I think there is some 'backing off' going on right now. My dealer told me a month ago my best bet would likely be a 2003 in six months, then he calls me yesterday and told me I was only one away from getting a GG Base +Navi in May, but the one ahead of me decided to take it.
He said but I should be in touch with you very soon, it should not be long at all now.
I am not sure what all that means, either more cancellations or more production.
I think as we creep ahead, more people are also considering a 2003 X and at least want to see what will be different.
Also, Nissan, Toyota, even Chrysler, are coming out with new or revised SUVs in the same price range. Check out Autoweek.com. MDX had an incredible 2 years, but the competition is not going to sit back and just watch as 2003 comes and goes.
Competition may finally start driving discounts. If the economy keeps it's slow climb back up probably those discounts will be offset some by higher interest rates which wont bother those of you able to throw down the cash.
I think demand is still pretty strong in the northern states. I waited 4 months for mine in summer of 01. A friend just ordered and was told 3 months. Wait times may be shortening somewhat but demand seems to still be pretty strong.
Sounds like supply, demand, and market forces are starting to catch up. Here in Southern California, appears that the best deal is still MSRP [no options included] and no forced options. Several [many?] dealers are still gouging [lots of forced options and/or MSRP + dealer markup].
I hope that the market forces take over here as well. While this won't help us [bought ours late Dec 01], it should help others. IMHO, this should help the MDX community. Others have driven our MDX and really liked it, but have opted for other vehicles [mostly RX300] because of the dealer attitudes out here. I believe that the "dealer attitude problem" has gone a long way to adversely affect the public view of the MDX.