Topic: 2024 EV Ram 1500

[Ontariodriver]

It’s possible things will change but as it is today - $80k to $110k for an EV truck is a bargain given where ICE prices have climbed to…

(All before tax)


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It's the pandemic it has change everything I can't see things coming down regardless if at all. Stupid dealers are charging huge market adjustment nonsense, shortages are good for business says the cynical me.

[ArticSteve]

Dealers aren't jacking anyone in Canada.  They need volume to make a profit and the volume is not there due to a chip shortage.  It's a disaster for all concerned.  The Manufactuers, The Dealers, the Consumer.

[Ontariodriver]

Dealers aren't jacking anyone in Canada.  They need volume to make a profit and the volume is not there due to a chip shortage.  It's a disaster for all concerned.  The Manufactuers, The Dealers, the Consumer.

https://www.cbc.ca/news/business/market-adjustment-fee-car-sales-1.6653676

Dealerships across Canada using loophole to conduct 'extortion' by jacking up prices, says auto expert

Well I'm not really sure what's really true then. 

[PJungnitsch]

Manufacturers are making record profits

https://driving.ca/column/motor-mouth/motor-mouth-automakers-posting-huge-profits-thanks-to-the-pandemic

Can see the dealers having a tough time though

[Layne]

Dealers aren't jacking anyone in Canada.  They need volume to make a profit and the volume is not there due to a chip shortage.  It's a disaster for all concerned.  The Manufactuers, The Dealers, the Consumer.

Massive pre sales and orders.  They will be fine.

[Seafoam]

^^ That 's just a lot of deposits really.

[Layne]

^^ That 's just a lot of deposits really.

Sure.  But it is keeping Dealers in business combined with maintenance requirements.  We aren’t seeing massive bankruptcies in that sector and it is recovering.  Not ideal but also not all doom and gloom.

[Ontariodriver]

Ram announces new tech specs about the 2025 Ram 1500 REV.

https://www.motor1.com/news/660742/2025-ram-1500-rev-range-and-specs/

1500 REV electric pickup truck has been revealed with a range of 500 miles on a single charge, and it can tow up to 14,000 pounds and carry a payload of 2,700 pounds. It has two 250 kW electric drive modules, one for each axle, and is available with two battery options: a standard 168 kWh battery with an estimated range of 350 miles, and an optional 229 kWh pack that provides a range of 500 miles. It supports 800-volt DC fast charging at up to 350 kW and has a power-opening frunk with 15 cubic feet of storage space. The truck also features an active-leveling air suspension with adaptive dampers and a multi-link, independent rear suspension with five selectable modes. To me this sounds like a lot of things that can go wrong, it also sounds expensive. Lol. 

[ArticSteve]

^^ That 's just a lot of deposits really.

Sure.  But it is keeping Dealers in business combined with maintenance requirements.  We aren’t seeing massive bankruptcies in that sector and it is recovering.  Not ideal but also not all doom and gloom.

Don't see how a non binding deposit helps new car dealers.  Not recovering.  Used car inventories and sales are bleak.  Sure, Ford/Nissan dealers are surviving vis-a-vis warranty claims.  Small Nissan dealer from my former life is installing a CVT every week.  Next door at Toyota it's nothing; brake jobs.

Watch AutoCanada.  Year ending 2022 net debt was 1.3 Billion.  Wait till their debt resets.   

[valuator]

^^ That 's just a lot of deposits really.

Sure.  But it is keeping Dealers in business combined with maintenance requirements.  We aren’t seeing massive bankruptcies in that sector and it is recovering.  Not ideal but also not all doom and gloom.

Don't see how a non binding deposit helps new car dealers.  Not recovering.  Used car inventories and sales are bleak.  Sure, Ford/Nissan dealers are surviving vis-a-vis warranty claims.  Small Nissan dealer from my former life is installing a CVT every week.  Next door at Toyota it's nothing; brake jobs.

Watch AutoCanada.  Year ending 2022 net debt was 1.3 Billion.  Wait till their debt resets.

AutoCanada....yeah....I love how they deduct the real estate value from the total debt and then call it "net indebtedness"....and base all their metrics against this figure.  As if they could run their business without the physical buildings.  The loans still exist, guys.