Isn't that the same for damn near every industry?
Yeah that's silly. Holler at me next time.
Current New Vehicle Market
- Thread starter 13COBRA
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Isn't that the same for damn near every industry?
Yeah that's silly. Holler at me next time.
I bought my GT350 from a private seller who, by some miracle, was in the same city as I was. The car was 6 months old and had 500 miles on it. Best part about Nevada is we don't pay sales tax on private party sales. This fact alone has pushed me into looking at private sellers before dealers, even before all of the dealer shenanigans started (ADMs, nitrogen in tires, VIN etching, etc. that they add on to rape you).
I'm looking for a Mach 1 now and I'm going to have to be very patient and find the unicorn that I found with my GT350 because these people are nuts! Local dealer here in Vegas has a Mach 1 with handling pack (great car...amazing) for $92k. You read that right, $92k. Same dealer has a $5k ADM on Ford Edges. LOL
Dealership where I bought my wife's SUV advertised that all their SUV's were at MSRP. Wow! Great! Look at their site and sure enough, they will sell you any size SUV for MSRP, but they have added on a "desert protection package" at $3,000. LOL I guess the package protects you from cacti and wild burros.
No argument, was just observing why their numbers looked so good.
Cars.com reports Q2 earnings beat; issues Q3 and 2H guidance
CARS +1.40%Aug. 03, 2022 8:42 AM ET- Cars.com press release (NYSE:CARS): Q2 GAAP EPS of $0.08 beats by $0.04.
- Revenue of $162.9M (+4.7% Y/Y) beats by $1.15M.
- Adjusted EBITDA of $45.3M, or 28% of revenue, down $3.2M, year-over-year.
- Average Monthly Unique Visitors of 27.1M, up 3% year-over-year.
- Traffic of 148.0M, down 7% year-over-year.
- Monthly Average Revenue Per Dealer of $2,326, up 1% from $2,299 in the prior year period.
- Dealer Customers of 19,517 as of June 30, 2022, 17 higher compared to 19,500 as of March 31, 2022, and up 672, or 4%, compared to June 30, 2021.
- For the third quarter of 2022, the company expects to deliver Revenue of approximately $163.5 million to $165.5 million vs. consensus of $168.40M, representing year-over-year and sequential growth.
- Adjusted EBITDA margin for the third quarter is expected to be between 29% and 31%.
- The company expects revenue growth to accelerate and projects growth of 6% to 8% year-over-year in the second half of 2022, assuming inventory shortages do not begin to recover until 2023.
Interesting, why is that? Great news for customers no doubt. I hate shitty dealers that do this.
Oh, I think it's a great thing!
FTC Proposes Rule to Ban Junk Fees, Bait-and-Switch Tactics Plaguing Car Buyers
The Federal Trade Commission has proposed a rule to
Oh, I think it's a great thing!
FTC Proposes Rule to Ban Junk Fees, Bait-and-Switch Tactics Plaguing Car Buyers
The Federal Trade Commission has proposed a rule towww.ftc.gov
Last thing we need the the gubment further mandating private business.
Besides, the shady dealers will just find a different avenue to gouge the customer.
They absolutely will.
All I know is my Ford Stock go BUUURRRRRRRR right now lol.
I wasn't really claiming it's new. Just that it's not like ford's the only one out here pulling big adm's.
I've got two planes in my stalls waiting on engines from Pratt and Whitney. Definitely effecting production.
Just picked up a 22 Mach E GT for X plan. Dealer had it on their lot for about a week.
Very surprising it lasted that long and with an X plan.
Been a couple of hybrid F-150's sitting on a localish dealers for weeks, dealer is over msrp.
They have since dropped the price by 40k…. Better buy now before it’s gone
I am going to wait until late 2023 as the production keeps up with the demand.
I like the new 2023 Mustang (Gen 7).
I like the new 2023 Mustang (Gen 7).
Any good pics? Links? Reliable intel?
I may have missed a thread here on the next Mustang?
-J
I guess. I've seen 4 or 5 sell for around that number. Dumb.
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