31–40 of 261 posts
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…
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…
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.
Disclosure: I work for GM. Anything expressed here is solely my own opinion and experience. I think each statement is true. Context: for ages, OEMs (the factory) have had a belief that Americans will not wait to buy a car. There's also a bit of a prisoner's dilemma: if any automaker wanted to trim inventories, the customer could go to a competing automaker's lot and buy today. Since customers will not wait to buy a c…
I think this is mostly true, for a decent chunk of buyers. And I think this is part of the reason why we've seen used car prices skyrocket. People who have the cash to buy a new car but can't find what they want on the new lot are buying whatever they can.
Earlier quoted context omitted.
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.
You could sell the car yourself, and get financing from a bank. Then its only price (fixed), and addons.
I'm now wishing I put zero down on my last car, because it's looking like my loan is way cheaper than inflation is going to be over the life of the loan.
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.
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 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.
Most dealerships near me that priced gouged had to change course pretty quick. I bought 2 vehicles during the pandemic, both at the same dealership, both at MSRP. I think most people who pay over either don’t know other dealerships will negotiate to MSRP, or they just really want a specific color, etc.
Earlier quoted context omitted.
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
Financing is usually profit shuffled off to the bank.
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I'm sure they will all return to the way they did things prior to covid. All it will take is GM or Ford to start stacking new vehicles on car lots, and all of them will have to follow along.
Ford leadership seems to really want to move to the Tesla preorder model, but changing this will be extremely difficult. This entrenched way of doing business may start seriously hurting their bottom line if Tesla and others can scale the direct to consumer model.
I think the sooner all car makers move DTC the better.
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.