[quasi]

Originally Posted by Eff-1

It's always going to be make/model dependent. Domestic cars have never had a very high demand in this market and dealers have a hard time moving stock. Except perhaps for pickup trucks.

Toyota/Hyundai/Tesla on the other hand, it's near impossible.

Anyways, here's a CBC article on this subject. This economist who studies the car industry basically said:

According to Young, the average price of a Canadian passenger vehicle is just over $45,000 right now. That figure is up by 30 per cent since 2019, "but it would be misleading to suggest that all car prices skyrocketed in the pandemic," she said in an interview.

"A big part it was auto makers dedicating their limited supply of components into their most profitable vehicles."

"Energy and material prices are flat now but way up since 2019," she said. "Friendshoring and rejigging supply chains cost them. If you look at [all these factors] you see the legitimacy of why a car should cost more now."

"I understand that prices go up and I understand that COVID affected things," she said. "I believe some of it but I think the dealerships are driving up rates and enjoying it because they can charge whatever they want — they say this is how much it is, and you say 'yes please' and wonder if you're going to get kicked again."

My issue isn't so much with prices going up over the last few years, it's what I'm assuming is the lack of supply that is driving some vehicles way past MSRP. I think you nailed it a bit, it's certain manufacturers that are having worse stock issues than others and they are charging huge for those vehicles.

If I can buy a car at MSRP plus taxes and dealer fees I'm fine with that. I just really expected with interest rates at what they are at it would put downward pressure on the above scenario happening but I haven't really seen it with some manufacturers. I guess it's just a simple supply/demand issue so the real question is will the supply ever catch up to the demand again or will they prevent that from happening regardless of ability to make that happen.

I seen a 3 year old car today with 20K on it where if available new for the same model with the same options the MSRP on the new one is 15% less than what they are asking for the 3 year old used one. That's the shit I'm referring to.