https://www.wsj.com/articles/ford-gm-warn-dealers-charge-abo…
Ford F -0.95% Motor Co. and General Motors Co. GM -2.46% are clamping down on dealerships that are trying to charge more than the sticker price, a tactic that has proliferated amid the car shortage.
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Ford has determined that about 10% of the roughly 3,000 dealerships in its U.S. network are charging above the sticker price, Mr. Farley said. If they don’t stop, Ford plans to take punitive action by shipping them fewer sought-after models, he added.
The article states that a month ago GM said it could take similar action too.
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And this from the companies that are systematically discontinuing cheaper models, raising prices on what is left, and bragging about how high their ATP and GP are? Are the corporate managements jealous that the dealers are getting ahead of their own price gouging strategy?
Steve
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My guess is that they are just upset that they aren’t getting what they consider their share of the overcharge.
1 Like
My guess is that they are just upset that they aren’t getting what they consider their share of the overcharge.
Easy to fix. Hold daily auctions for the dealers to bid against each other for each of the day’s production vehicles.
No limits on used car prices, and they are up 40% from last year.
“Listing prices for used cars in January were up 40% from the same time last year, according to Carfax. The company said the average listing for a used car is currently $28,000 – a record high.”
https://abcnews.go.com/Business/car-prices-record-high-chip-…