[jwt2440]

Originally Posted by Worm25

Just went to BMW Henderson, they have 4 allocations a head of me but they do have other allocations that I can get. My advisor came back with the sheet and it hat $15000.00 market adjustment, WTF is wrong with people?

I used to live in Southern Nevada and still have family there. Don't ever buy a car locally you will pay through the nose. Reach out to all the dealerships in SoCal. They will ship you the car if you don't want to fly out and pick it up. Besides being significantly cheaper, California limits Doc fees to $100 or something whereas Nevada I don't think there's a limit.

[Vishal50028]

I count my blessings that I got msrp 3 weeks ago. Just dumb luck

[GGG333]

Originally Posted by Worm25

Just went to BMW Henderson, they have 4 allocations a head of me but they do have other allocations that I can get. My advisor came back with the sheet and it hat $15000.00 market adjustment, WTF is wrong with people?

This is just the beginning , 25k will soon be the normal.
Just wait

[vj123]

The person paying this kinda markup will regret after seeing the LCI couple of months after taking delivery of this MY22.

[GGG333]

Originally Posted by vj123

The person paying this kinda markup will regret after seeing the LCI couple of months after taking delivery of this MY22.

That's if the ID8 doesn't scare them off first and then they will be glad they went with the MY22 :

[vj123]

Originally Posted by DK__LA

That's if the ID8 doesn't scare them off first and then they will be glad they went with the MY22 :

A person crazy enough to pay this markup will most likely look for instant gratification and might always want the latest and greatest.

On the other side, I am not a fan of iDrive 8.

[JDUNITNOW]

I assume anyone who can afford to pay a 15k markup can afford to take the hit when the market readjusts. I may be wrong, but if this continues, it will push prices up and cut the majority of people out of the market. I got nothing against capitalism, but you can't survive in a society where only the few can afford goods or services.

[Likeanowl]

If some dealership told me to pay a 25k markup on this car I’d tell them to suck my balls and buy a Porsche.

[GGG333]

Originally Posted by Likeanowl

If some dealership told me to pay a 25k markup on this car I’d tell them to suck my balls and buy a Porsche.

And then Porsche would tell you to suck their balls with an even higher mark up.

[ATX_M3]

This should be an interesting case of what market will pay for a G80. MSRP on this car is just under $70k and bids are basically right at sticker with less than 24 hours left: https://carsandbids.com/auctions/rGNwN1oo/2021-bmw-m3

[BMWnation]

Originally Posted by DK__LA

And then Porsche would tell you to suck their balls with an even higher mark up.

Ha ha, this is so true. Porsche mark up is x___ of BMW

[GGG333]

Originally Posted by BMWnation

Ha ha, this is so true. Porsche mark up is x___ of BMW

That's if he's even able to get an allocation for a relevant Porsche such as a 911.

At least with M's we can find them here and there.

[Draper]

Originally Posted by ATX_M3

This should be an interesting case of what market will pay for a G80. MSRP on this car is just under $70k and bids are basically right at sticker with less than 24 hours left: https://carsandbids.com/auctions/rGNwN1oo/2021-bmw-m3

Plus 4.5% 😉

[SpeedyATL]

Originally Posted by JDUNITNOW

I assume anyone who can afford to pay a 15k markup can afford to take the hit when the market readjusts. I may be wrong, but if this continues, it will push prices up and cut the majority of people out of the market. I got nothing against capitalism, but you can't survive in a society where only the few can afford goods or services.

In socialism you have extremes of haves and have-nots caused by limited supply and rampant inflation. What we are seeing here is not capitalism, its a glimpse of where we might be headed.

Hopefully its just a temporary shock to the market in the form of covid and the chip shortage, but while the chip issue will eventually resolve itself, i don't see inflation getting under control until the idiots in dc actually try to address it and stop throwing money out the window of the helicopter.

[BRAKE!]

Yeah... as much as I hate this whole "market adjustment," its market forces doing its thing.

As previously mentioned, if you don't want to pay ridiculous prices - just wait. Patience is a virtue. Besides, the dealerships aren't going to lower their asking prices because of complaints. Put yourself in their shoes - would you give up a potential to make $15k extra in the name of pleasing the internet forums?

[JDUNITNOW]

Originally Posted by BRAKE!

Yeah... as much as I hate this whole "market adjustment," its market forces doing its thing.

As previously mentioned, if you don't want to pay ridiculous prices - just wait. Patience is a virtue. Besides, the dealerships aren't going to lower their asking prices because of complaints. Put yourself in their shoes - would you give up a potential to make $15k extra in the name of pleasing the internet forums?

I agree, but why bite the hand that feeds you. Unfortunately, human nature is we have have short-term memory.

[jwt2440]

Originally Posted by SpeedyATL

In socialism you have extremes of haves and have-nots caused by limited supply and rampant inflation. What we are seeing here is not capitalism, its a glimpse of where we might be headed.

Hopefully its just a temporary shock to the market in the form of covid and the chip shortage, but while the chip issue will eventually resolve itself, i don't see inflation getting under control until the idiots in dc actually try to address it and stop throwing money out the window of the helicopter.

Agreed. It's been years and years of tax cuts along with out of control spending. Both parties are failures fiscally and neither has the balls to make the hard decisions in the best interests of this country over the long term.

[Vishal50028]

Originally Posted by SpeedyATL

In socialism you have extremes of haves and have-nots caused by limited supply and rampant inflation. What we are seeing here is not capitalism, its a glimpse of where we might be headed.

Hopefully its just a temporary shock to the market in the form of covid and the chip shortage, but while the chip issue will eventually resolve itself, i don't see inflation getting under control until the idiots in dc actually try to address it and stop throwing money out the window of the helicopter.

You sure have a knack for making political comments on a car forum.

[mikezmoney]

Originally Posted by Spiffx

Wow, I now realize how grateful I should be to the sales manager at my dealership. Zero markup. Just MSRP + TT&L. I ordered back in October though. Zero down also. Got my allocation on Jan 1, now in status code 150 since Jan 14.

Nice. Where is the car headed? Mines at the port for over a week now. Also week 1 build

[SpeedyATL]

Originally Posted by Vishal50028

You sure have a knack for making political comments on a car forum.

And you have a knack for reading whats not there.

This thread is about a 15k markup and crazy dealer market adjustments in the current economic environment. One comment referred to capitalism possibly being the issue and i pointed to the chip shortage, covid, inflation and out of control govt sspending and gave my opinion that it was not capitalism to blame.

If you don't see a link there then just don't read my comments going forward as i actually try to put some real thought into many of my responses in the forums i participate in.

[barryc365]

If I was BMW the lesson leaned from the pandemic would be, make far less cars and sell them at a much higher price point. Why work off a small margin when clearly people are willing to pay more. The same is happening with luxury watches, people are flipping watches on the second hand market for 100% over so the manufactures are going to jack up their prices knowing the customer isn't out off by that price point.

It can't last forever though. Interest rates are moving up quite aggressively in the last couple of weeks on the US 10 Year note and tech stocks are getting wrecked. I think of lot of people made fast money in stocks and crypto and wanted to spend it. I don't think there will be such big gains in markets this year so there should be less of that hot money flying around the place

Paying these crazy mark ups is nuts. I can see someone paying $2500 to cut the line or something but $10k/15k is absolutely nuts, it's a bad financial decision unquestionably weather that money means very little to you or not

[SpeedyATL]

Originally Posted by barryc365

If I was BMW the lesson leaned from the pandemic would be, make far less cars and sell them at a much higher price point.

Barry, Unfortunately for all of us, BMW seems to agree with you.

I read an article a couple of weeks ago that was quoting one of the BMW Execs saying that going forward they were going to keep a much closer eye on supply vs demand...which I believe was code for exactly what you are saying, limit supply to keep prices high and incentives low.