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Not a great time to buy in terms of "deals". You'll probably pay sticker price or close to it w/o much room for negotiating. Especially the hot models like the Kia Telluride- people are on waiting lists for those.
We just bought a less in demand model, Hyundai Santa Fe. $1500 off MSRP (through rebates) but no more negotiating. They had 2 on the lot.
We went to Leith Honda- one Passport, zero CRVs. Auto Park Kia flat out "we have no Sorentos or Tellurides".
In a weird way, the inventory could make it less stressful for introverts or people who dread haggling- there isn't much to haggle over if there is only one car on the lot you want.
I've found in the past the "hardest sell" was actually the extended warranty and maintenance plans- though Johnson Hyundai we were pleased let it go pretty easily.
I have a family member deep in Detroit's supply chain management. The parts problem is not going to end anytime soon. Think years not months. Hot selling Jeep factory closed last week. Like any shortage people are panic buying to make it worse. Container rates have gone from $700 to $14,000 on some shipments. Port and rail infrastructure cannot even keep up with consumer goods. Auto repair shops are going to do well!
I've found in the past the "hardest sell" was actually the extended warranty and maintenance plans- though Johnson Hyundai we were pleased let it go pretty easily.
Over 255 new Honda vehicles at the Myrtle Beach store!
The finance & insurance (F&I) employees are the highest paid in a typical store.
Ha! Yep I love the Kevin videos- that's what taught me about all the extended warranty paint protection junk which is the most profitable.
Leith Honda says 11 CRVs on their website but when we got there were zero...â€we can't update the internet every 5 minutesâ€. Hmm seems you never update it!
That's sad to see - I've heard so many good things about Carvana from friends about buying a used car from them and the quality. They said it was so easy to purchase from them.
it sounds like Carvana wanted to do things their way, as if transfer/registration laws were uniform across the US.
translating to my experience, it's similar to what the "internet real estate" companies have discovered, sometimes the hard way.
Innovation is awesome. The problem is when you're dealing with 50 different states and potentially 50 different set of laws. And don't want to do your due diligence on how those laws impact your business model.
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