[hondo]

Original thread here

 

[PNWGarageDad]

Honda civic from 28k to 9k 😳

 

[Steve-O]

This is very interesting, but I also believe is only a start for things to come here in the US.

Hoping that I am wrong.

 

[Tadakatsu]

Honda civic from 28k to 9k 😳

It's not because demand has dropped off but rather product availability. I can assure everyone that Honda sells every new Civic they make in short order and it goes for every other vehicle they make, perhaps to a lesser extent, as well.

 

[LARS33]

Absolutely the only reason is lack of supply, my buddy runs a dealership here in Michigan and almost every car that arrives is already spoken for.

 

[PNWGarageDad]

This is very interesting, but I also believe is only a start for things to come here in the US.

Hoping that I am wrong.

Oh, it's coming! Got to love how they are now changing the definition of recession.

 

[stevenD]

Maybe Honda can bring this up with their blood-sucking opportunistic dealers ADDING $7000 on top of MSRP...!

 

[Steveg203]

We are looking to replace our third car with a Civic touring with a manual transmission. I called my dealer and there not marking up the price, but he can’t get the car. I was told Honda isn’t making any manuals at the moment.

 

[fx_chip]

Oh, it's coming! Got to love how they are now changing the definition of recession.

After the midterms the media will start saying it as it is.

 

[home4sale2]

Original thread here

View attachment 15546

This is unbelievable. Btw, Hondo, are you the guy from the Nighthawk group? I recall this handle from someone in Norway.

 

[adventure22]

By the time supply goes back up the economy will be too broken for people to afford new cars.

 

[ViperJon]

Availability and price gouging by pig dealers. I would never buy a new car now. No way on earth I'm paying MSRP or MORE when a year and a half ago people (like me) got 10% OFF MSRP. I would wait it out.

 

[WayneJay]

In this day and age of dealers charging sticker price and more.... I'd hold out too. Thankfully I bought my PPE in Sept '20 just before supplies really fell off. My dealer recently offered me 39k for my (their words) "low mileage Honda Passport". It was a bit tempting as if I had taken that offer.... I would've driven my Passport for free during the past 2 years.

 

[kgilbertsen_1]

I just traded my 9 year old Tacoma with 152k+ miles for $17k and paid sticker for a new Passport. That's the only time I can see paying sticker works to your advantage. And I don't think we'll be done with these shortages and soaring inflation any time soon.

 

[Webini]

This is very interesting, but I also believe is only a start for things to come here in the US.

Hoping that I am wrong.

It’s a supply problem. Not a demand problem.

 

[stevenD]

It’s a supply problem. Not a demand problem.

You may be right, but I'm thinking Supply & Demand are always related..

People are keeping their vehicles longer, (reducing Demand) due to dealers overcharging for what they have in stock (Supply)...

 

[Webini]

You may be right, but I'm thinking Supply & Demand are always related..

People are keeping their vehicles longer, (reducing Demand) due to dealers overcharging for what they have in stock (Supply)...

I agree with you partially. Dealers are definitely overcharging but that is due to high demand vs low supply. If demand was low prices would drop.

Its the lack of chips - period. We bought our 21 EX-L AWD last September when supply was better for MSRP less $2,250 in Honda incentives. And the dealer traded for it to get the color we wanted.