Cars are in demand
Heard on Bloomberg radio that a used Toyota is asking $90,000+ in California, because of shortage of cars on the market, mostly caused by chips and so on. Then I saw a friend’s post on WeChat: she searched online for a car and then went to the Benz dealer that has the one she wanted. Various prices she encountered in a day:
- $98,920 on the car at the dealer’s display room
- $88,630 was what she saw online
- $77,850, the standard price on Benz’s site also on the car at the dealer
The sales person at the dealer said, someone is picking this one up at 3pm BUT if you pay $25,000 extra, it’s yours.
She left in disgust and purchased from BMW, thought a friend.
Free market … but what that dealer is doing is terrible. Is it industry wide practice at the moment, or they target each consumer differently?
