What does the future hold for Stealerships?

SteveVQ

Stealerships have been struggling to meet quotas for the last 2 years. Use that to your advantage, you have them by the short and curlies, not the other way around. At least if you have good credit and a flush account.

If you have a 700+ credit score and flush account, you can tell them to suck it and walk off if they try some stupid "dealer mark up" BS. 8 times out of 10 I've gotten the deal I wanted because I stick to my guns and walk away (DGAF if its cringe). They always come running out chasing me before I get back into my car to make the deal I want. The fact is they need me but I don't need them.

I'm the worst and best kind of customer. Excellent credit, flush account BUT I don't want to be your friend and I could give 2 ***** less about you losing money on a deal. When I walk into a stealership my thoughts are all about what's best for me. IDC your house is falling apart and you're going through a divorce. Get me the best deal or I'll walk.... then you can go deal with Joe Shmoe and his 500 credit score with $2k in the bank who can barely afford a 15yr old Corolla.

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'23 Camaro 1SS 6MT
'19 Camaro 1SS 6MT (Totaled by Red Light Runner)
'13 370Z Sport/Touring 6MT 328whp (Sold)

Zingston

I've walked away so many times I can't remember... and most of the time they chase me or call me the next day.

babyzilla

@SteveVQ @Zingston, I understand what you're saying. Have either of you bought a car since the pandemic? Sincere question BTW. Like I said earlier in my post. From my experience and others I have talked to, they don't care if you walk out. No one is chasing anyone. So I'm curious if that's still going on for you guys. I'm not new to buying cars.

Zingston

I hear ya... last car was 2017. Thankfully I'm not in the position where I HAVE to buy a car right now.

SteveVQ

Yes, actually, I bought this Z I currently have Feb 12th, 2021. They wanted $26K and I walked out. They chased me and I got it for $18k .
I knew the car had been sitting on their lot for a while and I took full advantage of that.

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'23 Camaro 1SS 6MT
'19 Camaro 1SS 6MT (Totaled by Red Light Runner)
'13 370Z Sport/Touring 6MT 328whp (Sold)

babyzilla

Mannnn good on you! Lol

BORNGEARHEAD

It's simple supply/demand. Whether you believe it happened organically or plan-demically, the dealerships have everyone by the balls and they can gouge all they want. Our dealership is selling everything at sticker while others are selling at a $5k markup. The other dealerships even offered to buy our entire Nissan inventory at sticker just so they can turn around and sell at markup. I knew shet was going to hit then, and bought one of the last new '20 Z Sports available in the country. Sooo glad I did.
All I can say is be patient and sit on cash. When this all ends badly, there are going to be really good deals to be had...just like there were in '08.

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'20 370Z Sport - '15 Frontier - '04 350Z Roadster - '79 Datsun 620

babyzilla

Great post. Thanks for your input/advice!

NecioVato

I have been looking for a CTR for the last 6mo - finally just gave up. At first I was just curious as to ‘are the markups this out of control….YUP - they are’. It’s funny bc I would NEVER EVER recommend CarMax to anyone - but during this pandemic - at least you know the price of the car and everything that is being done to it - they also offer a 7 day return policy.
The best deal I found was $5k over MSRP - but this was before things were out of control - fast forward to now - and that $5k is more like $5k over MSRP + every single add on they can think of. So - when I finally got to test drive it - it was a Boost Blue in CarMax. No pressure - they offered a GREAT trade in for the Z - but….while I wanted the CTR - I feel like it didn’t blow me away so like others have said - I’m going to wait it out and look to find a CTR on the cheap - figure that will happen when the new model comes out along with when supply chain issues are not an issue anymore.
The ‘rough’ plan is to keep the Z and mod it to make it a weekend car and make the CTR that daily - backseats and a hatch to pack stuff and do small mods to that car to compare the 2. Regardless - like everyone has said - if you can avoid buying a car right now - it’s best to.
I’m in Dallas - and its funny bc there are so many people buying new cars - i just don’t get it but whatever

/RandomThoughtsPost

babyzilla

It's just like the housing market. Yes, you can sell your home for a great deal...good luck finding another home. It's just a wash at the end of the day.

I'm seeing a lot of new cars on the road every day as well. I just don't get it. I've been seeing a lot of CTRs too. I would say I see at least one a week.

Spooler

Now is not the time to be buying a used or new car.

babyzilla

I enjoy reading these responses/input. That's why I made this thread. Just wanted to see what others have been experiencing and some stories that you are able to share.

abm89

This might be unpopular, but I hate the pricing game with dealerships. I'd much rather have an option to buy directly from the manufacturer at MSRP and just wait for my car to arrive.

Thankfully, I have no plans of buying another car anytime soon.

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babyzilla

No, I think a lot of people would agree with that. Of course it's nice to save money where you can by haggling. On the other hand, I'm starting to realize that if paying MSRP was the only option, you would 1) save time, 2) probably have a positive experience, and 3) not have to worry about if you got the best deal or if you found out someone else was able to get a better deal.

The problem is if manufacturers sold directly, it would wipe out an entire auto industry. Not necessarily a problem for me or many of us on this forum, but a problem nonetheless. I assume manufacturers would have to restructure their business to incorporate this idea, and I'm sure it would come with its own issues (probably still better than dealership though lol).

Rusty

This is what Tesla did.

Shopping for a new vehicle sucks. Some dealers are adding what they call "market adjustments". Ford dealers are great at this. Tacking as much as $15,000 onto the price of new Bronco's. Seen as much as $30,000 on a Mustang FT500.

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