You are only browsing one thread in the discussion! All comments are available on the post page.

Return

luckyhunter ,

and used care prices are spiking again because of it. I personally bought a car for 12,000 about 7 years ago, put 80k on it in that time. I just transferred ownership of it to my business and it valued out at $10,000 now, 6 months ago it was $6,000.

Metanoia ,

Manufacturers don’t make used cars.

Nemo ,

She means, people are expecting this strike to impact the availability of new cars, which is making used ones more valuable.

WindyRebel ,

Ding ding ding.

Dealerships make money on used cars and parts/repairs. New cars are usually a loss for them

Mdotaut801 ,

No. The dealerships get kickbacks from the manufacturers and banks on new vehicles. They aren’t a loss lmao. They make money multiple ways selling a brand new vehicle.

WindyRebel ,

They get kick backs, but they don’t sell that high over MSRP and many people are much more savvy about cost of new/features thanks to Edmunds, Cars dot com, KBB, and dealer incentives to move inventory.

If a dealership is making money on new, you’re not doing your work with car shopping. Most don’t make money from new.

I mean, unless you know something I don’t? My brother in law was in sales for Chevy for a few years so that’s where I get my info from.

daq ,

There’s ~3% built into msrp for the dealer. Then there are kick backs from banks they are pushing you to finance through. Then there are extras that are basically 100% profit. Then there are dealer installed options. How much can they possibly be expected to make for providing parking space? Dealers are absolutely fucking useless outside of test drives. Every cent over msrp is basically theft.

Who takes a used car to dealer for service? Are you saying they make more money on used cars because they can price gouge more effectively?

Metanoia ,

There’s no way any effect move through the market this quickly.

Nemo ,

What do you mean “this quickly”? The strike has been coming for a long time.

Metanoia ,

People don’t buy cars based on a strike that hasn’t happened yet.

luckyhunter ,

someone made them. and if new ones aren’t rolling off the line people will buy used ones.

sigmaklimgrindset ,
@sigmaklimgrindset@sopuli.xyz avatar

Used car prices have been overinflated since Covid started. This isn’t anything new

luckyhunter ,

They have, but they dipped pretty significantly last winter. Now it’s almost back up to the covid peak.

sadreality ,

speculators...

unless these strikes keep up for real, i doubt there will be enough impact to raise used car prices for real. i am sure koreans japs and germans will step right in. also, many of american cars are made in mexico lol

Mdotaut801 ,

A lot of bmws are made in South Carolina.

Ensign_Crab ,

People who support strikebreaking are pretending to care. That’s new.

XbSuper ,

Jesus the downvotes.

Why does lemmy hate discussion? It’s worse than fucking reddit. Smdh.

luckyhunter ,

because pointing out the real world consequences to actions that people like is a no-no. right, wrong, or indifferent, the economy reacts to news.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • random
  • [email protected]
  • All magazines
    •