Car shopping in today’s world...

babyzilla

Dealerships have really shown their true colors. I hope they all go out of business other than the ones that at least stayed at MSRP (and that's really all the other dealerships had to do while still making a pretty penny, but they got too greedy). I for one will no longer buy from a dealership and rather buy direct from previous owner if possible. Other option would be to buy direct from manufacturer like Tesla. Doesn't help how these auto manufacturers made false promises of punishing dealerships who overmarked cars by throttling their inventory. Once the supply and demand reverses, it'll be comical seeing the dealerships beg for business. Good luck, but of course they'll always have the people who are willing to buy cars for 32% APR for 60 months.

vtec to vvel

Greed may have been a variable (every business strives to make more money, or even survive during the pandemic), however, it’s not just car prices that have skyrocketed, but rather in every imaginable industry due to inflation, in addition to the global supply chain issues and labor. Look at home prices – average value increases is near 20%.

In regards to your comment on the supply/demand reversal, the bigger issue now is how the Feds have aggressively raised rates, and will continue this trend, and therefore disqualify many potential buyers or qualify buyers at a lesser amount with a higher rate.

I am not a fan of car dealerships myself, and buy from whoever you want, but keep in mind that the value/price of anything is worth whatever a buyer is willing to pay.