When I decided to buy a Bronco Sport, I checked online with my local dealer for inventory.

They had 6 on a Wednesday. I made an appointment to meet with the Internet Sales Manger Saturday morning at opening time.

Went in and 5 were sold and someone was thinking about the 6th.

I bought it and drove it home. If you snooze, you lose.

If you consider that for the first time the average new car crested $40k last spring. Right now less than a year later the average car is $47k. That is a crazy jump in less than a year and not only points to inflation but supply and demand.

In a round about way you aren't going to get a deal on anything desirable.

I was able to talk a local dealer down $500, fix two things on it, and filling the gas tank in a really nice and clean used Nissan Titan Pro-4X crew cab. The fill up was $65 by itself.

I’m sorry. Should have read the title better. You are talking new.

I thought about getting my wife a new Hyundai Pallisade or a Kia Telluride but that went nowhere fast. The dealerships have almost nothing on the lot and what they do have is in the higher trim levels, loaded with expensive options.
They're not willing to budge on price. I'm just gonna wait awhile, I refuse to pay sticker price for any of these over priced cars.

I just said FUC$ out loud when I read of the Escalade “Market Adjustment “ of 20k ….FUC#!!

quote:

I refuse to pay sticker price for any of these over priced cars.

$10,000 over around here

We got a new 4Runner in October, there was no haggling and we paid over MSRP, wife wanted it, 'nough said. Her first choice was a full size Bronco, 1 year plus wait, MSRP. Then a Telluride, another year plus wait, MSRP. The 4Runner is very nice, although it doesn't have all the latest technology but she doesn't care.

I saw where the average price of a new vehicle is now $47.7K! We were right there with the 4Runner.

Best advice is do not buy a car right now unless you absolutely have to, new or used. For instance, used trucks are up almost 50% year over year. So a $30K used truck last year costs almost $45K today. Having a car to trade helps, since theoretically your trade is worth a great deal more helping keep the difference close to the same, particularly if it’s decent cosmetically and mechanically. I get there’s not much sympathy for dealers, but you can’t really blame the dealers. With little or no inventory to sell they’re just trying to stay in business. Many won’t.

It may be a while, but when this bubble bursts, people are going to be seriously buried in their recently purchased cars.

quote:

Originally posted by jigray3:
Best advice is do not buy a car right now unless you absolutely have to, new or used. For instance, used trucks are up almost 50% year over year. So a $30K used truck last year costs almost $45K today. Having a car to trade helps, since theoretically your trade is worth a great deal more helping keep the difference close to the same, particularly if it’s decent cosmetically and mechanically. I get there’s not much sympathy for dealers, but you can’t really blame the dealers. With little or no inventory to sell they’re just trying to stay in business. Many won’t.

It may be a while, but when this bubble bursts, people are going to be seriously buried in their recently purchased cars.

I kinda agree on new cars, at some point the supply disruptions will be sorted out and vehicle will be manufactured at normal rate.

Used cars will keep climbing, because new car prices have gone up considerably and also most manufacturers have been building 20-30% less cars the last year and a half. Result of that, there will be that many less used cars on the market.

It is gonna be a very interesting year for the car business…..

Given the insanity surrounding markup and even used car prices, I’m sticking with my low mile 02 Grand Cherokee, moderate miles 98 Tacoma and Outback and extremely low mile 03 Tundra ExCab. We have no plans to add financial burden to our lives- not until things normalize anyway.

Take it for what it is as a more specialized market place. As a diesel truck owner I pay attention to the prices and like to see where they are at. I bought a 17 Ram 2500 Cummins with 101k on it last February and paid what I would call at the time a fair price. Fast forward a year and that same truck would be costing me 10k more. I've considered trading it back in, but there would be no benefit as any profit would be lost.

On that same note many diesel trucks around here are selling for more than what the MSRP sticker showed as used trucks. There is currently a 2020 Ram 2500 Laramie for $65,900 with 39k on the clock. That trucks sticker had a price of $64,285 per it's carfax. The market is nuts and shows no signs of slowing down anytime soon.

By the time the supply chain evens out, all that will be available is electric

quote:

Originally posted by oldbill123:
By the time the supply chain evens out, all that will be available is electric

Yikes. That's a very discouraging thought.

quote:

By the time the supply chain evens out, all that will be available is electric

^^^^^^^^^^^^^^^^R
Really? Capitalism and the auto makers will make sure there are plenty of gas autos. This kind of pessimism is not healthy.

Capitalism is old school. Woke business embrace socialism and they demand electric.

This can go both ways. If your trading your car don’t let the dealer stiff on what it’s worth,in fact ad another 1000 to it and work the salesman for a trade.

You’re doing very well if you get a Tacoma for MSRP these days. I just bought a double cab SR5 in October, tried to get a Costco discount, no luck, paid MSRP, plus tax, license, etc. I’ve checked local dealers a few times since (the dealer where I purchased mine is 70-80 miles away, we’ve bought three previous Toyotas from them, as they always give the best deals) every dealer has low to no inventory, and anywhere from $5k to even $10k mark up on Tacomas. Crazy times!