First 2024 price increase?

[aldo98229]

Gotta raise the prices some more for the CEO to make a few more million. ?

That is, until sales start dropping.

CEOs get their millions no matter how companies do.

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[LKG]

Gotta raise the prices some more for the CEO to make a few more million. ?

That is, until sales start dropping.

Don't forget CFO, COO, CMO, CTO, CCO, CLO, CBDO, oh and don't forget the share holders. Full disclosure I googled most of the C__'s . ?

 

[LKG]

I had been waiting to order one…just too much going on to focus at the moment…and I was on the configuration last night and I thought it seemed a little more expensive…I guess it is.

then you have to ask yourself…I want a Jeep, do I not get a Jeep because the price went up $750? Or do I just go ahead and get it anyway and pay the extra…

I suppose I will be one of the many who buy it and pay the extra…I am not happy about it. But it won’t keep me from buying it

Stetson

Same here, it took decades for me to get to a place where a new rig was a in the (financial) cards, then another year before I actually pulled the trigger. I have an 8 month old JLUR, it puts a smile on my old mug every time I hop in an push the start button. The thing is, if you're going to buy somethng else, the same s#!t is happening across the board. There doesn't really seem to be a perfect time to make a big purchase.

 

[Cutterone]

I guess I consider myself lucky, have a locked in mortgage at 2.375%, and I have a 2021 Sahara and wife has a 2022 Merc GLB. Lucky because I couldn't even remotely afford my house if I had to buy it now (its worth twice what I paid for it in 2013), and any vehicle I might desire in the future is quickly moving out of my comfort range...I mean the average new car payment is $777 last I checked, how is the average person affording any of this! Stuff is crazy...sorry rant over...

 

[Gfrench440]

I ordered my 2dr Sport S 6-speed the Wednesday before the strike started and then I did a build online the next week to put in with my paperwork. I noticed the price increase. I guess they will honor the invoice that I have. I Already have a VIN.

 

[FLAirgunner]

I just compared our 2 door Willys price to what we paid when we orded back in June. The new price, as configured, only went up $300. I still think the Willys gives the most bang for the buck!

 

[Justin1776]

buy some Stellantis stock, it is undervalued right now and pays a nice dividend.

Preemptively offsetting those upcoming raises ?

(I'm really not for or against the UAW getting a pay increase, but I guaran-f'ing-tee you that it'll be passed directly onto the consumer before Stellantis cuts into their profit margins)

 

[KCSgtMaj]

with this strike, in the end the company is still going to meet their profit margin. Like everything else it is the end user who pays for it. Sadly the workers either don’t care about that or are ignorant to that fact and the investors surely don’t care. The automobile industry has turned itself on their heads, and I believe it is all due to trying to meet the regs and standards set by non elected officials and elected officials. Like the statement from the President, making all vehicles electric by 2035. Those words mean something and the automakers know this.

 

[Stetson]

I ordered my 2dr Sport S 6-speed the Wednesday before the strike started and then I did a build online the next week to put in with my paperwork. I noticed the price increase. I guess they will honor the invoice that I have. I Already have a VIN.

What was the actual increase on your build? Just curious to know. I am looking at ordering a base sport manual…

 

[Gfrench440]

What was the actual increase on your build? Just curious to know. I am looking at ordering a base sport manual…

$300 increase. My total MSRP is $43985 on the invoice and when you build it now it comes to $44285.

 

[Heimkehr]

...the average new car payment is $777 last I checked, how is the average person affording any of this!

My bank offers automotive loan terms of 3, 4, 5, 6, 7 and 10 years. It's those latter few repayment periods that are putting a lot of folks into vehicles that they arguably can't otherwise afford.

On the day I took delivery of my new JLU, and as I waited for my salesman to gather the necessary forms, I watched as a woman walked up to a salesman and asked if she could be put into a vehicle, any vehicle, that would give her some relief from the monthly $750 payment of the BMW that she drove there and wanted to trade. I hope things worked out for her.

 

[Da Capt]

Preemptively offsetting those upcoming raises ?

(I'm really not for or against the UAW getting a pay increase, but I guaran-f'ing-tee you that it'll be passed directly onto the consumer before Stellantis cuts into their profit margins)

Yr correct the company won’t pay the workers the buyers will. That’s how the game goes.

 

[Spank]

My bank offers automotive loan terms of 3, 4, 5, 6, 7 and 10 years. It's those latter few repayment periods that are putting a lot of folks into vehicles that they arguably can't otherwise afford.

Yup, and I argue this is ultimately what is driving up car prices more than "part shortages" or strikes or EVs.

I'm still seeing people driving around in new $80k SUVs with temp tags that are a year expired.

 

[Heimkehr]

Yup, and I argue this is ultimately what is driving up car prices more than "part shortages" or strikes or EVs.

I'm still seeing people driving around in new $80k SUVs with temp tags that are a year expired.

I paid cash for my Jeep, so loan terms, interest rates and the rest aren't usually on my radar.

My curiosity here was piqued as I began to observe the sheer number of young drivers and/or families being ferried about in premium SUVs and trucks, similar to what you suggest. That generous loan terms make this possible was essentially confirmed by my salesman (who was surprised that I was just going to write a check and be done with it.)

He said that a majority of customers "are buying a payment", and base their purchase decisions on the number that will be evident on the monthly coupon. If they want more vehicle, the loan term is simply pushed out another year or three. Now, that's their business and not mine; I'm just passing on what someone on the inside has mentioned in regards to the subject.

 

[Spank]

I paid cash for my Jeep, so loan terms, interest rates and the rest aren't usually on my radar.

My curiosity here was piqued as I began to observe the sheer number of young drivers and/or families being ferried about in premium SUVs and trucks, similar to what you suggest. That generous loan terms make this possible was essentially confirmed by my salesman (who was surprised that I was just going to write a check and be done with it.)

He said that a majority of customers "are buying a payment", and base their purchase decisions on the number that will be evident on the monthly coupon. If they want more vehicle, the loan term is simply pushed out another year or three. Now, that's their business and not mine; I'm just passing on what someone on the inside has mentioned in regards to the subject.

Yeah. It's almost a mirror of the late '00s housing bubble, except people who clearly shouldn't qualify for a huge auto loan do by shrinking the payments via giving you more of them. Granted, this isn't a new tactic, but they've stretched the holy hell out of it. That being said, I can't imagine having any kind of lengthy loan on vehicles that are technically becoming as disposable as a phone or laptop.

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