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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="sonicx" data-source="post: 16707509" data-attributes="member: 126595"><p>If I know one thing it’s that relyin on certain auctions services for forecasting should be taken with a grain of salt. I’d feel better getting information from the manufacturer rep, auto banks, & unbiased reports vs a regional auctions or places where they make their own numbers / can manipulates conditional grades. Makes you wondering what else is or isn’t told.</p><p></p><p>Dealers have had lower volume but higher margins over the last 1.5yrs and are enjoying breaking targets, going forth if manufacturers were smart, they’d do a lot more ordering vs dumping new cars on lot… similar to how it was back in the 90s. Dealer would also have the benefit of keeping less on the floor plan.</p><p></p><p>Pricing, due to inflation and market adjustment forecasting isn’t going to unwind the clock of what’s car manufacturing is going to put forth. I’m not even going to add in unionization and it’s sunken costs.</p><p></p><p>Car rental companies need to get supplied again, many rooftop dealers aren’t selling to rentals even for 5K+ over as they lose holdback, back end, sales rep comm, service, potential trade in, and the chance to retail a future customer. I can’t see that occurring til sometime early 2023.</p><p></p><p>The other hiccup is the logistics nightmare occurring for transportation some are good others are bad, varies by company and region (to/from). Build all you want, can’t move it if there’s driver shortages.</p><p></p><p>Once the markets even thought, incentives will be back passed down by the manufacturer which will manipulate your up front list price.</p></blockquote><p></p>
[QUOTE="sonicx, post: 16707509, member: 126595"] If I know one thing it’s that relyin on certain auctions services for forecasting should be taken with a grain of salt. I’d feel better getting information from the manufacturer rep, auto banks, & unbiased reports vs a regional auctions or places where they make their own numbers / can manipulates conditional grades. Makes you wondering what else is or isn’t told. Dealers have had lower volume but higher margins over the last 1.5yrs and are enjoying breaking targets, going forth if manufacturers were smart, they’d do a lot more ordering vs dumping new cars on lot… similar to how it was back in the 90s. Dealer would also have the benefit of keeping less on the floor plan. Pricing, due to inflation and market adjustment forecasting isn’t going to unwind the clock of what’s car manufacturing is going to put forth. I’m not even going to add in unionization and it’s sunken costs. Car rental companies need to get supplied again, many rooftop dealers aren’t selling to rentals even for 5K+ over as they lose holdback, back end, sales rep comm, service, potential trade in, and the chance to retail a future customer. I can’t see that occurring til sometime early 2023. The other hiccup is the logistics nightmare occurring for transportation some are good others are bad, varies by company and region (to/from). Build all you want, can’t move it if there’s driver shortages. Once the markets even thought, incentives will be back passed down by the manufacturer which will manipulate your up front list price. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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