Yeah Right!

[Funguy]

So I'm driving to Denver and I stop in a large Ford dealership to use the restroom. Well I really like the Fusion Hybrid so I check it out on my way out. Cute little sticker on the window of this $30,000 car says (about) $7,000 "market adjustment". Total was $39K and change

There isn't a snowball chance that I would pay that premium and I will remember if and when the day comes that I am ready to buy a Ford that I sure as heck am not going to buy it there. I hate sales tricks and that is tricks on steroids.

 

[Derrel H Green]

$7K Over . .



You should have asked to speak to the General Manager and politely asked the *&b
what he was smoking? $7K over MSRP for a FORD? I don't think so.

Nothing turns me off faster than a 'Market Adjustment' sticker on any new vehicle.
I simply turn around and head back to my car and leave quickly.

Our local VW dealer is asking $1K over for TDI sedans, and $2K over for TDI
Sportwagens, and cannot seem to keep the TDI Sportwagens in stock.
Yet just 40 miles drive over the hill is Capo VW, and they
do not and never have asked anything over MSRP.

It never ceases to amaze me how people can be such idiots, and not shop around.

 

[FowVay]

If you want to see something insane go to cars dot com and do a search for used 2009 Jetta TDI's. There are several dealerships listing their products for $30,000. This is for their USED models.

Holy smokes.. how do they sleep at night?

It is because of shenanigans like this that I don't feel any sorrow for dealerships that are failing or that were closed during the bailout. They are simply reaping what they've sown.

 

[thebigarniedog]

If you want to see something insane go to cars dot com and do a search for used 2009 Jetta TDI's. There are several dealerships listing their products for $30,000. This is for their USED models.

Holy smokes.. how do they sleep at night?

It is because of shenanigans like this that I don't feel any sorrow for dealerships that are failing or that were closed during the bailout. They are simply reaping what they've sown.

Show them the metal shavings in the fuel filter and explain to them that the soon to come "market adjustment" on all CR engines is minus seven grand from invoice .


As to the Ford idiot ..... ask him to pose for a picture in front of that "market adjustment" price sticker. Tell him you need to send it into Failblog.org. If Ford had any brains, they would yank that guy/gal's dealership status immediately as should any manufacturer that has a dealership screw their customers like that ---- but that is just my opinion

 

[DoctorDawg]

Paying "market price" for lobster: yes.
Paying "market price" for a car: ***?

 

[Funguy]

GREAT comments above! I don't think they will pull the dealership though. It is HUGE and on TV all the time.

Dr. Dawg I don't pay market price for lobster either, I go to the local asian market and get it a lot cheaper. I probably still pay more than N.C. prices though. Not too many lobster pots in the water here in Colorado.

 

[thebigarniedog]

Paying "market price" for lobster: yes.
Paying "market price" for a car: ***?

I don't do lobster and I don't do stupid either --- I leave that to the pros .

 

[Powder Hound]

You guys need a terminology adjustment. What you pay is the market price, by definition. Whatever that price happens to be.

What you seem to dislike is a large difference between the asking price and the MSRP. You need to study what the 'S' stands for in that acronym, and think about why it is that word and its relationship to anti-trust legislation.

A manufacturer has at best limited ability to tell its dealers what they can charge. If a dealer wants to sell at over MSRP, and the public will put up with that price, due to inability of the manufacturer to provide sufficient product at the MSRP, then asking and market prices will go up.

Pure and simple. Or did you do the real stupid by flunking Econ 101?

 

[thebigarniedog]

You guys need a terminology adjustment. What you pay is the market price, by definition. Whatever that price happens to be.

What you seem to dislike is a large difference between the asking price and the MSRP. You need to study what the 'S' stands for in that acronym, and think about why it is that word and its relationship to anti-trust legislation.

A manufacturer has at best limited ability to tell its dealers what they can charge. If a dealer wants to sell at over MSRP, and the public will put up with that price, due to inability of the manufacturer to provide sufficient product at the MSRP, then asking and market prices will go up.

Pure and simple. Or did you do the real stupid by flunking Econ 101?

You can offer to sell it for whatever you want ...... there is nothing that saids I am required to buy it. That is also part of Econ 101. I don't recall them talking about consumers being stupid though in that class ???? If you think it is good advertising to turn people off of your product by sticking it too them that is fine ---- for Toyota anyway (btw, that is called a free market). Check out the cost of losing a branded customer sometime and do your own math.

 

[Diesel_Mikey]

You can offer to sell it for whatever you want ...... there is nothing that saids I am required to buy it. That is also part of Econ 101. I don't recall them talking about consumers being stupid though in that class ???? If you think it is good advertising to turn people off of your product by sticking it too them that is fine ---- for Toyota anyway (btw, that is called a free market). Check out the cost of losing a branded customer sometime and do your own math.

If consumers weren't stupid, Ford would have been out of business a long time ago .

 

[Funguy]

It is readily apparent that the dealership can charge whatever they want despite the mSrp since that is what started this post in the first place. That certainly doesn't mean that I have to buy one or that I will forgive this kind of price gouging. You're overstating the obvious. If they have 'em on the lot there is no reason to gouge like this. Lousy business practices. I will agree that there are plenty of suckers around who'll buy.... How'd you do in English 101 by the way?

 

[MrMopar]

You guys need a terminology adjustment. What you pay is the market price, by definition. Whatever that price happens to be.

What you seem to dislike is a large difference between the asking price and the MSRP. You need to study what the 'S' stands for in that acronym, and think about why it is that word and its relationship to anti-trust legislation.

A manufacturer has at best limited ability to tell its dealers what they can charge. If a dealer wants to sell at over MSRP, and the public will put up with that price, due to inability of the manufacturer to provide sufficient product at the MSRP, then asking and market prices will go up.

Pure and simple. Or did you do the real stupid by flunking Econ 101?

DING! WINNAR!

Dealer puts MSRP + $7,000. If some other chump puts that money down to drive that ride off the sales floor, that's market price - even if you personally won't pay that much.

 

[Funguy]

Nope. Market price is the average price NOT the abomination that this dealer is trying to get. Perhaps $39K will turn out to be the market price but I doubt it.

 

[lkchris]

Don't get fooled by the "added profit" concept being called "market adjustment" or whatever.

It just is what it is and you pay it or you don't.

Nothing immoral and NOT shenanigans either.

Lots of emotion in car purchasing and more and more these days making a political statement.

I've seen a $10K "adjustment" when the V10 M5 was new, and if you're old enough you'll remember you simply couldn't buy a new 240Z without dealer-added mag wheels. I once paid $600 for a base model VHS tape player, too. Do you own an iPhone?

This is one of those threads where the answer is "if you stop banging your head against the wall, your head will stop hurting."

 

[Derrel H Green]

Speaking of . .

I've seen a $10K "adjustment" when the V10 M5 was new, and if you're old enough you'll remember you simply couldn't buy a new 240Z without dealer-added mag wheels. I once paid $600 for a base model VHS tape player, too. Do you own an iPhone?

Speaking of which, have you checked what those M5 V10 POS are selling for now?

My son-in-law is a Morgan Stanley broker and not a car person at all.
Out of the blue the other evening he commented that one of his friends had remarked
about how low the prices were on M5s and how much depreciation there was in them.

I searched on AutoTrader. There are more than 500 available used.
How many were sold new? I did not know they were that popular at one time.
Oh well. Certainly not my 'cup of tea' for sure.
I don't want to wind up ten cylinders to 5K to get some kind of torque.

I much rather have a late 320D.

And to think at one time people actually paid over MSRP for 'em.

 

[lkchris]

Cars that are essentially "toys" depreciate the fastest for sure.

 

[Derrel H Green]

You're Right . .



Never thought about it in that manner. I believe you are correct.

 

[BioPassat]

What?!?! Not always...

Cars that are essentially "toys" depreciate the fastest for sure.

I consider a Ford GT a "Toy", but those are worth more now than they were brand new?

Give me an example of a car that isn't a "Toy"? Maybe a Ford GT isn't a "Toy"?

 

[TornadoRed]

Cars that are essentially "toys" depreciate the fastest for sure.

With some cars, newness has a lot to do with desirability -- if you are going to spend $50k to $100k or more for a car, you do not want one that someone else has already owned.

It is not unusual to find high-end cars which have depreciated more than $1 for every mile on the odometer.