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Without the rear seat package??? No way. While 3D is a nice option t think this car should be about 60-62 in my neck of the woods. Cars without rear seat package sell for 55-60 here all day long. YES, those are today's prices. This car is overpriced!
Without the rear seat package??? No way. While 3D is a nice option t think this car should be about 60-62 in my neck of the woods. Cars without rear seat package sell for 55-60 here all day long. YES, those are today's prices. This car is overpriced!
Lol. Those are 2019 prices. Here that car is $75-80k all day long….
Heres the only W222 for sale in Maine on cars.com. 2019 for $90k.
What you are doing with your car does not mean this car is pricey in today's world...
This is a temporary phenomenon until chip production is caught up. IMO it's stupid to overspend right now unless you have deep pockets and money is meaningless to you.
I bought my 30k mile car last December (original MSRP was $120k) after the chip shortage was going on and paid $47k. According to your logic, it would now be worth $60-65k at a dealer. Ummm....I don't think so.
BTW, there are currently similar mileage and better equiped 2018 S560's with list prices in the $67k area at car dealers.
This is a temporary phenomenon until chip production is caught up. IMO it's stupid to overspend right now unless you have deep pockets and money is meaningless to you.
I bought my 30k mile car last December (original MSRP was $120k) after the chip shortage was going on and paid $47k. According to your logic, it would now be worth $60-65k at a dealer. Ummm....I don't think so.
BTW, there are currently similar mileage and better equiped 2018 S560's with list prices in the $67k area at car dealers.
I hope temporary. I can also envision the auto industry manipulating inventory to sell for higher margin, especially luxury market cars.
I hope temporary. I can also envision the auto industry manipulating inventory to sell for higher margin, especially luxury market cars.
It seems most car companies are moving towards an order based system sold at MSRP vs high dealer inventory. I think dealers and manufactures have learned a lesson, that was forced on them, that higher profit per vehicle is easier than higher volume. Dave may be driving his 7 model year old S for years and years to come...
In the Northeast, there is a supply of reasonably priced 2016-2017 S class, right about 60K or less. There are 2018 models for under 70. It is true, now is not the time to buy used though. New Sprinter vans are selling for 15K OVER MSRP at my local Sprinter dealer. My local Mercedes dealer has offered me what I paid for my 22K mile 2017 S550 in July of 2020, 60K. The car now has 36K on it. There IS a shortage of inventory but as people move more towards SUV and EV vehicles there is less demand for four-door sedans of any make.
It seems most car companies are moving towards an order based system sold at MSRP vs high dealer inventory. I think dealers and manufactures have learned a lesson, that was forced on them, that higher profit per vehicle is easier than higher volume. Dave may be driving his 7 model year old S for years and years to come...
This is all temporary. In the next 18 months, car prices will return to normal and car lots will be full of cars like they were pre-COVID. As people become more poor with the Biden hyper-inflation model, we will likely see margins shrink and dealer profits shrinking as well. It's just simple economics my friend.
I usually keep my cars for around 3 years. So in 2 years when my current 6 year old (build date 6-15) low mileage S550 is ready to be swapped out for a different model, I won't be over-paying like others are doing right now.
You also wont get anything like the price for yours....so it all evens out.
I disagree with this logic. The first part of your statement is correct but “it all evens out” is not.
Everyone here is buying a much more expensive car than they are selling. And since the market markup is proportional to sales cost, you will save more money when the prices come down.
A new W223 is going for $20k over sticker when a new W222 was $12k under sticker. So if he was to go and buy a new W223 today you’re telling me he’s going to get $32k more for his car now than in the normal market?
I disagree with this logic. The first part of your statement is correct but “it all evens out” is not.
Everyone here is buying a much more expensive car than they are selling. And since the market markup is proportional to sales cost, you will save more money when the prices come down.
A new W223 is going for $20k over sticker when a new W222 was $12k under sticker. So if he was to go and buy a new W223 today you’re telling me he’s going to get $32k more for his car now than in the normal market?
I don't think he was speaking in terms of getting a new w223. I sold my LS for 7k over KBB. That 7k went towards the fully loaded 150k msrp S560 I bought (at a great deal) which put the car in the same range as if I would have bought it pre covid when I first started exploring the idea.
I don't buy cars for equity, they are pretty much rentals, so if you can afford to "rent" the car you love, do it! Don't wait 18 months lol, 18 months is never promised.
This is all temporary. In the next 18 months, car prices will return to normal and car lots will be full of cars like they were pre-COVID. As people become more poor with the Biden hyper-inflation model, we will likely see margins shrink and dealer profits shrinking as well. It's just simple economics my friend.
I usually keep my cars for around 3 years. So in 2 years when my current 6 year old (build date 6-15) low mileage S550 is ready to be swapped out for a different model, I won't be over-paying like others are doing right now.
As I totally agree with the not overpaying part, I hope you are right. I am afraid that it is not going to work out that way. I suspect that the inflation on everything including used cars is going to be pretty sticky. Now that the dollars have been devalued don't see why they are going to become worth more in the future. Part of the problem as will be in the housing market, is that people who did overpay will be so upside down that wouldn't be able to get out which will continue to depress inventory.
The inflationary Covid related fiscal stimulus and monetary policy started before Biden took office.
There are so many factors that will influence the way cars are sold and bought one year, two years and three years from now. Anecdotal experience from talking to people at my MB dealership is this:
1. New Car sales staff has been trimmed by close to 70 percent.
2. There is adequate supply of new cars, but they are being sold at MSRP or slightly below.
3. Used cars still command a high premium.
4. Customers are slightly getting used to ordering new cars and are getting used to paying MRSP opposed to wandering a lot full of new cars.
5. Ordering cars saves the dealer a ton on floor planning.
6. Much more business is being done on line and over the phone.
7. Service department has cut no one and is still very busy.
I think Covid and Inflation will and have changed the way the Auto business is conducted. I think the future will look far different from the past.
There are so many factors that will influence the way cars are sold and bought one year, two years and three years from now. Anecdotal experience from talking to people at my MB dealership is this:
I think Covid and Inflation will and have changed the way the Auto business is conducted. I think the future will look far different from the past.
Agree but with variables. My dealer is showing 19 S class in stock. Mercedes and others will still going to produce cars on spec, no slowing that. The question is if the economy hits a speed bump what does dealer behavior look like. Sit on inventory? No way. Do we go back to the old model? In Europe as many know, most cars are ordered and dealers show very little stock, this seems to be the general consensus of where things go. Here in the states we have many mega dealers with large real estate and a deep customer base that often walks in and drives off new. I suspect more than half the car buyers are not interested in ordering and will shop inventory.
The inflationary Covid related fiscal stimulus and monetary policy started before Biden took office.
Actually this is all recent, inflation was normal through the first quarter. While there was tremendous government spending last year, it was done methodically. Initially we started with the massive PPP and other stimulus needed when the country shut down in March, then there were targeted smaller bills designed to bridge a gap and keep demand up without flooding the system with money. Then the new administration came in and dropped the nuke of all nukes with the $1.7T stimulus package that was entirely unneeded. Households were flush with cash and we sent them thousands more. That money slushing around the system predictably led to the current inflation issues. I work in finance and we have seen this coming since January, it was so blatantly obvious. We know the Fed is completely asleep at the wheel so we all collectively laugh as they are just now waking up and saying wow. One of the dumbest comments I have heard recently is transitory, no, it is not transitory- it is going to get worse. Just wait until the massive employee salary increases really hit the bottom line...
Actually this is all recent, inflation was normal through the first quarter. While there was tremendous government spending last year, it was done methodically. Initially we started with the massive PPP and other stimulus needed when the country shut down in March, then there were targeted smaller bills designed to bridge a gap and keep demand up without flooding the system with money. Then the new administration came in and dropped the nuke of all nukes with the $1.7T stimulus package that was entirely unneeded. Households were flush with cash and we sent them thousands more. That money slushing around the system predictably led to the current inflation issues. I work in finance and we have seen this coming since January, it was so blatantly obvious. We know the Fed is completely asleep at the wheel so we all collectively laugh as they are just now waking up and saying wow. One of the dumbest comments I have heard recently is transitory, no, it is not transitory- it is going to get worse. Just wait until the massive employee salary increases really hit the bottom line...
It was never transitory, this was simply a political stunt to minimize the impact and spin it. Inflation will get much worse, this is clearly the Achilles heel.
12-01-2021, 06:34 PM
