CA Auto sales has a 2023 in stock with 17,XXX kms right nowMy daughter is thinking about a Honda CRV or HRV and I was wondering about inventory / delivery dates. Covid and chip delays etc. Any thoughts?
My coworker ordered a 2023 Corolla in Dec 2022(?)no idea but our Honda dealership in Milton has an empty lot...only a few used cars...a guy that works with my hubby just received his Toyota and IIRC, it took over a year...Hyundai told us 5-6 months for a factory order Kona about a month ago...
*Not trying to promote this dealership, just noticed it while scrolling for vehicles the other day.CA Auto sales has a 2023 in stock with 17,XXX kms right now
Otherwise I'm hearing 6 month wait time
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They don't "seem" overinflated, they AREWas at my Toyota dealer about a month ago, and they said 6 months to a year for a new vehicle. Prices of used vehicles still seem inflated. I guess they don't want to lose out when they may have over paid for it.
Oh agreed!They don't "seem" overinflated, they ARE
Just saw a 2005 Honda Pilot, like mine, with 170k for $8000!
I paid less for mine 10 years ago!
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Car dealerships love this. They do not have to hold inventory which costs money. Every car is sold at full profit. Why would they want to go back to the old model?Oh agreed!
The other thing they said, would be about 2 years before things got back to normal. I can't remember exactly why that is now, but they justified it. I just get the impression they are not in a hurry to get inventories up. But it was mentioned other manufactures are doing better, and possibly this will pull the rest of them to get their act together. All seems like BS.
Car dealerships love this. They do not have to hold inventory which costs money. Every car is sold at full profit. Why would they want to go back to the old model?
Oh I'm sure if you monopolize anything to your advantage it's suppose to be a win, but it's also scummy as hell.Car dealerships love this. They do not have to hold inventory which costs money. Every car is sold at full profit. Why would they want to go back to the old model?
This was also brought up, sales guy mentioned he had a client come over and ask if they had any cars in this "XXXX" price range, nope. They said Hyundai had cars and would go there.Do they? I don't know the numbers, but it seems to me that selling out of a limited amount of cars and turning customers away doesn't necessarily mean they're making a bigger profit compared to having an "unlimited" supply to sell.
Car buying services are crashing offer prices. I saw one today (in the US) where they offered 19k a year ago and 9K now. Same car, same condition, a few more miles obviously. If they still have inventory they bought at 19K, it will be a rough ride to get it cleared out.Was at my Toyota dealer about a month ago, and they said 6 months to a year for a new vehicle. Prices of used vehicles still seem inflated. I guess they don't want to lose out when they may have over paid for it.
I think margins on used cars have been good recently (as even cars that would previously have been auctioned can now be sold directly for thousands). Margin on new cars has never been great. Some sales people are working hard on churn. Get the retired people that bought a CRV last year to go on the list for a new one and when it arrives in six months, they have both a new vehicle sale and a low mileage newish vehicle to sell used for almost new price for those that don't want to wait.Do they? I don't know the numbers, but it seems to me that selling out of a limited amount of cars and turning customers away doesn't necessarily mean they're making a bigger profit compared to having an "unlimited" supply to sell.
Except when the dealerships are buying the vehicles and after an employee thrashes it for a year are now listing it as used with a healthy markup.Car dealerships love this. They do not have to hold inventory which costs money. Every car is sold at full profit. Why would they want to go back to the old model?