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Carmakers feel chip crisis easing

bloomberg.com

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Re: Carmakers feel chip crisis easing

#21

Post by oneoff786 »

jcampbell1 wrote: post #14
geoduck14 wrote: post #11

Earlier quoted context omitted.

I tried to buy a new car yesterday. The price was exactly MSRP, but there were plenty of ad-ons. That I couldn't remove "if I wanted to buy that car". In the end, there were about $11k in "extras" and they low balled me on my trade-in vehicle. I ended up walking away.

Know the 4 boxes where they make profit. Price, trade in, add ons, and financing. You just found out that a law that forces MSRP doesn’t do much except help politicians break their arm patting themselves on the back.

I’ve never done any research into this but by the way they talk to me it always seemed like the real big one after financing was warranties

Re: Carmakers feel chip crisis easing

#22

Post by krasin »

I have a hobby around electronics, and as a side effect, I have been keeping CSVs with all the components from JLCPCB Parts library for the last 6 months. It appears that we're slowly crawling out of the pit:

date,in_stock,out_of_stock,in_stock/total

2022-06-06,185324,173101,0.517051

2022-06-05,185116,173227,0.516589

2022-06-01,184845,173355,0.516039

2022-05-28,183850,173676,0.514228

2022-05-21,181201,175377,0.508167

2022-05-14,180385,175690,0.506593

2022-04-26,178153,176255,0.502678

2022-04-03,176594,176008,0.500831

2022-01-30,157966,198345,0.443337

2022-01-20,156723,199302,0.440202

2022-01-12,155432,200341,0.436885

2022-01-03,121202,236497,0.338838

2021-12-29,121203,236475,0.338861

2021-12-21,119756,234600,0.337954

2021-12-16,119518,234779,0.337338

2021-12-13,121322,232820,0.34258

2021-12-12,121145,232939,0.342136

Re: Carmakers feel chip crisis easing

#23

Post by chrismmccomas »

technothrasher wrote: post #9
bluedino wrote: post #3

I'm still 6-8 months out for a Toyota van

I ordered a new Porsche SUV in the middle of December. It just got offloaded from the ship at port today, so I should finally have it in a couple weeks. But it will be missing some of the electronics, such as the electric steering wheel adjustment due to chip shortages. My poor sister-in-law also thought she ordered a Toyota in December. But as it turns out, the dealership just took advantage of her and told her they…

I had been shopping since January for a 2022 Tundra. I talked to salespeople at probably 75 dealerships on the east coast/mid-atlantic.

Two of them said they could order me what I wanted, with a large deposit and I’d have to wait up to 90 days.

The remaining all said basically they’re at the mercy of what Toyota makes and decides to allocate to their dealership.

Re: Carmakers feel chip crisis easing

#24

Post by technothrasher »

chrismmccomas wrote: post #23
technothrasher wrote: post #9

Earlier quoted context omitted.

I ordered a new Porsche SUV in the middle of December. It just got offloaded from the ship at port today, so I should finally have it in a couple weeks. But it will be missing some of the electronics, such as the electric steering wheel adjustment due to chip shortages. My poor sister-in-law also thought she ordered a Toyota in December. But as it turns out, the dealership just took advantage of her and told her they…

I had been shopping since January for a 2022 Tundra. I talked to salespeople at probably 75 dealerships on the east coast/mid-atlantic. Two of them said they could order me what I wanted, with a large deposit and I’d have to wait up to 90 days. The remaining all said basically they’re at the mercy of what Toyota makes and decides to allocate to their dealership.

> The remaining all said basically they’re at the mercy of what Toyota makes and decides to allocate to their dealership.

This is what the guy at my sister-in-law's dealership said after I got on the phone with him and asked him what the heck was going on with her order when what she was telling me didn't make sense. Would have been nice for him to admit that up front instead of just taking her money and smiling.

Re: Carmakers feel chip crisis easing

#25

Post by BurningFrog »

RyanShook wrote: post #2

I saw an article recently saying that dealerships and car makers want to keep inventories low because they like the post-covid margins they're experiencing. When I paid 5k over msrp a few months ago the salesperson claimed they wanted more inventory because salespeople were unable to hit the volume goals they have. Not sure who to believe but I'm sure the truth lies somewhere in between.

Not sure who to believe either, but by default I'd put car salespeople the last on that list.

Re: Carmakers feel chip crisis easing

#26

Post by mrfusion »

geoduck14 wrote: post #11
WXLCKNO wrote: post #6

Earlier quoted context omitted.

Really glad that dealers in Canada can't charge over MSRP for new vehicles.

I tried to buy a new car yesterday. The price was exactly MSRP, but there were plenty of ad-ons. That I couldn't remove "if I wanted to buy that car". In the end, there were about $11k in "extras" and they low balled me on my trade-in vehicle. I ended up walking away.

I found this in the US too. They were close to MSRP but each dealer had a different mandatory package of junk adding at least 6k.

I looked at my itemized bill and I had actually paid $200 for a phone cable.

Oh and one dealer had mandatory financing.

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