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Lol if ice vehicles were to be banned then someone forgot to tell the auto makers because they are still producing ice vehicles along with their EV’s. I think if ice vehicles were to be banned in a couple years than the automakers would not still be making them. Lol people think that ice vehicles are going to disappear in the near future. These people better think of how your going to make a EV vehicle without useing petroleum products or fossil fuel power assembly plants. If you think plastic or vinyl, the planet will never be free of petroleum fossil fuel.
There is no indication that demand dropped this much. It seems to be all supply side issues.
The California Ban is not even a law, it is more like a goal and it is not suposed to happen until 2035. Besides that is a ban on new vehicle sales, not on vehicles that are already owned. At least 40 states have not even discussed a goal, let alone a ban.
So I disagree that EVs are a factor at this stage.
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I think Ford is going to be worse than GM. I'm kind of wondering where the Apple Car that has been rumored for many years is going to appear.
The Hyundai-Kia-Genesis company seems unaffected this quarter. Do they have a better microchip contract?
when is this chip shortage estimated to end? I would love to buy a new truck but I refuse to pay what dealers are asking, and will NEVER pay over MSRP. I generally buy newer used because of the price break but those are also out of control.
Who wants to buy an ICE car which could be banned a few years down the road? The choice is keep an old car, buy an ICE car not knowing if you will be allowed to drive it and get little resale value, or buy an EV and get only 40 miles on a charge? Keep my old car is my choice and I'm sure many will do the same, chip or no chip, so the EV trend is probably reducing sales.
Are you joking? MILLIONS of people are willing to buy ICE vehicles.
when is this chip shortage estimated to end? I would love to buy a new truck but I refuse to pay what dealers are asking, and will NEVER pay over MSRP. I generally buy newer used because of the price break but those are also out of control.
Unless I TRULY NEED to replace an auto, I wont.
The issue is that if you drive cars into the ground, then you reach the point where you TRULY NEED to replace it at inconvenient times, such as this one. Unless you can work on cars, in which case, it's a different situation, as it has always been.
My feeling is that the situation before the pandemic with new cars is that you could get out the door for sticker pretty easily and if you were willing to invest some serious time perhaps a couple to a few thousand under sticker (for a 25K range price car). That was my experience.
Now, you'll be lucky or have to do work to get sticker before taxes and fees.
From everything that I've heard and read, and dealers that I've talked to, the stock should improve by middle of next year. However, what that means is that likely dealers will just lower their markups.
The ones charging markups now will lower them to compete with ones who are not. However, it will still be sticker before taxes and fees.
I think at some point within the next 2-3 years it will get back to the point where you can get OTD for sticker.
But I think the days of getting OTD for significantly under sticker are gone for the forseeable future.
The issue is that if you drive cars into the ground, then you reach the point where you TRULY NEED to replace it at inconvenient times, such as this one. Unless you can work on cars, in which case, it's a different situation, as it has always been.
My feeling is that the situation before the pandemic with new cars is that you could get out the door for sticker pretty easily and if you were willing to invest some serious time perhaps a couple to a few thousand under sticker (for a 25K range price car). That was my experience.
Now, you'll be lucky or have to do work to get sticker before taxes and fees.
From everything that I've heard and read, and dealers that I've talked to, the stock should improve by middle of next year. However, what that means is that likely dealers will just lower their markups.
The ones charging markups now will lower them to compete with ones who are not. However, it will still be sticker before taxes and fees.
I think at some point within the next 2-3 years it will get back to the point where you can get OTD for sticker.
But I think the days of getting OTD for significantly under sticker are gone for the forseeable future.
Used cars, I'm not sure.
For used cars, if you remember cash for clunkers, killed the cheap car market. As an owner of a dealership, I was forced to pay more for a used vehicle at the auction. That in turn raised the prices of used cars as a whole. Those cheaper prices never came back. I don’t think they will at this point either. I’ve been out of the business awhile now, but I don’t remember a time when I could get more for a vehicle after owning it for 3 years than now. I paid $14,700 otd for a 2016 Ford transit connect with 53k almost 3 years ago. I know I stole it then but it was on a vw lot. Today, I’ve been offered $17,055 from Carvana.
when is this chip shortage estimated to end? I would love to buy a new truck but I refuse to pay what dealers are asking, and will NEVER pay over MSRP. I generally buy newer used because of the price break but those are also out of control.
Unless I TRULY NEED to replace an auto, I wont.
Last winter they said it would ease sometime in the summer of 2021. Now they say end of 2022. What will they say this time next year?
I'm looking at new trucks and many are $500-1000 above MSRP. If you can get MSRP right now you are lucky.
The issue is that if you drive cars into the ground, then you reach the point where you TRULY NEED to replace it at inconvenient times, such as this one. Unless you can work on cars, in which case, it's a different situation, as it has always been.
My feeling is that the situation before the pandemic with new cars is that you could get out the door for sticker pretty easily and if you were willing to invest some serious time perhaps a couple to a few thousand under sticker (for a 25K range price car). That was my experience.
Now, you'll be lucky or have to do work to get sticker before taxes and fees.
From everything that I've heard and read, and dealers that I've talked to, the stock should improve by middle of next year. However, what that means is that likely dealers will just lower their markups.
The ones charging markups now will lower them to compete with ones who are not. However, it will still be sticker before taxes and fees.
I think at some point within the next 2-3 years it will get back to the point where you can get OTD for sticker.
But I think the days of getting OTD for significantly under sticker are gone for the forseeable future.
Used cars, I'm not sure.
I have never paid close to sticker for a car, new or used. I feel like that isnt the norm until this past 18 months. Every new car Ihave ever bought i got below sticker not including dealer/ man incentives. With the internet you can accomplish this without leaving the house. Now people think msrp is a deal. Todays market is feeding lavishly on those who are not content with their current auto.
For the ones driving them into the ground, I would assume they would repair any issues and wait it out if that is how they value automobiles. I don't feel that many owners outside of a total accident or major major issue are going to replace an auto right now. Hanging on to your paid off vehicle is by far the smartest way to approach this topic at any time and its always cheaper to repair than to replace.
Lol if ice vehicles were to be banned then someone forgot to tell the auto makers because they are still producing ice vehicles along with their EV’s. I think if ice vehicles were to be banned in a couple years than the automakers would not still be making them. Lol people think that ice vehicles are going to disappear in the near future. These people better think of how your going to make a EV vehicle without useing petroleum products or fossil fuel power assembly plants. If you think plastic or vinyl, the planet will never be free of petroleum fossil fuel.
Why exactly do you think it has to be all or nothing?
Automakers are indeed winding down ice production. VW is the biggest automaker worldwide and the current generation is their last for internal combustion.
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