Taking 50% year over year in 2021 does NOT come close to exceeding capacity seen in the chart I posted.
Taking 50% year over year in 2021 does NOT come close to exceeding capacity seen in the chart I posted.
What are you talking about? Did you now change over to used car sales? I have no idea. I thought this was about new car sales.Please refer to the top graph.
The most guaranteed thing in here is me saying this thread will be bumped from the dead in a couple years
What are you talking about? Did you now change over to used car sales? I have no idea. I thought this was about new car sales.
I'd be curious to see your metrics around number of vehicles sold and average transaction price for say 2019 vs 2021. I feel like if your selling the same number of vehicles at a higher transaction price then the market obviously supports higher prices and $12k off msrp for an f series is a thing of the past. Also, my guess is at the same time the average loan term increased between 2019 and 2021 though.I don't disagree with you at all. But just because it's cyclical doesn't mean that it ends up back where it was, or even remotely close.
It isn't the sole reason, but it is a significant factor. There will be a lot more chips used in cars in the future and it is already a significant cost in cars.You think the sole reason pricing will never resolve rests on chip production?
Youre not serious.
Time will tell!
Wait, you're saying that new and used car prices aren't directly correlated?
I was right that Trump will never be your President againYou have literally nevah been right about one ting in all the years you’ve been here. Ded. Fkn. Srs
You’re the Eddie Mush of svtp. The character from A Bronx Tale.
You are a sure thing. Just bet money on the opposite of everything you say and speak of.
I'd be curious to see your metrics around number of vehicles sold and average transaction price for say 2019 vs 2021. I feel like if your selling the same number of vehicles at a higher transaction price then the market obviously supports higher prices. Also, my guess is at the same time the average loan term increased between 2019 and 2021 though.
I was right that Trump will never be your President again
WTF? No one is arguing current new car prices are high, inventory is low and used car prices are high too. Please focus on the discussion at hand.
The market will CORRECT ITSELF. That is my argument. You are saying the market will never go back to a plentiful supply, rebates, easy pricing and an excess.
I disagree.
No reason to get frustrated.
The OEMs have already come out and said they are committing to more of an order to build process and won't have the excess inventory sitting around.
So, focus on that.
Does this mean the dealerships/showrooms will be on there way out?
I do like the idea of ordering a new vehicle the way you want it. I would like to see a return to the old days where you could order exactly what you wanted, not just “packages” of options. I would like to see a dealer have a couple of different demos of each model and you order accordingly and in 4 to 6 weeks your vehicle arrives. I think once you order, you should be committed to the sale unless the vehicle doesn’t match the order sheet.
No reason to get frustrated.
The OEMs have already come out and said they are committing to more of an order to build process and won't have the excess inventory sitting around.
So, focus on that.
Cool, not a huge difference in volume and my guess is if you had the inventory, you could have at least matched 2019. This could support the theory of huge incentives disappearing.My individual store.
Volume is down 8.2% (new car/truck sales from 2019 to 2021.
The average sales price in 2019 was $38,306.16, this year, its $44,411.55.
These numbers are slightly skewed though. This goes off sales price. The rebate difference between 2019 and 2021 is crazy big. Unfortunately I'm not 100% sure how to accurately depict that from my financial statements. I can on a monthly basis, but not yearly.
So just sales price has gone up $6,100. I would guess that rebates on average have gone down $2-3,000 per transaction, so the true spread is closer to $9,000.