This is an interesting article about inflationary warnings and a perspective on outlooks.
https://apple.news/ANloSV_2FSkeUlhgXZmPNIA
Making my new SA build come true!!!
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This is an interesting article about inflationary warnings and a perspective on outlooks.
https://apple.news/ANloSV_2FSkeUlhgXZmPNIA
Making my new SA build come true!!!
The Feds expect to increase interest rates four times this year so expect to pay higher loan rates. Somehow they think that will slow inflation. It hasn't in the past.
Bringing this back up to gather any feedback. I got the call from my dealer today up here in Canada asking for more cash.
I had a suspicion things would be headed this way back in October, so I pushed the sales rep hard on locking in a price, signing a bill of sale and giving the $15K downpayment to lock in a build spot.
It's only a 4% increase on my Supra SA...but the principal behind it really frustrates me. Any advice, I clearly still want the boat...but doesnt feel fair that the dealer's oversight on taking my money, offering a price on a signed bill of sale, and then coming back 4 months later feels fair as a consumer.
My tactic would be along the lines of:Quote:
Originally Posted by jcredible
"This is certainly not going to be my last new boat purchase, (17 mondo, 19, mojo, 22 SA, I see a pattern) but if this is the way you treat your customers after coming to an agreement then this will most certainly be my last new boat purchase from you. You can either screw me out of 5k today or you can make 50 over the next few years when I upgrade, your call."
They have the margin to cover it, whether they will or not is unknown. There are probably other people who would pay for your build slot unfortunately the market sucks for buyers at the moment.
I agree with this approach. My best estimate is that dealers have 30-35% margin on a Supra, not exactly sure on a Moomba.Quote:
Originally Posted by SONIC
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I think in 2022 they adjusted Moomba number to have a bigger gap b/c Supra and Moomba were so different. Not sure of the exact numbers. But it was done to help the dealers.Quote:
Originally Posted by larry_arizona
Agree with SONIC.Quote:
Originally Posted by jcredible
15k is a good some of money for a down payment.
Social media has a mixed bag. Some dealer are honoring the PO and eating the difference. Some are getting the Customer to pay the difference. Guess it depends on volume and build dates. Sort of a split year in 2022:
* AUG to End-JAN has one price this year
* FEB to JULY has the add'l increase.
Are you set on a 22?
Can you get a deposit back OR want to find a 21 out of state with warranty at a decent price? Decent price is hard to find. Plus the Dealer probably would not be too happy with Warranty work when they did not sell the boat.
Doing rough math on what a dealer makes on SC product…..
If a dealer sells 10 Supras and 20 moombas.
10 Supras at appx $30k profit $300k
20 moombas at appx $20k profit $400k
$700k doesn’t seem to be that much.
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Quick Update for anyone interested. Chatted with my dealer and agreed to split the surcharge.
I think Consumer Protection Act actually protects me from this in Canada if I really wanted to push it...but feel splitting it feels fair to both me and dealer with joint accountability.
Sounds like you and the dealer are both being reasonable in this situation and trying to come to a common ground in everyone's interest. If both you and the dealer are ok with the final pricing and surcharge/split it sounds like the situation was a win for both. Enjoy your new boat. Hope it all continues to work out well for you.
I think that is a pretty small dealer. The Dfw dealer sells way more units than that plus the service work adds up.Quote:
Originally Posted by larry_arizona
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Perhaps my dealer is small compared to the big boys like Premier, Rinkers and pro wake.Quote:
Originally Posted by russellsmojo
My point was dealer profits on SC product are not crazy high.
My dealer probably makes most their money on high volume pontoon sales.
I know the owner is not hurting for money.
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Service can add up a lot to boost the bottom line. There are consultants that can tell you the equation based on sales, number of work bays, etc., how big the margin and dollars for the basic service items: oil changes, tune ups, trailer repair, etc.
Granted if the dealers can find mechanics. And if they are good with trouble-shooting electronics.
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When I worked in ccar dealers , service department carried the whole dealership and that was the way it went. We paid all the bills essentially, made the most profit, and parts dept and sales were like added bonuses. In a boat dealer I would imagine its much the same except,They have service wait times that are unheard of in the auto industry, and parts costs are through the roof. 700k of dealer profit for putting you in a boat is pretty good IMO. Service and parts will make up for the rest.
The service wait times for boats is something I have never understood. Why do you have a shop that is so undersized that you can only manage to take care of your customers in 3-4 weeks. If you had a bigger shop, wouldn't you be able to charge a premium by getting people in and out in under a week? Seems like there is a massive available backlog, but I guess the winter months become slim pickings. There has to be a better way though.Quote:
Originally Posted by Mxmark4
Went by the dealer today and still at a 4 week wait for service. Its a good thing I dont drive this boat for a living cause waiting that long would suck. Still waiting on a tower light that was ordered in August when I purchased the boat. Supply chain holds up some of the work in our current situation Im sure but to be 4 weeks out in the slow time of year looks to be a busy spring summer for them. P