Blue87 wrote

There's probably little we can do about food, however consumers can fight back at rapidly increasing home and auto prices by not buying if not absolutely necessary (I know, tall order). When consumers pay exorbitant prices with out protest, then companies continue to raise them. Typically these kinds of prices rarely drop once raised, except for during a 2008 like financial crisis or extremely low sales. During periods of low sales manufacturers will usually offer rebates and other incentives to move inventory. While automobile prices may not immediately return to yester-year's prices, heavy rebates can soften the load until they do. Lots of trickle down effects here, and I only considered the consumer.

r33_RGSport wrote

Seems like the snowball effect from Covid getting bigger and bigger.
Soon minimum wage in California will be $30/hr.

BobBeau wrote

And businesses will close because they can't afford to pay a $30 an hour wage.

DocWeatherington wrote

They won't care...only things folks can do is prevent dealership markups up to a point.

But your the customer they are the seller. Increase costs will always be absorbed by the customer as at the end of the day any business has a bottom line of overhead costs and stands to make a profit. Tons of suppliers in the background.


The days of massive rebates are gone as manufacturers will not pump out cars in which the demand isnt there and will simply throttle plants. This was a lesson learned with covid

https://www.reuters.com/business/autos-transportation/us-new-vehicle-sales-go-up-feb-vehicle-availability-improves-2023-02-24/

If the hottest market in the US is trucks and the 3 largest manufacturers are doing it everyone else will follow suit.... Keep supply within demand and have things built to order.


Now in an ideal world if materials costs drop down, they would do price cuts ..one would hope so..but why should they as shareholders care about net profits. Could they pass that to consumers with large discounts ... Idk

Look at Telsa... That burnt a lot of people and messes up vehicle values, lease values, loans.

That 70k car you just bought new yesterday, is worth 60k right off the showroom floor.

Your now 10k in the hole plus interest and the bank won't give two shits neither will the manufacturer. As those that did a lease will fine, the other half that bought

bavarianboar wrote

Capitalism with cost transfer to consumers. Oil companies making Billons of $ in profit. Groceries to raw materials all getting expensive. Post pandemic greed to recover from the Covid lull. What goes up rarely comes down.

Curios how much the insurance premiums went up on the M vehicles in last two years.

DocWeatherington wrote

The entire market is up its the new normal. People need to deal with the pay to play.

How much is a gallon of milk today vs what it was in 2019 or any fast food?

At some point everyone will need a new car and it is what it is.

Interest rates could easily be had a 0-1% 16 months ago ...today it's 6-9% with good credit .

BobBeau wrote

And businesses will close because they can't afford to pay a $30 an hour wage.

DocWeatherington wrote

The entire market is up its the new normal. People need to deal with the pay to play.

How much is a gallon of milk today vs what it was in 2019 or any fast food?

At some point everyone will need a new car and it is what it is.

Interest rates could easily be had a 0-1% 16 months ago ...today it's 6-9% with good credit .

mattsrs wrote

Is acoustic glass available as an option on 2024s?

iconoclast wrote

Anyone on here purchase a '24 X5M without ADM? Local dealer has XM with $50k ADM so I am assuming the X5M/C is around $5k but thought I would ask here to get confirmation.

iconoclast wrote

Anyone on here purchase a '24 X5M without ADM? Local dealer has XM with $50k ADM so I am assuming the X5M/C is around $5k but thought I would ask here to get confirmation.