Posted by speeder (Post 11934156)
Every new car goes for over invoice, unless a tree fell on it or something. :confused:

I think that you are getting your terms mixed up.

sorry, should have replaced invoice for sticker.
Quote:

Originally Posted by asphaltgambler (Post 11934228)
The PT cruiser, BTW, was essentially a neon with retro body...........

Yep, and I drove a couple of neons as rentals, and they were horrible.

masraum 02-27-2023 11:52 AM

Quote:

Originally Posted by Cdnone1 (Post 11934291)
What I found frustrating was there was a window sticker that did not show any mark-up. It wasn't until after the test drive and you are sitting in the office that they announce oh yeah we are marking it up 50%. I thought they had to sell it for the price listed on the lot.
Plus they hardly know anything about their product. I knew more about the truck than the salesman.
What a train wreck

Yep, they usually don't need to know much about them because probably 90% or more of folks that buy them only care about superficial details, color, whiz-bang features, etc...
Quote:

Originally Posted by pwd72s (Post 11934485)

But it's a Porsche :rolleyes:

You have to admit that the GT_ cars are VERY special cars. They are probably about like the Porsche version of the GT350R, and various GT500 in your world, or better yet, the 2000 Ford Mustang Cobra R which was a very special mustang indeed (at the time).


THere is a difference between spending 50% extra for a PT Cruiser or a GT2RS.

pwd72s 02-27-2023 06:32 PM

This is 51 minutes long, but damned enlightening about what's happening in the car biz right now.

<iframe width="1268" height="713" src="https://www.youtube.com/embed/Z1gIaumlinw" title="Car-mageddon?? Auto Insider Predicts Car Prices To Fall This Year | Lucky Lopez" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Jay Auskin 02-28-2023 05:31 AM

After living in a "company town" now for 10 years I guess I have different experiences as most everyone gets "the discount".

Recently bought a Cadillac CT4-V for about $5700 off MSRP. What you need to negotiate is the trade in, which for me was just trade it before used prices tank.

Macroni 03-01-2023 03:09 AM

Let's see where this will end up.
 
https://carsandbids.com/auctions/r4bv0jPP/2023-ford-maverick-lariat-tremor

tdw28210 03-01-2023 05:19 AM

Full disclosure; I am buddies with the folks at Hendrick Porsche in Charlotte despite never buying a car from them. I have been told and I believe that Hendrick has a policy whereby they won't mark up new cars above MSRP. Not sure about other marques, but I suspect the same. The sales folks in at the Charlotte Porsche store will occasionally lament the other Porsche dealerships marking up brand new cars WELL over MSRP and getting it. Now, will they try to sell you on all kinds of "upgrades" like PPF and lojack? You bet, but at least it something tangible that you might actually benefit from. Will you find mountains of new cars on their lot to choose from? No way. I think they have 1 new 911 GTS enroute to the store. Will low mileage, desirable model consignment cars have asking prices above MSRP? Yes they will, but that is more of the current car owner's decision. But if you can find something new on the lot and you can stay strong in the face of pressure and/or justify the cost for extra features, etc. you just might find yourself a good deal. YMMV.

dad911 03-01-2023 06:36 AM

I couldn't find a Maverick at any price. Missed a used one by a few hours and it sold for $5k over sticker......

Bought a Santa Cruz instead and I love it. 1st new vehicle (is it really a truck?) in over 10 years.
Dealer tried to charge me for add-ons over sticker, but dropped it when I started walking towards the door.

The scam is lightly used plug-in hybrids and electrics. Original buyer gets the $7500, second purchaser pays sticker or over, no tax credit.

Arizona_928 03-01-2023 08:01 AM

Quote:

Originally Posted by Macroni (Post 11935984)

paying premium for not having to deal with a dealership...

fred cook 03-01-2023 07:21 PM

Dealer markups
 
I've seen markups anywhere from 5K to over 20K! I have a pretty good friend that is a salesman at a Ford dealership from whom I have bought several cars and trucks over the years. I told him to not even bother to show me any vehicles that are marked up! I'll just keep on driving my 2018 F150, thank you.


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