Why I decided on 2022 GMC Sierra 1500 instead of 2022 F150
Senior Member
Joined: Sep 2022
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You forgot to post this!
Ford’s chief executive, Jim Farley, warned dealers that they could be pushed to the rear of the line for delivery of new models if they persist in playing fast and loose with the MSRP.
Ford’s chief executive, Jim Farley, warned dealers that they could be pushed to the rear of the line for delivery of new models if they persist in playing fast and loose with the MSRP.
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Joined: Aug 2018
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Here is the whole post again since we are on a new page, keep it easy to read:
"Automakers don’t set prices for their cars. Instead, they offer a “manufacturer’s suggested retail price,” or MSRP.While that’s understood in the industry to reflect the fair value of a new car or truck, dealers are free to ignore the MSRP if they so choose, setting prices at higher levels."
Like I said ^
Yes, there is also this:
"Ford’s chief executive, Jim Farley, warned dealers that they could be pushed to the rear of the line for delivery of new models if they persist in playing fast and loose with the MSRP."
That's still the market economy being a market economy, it is also a private business making a PR statement about a possible future business decision because it thinks that decision (or least a public perception of that possible decision) is in their own best long term interest. Whether or not anything even happens, time will tell.
To get some more numbers:
"Edmunds.com, the car-information site, estimates that 82% of new-vehicle purchases in January were at prices topping the MSRP. "
Combined with
"Ford estimates that about 10% of the company’s nearly 3,000 dealers are charging above the sticker price — a practice that grew more widespread during the pandemic.
GM, meanwhile, told its dealers that it will clamp down on “a small minority of bad actors” hitting"
Ford and GM are far better than the other manufacturers. Something like 10% vs 80%...Ford is doing very well as is eh?
Clearly the CEO of Ford is threatening to push these dealers to the back of the line if they charge over MSRP. Believe what you want. I truly don't care. I know what I heard the guy say. As I said, every dealer has a way to circumvent any rules any manufacturer has. That doesn't mean that any of the manufacturers are happy about it. I personally think the manufacturers are mostly powerless with this. Ultimately, it will only stop when consumers refuse to pay the grossly inflated prices, and I believe that will be happening sooners, rather than later. The used auto market is down significantly, and companies like Carmax and Caravana aren't doing so well financially right now. I suspect a major shift is very much on the horizon, and it's overdue.
Ford, GM tell their dealers to stop ripping off car buyers — or else | KTLA
Ford, GM tell their dealers to stop ripping off car buyers — or else | KTLA
"Automakers don’t set prices for their cars. Instead, they offer a “manufacturer’s suggested retail price,” or MSRP.While that’s understood in the industry to reflect the fair value of a new car or truck, dealers are free to ignore the MSRP if they so choose, setting prices at higher levels."
Like I said ^
Yes, there is also this:
"Ford’s chief executive, Jim Farley, warned dealers that they could be pushed to the rear of the line for delivery of new models if they persist in playing fast and loose with the MSRP."
That's still the market economy being a market economy, it is also a private business making a PR statement about a possible future business decision because it thinks that decision (or least a public perception of that possible decision) is in their own best long term interest. Whether or not anything even happens, time will tell.
To get some more numbers:
"Edmunds.com, the car-information site, estimates that 82% of new-vehicle purchases in January were at prices topping the MSRP. "
Combined with
"Ford estimates that about 10% of the company’s nearly 3,000 dealers are charging above the sticker price — a practice that grew more widespread during the pandemic.
GM, meanwhile, told its dealers that it will clamp down on “a small minority of bad actors” hitting"
Ford and GM are far better than the other manufacturers. Something like 10% vs 80%...Ford is doing very well as is eh?
Senior Member
Joined: Jan 2022
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And yes, that is how Supply and Demand works.
When demand goes down, prices go down.
Senior Member
Joined: Aug 2017
Posts: 364
Likes: 149
From: Oklahoma City
That is the best looking GMC they ever sold.. My old 18.. On the Highway 23.. in town with stoplights maybe 15. That is why you buy the F150.. it is way better in town.. I paid $41k for that SLT.. and that is why you buy a GM in that you can get a deal on them... not bad trucks.. if they are good deals. I like the 5.3 if gas is cheap.. otherwise.. not. every man has to call it the way he sees it I guess
Keyser Soze
Joined: Dec 2021
Posts: 1,421
Likes: 968
From: OklaHOEma
That is the best looking GMC they ever sold.. My old 18.. On the Highway 23.. in town with stoplights maybe 15. That is why you buy the F150.. it is way better in town.. I paid $41k for that SLT.. and that is why you buy a GM in that you can get a deal on them... not bad trucks.. if they are good deals. I like the 5.3 if gas is cheap.. otherwise.. not. every man has to call it the way he sees it I guess
Junior Member
Joined: Mar 2022
Posts: 27
Likes: 16
From: Greater Milwaukee, WI
Silliness
With new shortages on safety features such as heated mirrors on MY23... come on man. Even Corn Pop can see what is going on.
The "Great Reset" is here. You will own nothing and you will be happy.
For what it's worth
Just
Being observant with my experience
Senior Member
Joined: Aug 2017
Posts: 364
Likes: 149
From: Oklahoma City
I got my 502A this March... that same truck is $6k higher today from my order. I have kept trucks 5 years typically.. so in five I will be looking at a $90k truck and $5k of taxes... I don't think that this is the great reset. I think it is the demise of the middle class.. imo.
Senior Member
Joined: Apr 2015
Posts: 1,223
Likes: 386
Funny coming from a guy who makes you sign a contract that you won’t sell a ford GT for 2 years or they’ll take you to court. I do somewhat agree with blksprt if people are willing to pay it then why not. But they shouldn’t get out of control with the pricing.
Senior Member
Joined: Sep 2022
Posts: 108
Likes: 26