By dennismary.slave@gmail.com 
With low supply and high demand, many new car buyers are spending hundreds or thousands above sticker price for a vehicle. Manufacturers are also upset with price gouging, offering warnings to dealers. NBC’s Kerry Sanders reports for TODAY.
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#UsedCars #BuyingCars #Cars
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Blame your state legislatures! Most states passed laws requiring car sales via dealership. They created the middleman. Vote to end it. They’ve gotten rich long enough.
Prices are so high because all of the dealers sold off their used cars to smaller dealerships for pennys on the dollar at the beginning of the pandemic since nobody was driving, now the smaller shops have all the cars and all the leverage and name their own price.
It’s the high demand driving up the prices. Unfortunately high interest rates and a recession will have to correct the imbalance and drive prices down. People will put off purchases and dealers will have no choice but to sell below sticker like in years past. High consumer demand is the primary driving force in this and the dealers see the opportunity and are taking advantage of it to increase their profit per a unit vs on volume
My local Mazda dealer wants $7000 (seven thousand dollars) OVER MSRP for the least expensive CX-30 that has an MSRP of just under $23,000. FOK MAZDA…
even chinese cars are become very expensive.. nonsense.. im so sad.
So they increase the price of cars while Biden tryna get everyone to convert to tesla
Cool, can’t make progress in america as a young individual anymore.
Yeah thanks for clearing that up.🤔
They are car sales people, what you expect?
Anyone who doesn't like this can thank a Liberal.
Manufacturers can put the invoice price on the car then customers have a better starting point. Make it illegal to modify or remove invoice price
I went to a car lot today and they wanted 6,000 for a 2004 Kia Optima with 66k miles on it thats crazy just because it has low miles its still a old POS Kia i walked away without the Kia
Their is NO car shortage. Drive past any car dealership. The lots are filled to the max. Don't buy any cars right now. Let the market collapse on them.
It should be illegal to do what dealerships do
Those trucks in Dallas are near 60k. While In Montana or Wyoming it can be near 40k. Do your Homework. And don’t support car buying states that don’t have great consumer car buying laws
Manufacturer can't tell Dealers what to sell. Dealers always set actual prices… even on the manufacture website it says so. Dealers can't tell manufacturers how much they should buy the manufactures car for, so manufactures have no right to tell dealers how to sell. It's basics economics right now unfortunately
Attorney general probably a Democrat. Will do nothing.
More reasons why we hate people engaged in car sales. Totally justified.
What you need to know is the state is not trying to stop the price gauging because the states desperately need the taxes collected. Everyone in the red since Covid. If you let the realtor screw up everyone by pushing speculative real estate pricing, affecting rental pricing hikes, don't you think these same idiots will not get the other idiots the used car sales men jack up their used car prices… ???? Get real people.
I looked at Honda, Ford, Subaru, and Chevy. All too expensive. After consideration, I got real horsepower in from buying a Dutch Warmblood. Best purchase ever
I bought a brand new Lexus IS500 for MSRP in January and just sold my 2010 Prius for $500 more than what I paid in 2018 after putting 35000 miles on it. I am very satisfied.
Ordering a car at msrp means the dealer gave you an offer (BAIT). By signing the Order Form, you agreed to that price only. Basic business law class tells me:
Offer + Acceptance = Contract
Then adding $ unilaterally to some future random unknown number (SWITCH).
Check with your lawyer but a contract does not need to be 10 pages it can be verbal. Someone on another video wrote he won a case just based on text messages.
The 1 page vehicle Order Form is like a Purchase Order businesses use to buy everything from office supplies to fleet vehicles. The vendor has to honor the PO price to its business customer.
IMO just like a PO, the dealer has to honor the price on your Order Form and can't decide to add a random amount later, whether it be $20, $2,000 or $12,000.
What I need to know is that it's better to keep the car I have than buy a new one
The cheapest car in CA after 2025 will be $80.000 don't even think that is crazy.
Take the bus