02-23-2022, 06:38 PM | #57 |
Camaro Addiction
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A point of info. from my dealer's general manager: "we are selling just as many vehicles pre-pandemic, the difference is we have little available inventory, the inventory is not sitting around and we are getting premium prices..." This all bodes well for the dealer's business operations.
Btw, I had to negotiate my butt off to pay just sticker price on a $75K Camaro ZLE that was ordered in June, finally produced in January and is still sitting in the parking lot at the Camaro factory in the winter weather awaiting transportation with an estimated delivery of March 29. Really??
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2012 Camaro ZL1 VIN #0004 ZL1, Ashen Grey, Black Leather, 6 speed, suede, exposed carbon fiber weave, gray stripe Current Status: Cruisin' !! 3800 Produced: 1/27/2012 6000 Delivered To Customer: 4/27/2012 |
02-23-2022, 06:50 PM | #58 | |
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Your question was specifically about companies making record profits in this current climate of inflation. I googled "Companies making record profits". There has been a discussion about raising minimum wage, as you pointed out companies are already raising prices to neutralize that minimum wage increase. I'm not sure why you might consider that to be "political", when it's just big companies doing "business as usual". |
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02-23-2022, 08:02 PM | #59 |
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$25K, typo indeed...
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02-23-2022, 09:39 PM | #60 | |
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And, for the record, companies are not trying to "neutralize" anything. Someone has to pay for the wage increases. I don't know if you've ever owned a business, but rest assured, labor is the #1 cost and, generally, there isn't a whole lot of profit to cover massive, across the board, pay raises. Unfortunately, prices HAVE TO go up. The government, thru the generous unemployment benefits (that BTW has caused business unemployment tax rates to go up) are really a de facto minimum wage increase which has circumvented Congress.
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02-23-2022, 10:13 PM | #61 | ||
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If a business owner can't afford to pay living wages to their workers then they don't have any business being in business. And lol@ "generous unemployment benefits", I bet if you asked those claiming unemployment insurance if they'd rather be working, they'd tell you yes. I tend to look at Costco as an example of a company that does right by its employees. The CEO doesn't pay himself obscenely large amounts of money and pays their workers an actual living wage. The problem we tend to run into is that we are ok with idolizing greed when we should be treating it the same way we treat any type of gluttonous behavior. But back to the thread, based on what I'm seeing out of a lot of posts, it seems like a lot of people wouldn't like pure capitalism if we lived in a pure capitalist society. Quote:
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02-23-2022, 10:30 PM | #62 | |
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Here is Milton Freidman explaining money and inflation.
That being said "a living wage"? Or living within your means? I owe you nothing. It's your responsibility to earn a living.
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02-23-2022, 10:31 PM | #63 |
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02-23-2022, 10:55 PM | #64 |
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Im not shedding a tear for any of them. Consider all the junk 4 cylinder "Cross over suv" eggs they had sitting years on the lots. All manufacturers had all this crap that should have had 6 cyl engines and would almost be cool with a small 8... But in pursuing CAFE averages they put 4s in and built toaster ovens no one would buy.
Im thinking they moved every single worthless one of those clunkers for a nice profit while the shelves were otherwise bare. We had been leasing my wifes car for 3 vehicles in a row from Infinity. All wheel drive sporty cars as a commuter for her that would be capable in any weather. A 4 door sedan, 6 cyl.a 2 door coup. 6 cyl. and a small SUV 6. The cars were great rear drive dominant relatively powerful cars. The SUV was front wheel dominant and it was a squirrel as a result. We would have bought another car from them but everything under 60 grand was a 4 cyl. Sorry... not happening. Luckily my wifes commute has changed. So we bought the 2SS vert. Dec. 31 2020 for $7,000 under MSRP. Now my wife understands why I hate under powered vehicles and front wheel drive. With the market this way... no one who has any choice should buy anything other than necessities. Camaros and Vettes are not.
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02-23-2022, 11:22 PM | #65 |
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As for gas producers.... Im sure the $100/bbl oil is good for profit compared to the $40/bbl of 18 months ago.
As for NG... lack of pipelines causes high prices where pipelines do not exsist. As for unemployment bennies. I know several restaurant owners who lost most of their wait staff during mandatory shut downs. I know of many local businesses which have failed. I know the restaurants wait staff is different and they lost them due to the mandatory shut downs. And they claim the former employees refused to return due to it paying better to stay home. Although I believe those bennies have run out now. We have mom in a nursing home. Understaffing has altered the field. It seems underpaid overworked staff didnt want a mandatory spike so that was the last straw. Now dramatic understaffing is the result. Then theres printing money. All of this is political. These are not market driven issues. Its pathetic leadership from top to bottom. government and corporations. They continue to thrive while the public falls behind. The only thing I can say is dont pay inflated prices for crap you can do without. And look at the results of elections and vote accordingly. All this crap is being done. Its not just happening. And if you fault capitalism you are not paying attention. Its a coordination between authoritarian government and certain large corporations.
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02-23-2022, 11:44 PM | #66 | |
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And, as it was argued by someone else, it is the same mantra we all have selling our cars to the dealers. I never understood all these people who say, "the 1% is greedy and has all the money and we should take it from them and give it to the poor". But somehow, they aren't greedy (and jealous) for wanting to take another's money.
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02-24-2022, 12:59 AM | #67 | |
Drives: 2018 Camaro SS Join Date: Jan 2021
Location: Washington
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New car dealers….. no they can’t. Not enough inventory and if your not selling new ones then no ones trading in old ones. I don’t know what all dealers make at MSRP but most cars don’t have over 2k in profit. They make most money of residuals from manufacturers which have triggers by amount of vehicles you sell….. which they can’t hit….. because low inventory. My local chevy dealer is only afloat due to service department and auto repair…. Sent from my iPhone using Tapatalk |
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02-24-2022, 01:09 AM | #68 | |
Drives: 2018 Camaro SS Join Date: Jan 2021
Location: Washington
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And i’m sure these dealer would listen to Chevy if they could fill there orders so the could meet volume needs….. but they can’t. Is chevy giving those dealer ships there residuals they’d normally receive for the number of cars they would sell if chevy could supply them….. probably not… So telling them to sell the cars they can get them at the price they set….. but not incentivize them to do so but also not fill there orders just ain’t cutting the mustard. Sent from my iPhone using Tapatalk |
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02-24-2022, 01:17 AM | #69 |
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Customized my early Lightning reservation on Ford.com for $42k and paid a $500 deposit. The next day the dealer wants me to sign for $10,000k over and apparently Ford can't change dealers once you order. They literally can't do anything and will tell you to cancel your order through the dealer or abide by the dealer. Terrible customer service. Fortunately I have an early Silverado reservation through a reputable dealer.
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02-24-2022, 08:14 AM | #70 | |
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