Car Prices
Oct 27, 2023 10:58:42 #
I remember the good old days when dealers gave you healthy discounts off the list price of new cars. Then manufacturers cut back on dealer discounts, but you could still get something off the sticker price.
The next step was to pay the sticker price, with possible dealer add-ons - like $400 wax and $200 wheel locks. Unfortunately, things have gotten worse because of supply and demand. For many popular models, dealers are adding 22% - 37% to the base price of the car. That's gotta hurt. "Well, if you don't want it, someone else will."
The next step was to pay the sticker price, with possible dealer add-ons - like $400 wax and $200 wheel locks. Unfortunately, things have gotten worse because of supply and demand. For many popular models, dealers are adding 22% - 37% to the base price of the car. That's gotta hurt. "Well, if you don't want it, someone else will."
Oct 27, 2023 11:11:33 #
JimG1
Loc: Waxahachie, TX
LOL wait till the new prices, from the cost of ending the UAW strike, hit. Then a few of us will be priced out of new cars.
Oct 27, 2023 11:45:18 #
Oct 27, 2023 13:38:28 #
The result of the strike will likely add $3K in costs to new vehicles. Not all that, though, will go directly to the sticker. There are other avenues to recover those costs. Hourly workers can lose their jobs through automation, out-sourcing, etc.
The total contract cost is just one bag of money, total cost spread over the life of the document. Ford, like the others, has been calculating these added costs and their solutions since before the strike.
I worked for Ford in finance for most of my career, and we didn't spend a dime before we knew where that dime would end up or from where it would come.
Shawn Fain has shown a lot of bluster, and just made plain misstatements during this conflict.
The total contract cost is just one bag of money, total cost spread over the life of the document. Ford, like the others, has been calculating these added costs and their solutions since before the strike.
I worked for Ford in finance for most of my career, and we didn't spend a dime before we knew where that dime would end up or from where it would come.
Shawn Fain has shown a lot of bluster, and just made plain misstatements during this conflict.
Oct 27, 2023 15:41:03 #
clint f.
Loc: Priest Lake Idaho, Spokane Wa
Isn’t the strike based on the fact that they will likely loose their jobs as we are forced to step over the precipice to electric cars?
Oct 27, 2023 16:18:07 #
clint f. wrote:
Isn’t the strike based on the fact that they will likely loose their jobs as we are forced to step over the precipice to electric cars?
But Ford lost money on their electric cars.
Oct 27, 2023 17:14:12 #
The latest version is the car manufacturers are cutting back on electric vehicles - we’ll see what happens…
Oct 27, 2023 19:49:08 #
clint f. wrote:
Isn’t the strike based on the fact that they will likely loose their jobs as we are forced to step over the precipice to electric cars?
The EV technology does take less direct labor, though material costs are much higher, and the UAW is taking that into consideration in their bargaining. They're also attempting to ensure that UAW employees build the batteries for EV's but with joint ventures, it's not possible to force the business partner into a labor contract.
EV's are clearly not ready for prime time, and won't be in the near future. Ford, who's building a battery plant in Central Kentucky has just announced they're putting a hold on the new plant, which is a joint venture with a Korean company.
Oct 27, 2023 21:27:06 #
Fear not, the "Government" will reinstitute "Cash for Clunkers" where folks can get taxpayer assistance to trade in their current automobiles for a new model. Never forget the old "Too Big to Fail" and the government bailout of the automobile industry...for political contributions paid back to the politicians.
Oct 27, 2023 21:51:58 #
jerryc41 wrote:
I remember the good old days when dealers gave you... (show quote)
I went to a local Chevy dealer a few weeks ago thinking I might trade my Silverado in on a new one. A sales rep started in with his usual sales speel. Seems I timed it just right with huge sales going on all week. When I mentioned that I wanted to know the trade-in amount they would give me for my truck the rep said it would depend on the sticker price of whatever new truck I was interested in. I asked why that mattered. We just want to make sure you get the most bang for your buck he says. Wrong answer!
Oct 28, 2023 08:18:57 #
I saw a great ad from a local Ford dealer. “$2500 price drop”; he dropped the $5000 dealer markup over MSRP down to $2500 over. What a bargain.😊
Oct 28, 2023 08:39:48 #
pendennis wrote:
The result of the strike will likely add $3K in co... (show quote)
People blame everything on workers, those on the lowest rung of the ladder. It's those who run the company that make the decisions and set the prices.
General Motors CEO Mary Barra, meanwhile, is the highest-paid of the three CEOs, making about $29 million a year.
Oct 28, 2023 09:42:37 #
Regarding EVs, there are all these wonderful wonderful battery breakthroughs just around the corner! Charging time cut in half! Range doubled! Non lithium solid state batteries! As Peter DeLorenzo would say "a big bowl of we'll see." So far they're all vaporware.
Oct 28, 2023 10:22:27 #
FredCM wrote:
Regarding EVs, there are all these wonderful wonderful battery breakthroughs just around the corner! Charging time cut in half! Range doubled! Non lithium solid state batteries! As Peter DeLorenzo would say "a big bowl of we'll see." So far they're all vaporware.
Everything nice is "just around the corner."
Oct 28, 2023 10:29:14 #
jerryc41 wrote:
I remember the good old days when dealers gave you... (show quote)
I almost fell over when this lady told me her new Denali cost her over $100,000. I'm sticking with my 1998 1 ton Dodge 12 valve Cummins.
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