Dealerships Are SCARED

Dealerships Are SCARED
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[neverclevernorwitty]

Couldn't have happened to a better industry.

[kbmblizz]

I'm weeping, 🐊tears. The bankers charge us fees for using our money in our checking acc, gouge us for credit card debts. Dealers piled on thousands $ as profit in COVID. They made the bed, now lie in it.

[JJ-mhhb]

Sell at a loss at auction > give you a deal.

Dealership logic 101

[MuahMan]

Dealerships, why is nobody buying my $100, 000.00 dollar truck that was $40, 000.00 3 years ago"

[Factory]

I am just maintaining the vehicles I have. They are paid for.

Dealers don't deserve my money. I will buy a new car when I cannot keep my existing cars running anymore.

[tazzel]

Don't believe dealerships are in trouble at all. They are still not negotiating. Price is the price. Offered 39k for a 42k vehicle. No deal. I walked

[HR-jij]

Maybe it’s because I went to a Honda dealer but they were still loading up a bunch of goofy add-ons. (Door edge protectors, etc.) Would not negotiate…didn’t even blink when I jokingly asked if nitrogen tires were included in their “package”. I wouldn’t mind some dealers going the way of the dinosaur.

[georgemaccrone]

They should be terrified, when the manufacturers start repossessing cars and dumping them at auctions there will be a lot of bankruptcies and they will deserve it all.

[Spaethon]

I drive a 1999 Mitsubishi Mirage and will keep driving her for years to come, God willing. For most, a vehicle takes you from A to b, that's it. Even a newer used car is a ridiculous waste of money. Especially with the oversaturation of do-it-yourself maintenance videos out there. I've gone many years without a car payment and it's just oh so lovely.

[jaymario]

Average new car dealership profit was $7.2 million in 2022... I dont think anyone is losing any sleep for dealers that are forced to deleverage temporarly, by the banks.

[picklerix]

I own three vehicles that are older but in good mechanical condition. I have been buying used cars from older relatives who can no longer drive. I don’t expect to purchase another new car as long as I live.

[patrickgagne]

Dealerships were ripping off people so bad during the plandemic (I.e 20% over msrp) that people don’t trust them. This happen to me and decided to buy a 2005 Volvo, did all of the maintenance and it’s been solid since. $3500 and no ridiculous car payments

[jims]

Not having any family and most of my friends have passed so my fun is you tube and you are one of my favorites on YouTube . Nice to see an honest guy in a crazy world. Keep up the good work lucky

[marcelmed]

As pointed out by other comments, I've had a similar situation a few weeks ago. Offered 2K below MSRP on a new 50K vehicle. Dealer said no and I left. Folks Manufacturers will not lower prices if you don't push them to lower MSRP. Vehicle MSRP's have gone up by 20-30% in the last two years. Makes no sense.

[BTC]

When it comes to new, unless manufactures are willing to reprint monroneys the price drops will be laughable. The Stellantis price drops are a joke compared to prices 3 years ago.

[BCisme]

Been seeing plenty of dealers in Virginia Beach close up. been here on and off for 27 years, seen many locations with a different name over and over. Same cars, same type of dealers, different names. It never ends.

[markallen]

Soooo glad they are scared! We've been telling them for years that their prices had reached gouged levels. But they didn't listen. Now they might when customers don't show up. Hope so.

[cliff_see]

I live in California, went to a Nissan dealership yesterday, i couldn't even drive into the lot because there were so many new cars. They took up every inch of the new car parking. Had to park on the street.

[richardweyland]

I've seen good prices on dealer websites but when you go to see the car, they make all kinds of excuses about how that's not the price and the real price is $10K more than what was online. The ones I've been looking at aren't scared enough.

[pamdemic]

After the CPI report today, it looks like rates are going to go up in the future, not down.