Car buying is never going back to normal
 

The wait is 4 to 5 months to order a 2023 Chevrolet Silverado Pickup. they said they would appraise my trade when i ordered the truck and adjust the appraisal when the new truck arrives sounds like a problem to me.

That mindset is not just for buying new cars, its becoming the norm for many if the products we buy today. Impulse buying makes up for a lot of sales including new cars and I think this will hurt the economy dramatically.

There is definitely going to be a turning point. Whether that means a new selling structure and shutting down some more dealerships because they cannot survive their own overhead costs.

Buyers have to be smart about this and wait it out. I've always paid below MSRP when buying new. With the price of new cars going up and quality of materials getting worse along with smaller displacement engines being used I am sure manufacturers are still making their margins.

Ordered a 23 Ford F-250 Nov 1st. They told me 9 months. The price was ridiculous and I’m debating at this point to get it. Crazy times and I agree waiting may be the answer.

Finally, I think dealerships are doing OK as they’re making a ton of margins on what they do sell and in service which is ridiculously priced

And, they have really hiked prices on parts.

My daughter broke the rear spoiler off her CR-V. I needed 5 little plastic clips from the Honda dealer. $245!!!!!!!!!

I agree Lynn. Thats beyond outragious

This may be a norm these days but in my area if you pay cash for a vehicle the cost is $ 1,000.00 more than the agreed price. Seems as if you don’t finance they don’t want your business!

That is why I ALWAYS negotiate the contract price before I disclose payment.

Plenty of people are making $1000 plus a month car payments and financing
company’s are going 8 and as long as 10 years to finance a vehicle.

The accountant in me says that isn’t something that can continue long term, especially when they can’t build a vehicle that doesn’t turns to rust before 5-7 years.