1971Camaro

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My delivery has been pushed back two consecutive weeks, anticipation is killing me!
I know what you are going thru... i waited from Aug 3 2022 until feb 13 2023 to get my call. This forum helped me through that.
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ELIAS64

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Naples Honda just quoted me $74,100 OTD for a 2023 R

They must be doing bath salts.
I’m going to troll them after work.. no nooo. Not the BMW M3. I’m asking about the price for the Honda Civic
 

1971Camaro

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@Tickle Yeah it’s only a data point.

We know that most of our “news” these days lacks detail and nuance, so it requires people (who really want a comprehensive understanding) to deep dive. Not many will do that. In fact, most news sources are counting on this. It’s all done to maintain their partisan, not-fully-informed, readership. But anyway…

Another way to look at it is this : Because the economy is shaky (with mortgage foreclosures and auto loan defaults), lenders are more apprehensive to give out auto loans. As such, the auto industry has shifted production to focus on fewer (perhaps higher-end / higher margin) offerings to cater to those who can afford new vehicles (without the need for a loan or only require a partial loan).
You are correct... HOWEVER, the focus is intentional to serve the upper class... yet, cars are NOT a luxury item, and to get at least a decent car is at least 30k OTD...which is predicted to increase in 2024 along with yet-higher interest rates. the problem is that in our communities, a car is so often the only means to get to work, and a RELIABLE car is pretty mandatory.
 


TypeRD

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You are correct... HOWEVER, the focus is intentional to serve the upper class... yet, cars are NOT a luxury item, and to get at least a decent car is at least 30k OTD...which is predicted to increase in 2024 along with yet-higher interest rates. the problem is that in our communities, a car is so often the only means to get to work, and a RELIABLE car is pretty mandatory.
You are correct. And this is what has driven up the prices of used cars. It wasn’t just that there was an overall shortage of new cars for sale, but there are many who simply need good, reliable, transportation at a reasonable price to get to work and take kids to school etc. So…actually, this sort of suggests that NEW cars are indeed becoming “luxury” items (given current economic circumstances). I saw somewhere that there are only like 5 cars available, new, for $20k or less! It’s crazy! Mid and lower income households are getting priced out of both the housing market AND the new car market.
 
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AspecR

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Naples Honda just quoted me $74,100 OTD for a 2023 R

They must be doing bath salts.
Too many rich people with “idgaf” money here in South Florida.

I know personally of 3 that have sold for over 20k. 2 of them are currently parked beside GT3s and the other is parked beside an NC1 NSX
 

Doublestack00

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Too many rich people with “idgaf” money here in South Florida.

I know personally of 3 that have sold for over 20k. 2 of them are currently parked beside GT3s and the other is parked beside an NC1 NSX

I can see that, just sucks that it ruins the chance for an average guy to get a cool car that they can daily and have some weekend fun with.
 

Doublestack00

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I remember the good ole days where you walk into a dealership and fight with the salesman to get the car below MSRP. Now it's the opposite to where you have to fight to get close back to MSRP ?

I called on an Si today, they are taking bids on who will pay the most over MSRP.

I am like wtf, you must be joking and hung up.
 


AspecR

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I remember the good ole days where you walk into a dealership and fight with the salesman to get the car below MSRP. Now it's the opposite to where you have to fight to get close back to MSRP ?

Man! You have no idea, we used to give MSRP all day and people would be like “Absolutely not, that’s not a good deal.” Oh how the tables have turned, now MSRP is everybody’s favorite acronym
 

Clark_Kent

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Man! You have no idea, we used to give MSRP all day and people would be like “Absolutely not, that’s not a good deal.” Oh how the tables have turned, now MSRP is everybody’s favorite acronym
Yeah, it really is wild. Brings to life the statement that yesterday's price is not today's price.
 
 







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