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Opinions on crazy car market


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2022 Mar 15, 12:24am   2,760 views  47 comments

by BoomAndBustCycle   ➕follow (1)   💰tip   ignore  

Anyone know when the insanity will end? People paying $10k markups above MSRP on most decently equipped vehicles? Used Model 3 Tesla’s with 15k miles selling for over MSRP of factory ordered models? Now Tesla just hiked prices of all their cars by around 5% again. So I’m sure tomorrow used Tesla’s will increase their asking prices by $2k-5k.

Will prices crash down in a few years… or are new cars gonna be $40k and up moving forward?

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41   Eric Holder   2022 Apr 8, 10:47am  

Every time I'm choosing between repairing one of my old cars and buying a new(er) one I compare the cost of parts (I do my own wrenching) with the sales tax I'll have to pay on the new(er) ride. So far the cost of parts has been way lower (knock on wood).
42   Goran_K   2022 Apr 8, 12:42pm  

Patrick says
Fauci, Collins, and Bourla should be hanged for this.

They fucked the world just to sell a very dangerous and completely ineffective "vaccine".

They get a few billion, the rest of the world gets fucked.

Organized crime.


Damn. Patrick has become a hardcore patriot since I was last here.
43   AmericanKulak   2022 Apr 8, 1:11pm  

Goran_K says
Damn. Patrick has become a hardcore patriot since I was last here.



Glad to see you back Goran!
44   stereotomy   2022 Apr 8, 1:30pm  

I had to recently pay for a remanufactured short block for my wife's vehicle. Used prices were so fucked up it was cheaper to replace the engine than buy a replacement vehicle. This is a southern car, so no rust, etc. issues.
45   Booger   2022 Apr 8, 1:35pm  

stereotomy says
Used prices were so fucked up it was cheaper to replace the engine


That's always been the case.
46   SunnyvaleCA   2022 Apr 8, 1:35pm  

DooDahMan says
Thanks to the "sort by Price (High)" filter, it's easy to see the most egregious offenders, such as a dealership in Oklahoma that added an extra $200,000 on a new Hummer EV. Porschephiles might be unsurprised by the $150,000 ADM attached to a 911 GT3 in California or an extra $50,000 tacked on to the more prosaic (though still very good) Porsche 911 GTS.

Porsche of Redwood City has 1 (yes, one) 911 for sale; the price is listed as "call for price." 5 years ago I would expect to see 20 or more in inventory for sale. The cheapest non-trucklet — the base level Cayman — has "demo pricing" of $87k! The trucklets are mostly lease deals with a few listed as "call for price."

Porsche of Stevens Creek (the largest dealer here) lists that same single 911 and has no Caymans or Boxsters at all. The 911 is a turbo model, so that means the dealer has zero stick-shifts for sale (at least brand new). Very sad.

My guess is that Porsche manufacturing has been crippled and so they are just raising prices on the last few available. There are some people for which the money just doesn't matter.

As far as Porsche's GT cars (not counting the GTS, which is a very nice car, but basically just an expensive S), the availability and pricing has always been crazy, with people willing to spend big with the expectation that the car will not depreciate. Of course that also means you can't drive it much, but occasional expensive track days and just the joy of seeing it sit in the garage is worth the $250k to some people.
47   Booger   2022 Apr 8, 1:41pm  

gabbar says
I am in the market for a Toyota. Live in Ohio. What's the best path for buying a new Toyota?


Wait another 2 years.

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