[Almatti]

Given the market conditions in the months since I plunked down $62K for my MDX, I figure I have saved approximately 8% which is the amount of drop in the DOW/S&P/NASDAQ during that same time!!!

Maik, I hear Ya... But, that would be measured against the fact that You are figuring on selling the stocks at a loss from their Highs to raise the $62,000 and not calculating the loss of the dividends of the stocks or Mutual Funds or Bonds. I did not elect to sell them, kept the stocks, hence not realizing the loss of capital value, but still getting the dividend yields of appx 3-4 % for those stocks: Exxon Mobil, Dupont , Bank stocks, etc. Exxon Mobil Pumped their dividend up 22% this year. Whether you take the $$$$ out of the bank or sell divident paying stocks, there is a opportunity cost / return loss. Bottom line, getting a new car is never a great "Investment" it's just a Pleasure Toy which of course, has that peronal intrinsic Value that should put a smile on your face.
Inflation is a ***** and paying $5 a gallon for gas has SHOCK Value and will pump the EVs to higher values (after all That's what the potus and his gang want!!) and drive gas powered vehicles to new lows. So, when my lese is up in 8/25, God Willing, I ether can buy it at $34,000 or get into the New Wave of EVs.... I still like and would prefer a quality Hybrid. As an aside, I test drove a Honda CRV 2021 Hybrid a few months ago. We were toying with possibly replacing my wife's 2016 CRV Touring with only 39,000 miles. I was Impressed with the major driveability of the CRV, with More HP [ Honda uses the 2.0 Liter 4 cyclinder engine with their Hybrids vs, the 1.5 T ] , More Torque, and a smooth responsive CVT. And for only $1500 more - it ws no Brainer. After further consideration even though I liked the improved interior, better InfoT sys, and more Ponies, we decided to keep her car (which she loves especially as a drive A to B person). I put on new Goodyear Assurance Weather -Ready Tires (I saved over $300 with their Rebates and sales prices) which yield a noticeably smoother ride but a bit less handling ability than the OEM Dunlops.

 

[Almatti]

Someone suggested that I close this thread... So Be it.. It has gone far beyond the original intent !!. How do i do that?

 

[usmarinedelta]

Before you close the thread, just wanted to comment that Lexus is coming out with their RZ suv which is all electric this year. Yes it will be smaller but I assure you quality is no issue. I say this because you mention hybrid/EV. Filling up the tank every week to week and a half at $65ish dollars is getting old. I think Acura is to release one in 2024.

 

[elvisfan]

I thought this was a post on used car prices. I was at the dealer today In Sarasota Florida. They had a CPO 22 tech. $54k list price. It was posted at $60.8. Don’t know the mileage. Confusing, but that may not even be the actual price. Adds Florida dealer fee and CPO fee.

 

[usmarinedelta]

I thought this was a post on used car prices. I was at the dealer today In Sarasota Florida. They had a CPO 22 tech. $54k list price. It was posted at $60.8. Don’t know the mileage. Confusing, but that may not even be the actual price. Adds Florida dealer fee and CPO fee.

That's a crazy "market adjustment". An advnace MSRP is $64k. If you are looking, I would find a dealer even if out of state that is selling at MSRP.

 

[Yorik]

Someone suggested that I close this thread... So Be it.. It has gone far beyond the original intent !!. How do i do that?

Thread starters do not have the ability to close a thread. That is something only the staff can do. If a thread goes off course, participants can help to steer it back or a request can be made to one of the Moderators to take under consideration. Just because a request is made, however, doesn't mean that it will be granted. It depends on how the thread has evolved. I think the thread can be saved, so let's see how it goes from here. If it continues to be a problem, anyone is free to report it to the staff.

 

[thumper]

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[mrgold35]

A dealer in my area just got in a preowned A-spec on the lot with 4K on the odometer. They wanted $6k more than msrp. I thought It was criminal but it sold in under a week

I imagine the same dealership needed to sell 4-5 MDXs to get the same amount of profit before the chip shortage/pandemic.

I don't think the car manufactures and dealerships will lower their prices once the chip shortage is resolved. The bean-counters will realize they can make more money for less effort by restricting supply, decrease competition, and increasing demand to keep prices has high as the market can handle. We see this all the time with the housing market, college education, telecommunications/cell phones, and other goods/services. Gas prices didn't go down to under $2 per gallon until everyone stopped traveling during the pandemic lockdown. Gas never go down at the same rate with increased production.

I think the only way we can get new/used car prices down is giving dealerships the middle finger and holding on to our current vehicles longer.

 

[mdxstang]

I don't think the car manufactures and dealerships will lower their prices once the chip shortage is resolved. The bean-counters will realize they can make more money for less effort by restricting supply, decrease competition, and increasing demand to keep prices has high as the market can handle.

I think prices will correct themselves and lower. It's just a matter of supply and demand and there are lots of auto manufacturers from all around the world competing in the space to sell a car. If one tries to restrict another will fill the gap. The issues that have caused the supply issues will be resolved.

 

[wasjr]

I just posted this info in another thread, but it is appropriate here as well....Yesterday I took my pickup truck to a friend who is going to sell it on consignment at his small used car lot. While there I asked him to check the Manheim auto auction results for 2020 Advance. He checked the Wednesday March 2 results. While there were no Advances on the list, there were two 2020 Techs with 20-25k miles. Both went for $45k+. Understand this is wholesale auction prices, which means the ask for those vehicles by a dealer will likely be near $50k.

As for my truck, a 2000 Chevy Silverado 2500 4x4 Extended Cab Long Bed with 199k miles. About ten years ago I gave $6k for it with 170k miles, and have put probably $4-5k in it for significant repairs (clean system due to bad gas, replace a catalytic converter, replace power door/window motors, etc). Based on comps my friend said to ask $14,900 and expect to get $13,500-$14,500. It is a rare truck due to the 3/4 ton, 4x4, long bed, tow package combination, plus it has the LT package (leather, cruise, power, etc). But as this thread shows, pricing is crazy these days.