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Some dealers rightfully deserve the bad reputation they have from the way they have done business over many years. Now-a-days, all you have to do is go to Google and look at a dealers "stars"/reviews and you can get a pretty good glimpse on how they conduct themselves. There is no way to fudge those numbers. As for pricing; the "car business" is set up for variable pricing (negotiations) and that's ultimately the root of why customers/dealers don't always see eye-to-eye. Dealers want/need to make money, customers want a good deal. In years past before the internet contained all knowledge, negotiating was guesswork for the customer. Now customers can find out true costs and shop in others states within minutes. Ultimately, I've had success just keeping the base models at invoice ($78500 / about $10k off MSRP) and $2000 over invoice on Heritage ($82k / about $8k off MSRP). I make a fair margin, customer gets a good deal, and I turn my inventory very quickly.@Eric Sarjeant do most people in the industry wonder why the public usually views buying a vehicle as such a bad experience? I only ask you because you are in said industry.. I’d fully expect a deal with you to be great.
Some dealers rightfully deserve the bad reputation they have from the way they have done business over many years. Now-a-days, all you have to do is go to Google and look at a dealers "stars"/reviews and you can get a pretty good glimpse on how they conduct themselves. There is no way to fudge those numbers. As for pricing; the "car business" is set up for variable pricing (negotiations) and that's ultimately the root of why customers/dealers don't always see eye-to-eye. Dealers want/need to make money, customers want a good deal. In years past before the internet contained all knowledge, negotiating was guesswork for the customer. Now customers can find out true costs and shop in others states within minutes. Ultimately, I've had success just keeping the base models at invoice ($78500 / about $10k off MSRP) and $2000 over invoice on Heritage ($82k / about $8k off MSRP). I make a fair margin, customer gets a good deal, and I turn my inventory very quickly.
As for someones post about production interruption... Japanese plants did not shut down due to COVID-19 and there was no supply chain interruption from Japan (with Toyota at least). Furthermore, I just don't see Toyota making any special offers on Land Cruiser. Since my start with Toyota in 2006, I have never seen any incentive period. No APR, no rebates, or anything. They just don't need to as the production is so small, they will sell them all. Lexus on the other hand, they very well could/will.
I'm in Austin TX. Inventory is dwindling down as Texas. Factories are building slowly so there is a delay. We had a prius that took over 6 months to arrive...
Tundra 4x4 with special edition is super low everywhere. Dealerships are hardly trading for vehicles so you better buy in stock.
We still sell land cruisers at MSRP and people buy them.
We sold 3 supras in the last 4 weeks at 5k over msrp or msrp. Got one left.
Certain parts of the country is more affected by covid than others. Houston sales is very slow at the moment. I heard California is very bad.
I took in a 2019 Lexus LX570 with 6400 miles and a 2020 Porsche 911 S Cabriolet with 1200 miles. Guy traded both for a Tacoma trd sport 4x4. He wiped off 120k of debt down sizing. Haha.
That lx is nice though it's like a limited black edition I forgot. The steering wheel feels so much better than my 2016 but I love my 16 though cuz it's lifted. Haha.
hmmmmm ....... that's all I can say!!