I didn’t see allocations any lower then before really. Things have been pretty steady. Up from 5 new cars on the lot to around 25. Woo hoo
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Cue the people asking for 15% off and buy rate.
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This was possible with Toyota and Honda too? I always thought they sold plus or minus 2k from msrp
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Houston said if he can’t buy it for $200k he’s not going to do it. And he said it’s worth $200k for someone to hang it as art.
$300k just for the battery.
So basically he’s not going to do it.
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The flooded regera is something to watch
Have you seen the Video of the Taycan that was submerged, with standing water on the floor in the back seats start up and drive a few feet? My guess is the water hasn’t seeped into the battery pack/electronics yet.
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most automotive wiring connections and computers are pretty waterproof, the problem is even trace amounts of water causes corrosion and shorts.
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8-10% off was def possible with Toyota when they had some incentives along with the discounts. The good old days of $150 tacos and $300 tundras…
You mean cue the people ready to bless dealers?
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Dealer praying for storms/acts of god insurance claims so they can turn their used cars into cash.
Still probably gonna be a loss since those dealers are likely paying floorplan or have been paying floorplan on those cars that are/were sitting.
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Dropped (10/7) - $40,200
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must be on the 60 day floor plan, he’s gotta get that off his lot in the next 30days
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Back to the race to the bottom I guess. 
I assume losses encountered in the used car section can either be written off, or passed on as limiter on how low they go on the new car side, blessings/adms, and/or service rates?
Back during the 08 era, used cars were the boon to keeping the lights on, while new cars were packed with trunk money, so I assume they’re just going to role reverse here?
I have a few red or green cars on the lot. Guess that’s better then nothing but I don’t see full Toyota or Kia lots anywhere. Just my small microcosm though…
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I saw this video from Ben Hardy and it brought a smile to my face.
Only reason i get angry about the car pricing situation is that it really is unfair and we can do better in 2022.
What i’ve learned is that car valuations are set by:
- those with the lowest cost basis
- those who are the most desperate.
If i pay 75k for a 100k, and you pay 110k for a 100k car. When i sell for 65k, I set the market for you. Just like when someone walks into dealer and pays 5k over sticker, he sets the base for the rest of us.
This sets the depreciation schedule for all of us.
We are all here at leasehacker, because we like getting a new vehicle every 3 years or so, and all these dopes screwed things up for all of us.
But heres the good news that Ben didn’t tell you. Auto makers do have a minimum output level they have to hit. Why? because “assets” on their balance sheet like machines, warehouses, parts, etc… have a operating expense floor. So if vehicles aren’t made and sold the noose starts to tighen in the C suite, because quarterly earnings set borrowing costs, bonuses, etc…
Anyways, thanks for reading my rant.
TLDR: I am going to dealers this weekend and going to ask for 20% off cars I wanted. I know they won’t sell it to me. but sales folks are humans too, when they see 50 people come in, and walk out with nothing, it’ll reset expectations for them and the dealership. and if enough of us can hold a dealership saleless for 1-2 months, the discounts will come rushing back in.
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be sure to let us know how that goes.
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