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Cars and Transportation
Reply to "What is a reasonable dealer fee?"
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[quote=Anonymous][quote=Anonymous]Any thoughts on when inventory will pick up? We’re looking for a new vehicle but don’t *need* one, so could stand to wait.[/quote] I think things will loosen up a bit over the next year but only so much: The past 24 months have shaken up a lot of things, including the car market. Chip shortages, etc left carmakers with lower volumes and car dealers with fewer cars on the lot. Weird things started to happen in the used car market as dealers offered big bucks for used cars so that they would have something to sell. In 2021 carmaker profits went way up and car dealers are experiencing all time record profits. The genie is out of the bottle: instead of chasing volume and routinely cutting thousands off the MSRP, the industry discovered the law of supply and demand:" sell fewer vehicles and make a lot more money.[/quote]
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