If they can't sell it, then they'll lower prices and people will be able to buy them.
I doubt the profits are so hard to come up with considering the wild CEO pay and record profits everyone's bragging about.
Yeah lol... Why curb supply to artificially keep prices high? Sounds like a antitrust issue.
We can keep producing mass amounts of EV’s; we’ll just store them all in caves in middle America.
Just bought an EV from a local dealer. Went in on Saturday because they had a 2 month used listing on their website for about 10k under MSRP. They told me, oh no that sold, but please check out the new cars. I entertained them and told them they'd need to bring down the price 10k to get me to sign because it's simply out of my price range. They also mentioned these things (ioniq 6) are selling extremely quickly and they only have a few on the lot.
They insisted and played games for a week, with offers OVER msrp, so I let them waste their time. They pushed me to come in, so as I was about to sign, I told them, actually, no. I need an offer 10k under MSRP or I'm leaving. At this point that was a 15k cut. They've now wasted a week of negotiation and suddenly found the used one I originally requested, but it was at their off-site lot.
We drove over there, and it was a large 5 story parking deckcompletely filled to the top. They even had cars parked in front of cars. They tried one last game and made me wait for 3 hours to get it out.
All that is to say, let the fuckers bleed. If they can't afford Christmas, maybe they need to learn what the fuck capitalism really means. If they can't afford new years, it's time to make a new resolution and if they can't afford spring break, it's time to find a new job.
Dealers will cry about their inventory while refusing to budge on various “market adjustments”.
Boo hoo. Be competitive and watch the inventory flow.
I've been eyeing an Ioniq 5 for about 18 months now and just checked local pricing again and they haven't budged an inch on pricing (even now with 2024 models being sold with 2023 models left on the lot) nor are they even carrying inventory outside of the most expensive trim packages of Limited AWD. I'm interested in range, so I'm wanting a Limited RWD but they aren't being stocked.
This article screams "I'm not doing my job and it's all your fault!"
There's a 2008 style crash coming in the credit market for cars. There's a lot of subprime loans and a lot of car companies that got into financing that shouldn't have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.
Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.
No resolution was offered. even Dodd-Frank was reversed by Trump.
So you can expect a lot of civil unrest. It's been due since the great depression, about a century ago.
When beater 20 year old trucks can't even be found for <$10k, you know somethings gotta give
The dealer near me has added an extra 5 grand for market adjustment too.
Shit dealers (and especially the sales people) tend to not at all be trained on how to sell these cars, and can be openly hostile towards people interested in them. EVs don't make them as much money on service.
Straight up don’t give a single fuck what car dealers want. If they could all go out of business I’d be a happier person
Hi you pulled your car in, nothing is actually wrong with it but we looked at it from a distance and you need new air filters. That will be $375. I can make you a good price, I got it down to $373 because you’re a good money bag, I mean client.
With 30% markups? No, you cannot.
Car Dealers: But what about my cut for bringing absolutely nothing to the table except being a con-man??
EVs require much less maintenance...dealers make much of their money from... maintenance! So they mark up the sale price to compensate for their lost revenue.
The solution is selling cars without dealerships, but our helpful state legislatures have made that illegal in many states.
And you need a safe place to charge it. Like a garage. I can't afford a house so why would I buy a Nissan leaf (any cheap ev)? I can't just run an extention cord out an open window. I also can't just leave a wireless ground pad charger plugged in unattended outside. It's all linked, nothing happens in a bubble.
Maybe roll out some models people can afford? It's all SUVs that start around $45k, but they built only a few of those base models. The ones actually available are premium trims that go for $65k and might peak around $100k. They were able to sell out for 6 months, and then that market was saturated. Now they stand around asking why nobody buys their cars.
Also maybe don't make me buy a car through a dealership. Why can't I just order and car and it gets delivered to my house instead of making me pick it up from a dealer that gets to charge whatever they want for being a middle man on top of the cars already being too expensive.
Side note and probably hot take but I think if manufacturers were serious they would be rushing to phase out most of their combustion vehicles. If people want a new car it's going to be electric and if they don't want EV then they can find a nice used car and pay a premium for gas.
Laws have to change for direct sales of cars, mostly at the state level. Dealership owners also happen to be big donors to state elected officials.
Well, maybe if the price of cars wasn't so fucking high, they'd be able to sell more of them. But nope, corps gotta get those record profits in, while underpaying every single [non-executive] worker.
I don’t see any problem with removig car dealers. Just phase out of existence no one will miss them.
Give me a solid car with an electric motor, but all old-school buttons and knobs in the cabin instead of a touchscreen that will be out of date in 5 years and cost 10k to replace if the kids get their grimy hands on it.
My ideal electric car is basically an 85 GTI with an electric motor, but they’re all SUVs
How about people pay attention to local elections? The reason we are not seeing funding for EV infrastructure is most small towns can be bought by the local dealership family who would rather see continued profits from ICE vehicle maintenance and not investments into EV infrastructure, then it conviently sides with this bullshit narrative of nothing can be sold and we have no infrastructure so give up on EVs.
Henry Ford designed the Model T to be a bare-bones vehicle affordable for the everyday person. Volkswagon designed the Beetle to be a bare-bones vehicle affordable for the everyday person.
The first car company to design an EV that's a bare-bones vehicle affordable for the everyday person will sell lots of them. Profit per car may be lower but perhaps we need to set the need for maximum profits aside on this particular issue?
My raises aren't even CLOSE to keeping up with inflation. Rather hard to splurge on a fancy EV with tons of high-tech nice-to-have features that are just going to break anyway. All I need to do is to get from point A to point B and have AC, heat and a half-decent stereo system.
Bullshit. These dealers don't want to sell EVs because they can't bait you into a sales pitch 4 times a year with free oil changes.
Car dealers are just a legal & institutionalized cartel.
Maybe it’s because cars suck now: filled with spyware, massively complex systems that aren’t better at doing car things than similar systems in the 90s, and with a price tag that considers this garbage as worth something to the consumer.
I sincerely wish that were the case. The proliferation of Ring doorbells, Alexa speakers, and overall lack of tech literacy really hampers any signs of general outcry. Our collective screech barely registers as a whimper in the grand scheme.
When GM killed the Bolt, I tried to buy one at two different dealerships near me. One wanted a $10k premium over MSRP and the other wanted $8k.
They also both had a non-negotiable "security" etching added and wheel protection whatever that I had to pay for.
It isn't that I didn't want one, it's that your dealerships fucked it up.
Honestly, may have settled for MSRP, but they wouldn't budge. Fuck off.
If they can’t sell them then let companies sell without a dealership! Sorry your scammy business isn’t working anymore either clean your nose or get out
The infrastructure isn't there. I live in an apartment (and likely will for the foreseeable future), and there are no chargers here.
The option of a (practical) electric car does not exist for a sizeable portion of the country. The fact that they're really expensive is actually secondary considering they're just a non-starter without the infrastructure.
I want and have wanted an EV since 2013.....can't afford one. So to be clear, it's not a matter of wanting, it's a matter of making an affordable one.
I loved my Volt... Charged overnight in a normal 110 outlet got me the 43 miles to work and back (after about year 5, not quite the whole way) but I could still decide to go on a 600 mile road trip spur of the moment. Had to give up the 2014 in 2023 when a full charge wouldn't go 20 miles. ☹️
There is no PHEV comparable now, though! Made the switch back to full ICE and I hate it.
I would like to buy an electric car but I will not because;
Most of those fears aren't completely valid anymore.
Supply and demand, right? Surely they'll get cheaper, right?
Nah, dealerships don't actually want to sell EVs because they make most of their money with maintenance, and with an EV there's basically barely any.
Dealers are waiting to see it the country becomes a full on fascist, road warrior, shit-hole country or continue on a path to a modern first world democracy.
I would have bought a plug in electric, but my apartment didn't like the idea of me throwing extension cords out my second story window.
Car dealers don't want to sell EVs, it's a lot more work for them
They can sell an ICE vehicle within an hour of a customer showing up on the lot.
EVs can take multiple days and sit downs to try and sell because people have questions since it's new and they want to understand the details before purchasing.
That means less commission, so salesmen try to avoid selling people EVs over ICE vehicles.
Also less money on repairs. ICE are in the dealership shop ten times as much.
Dealers actively steer customers away from EVs because they are low maintenance.
Gotta push the EV infrastructure harder. No good pushing lots of EV cars when the infrastructure isn’t there to support them. Can’t charge at work. Can’t charge at your apartment complex. No charge at the shopping areas. Etc. Other than the high initial cost, I’d suggest that the inconvenience and irritation of trying to locate charging along with range limits is a major factor in people not wanting EV.
You're not gonna sell shit with jacked up sky high prices, even more so in a time of high interest rates. We see your lots are full of unsold cars, both ICE and EV, so maybe it's time to bring prices back down to Earth.
We really ought to change the laws to allow for direct-to-consumer car sales. Dealerships are scummy motherfuckers who are perfectly happy to be a middleman and rip people off.
This is a most excellent place for technology news and articles.
