Also dealerships: $10k mark up on this bad boy!
Why do we even have dealerships?
Also dealerships: $10k mark up on this bad boy!
Why do we even have dealerships?
Every dealership in my area has their markup at least the amount of the tax credit. More than a few have exactly the tax credit. Tax credits are supposed to help steer the market, they’re not a handout to pointless middleman.
Markups are super annoying, but identify them quickly and call out the dealer ASAP when looking at new cars. Literally call them out, to their face, and say "No". Don't let them use pointless markups in price negotiations! What I do is find the average price of the car across multiple dealers, subtract all stupid markups, delete the cost of dealer added "upgrades" subtract a few thousand and work from there. There is not much wiggle room for brand new cars, so don't expect to get a deal of the century. Used cars are a totally different beast, but you can basically ignore markups as well.
Provided that your local dealers aren't affiliated in some way, play the long game and play them against each other in a mini-price war. Stupid markups will generally evaporate naturally in that case.
(LPT: Do not sign anything but the actual loan paperwork or contract to buy the car. This will piss off a sales person to no end, but they will get over it. I can go into details why, but I am already outside the scope of this thread.)
A short anecdote to emphasize the wiggle room on used cars:
I briefly worked at a car dealership. A guy traded an old Acura RSX, maybe about fifteen years old. We gave him $500 for it and sold it two days later for $8000.
These stories piss me off, because I tried from January to May to buy a Chevy Bolt from a dozen plus dealers and all I found was markups, falsely advertising customer pre-ordered vehicles as available for sale, and even 3 year old models with 5000 miles being advertised as "new."
I finally gave up and bought a used car from an independent honest dealer. All this talk of EV's not being able to sell is just the dealer tactics coming back to haunt them and I say fuck them
For real, I just had a transmission eat all my money. A transmission! Thats what we're dealing with and they're wondering why we aren't scrambling to pay tens of thousands. We simply do not have it. Also my landlord increased my rent at the same time. This place works for no one but the already rich.
I needed to drive 5 hours to get one at a good price. And they were moving tones of that model though. The other places I went to also mentioned their EVs were moving very quickly, one I was looking at was bought within 2 days of listing. So this doesn't at all match with my experience. Maybe they're referring to the super expensive luxury EVs rather than lower price ones?
Or, hear me out.... they are lying. The dealerships are just lying liars and are lying. Because that's what liars do.
There was just an article (or a couple) the other week about how dealerships are intentionally pushing people to ICE vehicles and lying about EVs anyway they can. I think in one example a sales person told a customer looking at EVs that they can only go 25 MPH or something lmao
Start selling cheaper ones. The day a sub $20,000 EV comes along that can do more than 150 miles on a charge you will all shut up and take my money. I don't need fancy features, I just need something that can get me to work and back with a bit of wiggle room and never have to pay for gas again. 150 miles would be more than sufficient, but 200 would be PERFECT. Leaf and Bolt are close, can we get something a little cheaper, pretty please?
Not many quality ICE vehicles come at that price point these days.
Do you need new? I got a used bolt for about 12k.
Oh where at?
This is the exact reason everyone across the globe exclusively use horses for transportation. Replacing them with these horseless carriages would destroy the shoeing business, where would we put all of the feed?.... What is Biden thinking?!
How about you and the manufacturers sell them cheaper, and now here me out. Maybe then, and I know this is a crazy idea. But could we make it so that the already rich multi million dollar owners earned less?
Nah, wouldn't want that. I'm sure VW and the gang need the money.
if only EVs remain, there won't be any problem selling.
Unless those EVs start at $50,000. Then they're gonna be hard to move no matter what.
This is the best summary I could come up with:
After making record profits in the wake of the pandemic and the collapse of just-in-time inventory chains, they're now complaining that selling electric vehicles is too hard.
Almost 4,000 dealers from around the United States have sent an open letter to President Joe Biden calling for the government to slow down its plan to increase EV adoption between now and 2032.
More and more car buyers are opting to go fully electric each year, although even a record 2023 will fail to see EV uptake reach double-digit percentages.
Mindful of the fact that transportation accounts for the largest segment of US carbon emissions and that our car-centric society encourages driving, the US Department of Energy published a proposed rule in April that would alter the way the government calculates each automaker's corporate average fuel efficiency.
Over the summer, industry analysts at Cox Auto made plenty of headlines with data showing that new EV inventory was growing.
Helpfully, the dealers published a complete list of the 3,882 signatories, making it very easy for people to see which businesses are opposing action on climate change.
The original article contains 586 words, the summary contains 183 words. Saved 69%. I'm a bot and I'm open source!
While in Canada there is 12-24 months wait time for an EV...
Is that because they just aren't making them because no one can afford them?
I just paid $18,000 for an 8 year old base model Jeep Patriot with 210K.
Car market is fucked.
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