Price gouging? Here's who should know...

One would hope that my fellow Americans will someday learn that the alleged "free market" is largely a scam. But we do cling mightily to our illusions.

 

Well, if there's an additional dealer markup, any "routine credit" is sort of moot. "We're adding $27,500 to the MSRP, but, of course, we'll give you the routine $7,500 federal EV tax credit."

I'm just saying the US dealers set whatever price they choose. Any gouging on the $7,500 EV tax credit is just a component of the overall ADM gouging. It's only as "routine" as the leasors choose.

An EV pass-through tax credit is a better deal for leasees than we EV buyers get because leasees don't have to wait until filing taxes to get the benefit and leasees don't have to owe at least $7,500 in taxes to claim the $7,500 credit. In fact they don't have to owe any taxes at all! The only advantage for EV buyers is they deal directly with the government for the tax credit--there's no haggling about how much of the guaranteed tax credit they can claim.

 

OK then,it is even worse than a "free market" where you are free to starve, it is a rigged market in favour of the rich and you suckers keep voting for it.

 

Clearly you would know more about it than I as it came so readily to mind. "A semblance of choice"???? To anyone except the less than 6% of the worlds population who are Americans, your choices look like two cheeks of the same arse with barely a crack between them. Calling people fascist, commie , socialist does not make them so merely indicating the ignorance of those using the terms.

 

In economics class I was taught that profit doesn’t exist in the long term, that the utility a company makes on a product is what is required to keep them selling that product. I don’t mind if a company is overcharging if I am willing to pay the price or if I can walk away from deal. What I do object to is the bait and switch where they draw you in with a low price and then jack up the price when you go to make the deal.

I know the prices will go down once inventory increases. I also know that a good product will draw competition to the market. The EV6 is a tempting product but it really doesn’t meet my needs and I’m glad the current price gouging has tempered my temptation.


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That’s what happened to the 2016 volt we had. Just walked away.


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More car shoppers should get up and walk away from bad deals. The only way dealers will stop trying to rip us all off is if we don't let them get away with it.

 

The greedy dealers adjust their prices to what the market will bear. It's capitalism. If you wanted a vehicle that wasn't in short supply, the price would likely be discounted from MSRP.

What do dealers think after selling a car for MSRP and then watching the customer immediately flip it for big bucks? This story describes how a customer is offering his rare $110,000 Hummer EV Edition 1 with delivery mileage for $310,000. I hope there's a follow-up story that tells how much he actually gets, but I doubt we'll ever know. However, with stories like this it's easy to see why dealers want to get a piece of those extra profits.

 

What would happen if.... Collectively a group of people online decided to place online orders for a car and ALL rejected receipt of the car unless the dealer released the car at MSRP?

 

Then other people, not smart enough to join this collective, would buy the car.

 

That really was a weird economics class you attended. Was it run by Bernie Madoff?

 

This is just basic economics taught in every college in the country. If you think the concepts I presented are weird then you don't get the point and you have probably never taken a college economics class.

 

Which would explain the fact that the USA's debts are $28.4 trillion and if Japan and China ever call in their share it will be Bankrupt USA. I had the fortune not to go to an American college, roughly equal to one of our schools for the backward,
but a British University What you were told but clearly failed to grasp was that was in the classical perfect competitive market where the balance between consumer and supplier was equal. Like the Unicorn it has never been seen

 

Just to point out, there are only 9 EV6's in inventory now, so there's definitely demand for the car, even with the dealer markup.

BTW, my local Kia dealership (where I got my Niro EV below MSRP 2.5 years ago) is now adding a markup of $5000 to Niro EVs, $10,000 for EV6, and $15,000 to the Telluride (which kind of disproves your idea that their goal is to increase ICE sales)

 

I
Don't know how you attribute the above to me as I never wrote it. As I am in the UK it is a little unlikely that I bought a E Niro in the USA

 

I apologize, seems like the forum somehow linked to your post. Was not my intention. Just fixed it.