Was This Finally “Peak Insanity” in Used Vehicle Prices? And all other crystal ball questions

Don’t forget the $999 Documentation & Processing Fee

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…and trade-in of a vehicle 10 years old or newer is required priced a wholesale value minus $1,299 reconditioning fee.

It’s a marketing email lol, they will make it up one way or another.

Rate, back end, warranty, vin etching etc.

On top of all that this dealership has an average review of 3.8 Stars which even for dealership standards is horrid.

One of the most recent 1 star reviews:

To be fair - we bought a car from them in April before things went to crap. It took 3 days but I scored a Purchase Hacker worthy deal on my moms Tucson.

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I mean it doesn’t hurt to try especially if you are a repeat client but A LOT has changed unfortunately for the worse over the past 5-6 months.

Oh yeah for sure. I test drove the Palisade with the same guy 2 weeks ago and asked him about the dealer markup. (He remembers how hard I negotiated.) He was very upfront and said nothing is set in stone if you’re really interested.

+$2,500 for a base Chevy Spark. LOL

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ain’t funny if it’s selling…

At least they’re giving you $500 customer cash

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If only all dealerships were that nice.

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Plot twist those are the other dealership locations in New Mexico and it’s a double error. :joy:

Car price :rocket::rocket::rocket:

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The CCP is on the march everywhere right now from the war on crypto, NYSE listed Chinese companies, Hong Kong, Macau casino contracts, Afghanistan, Taiwan flyovers to continually adding fuel and chaos to disrupted Western bound electronic supply chains…

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Crypto is a made-up asset class that should have been clamped down on by governments years ago. Genuinely surprised it has taken this long, given how many illicit transactions have been made using this nonsense. Would not be surprised if more governments follow suit.

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Isn’t fiat currency a made-up asset class as well?

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Oh this will be good, and has all the indications that it will stay on topic and polite. Getting popcorn…

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Haha I don’t have too much skin in the game so I couldn’t really care less about the opinions on fiat/representative/digital currencies. I just find it interesting when people question the validity of cryptocurrencies as the Treasury is printing trillions in funny money to prop up the economy. But if they want to send out blank checks to every John and Jane Doe on my block so we can buy phone x and car y I’m all for it.

Then you read the article and your realize the survey is dubious.

“In a survey conducted by KBB last month, 35% of car shoppers said they would shift from an import to domestic brand, 32% said they would switch brands they are considering, and 31% said they would shift vehicle categories”

First, domestic brands are generally doing the worst with supply chain issues and production. You aren’t finding more stock on a Chevy or Ford lot. Further, with the truckufication of the domestic brands who are these people switching from imports to domestic brands. Unless you want a pickup or full size SUV, the domestic brands aren’t particularly competitive. The big three have largely given up competing in sedans and their unibody SUVs are nowhere near class leading.

As for “31% said they would shift vehicle categories”. that’s BS. Sedans are still largely available at or under MSRP. Yet their sales continue to decline.

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I think those are just additional questions asked during the survey.

The headline is from

" Kelley Blue Book says that nearly half of car shoppers are likely to postpone a buy right now due to the semiconductor chip shortage. That, along with a mess of other factors, is causing massive headaches for the industry."

I would understand if it was a 1 question survey but multiple questions could have different response rate.

Whether you want to put any faith in responses or not is separate questions but this is just one survey. Doesn’t make the survey garbage per say.

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