LH's driving prices up?

Just an observation but wanted to share. I posted a G80 electrified deal I found on 10/18 and several LH members DM’d me about it. I was happy to pass along info but the car its still on the dealers site. One member told me they reached out and the dealer said could not do the deal I had posted.

The answer seems obvious but I thought I’d ask anyway for perspective - when a dealer starts getting a bunch on inquires on the same car do they then stop discounting because they think they have a hot commodity?

Yup.

Especially when there’s a unique spec, like a left over 2023, the community will search for anything that fits that description nationally and spam the dealers. sometimes it leads to other deals but it can also ruin them. Amazingly they also will try to backdoor brokers to avoid a fee.

Not always though… usually these great deals the dealer just wants it gone.

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Just wait for the hype aka perceived increase in demand to die down.

A year or so ago people here were saying everyone was calling every MB dealer in the country and driving up EQS prices.

Guess what, the perceived demand never materialized and prices went back down.

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Its just funny how I got 7 DMs and provided the price sheet and link to car and its still available.

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There is no instant update. It takes a few days to remove a car from the website.

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Bro single-handedly changed the market for Hyundai’s in the US.

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We blame @HersheySweet for the EQS bell curve of sales/demand :stuck_out_tongue_winking_eye::grin:

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Also keep in mind only 10% of the people who PM’d you are really interested. Others ask just to ask.

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Where’s the @hersheysweet hate club? Let me be president!

I genuinely think the 13/10K deals made dealers in SoCal cocky about their precious ioniq inventory after I sent them 100+ deals in 2 days :joy: a dealer called me and told me that people were printing our Leasehackr listing and using it to negotiate. Maybe same thing happened with this Genesis deal.

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If I have one hater its @li8625

To those who are curious I am one of those people who reached out. The dealer said they won’t be able to get the exact quote because I’m from a different state (NJ), which apparently has higher state fees/taxes combined compared to what was offered to @brunot99. Maybe they lied, I’m not sure, but the dealer experience was horrible from the start. First, they denied ever coming up with such a quote. Once I showed them the deal a few days later, they changed the narrative to state taxes and fees. I would much rather out this dealership if @brunot99 allows it, so that everyone else knows to avoid them in the future. They’re very scammy

I don’t know if I’m ready to cancel them just yet. My guess is so many LHers hit them up they started to change their view on letting it go.

This is not a scummy move.

You drove the interest up in a car they were willing to let go to one specific buyer.

You caused the deal to fail.

If someone offered you an offer for an item and suddenly everyone starts messaging you about it, it will be normal for you as a seller to take the highest bid and see if someone wants to pay a bit more for it.

You caused it, simple supply and demand