ruffdog
New member
Do you think it will happen and what affects on the market do you think it will have if it does happen?
Let’s talk about it and Keep it apolitical.
Let’s talk about it and Keep it apolitical.
I think its going to happen as well. The union demands are super steep and I don't know how they won't have an affect on prices. I think they've got to. Based on a Reddit post I made a month ago the responses were that almost everyone is paying MSRP and some are still paying a 5k markup. One dealer I called in Seattle had a 10k markup on the truck I was interested in. But then Idaho is only a little bit further away and I got the same truck for MSRP. Point is, there's not a lot of room for negotiation.I am guessing...yes.
Trucks are too expensive to go up much more due to a strike. Getting the feeling people are over with the dealer markups, too. Lots are filling up here in Nebraska.
If there’s a strike wouldn’t this be beneficial for the dealerships? Less inventory more mark ups!I am guessing...yes.
Trucks are too expensive to go up much more due to a strike. Getting the feeling people are over with the dealer markups, too. Lots are filling up here in Nebraska.
You would think it would, but talking to folks around here, they aren't going to put up with it and drive what they have, if they haven't updated vehicles already.If there’s a strike wouldn’t this be beneficial for the dealerships? Less inventory more mark ups!
The dealers I know would rather move inventory than try to bank on markups to cover their overhead. After years of low inventory due to COVID, they are itching to get their sales numbers up and smooth out the gross revenues.If there’s a strike wouldn’t this be beneficial for the dealerships? Less inventory more mark ups!
I find this concept interesting. My brother in law works at a dealership and sells cars. I personally cant stand him, however he loves these markups and has made more money in the last 3 years than his whole career. The dealerships here like Toyota and Honda are empty Chevy a few and GMC more. Not like it was before. They have like 2 salesmen at Toyota. Last time I was in there the salesman said buying a new car in the near future will be online purchasing only. One demo on lot and thats it. This is not how I like buying cars but if it is Im probably done buying new. Im also a big haggler. There is No dealing right now, at least here. They are moving inventory pretty fast and consumers here are buying like it was TP still. Unfortunately until this demand goes away prices will be high and dealers wont care much about anything else. My hope is the stupidity stops some day soon and we get back too some sort of normalcy. But Im in the twilight zone and my previous life was a dream.The dealers I know would rather move inventory than try to bank on markups to cover their overhead. After years of low inventory due to COVID, they are itching to get their sales numbers up and smooth out the gross revenues.
I agree the salesmen are making more as they are usually paid on commission, so mark ups only help them. The dealers (owners) make their money on total units sold and more recently on servicing cars. When they sell more inventory, they usually get more clients to use the servicing offered at the dealer and that is where they make a big chunk of their revenue.I find this concept interesting. My brother in law works at a dealership and sells cars. I personally cant stand him, however he loves these markups and has made more money in the last 3 years than his whole career. The dealerships here like Toyota and Honda are empty Chevy a few and GMC more. Not like it was before. They have like 2 salesmen at Toyota. Last time I was in there the salesman said buying a new car in the near future will be online purchasing only. One demo on lot and thats it. This is not how I like buying cars but if it is Im probably done buying new. Im also a big haggler. There is No dealing right now, at least here. They are moving inventory pretty fast and consumers here are buying like it was TP still. Unfortunately until this demand goes away prices will be high and dealers wont care much about anything else. My hope is the stupidity stops some day soon and we get back too some sort of normalcy. But Im in the twilight zone and my previous life was a dream.