Apparently new car demand is still high - 18% “market adjustment”

[Anonymous]

Just went online to ‘build’ my preferred Hyundai Ioniq5. MSRP total was $52,000. Then I had to search for dealers with inventory. Clicked that and it found one, and showed a $9400 “market adjustment” amount to bring the cost to $61,400. And if I wanted to pay cash, I’d have to pay $65,000. I guess the news articles about sales slowing down are a bit premature. Ouch!

[Anonymous]

Yeah, the new and slightly used market is allegedly still super robust. The bottom is falling out of the junky used car market - several years old, with high miles.

[Anonymous]

I heard there is a glut now. So prices should be coming down.

[Anonymous]

Plenty of cars have no market adjustment. Choose something else.

[Anonymous]

I mean cars are definitely coming into lots but you are trying to buy a customized version of a car that was just released this year…

[Anonymous]

Not just a car, the Ioniq 5 is an EV suv right?

[Anonymous]

Electric cars are still hard to find

[Anonymous]

Sure, electric EVs are hot. But plenty of other cars aren’t selling for MSRP.

[Anonymous]

Lexus NX 350 H in MD has a $5000 -$7000 markup at all dealers.
Darcars in Rockville has Rav 4's electric with huge markups.

Plenty of gas cars no markup

[Anonymous]

Anonymous wrote:Sure, electric EVs are hot. But plenty of other cars aren’t selling for MSRP.

Which ones?

[Anonymous]

I think the market will correct as lots of people are holding on to cars while things even out.

[Anonymous]

We’ve been trying to hold out for a hybrid or EV but the repairs are getting too frequent and too $$ on our current car. Oh well, an ICE vehicle it is.

[Anonymous]

Anonymous wrote:I think the market will correct as lots of people are holding on to cars while things even out.

Of course the market will correct. The question is when? Since the begin of 2022, people are saying the market will correct and cool down
but it's still not happening. Yes, it will eventually correct maybe in 3 years?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sure, electric EVs are hot. But plenty of other cars aren’t selling for MSRP.

Which ones?

Off the top of my head: Subaru Ascent, Honda Pilot, and VW Atlas are all selling below MSRP right now. I don't happen to like any of them, but I wish I did.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think the market will correct as lots of people are holding on to cars while things even out.

Of course the market will correct. The question is when? Since the begin of 2022, people are saying the market will correct and cool down
but it's still not happening. Yes, it will eventually correct maybe in 3 years?

It already has for ICE vehicles. OP is talking about an EV SUV. In case you haven't noticed car companies are heavily advertising discounts again- they weren't even bothering a few months ago.