10-24-2021, 06:08 AM | #45 |
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Here is the crazy side of all of this, BMW may well set a record for most X5s sold in a year. X3s will set a record.
https://www.goodcarbadcar.net/bmw-x5-sales-figures/ The car shortage is real for some models and companies. But -- cars have become the new toilet paper. "Shortages" can create markets and more panic buying which in turn creates more "shortages". I'm sure BMW is selling more lower MSRP models due to options being unavailable, but they are more than making up for this with sales prices at MSRP or higher. Here are YTD numbers for all companies - the recent slowdown is a combination if slowing production but more importantly lack of inventory. https://www.goodcarbadcar.net/2021-u...ures-by-brand/ Great time to be a BMW shareholder. |
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10-24-2021, 12:20 PM | #46 |
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"Tesla Bumps Model S And Model X Prices Higher By $5,000 Each"
https://www.zerohedge.com/markets/te...gher-5000-each
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10-24-2021, 01:02 PM | #47 | |
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10-24-2021, 01:35 PM | #48 |
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That's great. I bet if you tried doing that today you wouldn't have the same success. You would be paying MSRP +
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10-24-2021, 03:51 PM | #49 |
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That's why I laugh when people say "I'm not going to buy a car in this market, I'm going to wait until prices go back down." News flash, they aren't going back down. Just the inflation factor alone will keep prices high, not to mention chip and supply chain issues. We've been waiting for the inevitable "used car market crash" for going on 5 years now and it just keeps building.
Of course a large scale economic crash would reset prices, but not to the levels we're used to seeing 3 years ago. That would simply create a scenario where the auto market would collapse, at least in the US. |
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10-24-2021, 04:12 PM | #50 | |
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However, you could be right and the prices now are as low as they will ever be. We'll see. |
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10-24-2021, 04:17 PM | #51 | ||
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10-24-2021, 05:01 PM | #52 | |||
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Also, if you look at the US treasury bond rate, which is an indicator of faith in the US economic system - it is pretty strong. https://www.macrotrends.net/2016/10-...te-yield-chart If you look at this spread between US and China. China, or others may want to replace the US but they haven't really moved the needle much in real terms… http://www.worldgovernmentbonds.com/...ates-10-years/ Just pointing this out since some of our media love to point to doom and gloom without providing proper context. In general, we are better off competitively than we we were in the 80s …by far! Again, not saying everything is peachy. Yes, inflation is a concern, but we're in a cycle. Anyway, back to car prices. Yeah, they should come down, or I'll just buy something cheaper I can afford. LOL. |
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10-24-2021, 07:46 PM | #53 |
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This has been a real problem with all the dealers. Luckily I found a great dealer who values long term relationships. I managed to get this new 45e yesterday at exactly MSRP. Which I think was fair. But I think dealers who are marking up because of supply issues are not counting the resentment from buyers.
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10-24-2021, 08:03 PM | #54 |
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the three dealerships I went to all had one or two X-line sDrive40i on their lot. None of them had any M-sports package RWD or AWD nor the 45e. I wanted to test-drive a 45e, but I think it's similar to sDrive40i.
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10-24-2021, 08:04 PM | #55 | |
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By the time that resentment depresses profits most managers/sales staff in place today will be at new dealerships and/or new jobs. |
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10-25-2021, 12:51 AM | #56 | |
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It's pretty obvious that when a brand new car comes out with a $100k MSRP.....the average selling price is going to go way up for a manufacturer. That is the only reason Cadillac and Mercedes average selling price is so much higher over last year as opposed to BMW.
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10-25-2021, 11:31 PM | #57 |
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Totally correct. It's all about today. I told all of them I wouldn't play that game with them and they were welcome to find other buyers.
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10-25-2021, 11:39 PM | #58 |
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This will probably take 3-4 years.
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10-25-2021, 11:54 PM | #59 | |
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Not enough price elasticity on an X5 to raise prices too much before those buyers go to an X7 or some other brand. |
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10-26-2021, 12:23 PM | #60 |
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I will just wait it out for a couple of years since it hard to predict 24 months out. Lots of valid comments here, and I know I will not buy a car in this environment right now. Brand loyalty could become a thing in the past, why overprice for x if u can get a similar experience with y.
The used market is also impacted because I am not selling any of my cars either… |
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10-26-2021, 12:45 PM | #61 |
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when everyone is marking up because of this situation then the experience is the same with X and Y or A or B or whomever is currently selling cars.
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10-28-2021, 11:06 PM | #62 |
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Picked up my M50i about 3 weeks ago. Flew out and drove 1000 miles back and happy I did. It is mostly loaded and met the spec I wanted minus massaging seats. I got about $6k off. MSRP was $93k, they had offered a discount and got an extra $3200 off on the USAA deal.
My local dealer has a used 2020, same spec almost with 15k miles for the same price I just paid for brand new. I would have also paid about $3k more in sales tax, so this saved me more than the $6k off MSRP. Also secured 1.8% financing for 60 months through US Bank, so I intentionally put very little money down Just look around and if you're willing to travel, there are deals. Unsure on leasing deals though. |
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10-29-2021, 12:21 AM | #63 |
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How did you save on sales tax if the selling price was the same across both cars?
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10-29-2021, 06:11 AM | #64 | |
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Just my simple analysis… |
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10-29-2021, 06:38 PM | #66 |
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Wow it’s some strange times when we feel good about buying at msrp.
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