following because holy shit is this ever a huge blind spot for me.

i actually need a new car soon and was just going to pick up a reasonably recent sports suv deal for 25-30k and finance it / pay off aggressively.

fwiw when i looked at prices, it didnt seem to me like that batshit +150% covid markup nonsense was in effect but again, none of this is my bag.

so apparently shits still fucked up?

https://www.cnn.com/2022/09/29/busin...ble/index.html

this whole thread is interesting tbh.

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So caved and bought a new 2023 Kia forte ex today. Quite the experience.

Second hand market on cars is still ridiculously priced in Canada. Getting a new car can literally take years depending on what you want. My dealership has like no cars and the owner admitted he literally has staff park out front to make it look like they have more inventory!

I came in this morning and a salesperson showed me a "demo car" that was driven by the owners daughter (about 3k miles on it). Already had scratched bumper... Quoted price was 2000$ more than if we bought the car brand new!!!! That's right used scratched up cars selling higher price than new because there are no new cars on the lot (only sold ones).

The salesperson explained that basically he is given like 6 new cars a month and if he sells them all Kia will them send him 7 cars next month. But if he doesn't sell them all he only gets 5 the next month. On top of it once we agreed to buy the car model they immediately start calling around to see if they can find one and have to trade one of their new cars for the one we want from another dealership. This can result in several months wait worst case scenario. Luckily they were visibly excited to immediately get a hit in Quebec. We should be getting our new car in 2-3 weeks at worst as a result.

We didn't finance so can't comment on that.