While I hope you are correct, I don’t see that happening, yes the chip shortage/pandemic will pass but manufacturerers/dealers are not in the business to lose money. Will there be a correction? Yes, will it be substantial? I doubt it without a major economic downturn
Current New Vehicle Market
- Thread starter 13COBRA
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One drunk guy at an auction pays that for a bronco. Let me know when you get your first $50,000 over asking for your bronco. LOL
People who need a vehicle. All the brands are in the same boat, not like driving to another dealer will pop up a deal.
Hear me out... Let's take my original Bronco Sport badge I have and slap it onto whatever you have on your lot and sell that to the dude and split the profit?
Not just one guy.
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He does but, those are the exceptions not the rule car guys have known what’s in this video for years, some have acted on it and most of us on this site have at least one “toy” car around. Not sure I would want to drive a 60’s/70’s car as a daily though. Good investment? Possibly but it will be a niche market and likely getting smaller as those of us from that era die off or get too old.
I won’t pay ANY adm, ever, not a new car in the world worth paying adm and diving it off the lot to have it deprecated that very instant. I know there are others that disagree but just the way I am. Not a chance that a car is worth that to me.
Not, ANY car? lol I can think of several I would.
Forgot I screenshotted this a couple weeks back.
Sorry Nick, none,
Just so we are clear, I am talking new cars, not some of the stuff you see on BaT or BJ I find ADM an offensive business practice. I do understand that it is a free market and a unit is worth exactly what someone is willing to pay. When the manufacturer sets a the MRSP, that should be the fair market value. Dealers that are charging beyond MRSP will lose a customer for life .
Just so we are clear, I am talking new cars, not some of the stuff you see on BaT or BJ I find ADM an offensive business practice. I do understand that it is a free market and a unit is worth exactly what someone is willing to pay. When the manufacturer sets a the MRSP, that should be the fair market value. Dealers that are charging beyond MRSP will lose a customer for life .
Brother bought his 2 Door Bronco 2 weeks ago - paid $100 to place the order
Never made a payment
Sold it to a GM Dealership for $9k more than he paid Sunday.
Never made a payment
Sold it to a GM Dealership for $9k more than he paid Sunday.
I won’t get involving a bidding war for a house/property either if it goes beyond the listed asking price either, walked away from more than one deal because of that,
There's plenty of P cars, and Lamborghinis that I would gladly pay an ADM on. I'd pay an ADM on a new Ford GT as well.
Those are beyond my price range for a car even at MRSP. But the same thing applies. For me it’s the principle, I know others feel they gotta have it at any price point but that just isn’t me.
In many parts of the country you would unable to buy a house.
That too will correct itself, always has before. I am in the middle of one of the hottest real estate markets now and just sitting and waiting while our house goes up in value on almost a daily basis. When we are ready we will sell and move elsewhere. We are not tied to any one location at this point in our life
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