No paywall version from Reuters.
Kim reported to NHTSA in 2016 that Hyundai was failing to address a design flaw linked to its Theta II engines, which were prone to seizing up and even catching fire.
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Got this offer yesterday. Before tax I paid $24,000 for this car a two weeks ago. I have no idea what’s going on. I purchased this car off the lot with relatively little effort and probably even left a few bucks on the table.
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The problem is, until they start going personally after people making those decisions, those fines are just cost of doing business.
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I wouldn’t have bought I Hyundai back then. They have improved exponentially.
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Just saw 2(!) today within minutes. At Costco 
Carvana offered me 55k for my Kia Telluride that I bought for 46k half a year ago.
Total insanity.
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Not exactly used car pricing related, but some automakers (like Stellantis) are jacking up destination fees.
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It’s been happening for a while.
“We expect prices to remain high until the inventory pipeline is refilled, which may take another year to return to more normal levels”
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I think this to Malaysian plants are back to 100%: Morgan Stanley says the semiconductor chip shortage for the auto industry is nearly over.
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That doesn’t mean dealers will be going back to giving cars away in a hurry. Especially if they have to eat the corresponding decrease in value for used cars.
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Agree. Recovery always takes more time. It may be a year before we can start seeing some decent deals again.
Does it mean I should sell my second car now? Assuming I don’t really need a second, and kept it so far just in case.
I really hope we see a $2000 a month Rav4 pop up on SAL in a year.
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Downtown Toyota of Oakland certainly has balls of steel.
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Wow I sold one at 8k over msrp and thought the buyer was crazy for spending $65k all in on a rav4!
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