09-03-2019, 05:06 PM | #1 |
Second Lieutenant
250
Rep 257
Posts |
I've owned eight BMWs over the years and 4 of last 5 have been M's. I'm an early adopter. But I stopped buying locally because the local dealer markups as high as $15K. I was hot to buy one of first 2019 M2C in HS but the dealer added $10K as a dealer adjustment charge. They do this all the time made it made me walk out immediately. I ordered my M2C out of state and had it shipped to me. Cost me some was a few weeks and only $300.00 extra for delivery. So for the 5th time in a row my local dealer got the middle finger from me.
It's a free market but I'm the one with the choice on how much I'll pay.
__________________
M2C 2019
135is Dinan S2 E60 M5 E39 M5 Dinan S2 E34 M5 Dinan S1 |
09-03-2019, 05:18 PM | #2 |
Major General
6248
Rep 5,295
Posts |
This happens all over but is random which dealer feels they can pull it off. In my little area they don’t want to lose their valued repeat customer so a discount is always negotiated in on any car they sell. I can’t pay retail for anything and I still managed to get rare items/luxury goods just fine. You just have to do what you did and cast a wider net. A “market adjustment” like Chevy dealers are doing with the new Vette is beyond cheesy used car sales tactics.
|
Appreciate
0
|
09-03-2019, 06:43 PM | #3 |
New Member
5
Rep 14
Posts |
Part of living in the Bay Area. You should see some of the craziness Porsche dealers pull off around here.
That said, if you are looking to buy in state in the future, there are some great dealers down the coast a bit. |
Appreciate
0
|
09-03-2019, 06:52 PM | #4 |
Major General
10449
Rep 6,878
Posts
Drives: 2018 M2 AW DCT
Join Date: Aug 2012
Location: Seattle, WA
|
My dealer in Seattle never sells above MSRP. Maybe why I have bought from them over the last 30 years.
|
Appreciate
3
|
09-03-2019, 08:28 PM | #5 |
Lieutenant
465
Rep 453
Posts |
It's surprising dealers still do this, as the car marketplace has become nation-wide with ... ahem, the internet...?!? But there are still people who walk in and impulse buy cars, and for those people who do not research, the dealership makes out huge.
I agree with the OP and find the practice insulting. Our local dealerships try to build relationships so that we come back and buy, and our friends buy, and our family buys ... from them. My buddies and I were all buying M2c's so we could have matching track cars for DE events. We all race separately in arrive-and-drive events, but we wanted a fun car with more reasonable running costs for local DE fun. Looking around the country some dealers said they were all out of allocations (California), some wanted me to pay for allocations (Midwest), and in the end our Houston dealership locked in all 4 cars, no BS, and were awesome to deal with.
__________________
Ride: 2020 F87 M2C, 6MT Drive: Nine-Four Motorsports
Before: 2013 - 3.8L GTR, first DCT 2012 - 5.2L R8 v10, 6MT 2011 - 4.0L E92 M3, 6MT |
Appreciate
0
|
09-03-2019, 08:42 PM | #6 |
Banned
498
Rep 697
Posts
Drives: Alpine White 2020 BMW M2C
Join Date: May 2015
Location: United States
iTrader: (0)
Garage List 2017 BMW X6 M [0.00]
2020 BMW M2 Competi ... [0.00] 1993 Mazda RX-7 [0.00] 2006 Mitsubishi Evo ... [0.00] 2005 BMW M3 ZCP [0.00] 2016 Ducati Panigal ... [0.00] |
Round Rock Toyota has a Supra with a "Market Adjustment" of $15,000.
Meanwhile loads of dealerships currently have them for sticker. They are catering to the "I need this right now" people, who have more money than sense. |
Appreciate
1
Supernaut391.00 |
09-03-2019, 09:59 PM | #8 |
Brigadier General
2931
Rep 3,285
Posts
Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson
|
I don't think anyone is trying for over MSRP on the M2C now, but certainly that was often the case for MY 2019 and earlier for 2020s. My local dealer occasionally does the markup BS, but they will remove it if you are serious. I didn't order my 2020 M2C from them because they didn't have an allocation when I wanted one,
What is shocking to me in the internet age is that anyone would pay above MSRP vs. buying out of state and having the car shipped (or picking it up). This goes both ways of course; consumers want a bargain (e.g., $500 to $1000 above invoice) and dealers want to maximize profits (at least MSRP or more if demand allows). Complicating the whole thing are the incentives ("trunk money") that dealers get from manufacturers for some cars. This information is not available to consumers (or at least not readily). I think we'd all be happier if a reasonable transparent dealer profit margin was the standard. Telsa already does direct to consumer purchases (although I don't know the profit margin) and I imagine other car companies will follow. P.S.: OP, nice stable!
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel 2007 E86 Z4M Coupe Silver Gray/Black 2021 Kia Telluride (hauler) Last edited by KevinM; 09-03-2019 at 10:01 PM.. Reason: P.S. |
09-03-2019, 10:22 PM | #9 |
Major
341
Rep 1,122
Posts |
I refuse to take my business where they mark up and rob the consumer and I live in the bay area where they mark up candy bars lol. Last two M cars had to travel 3hrs away to snag MSRP. Don't care if I earned 7 figures I wouldn't let anyone tell my money
|
Appreciate
0
|
09-03-2019, 11:07 PM | #10 |
Second Lieutenant
174
Rep 218
Posts |
I think of the markups as an indication to take my business somewhere else. For them it's about making a quick profit and not trying to establish a long term business relationship. And that's totally fine, at least I know upfront where they stand.
|
Appreciate
0
|
09-04-2019, 06:46 AM | #11 |
Major
758
Rep 1,015
Posts
Drives: Porsche GTS 4.0
Join Date: Jun 2018
Location: Virginia
|
Unfortunately, it's the consumers fault. The dealerships only mark them up because they know there are consumers who will pay it. So, as long as those "more money than sense" people are out there, this won't stop.
|
Appreciate
3
|
09-04-2019, 10:56 AM | #12 |
Private First Class
280
Rep 175
Posts
Drives: 2020 M2 Comp.
Join Date: Aug 2019
Location: Los Angeles
|
Nothing wrong with dealership mark ups. Don’t like the price move on you don’t have to buy. That said I wouldn’t pay over msrp on a M car that’s going to depreciate but that’s just me, also I wouldn’t support that dealership. The only reason dealers are marking up is because people are paying. More power to em.
|
Appreciate
1
HomoPirate84.00 |
09-04-2019, 11:34 AM | #13 |
Private First Class
126
Rep 114
Posts |
Dealers are marking up M2Cs? Still? None of the dealers within a 150 mile radius of me have their M2 Comps. marked up, however availability seems scarce. Only a good 6-7 are available in my area (midwest US).
That said, the markup is fair and not infringing on any legality- but morally I dislike it, and I personally have little respect for quick buck middle men in any industry. If your industry exists solely thanks to endless lobbying then you're adding nothing to society.
__________________
2017 M2 6MT | 2018 C43 AMG
|
Appreciate
1
bobert858.50 |
09-04-2019, 01:34 PM | #14 |
Major General
4186
Rep 5,727
Posts
Drives: 2019 M2 Competition
Join Date: Nov 2007
Location: Orange County, CA
|
They won't. I like the enthusiasm and agree with you but this is just businesses trying to take advantage of the ol supply v. demand. Take your business elsewhere. A lot of people here in California have to look for dealers other than their local ones because of this. Let the sheep pay the markups.
|
Appreciate
1
Sedan_Clan24830.50 |
09-04-2019, 05:55 PM | #15 | |
Lieutenant
136
Rep 423
Posts |
Quote:
__________________
|
|
Appreciate
0
|
09-04-2019, 08:46 PM | #16 |
Brigadier General
2931
Rep 3,285
Posts
Drives: 2002 M5;2007 M Coupe;2020 M2C
Join Date: Jul 2011
Location: Tucson
|
How is that? The service department is usually completely separate from sales. Hell, my service department has never asked where I purchased any of my BMWs from. I haven't purchased a BMW from my local dealer for over 10 years, but I still get a BMW loaner for service, etc.
__________________
2020 F87 M2C Hockenheim Silver/MT
2002 E39 M5 Sterling Gray/Caramel 2007 E86 Z4M Coupe Silver Gray/Black 2021 Kia Telluride (hauler) |
Appreciate
1
Sedan_Clan24830.50 |
09-04-2019, 11:44 PM | #18 |
Primo Generalissimo
4546
Rep 3,996
Posts
Drives: All of them
Join Date: Jun 2009
Location: DC area
iTrader: (0)
Garage List 2017 Porsche 911 Ca ... [10.00]
2023 BMW M2 [9.00] 2023 Porsche Macan GTS [10.00] 2022 Ford F-250 Tremor [7.75] |
Anything is worth what someone is willing to pay. There is a BMW dealer in the DC area notorious for doing ADM and has a general snootiness about them. It’s easy to go elsewhere. They don’t have a lock on the product. But with that said, as Bobby Brown said, it’s their prerogative.
|
Appreciate
0
|
09-04-2019, 11:45 PM | #19 | |
No music no life....
775
Rep 704
Posts |
I live in florida... always buy my bmw upnorth.
Quote:
__________________
RETIRED: '18 SMB M3CS
RETIRED: '16 MB M4GTS RETIRED: '16 BLK M2 |
|
Appreciate
0
|
09-05-2019, 07:20 AM | #20 | |
Major
758
Rep 1,015
Posts
Drives: Porsche GTS 4.0
Join Date: Jun 2018
Location: Virginia
|
Quote:
|
|
Appreciate
0
|
09-05-2019, 12:56 PM | #21 |
Second Lieutenant
173
Rep 245
Posts |
Location: Los Gatos. That explains the markups lol. When there is demand there will be market for markups. It will stop when customers stop paying for it. But the young techie who is making 300k straight out of college and buying first car after googling best sports car will be easily gullible into paying 10k above msrp to get the best thing. The new hire in my team did that. Bought a hs m2c for 10k markup from Stevens creek bmw(heck a young product manager in next team just got a mclaren 570 from mclaren sf).I went to test drive m2c in BMW Mountain View. They were asking 5k markup and no option for ED. I said no thank you and placed an order out of state. Later they kept bugging me dropping markup + offering free add ons + 500 off msrp and so on. It got sold 3 weeks later with the markup.
Last edited by goku7; 09-05-2019 at 01:02 PM.. |
Appreciate
0
|
09-05-2019, 01:53 PM | #22 | |
Lieutenant
136
Rep 423
Posts |
Quote:
__________________
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|