Partially related: is there a simple metric and/or a website with data on the supply of cars vs. demand? To see how long before the supply constraints ease up and which brands are most affected?
Nonprofit markups.org is exposing the most egregious new car prices
91–100 of 272 posts
Re: Nonprofit markups.org is exposing the most egregious new car prices
#92Earlier quoted context omitted.
There's very little difference between a dealership, and a scalper. Both capture all the items in the market, then work together to inflate the value, artificially. The difference is that many places have laws preventing scalpers, and many places have laws requiring that you buy a car through a dealerships.
Dealers and scalpers provide liquidity. Sellers want the item off their hands now, buyers want something without waiting months for a seller. Dealers link these two needs together and take a cut for the service. There is no monopoly or requirement to sell a car through a dealer. It’s just that people find the service worth the cost.
> There is no monopoly or requirement to sell a car through a dealer.
This is false. In most states, direct sales are illegal.
Re: Nonprofit markups.org is exposing the most egregious new car prices
#93I feel like consumers writ large are forgetting they can protest. If everyone collectively rejects higher prices, the price will come down. Everyone is manipulating this inflation sentiment to wring consumers out of every penny until they're broke. Stop paying for things where the price has exploded higher and force businesses to deal with tighter margins. Prices will normalize.
This doesn’t work when your car is totaled, body shops are backed up for weeks, and you need a car to get to work.
Just buy a used car?
Re: Nonprofit markups.org is exposing the most egregious new car prices
#94Earlier quoted context omitted.
Great to hear. When I sit down in front of my laptop tomorrow, I'll try again.
We plan to really give it a UI and UX scrub and upgrade as soon as we have some funding. We are operating an MVP right now gathering as many data points as possible and trying to figure out which tasks need implemented first.
Have you considered trying to capture the amount of time it took to get from prospective buyer saying "Let's talk about a deal" to discovering the final price ?
Since buyer's time is valuable, and wasted negotiating time frustrating, having a friction-free non-delayed experience would surely be a valuable data-point to many -- as in "I don't want to use a dealer whose average time-to-final-price is more than 30 minutes."
Re: Nonprofit markups.org is exposing the most egregious new car prices
#95Re: Nonprofit markups.org is exposing the most egregious new car prices
#96Based on all other comments I have an unpopular opinion: I think this is fine. If 10 people want to buy 1 car, how do you choose which person gets it? You raise the price until there's only 1 person. How else would you do it?
Re: Nonprofit markups.org is exposing the most egregious new car prices
#97Based on all other comments I have an unpopular opinion: I think this is fine. If 10 people want to buy 1 car, how do you choose which person gets it? You raise the price until there's only 1 person. How else would you do it?
Well yeah, if you want as much money for the car as possible, then you'd do it like that. Personally when I sell stuff second-hand (which tends to be cars, computers, instruments and various accessories), I sell it to whoever is first and closest, in that order.
Re: Nonprofit markups.org is exposing the most egregious new car prices
#98Based on all other comments I have an unpopular opinion: I think this is fine. If 10 people want to buy 1 car, how do you choose which person gets it? You raise the price until there's only 1 person. How else would you do it?
Well yeah, if you want as much money for the car as possible, then you'd do it like that. Personally when I sell stuff second-hand (which tends to be cars, computers, instruments and various accessories), I sell it to whoever is first and closest, in that order.
Right. And I don't think we should fault dealers for wanting to make as much money as possible. They're a business after all.
I usually do the same when I sell stuff second-hand because my priority is getting rid of it as fast as possible, not to make the most money. Since dealers have very limited inventories these days, they should take more time to get a better price.
Re: Nonprofit markups.org is exposing the most egregious new car prices
#99Based on all other comments I have an unpopular opinion: I think this is fine. If 10 people want to buy 1 car, how do you choose which person gets it? You raise the price until there's only 1 person. How else would you do it?
How about they also publish the best markdowns at the same time?
Just like the market can react to markups, it can also do so for markdowns.
Re: Nonprofit markups.org is exposing the most egregious new car prices
#100Earlier quoted context omitted.
Nothing is "non-negotiable" in business. Just say "no".
That's exactly what I did. I had my checkbook and was there to put in a deposit when I found out. Here's an abridged version of how the conversation went: > Me: I don't want that and won't be paying for it. > Them: Well we do it for all new cars and you can't have us not do it. > Me: Well then you can either eat the cost of this unnecessary "service" or sell me the car for $700 under MSRP to make up for it. > Them: S…
We’re you aware at the time that you were acting out a scene from the movie Fargo ?