Nissan dealers?
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You haven’t come to Central Jersey then. Toyota, Chevy, Audi, Mercedes lots are all nearly empty. You also have to remember that the lots appear “full,” but their back lots and other storage sites that are normally full of cars are empty. There is a shortage of cars right now plain and simple. Nobody is trying to pull a fast one and create a weird conspiracy
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this is absolutely correct. can add nissan, honda, and acura to that list, as well. same w some beemer stores, too.
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I am in MA. Audi and BMW dealers lots are looking empty. I recently leased a 2021 Audi A6, and inventory was getting low across 5+ dealers in my region (MA, NH, RI).
Manufacturers are hurting. However, folks looking to get into a new or used car right now are just going to have to pay what the current market commands.
EDIT: Although my discount off MSRP was not as high as previous months, the incentives did help the overall deal.
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There’s plenty of cars out there with bargains. You just can’t be set on a specific vehicle, specific options, and you must be willing to travel a bit. Florida is always a good market for buying new cars so look at what the inventory looks like at some of the dealerships in the big Florida markets and see if you can’t work out a deal with one of them. Buy a $99 plane ticket and drive it back home.
Florida is a terrible place to buy/lease. Dealer doc fees are frequently $999 and dealers don’t discount much. Tri-State / Philly has much more competition and better prices than Florida.
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Your Lit a Yahrzeit for your dealer, little did you know 3000 miles away it worked to the tune of a 1k a month, finance manager wet dream, wheelin and dealin MDX.
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All of SoCal (SD specifically) has such low inventory that no dealer is willing to lower prices. All dealers have a mark up and keep citing a chip shortage as the primary cause but I believe it’s all the helicopter money.
Everything is high due to lack of inventory. Dealerships are charging a markup because we are receiving 15% of our usual inventory. I have a total of 20 new vehicles and 88 used vehicles without including trailblazer and BOLT EV. At least the BOLT ev deals are still amazing, but I do miss doing the Camaro and Silverado deals.
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Ifff you hear any news that the production of semiconductors is starting to come back online and should be back in full production mode by say mid summer you will see used car prices fall 20-30% in only a few weeks. Take those deals as quick as you can get them because the collapse in used car prices will be coming and it should not be a surprise when it takes place
It will be longer than that. First projection was sometime in q4 late October early November, now estimating March of next year
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Unfortunately, I won’t take a dealer’s word for it (no offense!)…they’re not what I would call a “neutral party”. What better way to get buyers into the showroom and pay full retail or more than by creating a “buying panic”.
As a counter-example, here what Barron’s has to say today:
I have no idea when it will end…everyone says something different.
That’s all I know…the rest is pure speculation.
Counter example? You linked something saying chip makers are saying at least the end of the year for shortage. The idea that there would be a 3 month delay between when the chip makers get up to speed, car manufacturers are able to ramp back up, and back demand would be filled is at best generous. Your counter example looks awfully supportive of what is being said here.
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I am (or I was) in the market for a 2021 Ford Explorer XLT. So far I have received quotes for MSRP & over MSRP. No thanks. I’m going to keep looking or just wait things out. Thankfully I don’t need a vehicle right now.
If you’re willing to travel you can save a few thousand dollars. Look on Cars.com in Florida. I see several that are $4-6k off MSRP. There’s only $1,000 retail cash so the rest is dealer discount. Buy a $99 plane ticket and drive home in your new Explorer.
FL being a go to spot for car deals!?!?! If so, we are definitely in an alternate automotive universe right now😜
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Let’s not forget the $999 dealer doc fee and inevitable stacking of dealer add-ons.
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Anyone who is telling you when it will end, doesn’t know (it’s wayyy to early to SWAG). Good that you want to verify what’s being told.
There is an entire thread on shortages:
TL;DR it’s nuanced: it depends on manufacturer, where they build it, and what components are in short supply. For instance, if you can live without a couple options, BMW is still building in the US and Germany.
If you are looking at a Japanese car built in Japan, forget about it. Their entire capacity to make semis burned down. They’re shopping the open market which has no capacity.
But please, everyone: if you hear a quote from the CEO of Intel about chip shortages, ignore it. The only Intel chip in your car might be a cellular radio (a business they sold to Apple) or a microcontroller. Intel’s roadmap was 5 years late (after decades of being spot-on) before their best and brightest went down in the Indian ocean. That’s like asking Kodak opinion about digital photography.
So @manku if you are looking at a particular car or manufacturer, you can dig a little to truly understand the amount of inventory on the ground, and whether they are making it all the way through manufacturing (unlike, say, 30k F150s). In many cases not because of just chips, but rubber/foam/etc.
The people at the dealership, likely have no clue what’s actually going on.
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Ok so pay MSRP and a $99 dealer fee or pay a $999 dealer fee and get a $4k discount on the car. Which makes more sense?
Btw: Those sticker add-ons are the easiest to negotiate away. Anyone with any common sense knows they’re just plain garbage.
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Except for the numerous dealers out there that won’t negotiate them away, because they use them as a way to advertise significantly below market deals and then make up for it on the back end with the add-ons. Anyone with common sense knows that’s a standard dealer trick when the advertised price is too good to be true.
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