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[AspecR]

that was so soon.... wonder if they felt they needed to do that to cover the recall??

Doubt it, the MSRP on every single model has been quietly going up throughout the last 18 months

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[arsing116]

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 ?

The sad part is that these days weren’t that long ago.

 

[Tickle]

@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).

I myself haven't noticed changes in auto financing. I mean rates have gone up but I haven't noticed changes from banks who loan to customers who maybe more risky.

There has been a shift IMO to trim levels that have higher margins. I don't have the data to support it but it has been that way for some time. I suspect the dealer body is more the reason why.

Though maybe it is customer level. I mean that feels to me where the demand is. People walk through the door and ask for Touring CRV and Accords. Not LX. I am confident different areas produce different results. When I go to cities I see LX Hondas and... I break my neck looking at them like they are some sort of supercar because I rarely see them.

 

[TypeRD]

@Tickle Well, there’s a lot of news about banks collapsing or at risk thereof, some of which is due to the types of lending that the banks participate in. Some banks do more auto loans than others, and with folks losing jobs and no longer able to pay their auto loans…it’s a precarious situation (for some consumers and some banks). It really boils down to how well the banks’ loan portfolios are spread to withstand economic pressures at any given time. But yeah, I think you’re right in that the situation may be more evident in some cities or regions than others too.

 

[Doublestack00]

Just crazy numbers out here.

 

[AspecR]

I could’ve told you to avoid Germain, they wanted $72k for their first CW FL5

 

[1971Camaro]

I myself haven't noticed changes in auto financing. I mean rates have gone up but I haven't noticed changes from banks who loan to customers who maybe more risky.

There has been a shift IMO to trim levels that have higher margins. I don't have the data to support it but it has been that way for some time. I suspect the dealer body is more the reason why.

Though maybe it is customer level. I mean that feels to me where the demand is. People walk through the door and ask for Touring CRV and Accords. Not LX. I am confident different areas produce different results. When I go to cities I see LX Hondas and... I break my neck looking at them like their some sort of supercar because I rarely see them.

I have seen several reports that banks are making loans much harder for customers. Some are also pulling out of financing dealership inventory, with smaller dealers hit hardest...
https://www.newsnationnow.com/business/banks-auto-lending-car-dealerships/
https://news.bloomberglaw.com/banki...xiting-a-lending-business-for-car-dealerships

 

[TDC50]

Yes it’s been raised another $500

Hold on America, inflation is not dead. On track for 4.5% this year; this is ON TOP of the record past two years inflation!!! So let’s break it down quarterly for simplicity sake it’s 1.125% per quarter and the bump was $500…… so it’s in line with the expected $506.25 predicted with the aforementioned quarterly inflation number.

The new realities of our politics and economic problems of cheap money to try and solve problems laid bare in the ever increasing Type R MSRP price adjustments ?
History repeats, this was America in the ‘70’s to ‘81

 

[Hot Hatch Hero]

Damn, nice job! I’m in Atlanta also and haven’t had much luck at all. If you come across a reasonable ADM dealer calling you feel free to send them my way ?

Just had the Greensboro, NC dealer call me. They have a type r for sale with an ADM of 8k. I know a lot of people are shooting for 5k or lower; still a good bit lower than anything near the Atlanta area.

 

[jchall30]

Just had the Greensboro, NC dealer call me. They have a type r for sale with an ADM of 8k. I know a lot of people are shooting for 5k or lower; still a good bit lower than anything near the Atlanta area.

What color was it?

 

[Hot Hatch Hero]

What color was it?

I didn’t ask when they called me. It’s also not listed on their website.

 

[jchall30]

I didn’t ask when they called me. It’s also not listed on their website.

Gotcha

 

[CWNole95]

What color was it?

It’s white. I know several folks who work at the dealership.

 

[atlcivic]

It’s white. I know several folks who work at the dealership.

Any chance you can get them down to 6k or less? ?

 

[Clark_Kent]

Yes it’s been raised another $500

Just wanted to circle back on this. I now see where I got $900 from. The MSRP is up $900 since the launch. There must have been a $400 bump (or multiple) some time between launch and the recent increase.

https://hondanews.com/en-US/honda-a...-r-the-ultimate-hot-hatch-arriving-at-dealers

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