2023 Civic Type R Waitlist / Deposit / Reservations List - Check in here!
CivicR38
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Stock until the market has more options!Start building your arsenal of mods. It'll keep you busy. That's what I'm doing.
Tickle
Senior Member
Journalism leaves much to be desired these days.... Of course whatever you read has some sort of parent company that is related to another. That's a topic for another day...
My point is that while automakers that can produce vehicles at a rate close to what they once had should be cautious to avoid oversaturation this bringing back massive incentives. CEO of Ford has mentioned as much more than once.
The beauty of the auto industry, unlike so many other other sectors... Is that there is so much competition. Innovation and options.
Honda isn't one of the companies holding back on production. Short of the Honda Ridgeline and at times the Passport (both up for redesigns next year). Honda could stand to produce more.
If dealers can have ADM. Then manufactures can afford to produce more if possible. They are businesses and they are looking for profit and growth.
TypeRD
Senior Member
@Tickle Yeah it’s only a data point.
We know that most of our “news” these days lacks detail and nuance, so it requires people (who really want a comprehensive understanding) to deep dive. Not many will do that. In fact, most news sources are counting on this. It’s all done to maintain their partisan, not-fully-informed, readership. But anyway…
Another way to look at it is this : Because the economy is shaky (with mortgage foreclosures and auto loan defaults), lenders are more apprehensive to give out auto loans. As such, the auto industry has shifted production to focus on fewer (perhaps higher-end / higher margin) offerings to cater to those who can afford new vehicles (without the need for a loan or only require a partial loan).
We know that most of our “news” these days lacks detail and nuance, so it requires people (who really want a comprehensive understanding) to deep dive. Not many will do that. In fact, most news sources are counting on this. It’s all done to maintain their partisan, not-fully-informed, readership. But anyway…
Another way to look at it is this : Because the economy is shaky (with mortgage foreclosures and auto loan defaults), lenders are more apprehensive to give out auto loans. As such, the auto industry has shifted production to focus on fewer (perhaps higher-end / higher margin) offerings to cater to those who can afford new vehicles (without the need for a loan or only require a partial loan).
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1971Camaro
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I know what you are going thru... i waited from Aug 3 2022 until feb 13 2023 to get my call. This forum helped me through that.
Doublestack00
Senior Member
Naples Honda just quoted me $74,100 OTD for a 2023 R
They must be doing bath salts.
They must be doing bath salts.
1971Camaro
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excellent! something productive to do while u wait. ;p
1971Camaro
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You are correct... HOWEVER, the focus is intentional to serve the upper class... yet, cars are NOT a luxury item, and to get at least a decent car is at least 30k OTD...which is predicted to increase in 2024 along with yet-higher interest rates. the problem is that in our communities, a car is so often the only means to get to work, and a RELIABLE car is pretty mandatory.
TypeRD
Senior Member
You are correct. And this is what has driven up the prices of used cars. It wasn’t just that there was an overall shortage of new cars for sale, but there are many who simply need good, reliable, transportation at a reasonable price to get to work and take kids to school etc. So…actually, this sort of suggests that NEW cars are indeed becoming “luxury” items (given current economic circumstances). I saw somewhere that there are only like 5 cars available, new, for $20k or less! It’s crazy! Mid and lower income households are getting priced out of both the housing market AND the new car market.
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AspecR
Senior Member
Too many rich people with “idgaf” money here in South Florida.
I know personally of 3 that have sold for over 20k. 2 of them are currently parked beside GT3s and the other is parked beside an NC1 NSX
Doublestack00
Senior Member
I can see that, just sucks that it ruins the chance for an average guy to get a cool car that they can daily and have some weekend fun with.
SKINNIE
Senior Member
I remember the good ole days where you walk into a dealership and fight with the salesman to get the car below MSRP. Now it's the opposite to where you have to fight to get close back to MSRP 
Doublestack00
Senior Member
I remember the good ole days where you walk into a dealership and fight with the salesman to get the car below MSRP. Now it's the opposite to where you have to fight to get close back to MSRP
I called on an Si today, they are taking bids on who will pay the most over MSRP.
I am like wtf, you must be joking and hung up.
AspecR
Senior Member
I remember the good ole days where you walk into a dealership and fight with the salesman to get the car below MSRP. Now it's the opposite to where you have to fight to get close back to MSRP
Man! You have no idea, we used to give MSRP all day and people would be like “Absolutely not, that’s not a good deal.” Oh how the tables have turned, now MSRP is everybody’s favorite acronym
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