At what point is it best to simply wait for the '23 models?

[tk_]

My wife and I have recently entered the wild world of the Telluride market (see: roller coaster). I've talked to ~5-6 dealerships in the past 24 hours – from 15k markups (an EX with an MSRP of 41k being sold for 56k), declination of ordering, to obviously 6 month + wait times on orders.

I find myself asking, "If I were to find a dealer who can order me a Telluride at MSRP, but it takes 6 months from now to get – 2023 models should be close to being on the market by that point, should I simply wait?"

That being said:

• How much MSRP markup are we expecting from the '23 Telluride models? I believe the 2022 mark-up was roughly 1200 (or somewhere in that region), if I'm correct.
• Will dealerships put insane mark-ups beyond the MSRP on these new models as well?
• How many of the new models will hit the dealerships when they're released?
• Will we be able to order them prior to release?

 

[Ferg42995]

I don't know that any of us can definitively answer your questions but I assume the process of waiting, markups, limited dealership at MSRP, etc. will not be any different just because the model year changes. Demand is demand and supply/chip/labor shortages are supply/chip/labor shortages no matter what model year. Will it cost more? I would imagine it likely will but can't know for certain. But I am sure that unless something catastrophic happens to the world economy, interest rates will be higher if you plan to take a loan for it. The Fed hinted today they plan to raise them in March. How many more times might they raise it in the future? I don't know but they won't stay this low

 

[tk_]

I don't know that any of us can definitively answer your questions but I assume the process of waiting, markups, limited dealership at MSRP, etc. will not be any different just because the model year changes. Demand is demand and supply/chip/labor shortages are supply/chip/labor shortages no matter what model year. Will it cost more? I would imagine it likely will but can't know for certain. But I am sure that unless something catastrophic happens to the world economy, interest rates will be higher if you plan to take a loan for it. The Fed hinted today they plan to raise them in March. How many more times might they raise it in the future? I don't know but they won't stay this low

Thanks for replying.

I was thinking that perhaps the flood of new Tellurides hitting the market could suffice to get the prices lowered some. I suspect when a new model comes they have an absolute crap-load of inventory they unload.

We'll see with what happens on the interest rates, if they go up – I suspect we might see the prices of cars level out some as well.

 

[arattle]

Thanks for replying.

I was thinking that perhaps the flood of new Tellurides hitting the market could suffice to get the prices lowered some. I suspect when a new model comes they have an absolute crap-load of inventory they unload.

We'll see with what happens on the interest rates, if they go up – I suspect we might see the prices of cars level out some as well.

Are you suggesting they're not running their West Point factory at full capacity? They are. They can't crank out more Tellurides than they are now, and they're selling months before hitting the lot. If you think that this will change in six months, then go ahead and wait. More likely, if you ordered today, you will not only get a '23, you'll get it well after the model year changeover.

In the past, the changeover happened around May/June. At this rate, only the highest volume dealers may get your order delivered by that time frame. You're looking at an average six-month wait, depending on dealer.

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[tk_]

Are you suggesting they're not running their West Point factory at full capacity? They are. They can't crank out more Tellurides than they are now, and they're selling months before hitting the lot. If you think that this will change in six months, then go ahead and wait. More likely, if you ordered today, you will not only get a '23, you'll get it well after the model year changeover.

In the past, the changeover happened around May/June. At this rate, only the highest volume dealers may get your order delivered by that time frame. You're looking at an average six-month wait, depending on dealer.

I’m just suggesting that if they’re going to release ‘23 models, there probably needs to be actual vehicles to give to the dealerships.

Are you saying there won’t be a large inventory f vehicles sent to dealerships of the new model? Isn’t that typical every year?

 

[Deleter]

I’m just suggesting that if they’re going to release ‘23 models, there probably needs to be actual vehicles to give to the dealerships.

Are you saying there won’t be a large inventory f vehicles sent to dealerships of the new model? Isn’t that typical every year?

My opinion only...NO, there won't be a large inventory of 2023 Tellurides sent to dealers. Supply has not met demand since the Telluride was introduced. Any dealership with Tellurides sitting on their lot are charging insane "market adjustments", IMO. Who would pay that? Not me, but LOTS of people do. SMH. If you think you're going to walk onto a car lot & browse an ample supply of Tellurides in a variety of colors & configurations, well...You've got another thing coming. Really, this applies to any vehicle in current times.

 

[tk_]

My opinion only...NO, there won't be a large inventory of 2023 Tellurides sent to dealers. Supply has not met demand since the Telluride was introduced. Any dealership with Tellurides sitting on their lot are charging insane "market adjustments", IMO. Who would pay that? Not me, but LOTS of people do. SMH. If you think you're going to walk onto a car lot & browse an ample supply of Tellurides in a variety of colors & configurations, well...You've got another thing coming. Really, this applies to any vehicle in current times.

If you’ll notice, I posed most of it as a question – because obviously none of us know.

Typically inventories of new vehicles are sent to dealerships – right? As far as I know, this is still happening. I don’t think it’s a total foregone conclusion that there won’t be 2023 inventory sent out, but I’m open to the idea.

Reread my original post, it’s all questions seeking answers.

 

[Los]

I placed an order last week and was already told it maybe a 2023. Other people are posting the same with January orders.

IMO 6-8 months is not a long enough time for things to change, especially for popular models. My rep hasn’t had a Telly sitting on the lot for 3 years. I was considering an Outback Wilderness and the outcome is the same. If I want a Wilderness from my local dealer at MSRP, I have to order one. Will we see online reviews for 2023 Tellys this summer? Sure. I don’t think you will see the ‘on hand’ inventory levels at dealerships later this year like before COVID. Hoping I am wrong though.

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[arattle]

If you’ll notice, I posed most of it as a question – because obviously none of us know.

Typically inventories of new vehicles are sent to dealerships – right? As far as I know, this is still happening. I don’t think it’s a total foregone conclusion that there won’t be 2023 inventory sent out, but I’m open to the idea.

Reread my original post, it’s all questions seeking answers.

The factory is running at capacity. They will continue to run at capacity after the model year switchover. They're almost 100% fulfilling customer orders at this point, so there is not extra capacity for them to make extra cars for dealer lots to stock them this summer. They would love to do that, but every Telluride is sold before it hits the lot. If you think this is going to change in six months or a year - I guess anything is possible. For all we know they'll raise the MSRP by 25k this summer and there will be plenty of Tellurides sitting around. Or more likely, things will continue as they are, with almost every new car dealer in the country sitting with empty lots and prices below MSRP a warm, fuzzy memory.

If you want a '23, you can safely order by March at even the highest volume dealers. If your preferred dealer isn't super high volume, you can order now and as long as it's built after May, it'll be a '23.

 

[Ferg42995]

Just saw this article and thought I'd share as it may help you in your search for answers as to whether cars will be in less demand or more supply might be available. They don't see the supply chain problem with chips getting better any time soon. Some manufacturers have less than 5 days' supply of computer chips, Commerce Department warns

 

[Seated_Heats]

I’m just suggesting that if they’re going to release ‘23 models, there probably needs to be actual vehicles to give to the dealerships.

Are you saying there won’t be a large inventory f vehicles sent to dealerships of the new model? Isn’t that typical every year?

I doubt it. I just ordered one and the dealer said there’s a 90% chance it’ll end up being a 2023. Orders will likely take precedence to a bulk delivery to dealerships.

 

[tk_]

I doubt it. I just ordered one and the dealer said there’s a 90% chance it’ll end up being a 2023. Orders will likely take precedence to a bulk delivery to dealerships.

Which dealer did you go through?

I ordered about a week ago and talked to both Fowler and Gossett and both of them didn't think we were quite at the threshold where most folks would be getting '23 models yet if they ordered.

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[Seated_Heats]

Which dealer did you go through?

I ordered about a week ago and talked to both Fowler and Gossett and both of them didn't think we were quite at the threshold where most folks would be getting '23 models yet if they ordered.

Lou Fusz KIA.

 

[tk_]

Lou Fusz KIA.

I wonder if it's a product of how far down the line you might be when you order, or – how many orders they have in total that's making them tell you that.

 

[diggingben]

Thanks for replying.

I was thinking that perhaps the flood of new Tellurides hitting the market could suffice to get the prices lowered some. I suspect when a new model comes they have an absolute crap-load of inventory they unload.

We'll see with what happens on the interest rates, if they go up – I suspect we might see the prices of cars level out some as well.

I don't think any dealers will have a large stock of Telluride at any point in the near future anyway. The demand does not seem to be waning at all.

 

[Wolfgray05]

The Georgia plant started building the 23 sportage so that may lead to lower production of the other models.

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