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Dealer raise some car prices after Japan Crises
In summary, the Yahoo! Finance article states that the crisis in Japan is expected to slow car production and shipment. Dealers are charging sticker price for their vehicles. The article states that the price increase "will last weeks if not months" (Associated Press par. 4). I was surprised to find out that customers hardly ever pay sticker price for cars, especially small and hybrid vehicles. Now, that won't be possible due to the expected high demand and low supply. There won't even be room for negotiation.
Not only do companies around the block effect our everyday lives, but so do corporations on the other side of the world. For current car shoppers, this will be the toughest time to find a deal and there won't be much room for negotiation. But not only car shoppers will be effected. For us who already own Japanese-manufactured cars may be effected if anything happens where we need to import parts for repair of our vehicles. Keep in mind everything that happens around you, even when it's across the ocean. You never know how much it will effect you, no matter how far away.
Molly McAfee
Works Cited
Associated Press. "Dealers Raise Some Car Prices after Japan Crisis - Yahoo! Finance."Yahoo! Finance - Business Finance, Stock Market, Quotes, News. 17 Mar. 2011. Web. 17 Mar. 2011.
<http://finance.yahoo.com/news/Dealers-raise-some-car-prices-apf-2312869891.html?x=0>.
Dear Molly,
ReplyDeleteI liked the subject of your blog this week very much. Cars are a part of our daily lives, and we always come in contact with them no matter what we do. After seeing what Japan has been through lately, it saddens me that they are left with nothing and the Japanese car industry is jacking up their car prices because they have to in order to get money for these Japanese people affected by these natural disasters.
I related to the statement when you stated; "For current car shoppers, this will be the toughest time to find a deal and there won't be much room for negotiation." I myself am in the process of looking for a new car, and in this economy it is really hard to find a car that will be durable, fuel efficient, and affordable in these hard economic times. It's especially hard when you are a broke college student, like myself.
"Since the devastating earthquake followed by a deadly tsunami, car dealers have raised car prices." I understand that they have to raise the car prices in order to make money, but it really puts a strain on the average person. Cars are things that everyone has, and most likely needs in order to get around places and madatory to live your life. Even though there are natural disasters happening around the world, corporations can still benefit from these when people are suffering. It's sickening to think about, but in the end, the truth hurts, that's why we call it the ugly truth I guess.
This weeks blog was legit and totally current, which is why I love coming back to read your blog. Keep up the good work, and I can't wait to come back to see what you come up with next!
Sincerely,
Goldfinch<3
Dear Molly,
ReplyDeleteI really liked the subject of your blog because I myself own a Scion, which is a brand that Toyota makes, and my dad works at a Toyota dealership. It's crazy how a natural disaster can occur across the world and it still affects citizen's in other countries as well.
"Not only do companies around the block effect our everyday lives, but so do corporations on the other side of the world." This is very true, considering nowadays Americans get so many things imported from overseas. It's hard to find a product these days that aren't made in China or Japan that we use every day.
"You never know how much it will effect you, no matter how far away." I fully agree with this statement. America imports and exports things to other countries daily. Who knows how a disaster in another country could affect others across the globe.
Thank you for writing this great post. It's an eye opener for anyone that had no idea what the effects from the earthquake in Japan could have on their lives. I love reading your blogs and I will definitely be back to read more. :)
Bunting
Dear Molly’s Shop Around the Corner:
ReplyDeleteI was very surprised by your article. I have learned all about Japan’s earthquake and tsunami disasters but didn’t expect that to have such a big impact on the auto market. With gas prices raising excessively I don’t think the United States economy will be able to handle increasing auto prices as well, it just seems like it would be too much for us to withstand without a big fall out.
I was surprised by the statement in the Yahoo article that said “Car buyers rarely pay sticker price, also known as the MSRP or Manufacturer's Suggested Retail Price. Companies typically offer discounts of a few hundred to a few thousand dollars off the MSRP. Many also provide low-rate financing.” I had never realized that the price advertised on most cars is not what you would typically pay when all is said and done. Learning this makes me wonder if we negotiate auto prices we should be able to negotiate our gas prices also.
Another interesting portion of your article was in that “The price increases "will last weeks, if not months," says Jesse Toprak, vice president of industry trends and insights for TrueCar.com, a website that tracks what cars sell for at dealerships.” This was interesting to me because I wouldn’t have thought that Japan would be affected as much as they were from these incidents.
I'm glad to learn this information and I really enjoyed reading your post and expect many more great topics to follow. Keep up the good work.
Dear Molly,
ReplyDeleteI never thought about the overseas disasters causing our prices to rise. It's just not something that is brought to the surface, but that definitely blows for people in the market for cars right now. Dealerships are out to make money so if they get the chance to charge more they're going to jump at it.
I liked how you pointed out about the car sticker prices and they usually weren't sold for that price. I always thought that that was the minimum price they could go, so it's good that they can go lower, but not when dealers are taking advantage of the market.
I agree with you when you were talking about having to buy a new car right now would be the wrong time completely. Especially, thinking that even mere repair parts could cost more because of overseas disasters is crazy.
I really like the way you attack your blog's. Nice Work.
Grackle.