Madness
#16
Drifting
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If we accept the assumption that auto makers are like all capitalist corporations your theory doesn't hold true. Maximizing profits does not mean no inventory in pipeline, from a supply chain optimization perspective this doesn't make sense. ADMs also do not affect the manufacturer - it's mostly dealers.
Things will normalize, if anything I feel the lesson's learned through this ordeal will help manufacturers create more agile supply lines and ensure supply meets demand and maximizing top and bottom line. Having no product or not enough product to sell is not efficient.
Things will normalize, if anything I feel the lesson's learned through this ordeal will help manufacturers create more agile supply lines and ensure supply meets demand and maximizing top and bottom line. Having no product or not enough product to sell is not efficient.
#18
Drifting
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Broncos are selling for $15K over MSRP in NJ. And people are paying it. $5K over for a Forester.
#19
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Residential real estate, houses, condos, here in South Florida are being listed for hundreds of thousands more than what they were selling for 18 months ago. Fortunately the banks are caving in many of these deals. It is common to see listings go from "pending" back to active. We have hit the peak and cominng down the other side of the bubble now. New cars are in the same realm of stupidity.
The following 2 users liked this post by centaur:
Maverick787 (02-28-2022),
timjab (03-01-2022)
#20
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Residential real estate, houses, condos, here in South Florida are being listed for hundreds of thousands more than what they were selling for 18 months ago. Fortunately the banks are caving in many of these deals. It is common to see listings go from "pending" back to active. We have hit the peak and cominng down the other side of the bubble now. New cars are in the same realm of stupidity.
https://newsroom.porsche.com/en_US/2...021-26247.html
#21
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They are making record profits, the dealers too. They have learned from the Ferrari model, that if you constrain supply just enough at the margin of demand, prices can go sky high and inventories to zero. You only get back to a real free market when new entrants come into it and compete - and unless China gets into cars in a big way, that's not going to happen. The established players are operating like a cartel for now.
#22
Racer
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I saw this yesterday as I was window shopping "used" models.
https://www.hgreglux.com/used-car/po...for-sale-10548
They even show the original sticker and it has 16 miles on iit.
Sticker is $139,450.
If you look at the CarFax (on the same page), it flips hands, but for what reason is unclear.
The list is now $189,000.
I personally suspect the current dealer scooped the car up from the original Porsche dealer only to try and flip it at an absurd mark-up.
https://www.hgreglux.com/used-car/po...for-sale-10548
They even show the original sticker and it has 16 miles on iit.
Sticker is $139,450.
If you look at the CarFax (on the same page), it flips hands, but for what reason is unclear.
The list is now $189,000.
I personally suspect the current dealer scooped the car up from the original Porsche dealer only to try and flip it at an absurd mark-up.
https://www.autotrader.com/cars-for-...ngId=626305001
#23
Racer
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Same car with a new dealer owner and new price. Keep raising the price to encourage a buyer? Merely, $199,444 now.
https://www.autotrader.com/cars-for-...ngId=626305001
https://www.autotrader.com/cars-for-...ngId=626305001
#24
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The market will never normalize - because the auto makers want it to work this way from now on. No inventories, MSRP prices, no inventory in the pipeline, dealer ADMs, reduced production of ICE cars as they transition their production base to government subsidized EVs, etc. This is the "great reset" for the auto market. Until consumers just stop buying cars totally, just keep the cars they have running, it will not end.
#25
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There's a major difference between today and 2008, though people do like to make that comparison. 2008's financial crisis was due to subprime lending. People trading pure garbage mortgages taken by people who couldn't afford them bundled up rated as AAA and sold to nearly everyone including banks. It was a spectacular mess. There's nothing like that today. Today's prices are caused by supply chain issues, still recovering from covid, and people re-evaluating how they want to live going forward, having lived through covid.
One thing that stands out for me re 2008 - everyone likes to say they don't know who to blame. Seems pretty easy to me - go after the f*ckers that rated that garbage AAA.
One thing that stands out for me re 2008 - everyone likes to say they don't know who to blame. Seems pretty easy to me - go after the f*ckers that rated that garbage AAA.
#26
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I was at my dealership last week, and the only new 911’s on the lot were cars that were waiting prep and picked up by the buyer. He said that he’s selling about the same number of cars that he sold before the pandemic, with the difference between now and then, being everything they get is already spoken for, so there is no unsold inventory on the lot. May not be every dealerships situation, but that is mine. So, put your money down and be prepared to wait, and wait…
#27
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I was at my dealership last week, and the only new 911’s on the lot were cars that were waiting prep and picked up by the buyer. He said that he’s selling about the same number of cars that he sold before the pandemic, with the difference between now and then, being everything they get is already spoken for, so there is no unsold inventory on the lot. May not be every dealerships situation, but that is mine. So, put your money down and be prepared to wait, and wait…
After a 9 month wait,I received my allocation for a Targa4S with an August delivery. Signed contract for MSRP.
PNFYFWA7 IS MY BUILD CODE.