used car market for the past 20 years has always been 36-40 million units a year even during 2008. New cars are and will always be the ones harder to come by
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the fear of missing out is probably the biggest reason adm's are being paid.
FOMO is also driving real estate prices to record highs from Florida to Montana. We close on a FL condo on Wednesday, and we paid exactly double the price that the sellers did 20 months ago. We likely bought at or near the top, but who knows? Since Covid, rental prices have more than doubled in the area, and if we rent it for four months each January , it will cover all taxes, association dues insurance, and loan payment. 1,000 people are moving to Florida each day, so I think the demand will only go higher for beachfront condos and rentals. We've rented ours already just through word of mouth.
I moved from tampa to maryland in 2012 and Tampa is blowing up faster than anywhere right now
It's a real estate market gone mad! I have MN neighbors/friends in St. Pete Beach who just signed a two-year lease on a condo for $11.5K per month. Naples Beachfront 2 bedroom condos rent for $15-$20k per month during the peak Novmeber through April snowbird season.
$50,000/month is the rental price for this 2,600 sq. ft. home in Naples with a pool(not on the beach, just in Olde Naples) for November and December. It's already been rented next January through March, lol.
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Having a good laugh at people defending state-mandated middlemen and lobbied regulations as glorious capitalism. If the market were truly free Ford would sell directly to consumers and take every penny of that MSRP for themselves instead of having to give salesmen a slice of the pie.
ADMs wont go away, just like customers selling their vehicles for more than what they paid for wont go away.
You cannot have it both ways, just my honest opinion.
Now, if you do some searching, you find a honest reputable dealer that'll sell for MSRP or even honor Employee Pricing.
Just be smart everyone and don't panic buy.
EDIT: It will die down eventually, just probably not for another year
You cannot have it both ways, just my honest opinion.
Now, if you do some searching, you find a honest reputable dealer that'll sell for MSRP or even honor Employee Pricing.
Just be smart everyone and don't panic buy.
EDIT: It will die down eventually, just probably not for another year
The rich people fuck it up for the rest of us
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Lol. I won’t pay over MSRP but to think having an extra $15k to spend makes you rich is ridiculous. You save much? No? Jealous? Go find a mirror. “Rich people” is such a bullshit excuse for our woes as a nation. Elon musk paid more taxes than anybody in the history of the IRS. Your government spent 2x what he and I paid them.
Your opinion is just that.
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Yep!!
1. 2021 Porsche 718 Boxster GTS 4.0 purchased 2/2021 = -$3.500 from MSRP
2. 2022 Porsche 718 GT4 purchased 11/2021 = +$20,000 over MSRP
BUT, there are FAR fewer GT4s being built than new Ford Broncos but demand - adjusted on a relative basis for car types and pricing - is in a similar league.
AND, with 4,500 miles I have been offered +$40,000 over what I paid for the GT4 last November. If I weren't loving the GT4 so much I would monetize this opportunity to help pay for my on order 2022(23?) Badlands + SAS + LUX off road toy.
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Agreed that ADM's are fractionally the fault of consumers - in that: if consumers let dealers get away with ADMs, then dealers will continue to play the ADM game.
In this last week, while looking for a 2022 half-ton work truck, I walked away from 4 different dealers trying to apply dealer-discretionary surcharges (ADMs). After 2 days of diligence, I found a non-local dealer whose management decided not to charge ADMs. I commended them for it and am now their customer. I will have to drive a few extra hours to retrieve the vehicle, but I'm happy to do it out of principle, and I won't be paying an ADM.
In this last week, while looking for a 2022 half-ton work truck, I walked away from 4 different dealers trying to apply dealer-discretionary surcharges (ADMs). After 2 days of diligence, I found a non-local dealer whose management decided not to charge ADMs. I commended them for it and am now their customer. I will have to drive a few extra hours to retrieve the vehicle, but I'm happy to do it out of principle, and I won't be paying an ADM.
Congratulations on the new Bronco! Hope you enjoy it.
....and you thought by end of 2022 it would be safe to go back in the water....
CNBC today:
DETROIT – Ford CEO Jim Farley said the company plans to scale production of its electric F-150 Lightning pickup faster than its competitors, with plans to increase production of the Lightning at a plant in Dearborn, Michigan, to 150,000 units in the next year or so, up from an initial target of 40,000 vehicles.
Ford also will prioritize supplies of semiconductor chips, which have been a major supply chain problem for more than a year, for the Lightning, Farley said.
CNBC today:
DETROIT – Ford CEO Jim Farley said the company plans to scale production of its electric F-150 Lightning pickup faster than its competitors, with plans to increase production of the Lightning at a plant in Dearborn, Michigan, to 150,000 units in the next year or so, up from an initial target of 40,000 vehicles.
Ford also will prioritize supplies of semiconductor chips, which have been a major supply chain problem for more than a year, for the Lightning, Farley said.
The dealers are trying to survive. The difference between car dealers, vs say general mills, is they can only increase the price of what you have to sell if you can't do it in volume. General mills can reduce the size of the box and put less in each box effectively increasing the value of what they do have, but you don't feel it.
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