I’ve been eyeing an Ioniq 5 for about 18 months now and just checked local pricing again and they haven’t budged an inch on pricing (even now with 2024 models being sold with 2023 models left on the lot) nor are they even carrying inventory outside of the most expensive trim packages of Limited AWD. I’m interested in range, so I’m wanting a Limited RWD but they aren’t being stocked.
This article screams “I’m not doing my job and it’s all your fault!”
There’s a 2008 style crash coming in the credit market for cars. There’s a lot of subprime loans and a lot of car companies that got into financing that shouldn’t have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.
Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.
No resolution was offered. even Dodd-Frank was reversed by Trump.
So you can expect a lot of civil unrest. It’s been due since the great depression, about a century ago.
Wrong! They will let it crash a bit and everyone will panic and see that shit is about to get real. The government will offer to defer the pain by bailing out the very rich and get things moving again, it’s the only way the government at the time will be able to hold onto power. People are fucking idiots so they’ll do nothing because they don’t like being uncomfortable for a short time even if it means they are getting slowly buttraped over the medium to long term
Meanwhile, up here in Canada I put a down payment on an IONIQ 5 Ultimate Edition (Canadian equivalent of the US ‘Limited’ model) back in early April 2022, and it still hasn’t been ordered, because Hyundai decided to flood the US market while stiffing the Canadian market.
Hyundai (and other EV makers) are fucking around, and then blaming the market.
Issue is the dealership deals made with the auto manufacturers. Inventory on hand is often times (not including some of that bs that had dealerships marking stuff way over msrp) only set up to make the dealership a few thousand in profits.
For any major price reductions that are really needed, the auto manufacturers would have to be giving the vehicles to the dealerships for less money.
In other words, ford will have to drop prices for dealerships to drop prices.
They’ll also fail to mention that it’s the fastest growing new car segment. They may not me moving as many as they want, but they’re definitely moving.
I don’t know how it is in the us but here in Germany many (single-brand-)dealers are also licensed mechanics (for that brand) - and since EVs are taking much less repairing than traditional cars they are basically shooting themselves in the foot by selling them
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I’ve been eyeing an Ioniq 5 for about 18 months now and just checked local pricing again and they haven’t budged an inch on pricing (even now with 2024 models being sold with 2023 models left on the lot) nor are they even carrying inventory outside of the most expensive trim packages of Limited AWD. I’m interested in range, so I’m wanting a Limited RWD but they aren’t being stocked.
This article screams “I’m not doing my job and it’s all your fault!”
There’s a 2008 style crash coming in the credit market for cars. There’s a lot of subprime loans and a lot of car companies that got into financing that shouldn’t have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.
Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.
No resolution was offered. even Dodd-Frank was reversed by Trump.
So you can expect a lot of civil unrest. It’s been due since the great depression, about a century ago.
Wrong! They will let it crash a bit and everyone will panic and see that shit is about to get real. The government will offer to defer the pain by bailing out the very rich and get things moving again, it’s the only way the government at the time will be able to hold onto power. People are fucking idiots so they’ll do nothing because they don’t like being uncomfortable for a short time even if it means they are getting slowly buttraped over the medium to long term
And the best part is you who foresaw it and tried to warn everyone, will have to pay personally towards the bailout
The dealer near me has added an extra 5 grand for market adjustment too.
Yeah, dealers around here have a huge markup over MSRP, “because there’s so much demand.”
Okay, I can wait.
This is bananas to me. The new model is out but last year’s model isn’t discounted? No wonder nobody likes dar dealers.
Meanwhile, up here in Canada I put a down payment on an IONIQ 5 Ultimate Edition (Canadian equivalent of the US ‘Limited’ model) back in early April 2022, and it still hasn’t been ordered, because Hyundai decided to flood the US market while stiffing the Canadian market.
Hyundai (and other EV makers) are fucking around, and then blaming the market.
Issue is the dealership deals made with the auto manufacturers. Inventory on hand is often times (not including some of that bs that had dealerships marking stuff way over msrp) only set up to make the dealership a few thousand in profits.
For any major price reductions that are really needed, the auto manufacturers would have to be giving the vehicles to the dealerships for less money.
In other words, ford will have to drop prices for dealerships to drop prices.
They’ll also fail to mention that it’s the fastest growing new car segment. They may not me moving as many as they want, but they’re definitely moving.
I don’t know how it is in the us but here in Germany many (single-brand-)dealers are also licensed mechanics (for that brand) - and since EVs are taking much less repairing than traditional cars they are basically shooting themselves in the foot by selling them
Yeah, smthg smthg capitalism, smthg smthg free market, amirite?
Don’t forget “too big to fail.”