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BourbonRunner

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I bathed in baby wipes after writing that…..
Better use chlorox wipes to be sure.

This morning I got an email from a dealer advertising a ‘25 JTMX for $56k. Sticker is 64ish.

so there is that.
 

JTGuy

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Just glad that I am not in the mood or need to sell now. My 22 with all the mods and 23K on it is probably worth a little more than 35K,,,, LOL
 

Speeder757

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The dealers don't own the cars, Stellantis does.

Stellantis sets the floor.

This is why dealers are pissed and having weekly calls with Sr Leadership, other manufacturers have lowered the floor and started moving product, Stellantis has resisted, that's why they have more days on hand and days on lot than most.

They're running up against shutting suppliers down at this point, idling factories, killing shifts, while things sit on lots and don't sell, because you want to make X per unit and won't accept less, isn't sustainable, and they've been at risk of legal action for about a month.

Stellantis will be lowering the floor shortly, allowing dealers to move product, allowing them to fire up the plants.
This entire post is misinformation and has no basis in reality or fact. Once Stellantis wholesales a vehicle to a dealership and transfers the MSO to the dealership then the vehicle is owned by the dealership not the manufacturer. The dealership can decide to sell or not sell the vehicle for whatever price they choose. The manufacturer provides incentives to the consumer or dealership to help move product as it is in the manufacturers best interest to manufacturer and sell as many cars as possible, just as it is in the dealerships best interest to sell as many cars as possible. This is why manufacturers will offer rebates and incentives to help sell more vehicles especially vehicles that are slow sellers then in turn the dealership orders more vehicles from the manufacturer.
 
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Jrgunn5150

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99% of dealer inventory is floorplanned
This entire post is misinformation and has no basis in reality or fact. Once Stellantis wholesales a vehicle to a dealership and transfers the MSO to the dealership then the vehicle is owned by the dealership not the manufacturer. The dealership can decide to sell or not sell the vehicle for whatever price they choose. The manufacturer provides incentives to the consumer or dealership to help move product as it is in the manufacturers best to manufacturer and sell as many cars as possible just as it is in the dealerships best interest to sell as many cars as possible. This is why manufacturers will offer rebates and incentives to help sell more vehicles especially vehicles that are slow sellers.

The dealers typically Floorplan the cars.

No money actually changes hands until the sale.

The manufacturer invoices the dealer, the dealer maintains a line of credit above the value of their lot.

The manufacturer and what they invoice, is the floor.

So sure, the dealer can sell below invoice, and eat it, but why would they do that?

So instead they let them lot rot while they wait for rebates to be offered to get the price down so it can move and they make money.

Which is precisely why I sit on weekly calls and listen to the dealers rant at the executives about when rebates are coming and why aren't they replacing the batteries and all the other lot rot things they're supposed to.

Or, whatever, misinformation, made all that up.
 

MarylandMojave

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Having a floor plan (loan) is irrelevant as to ownership. The dealer owns the vehicles, some have loans on them, some don’t. Just like people on this board, some have loans, some don’t, but they all own the vehicle and make the decision on the amount they will sell it for.

Money 100% changes hands before the sale. The manufacturer gets paid from the dealer, it does not matter where the dealer gets that money, on hand or floor plan loan. When they sell the car they get paid back.

There are 2 sales involved, Manufacturer to Dealer, Dealer to Customer. The manufacturer will put up rebates to move inventory because they can then sell the Dealer (their customer) more vehicles.

Stellantis does not own the vehicles on the lot at all.
 

Rahkmalla

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99% of dealer inventory is floorplanned


The dealers typically Floorplan the cars.

No money actually changes hands until the sale.

The manufacturer invoices the dealer, the dealer maintains a line of credit above the value of their lot.

The manufacturer and what they invoice, is the floor.

So sure, the dealer can sell below invoice, and eat it, but why would they do that?

So instead they let them lot rot while they wait for rebates to be offered to get the price down so it can move and they make money.

Which is precisely why I sit on weekly calls and listen to the dealers rant at the executives about when rebates are coming and why aren't they replacing the batteries and all the other lot rot things they're supposed to.

Or, whatever, misinformation, made all that up.
Considering you're conveniently skipping out mentioning holdback and the fact that many of us here (myself included) bought gladiators more than 3% below invoice when there were no rebates available... yea your info doesn't quite check out. "invoice" is not invoice and everyone with a lick of sense knows it. even "invoice minus holdback" isn't the floor. What about floor plan assistance? Marketing allowance? Internal incentives. There's a dozen reasons why we as consumers will never know the true floor, but back in mid 2022 when supplies were still constrained, plenty of people here bought at 6% under invoice with zero rebates and no tread lightly or financing deals (8% under with both).
 

Speeder757

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99% of dealer inventory is floorplanned


The dealers typically Floorplan the cars.

No money actually changes hands until the sale.

The manufacturer invoices the dealer, the dealer maintains a line of credit above the value of their lot.

The manufacturer and what they invoice, is the floor.

So sure, the dealer can sell below invoice, and eat it, but why would they do that?

So instead they let them lot rot while they wait for rebates to be offered to get the price down so it can move and they make money.

Which is precisely why I sit on weekly calls and listen to the dealers rant at the executives about when rebates are coming and why aren't they replacing the batteries and all the other lot rot things they're supposed to.

Or, whatever, misinformation, made all that up.
Wrong again. Dealers can choose to floorplan vehicles which is a loan on the vehicle taken out with a bank where interest accrues. Regardless of if the dealership pays outright for the car or floorplans it, the dealership still owns it. The manufacturer once sold to the dealership has zero controlling interest in the car whatsoever.
 

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Speeder757

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Having a floor plan (loan) is irrelevant as to ownership. The dealer owns the vehicles, some have loans on them, some don’t. Just like people on this board, some have loans, some don’t, but they all own the vehicle and make the decision on the amount they will sell it for.

Money 100% changes hands before the sale. The manufacturer gets paid from the dealer, it does not matter where the dealer gets that money, on hand or floor plan loan. When they sell the car they get paid back.

There are 2 sales involved, Manufacturer to Dealer, Dealer to Customer. The manufacturer will put up rebates to move inventory because they can then sell the Dealer (their customer) more vehicles.

Stellantis does not own the vehicles on the lot at all.
Exactly!
 

ScottBeach

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I don't know about 33% but I got 26.5% off msrp on a 2024 mojave today. Sticker was 72k. 53k paid before tax tag title.
 

GeneralMaximus

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I don't know about 33% but I got 26.5% off msrp on a 2024 mojave today. Sticker was 72k. 53k paid before tax tag title.
$72k sticker for a Jeep is insane. Tavares should have got the boot a long time ago.
 
 







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