Reply to Dealers charging thousands over MSRP

Forum Index » Cars and Transportation

Reply to "Dealers charging thousands over MSRP - scammers"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The days of negotiating with dealers for $5,000 less than sticker price are over (at least for now). It's simply supply and demand. Dealer inventory is incredibly low and as long as there are people willing to pay $5,000 over MSRP for a vehicle, they will charge that amount. It's not sleazy - it's what the market is like right now. Are homeowners sleazy when they sell their homes for more than what they're appraised for? Are bars and restaurants sleazy because they charge $40 for a bottle of wine you can buy at the store for $20, or $8 dollar for a beer you can get for $3?

You used to be able to buy cars for less than MSRP primarily for two reasons - either the dealer received a rebate from the manufacturer that allowed the dealer to buy the vehicle from the manufacturer for a price less than MSRP that the dealer then flowed down to you, so you were also able to buy the vehicle for under MSRP, or the dealer was willing to "take a loss" on an individual vehicle that they sold to you at less than what the dealer paid the manufacturer because they received incentives from the manufacturer for exceeding certain sales targets (i.e. they would take a $1,000 loss on an individual car if that sale pushed them over the hurdle that got them $10,000 from the manufacturer). Neither of these things exist right now in this market - manufacturers don't need to provide incentives right now to move their inventory due to the supply/demand of the market.

In terms of them selling cars they don't yet have on their lot, I'm not sure I understand your complaint there. It's not like dealers are taking customer's money for cars and then not delivering the vehicles. Dealers have lists of vehicles that are in-transit and arriving at their dealership. Some will let customers reserve these cars by putting down a deposit so that they can come in and buy the car once it arrives on their lot. No one is getting scammed by paying for a car that never arrives. And if a customer was actually dumb enough to pay cash for a car that is not on the lot and that they've never seen, then shame on them. [/quote]

You sound like a car salesman justifying your dishonest ethics. Do I think that the car dealers and oil companies jacking up the costs of cars and gas is just good business and the same as a restaurant marking up a bottle of wine? No. It's more like grocery stores marking up baby formula just because they can. It's just greed and taking advantage of people in a crisis. The won't forget the greed of the car dealers.

[/quote]

Your reading comprehension needs work. They are not “jacking up prices.” They are eliminating discounts and negotiations to which you are not entitled. Capitalism. Supply and demand. Look it up.

DP, not a car salesman, so don’t bother [/quote]

If a market adjustment of $3000 or more isn’t jacking up prices then please enlighten us as to what it is. It’s not f we limkbsting discounts or negotiations. [/quote]

MSRP is the manufacturer’s suggestion. In theory this includes a reasonable profit for the dealer. Some (most?) manufacturers, like VW, discourage additional dealer markups (ADMs). That dealers are charging what the market will bear is basic economics. What frosts me is when they tell you there’s no ADM, but when you drive out there they want another $5k (Ourisman VW Rockville, I’m looking at you). [/quote]

Deceptive trade practice. File a complaint with the Consumer Protection Division of the Maryland AG. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics