1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Sign that the Prius market is cooling off?

Discussion in 'Gen 2 Prius Main Forum' started by Soylent, Jan 12, 2007.

  1. Soylent

    Soylent The v isn't a station wagon! It's just big boned

    Joined:
    May 2, 2006
    443
    11
    3
    Location:
    Fort Lauderdale, Florida
    Vehicle:
    2013 Prius v wagon
    Model:
    Three
    I just got this email from the sales guy that sold me my Prius last year.

    I'm surprised... maybe they are getting some kind of rebate or incentive to clear the 2006's?
     
  2. ucsbgaucho

    ucsbgaucho New Member

    Joined:
    Jan 10, 2007
    34
    0
    0
    I've been given a written quote for a 2007 Prius at about $500 below invoice, so I think its a sign of relatively stable gas prices, and more vehicles on the lot. More supply = less demand = more chance to wheel and deal
     
  3. allargon

    allargon Member

    Joined:
    Dec 11, 2006
    113
    1
    0
    Location:
    Austin, TX
    Vehicle:
    2007 Prius
    <div class='quotetop'>QUOTE(ucsbgaucho @ Jan 12 2007, 06:07 PM) [snapback]374936[/snapback]</div>
    What about the Touring models? One guy in Dallas got his at invoice, but I haven't heard of the hotter markets like LA or the Bay Area or even Austin cooling down on those. Do tell as I am curious.
     
  4. sbspurr

    sbspurr New Member

    Joined:
    Dec 29, 2006
    2
    0
    0
    <div class='quotetop'>QUOTE(allargon @ Jan 12 2007, 07:26 PM) [snapback]374946[/snapback]</div>
    <_< In Northern Kentucky, I don't think things have cooled off. When I got my Prius last month, I tried to haggle and haggle but the dealership barely budged. It didn't help that four other people bought them the same day I did!
     
  5. winterrosebudd@mac.com

    [email protected] New Member

    Joined:
    Jul 16, 2006
    28
    0
    0
    Vehicle:
    2007 Prius
    I'm in Los Angeles and I bought my 07 yesterday. There where 5 other people in there buying Pri's and there were no deals. One guy was buying 2! I bought the last touring edition on the lot and I almost had to go lick the handle like that guy in that Volkswagon commercial.
     
  6. rik

    rik Junior Member

    Joined:
    Dec 28, 2006
    29
    0
    0
    <div class='quotetop'>QUOTE(kuki @ Jan 12 2007, 09:24 PM) [snapback]374994[/snapback]</div>
    I just bought a 2007 Touring Edition in Seattle and paid $1000 under MSRP. Most of the other dealers in the area laughed at wanting to pay under MSRP -- one started asking me for a $3000 "market adjustment" above MSRP -- but I just kept calling around until I found Bob Bridge Toyota in Renton who gave me under MSRP with no hesitation.
     
  7. SW03ES

    SW03ES Senior Member

    Joined:
    Dec 8, 2004
    2,480
    176
    0
    Location:
    Gaithersburg, MD
    Vehicle:
    2004 Prius
    A dealer here has 23 Priuses on the lot! With inventory like that, deals have to be made.
     
  8. JoanneR

    JoanneR Member

    Joined:
    Dec 21, 2006
    97
    36
    0
    Vehicle:
    2013 Prius
    Model:
    Three
    "Next Thursday, January 18th, a brand new Earl Stewart TV ad will BLITZ Palm Beach County (includes northern Broward and Martin counties). It features Earl Stewart walking among row after row of Prius and talking about our huge selection. He will also announce that, for a limited time, we will be selling Prius at factory invoice. No Games. No Surprises. No Fees. The first REAL sale in the car business!!!"

    I guess I should have waited longer. I bought one from them two weeks ago. Still waiting for them to arrange for an alignment. They must be busy. :rolleyes:
     
  9. stanleyjohn

    stanleyjohn New Member

    Joined:
    May 21, 2006
    269
    1
    0
    Location:
    Higganum,Ct
    Vehicle:
    2006 Prius
    When i bought my prius in the early summer there were very few around. At one of my local dealerships it was hard to find any on the lot! Today i looked for fun at that same dealerships prius inventory and i found 17 listed OMG!!!.
     
  10. chuperman

    chuperman New Member

    Joined:
    Jan 8, 2007
    11
    0
    0
    Vehicle:
    2007 Prius
    definitely shop around and talk to the internet fleet managers right now. i got mine this past week at 2000 below MSRP and i've heard of even 3000 below now. there shouldn't be any reason to pay MSRP in the southern california area now. there definitely seems to be a surplus of the prius at many of the dealers. probably due to the increase in factory productions and demand adjustment right now.
     
  11. PA

    PA Member

    Joined:
    Aug 9, 2006
    427
    27
    1
    Location:
    Raleigh, NC
    Vehicle:
    2019 Prius
    Model:
    LE
    <div class='quotetop'>QUOTE(Sprague @ Jan 12 2007, 10:43 PM) [snapback]375028[/snapback]</div>
    Market "adjustment" - as if getting full MSRP for it isn't enough ... :angry:
    Glad you didn't fall for it.

    With the full $3150 tax credit, dealers had no incentive to deal, particularly with all the buyers trying to beat the 9/30/06 deadline.
     
  12. Chuck.

    Chuck. Former Honda Enzyte Driver

    Joined:
    Oct 24, 2006
    2,766
    1,510
    0
    Location:
    Lewisville, TX (Dallas area)
    Vehicle:
    2007 Prius
    Model:
    II
    The explaination may simply be the selection of hybrids has expanded. Some of the people that might have bought a Prius might be getting a hybrid Camery instead?

    Plausible?
     
  13. JimN

    JimN Let the games begin!

    Joined:
    Nov 26, 2006
    7,028
    1,116
    0
    Location:
    South Jersey
    Vehicle:
    2010 Prius
    Model:
    V
    <div class='quotetop'>QUOTE(Delta Flyer @ Jan 13 2007, 02:56 PM) [snapback]375212[/snapback]</div>

    I don't think there is just one reason for the change. I believe there were a lot of people like me who accelerated their purchase to qualify for the full tax credit. So here's my list of reasons for the market change.

    1. Expiration of Toyota tax credit
    2. Increased production
    3. Price of gasoline
    3. Increased selection of hybrids

    As I posted earlier, since Uncle Sam was writing the check Toyota didn't have to deal. Now for the buyer to pay the same net amount Toyota has to cut its price. The hybrid market was artificially heated now it is normalizing. The culture shock is that the dealer has to actually work to sell the car now, just like the rest of the inventory.
     
  14. rockefella

    rockefella Junior Member

    Joined:
    Dec 31, 2006
    13
    1
    0
    Location:
    Los Angeles
    Vehicle:
    2014 Prius
    Model:
    Three
    Toyota of Orange near Los Angeles was offering me a Prius at $400 below invoice. Whoever said the LA market for Prius is tight must not be going to Toyota of Orange.

    I bought a 2007 Prius #2 for $200 over invoice at Toyota of Marina Del Rey (before Toyota of Orange told me about their Prius Event)
     
  15. JimN

    JimN Let the games begin!

    Joined:
    Nov 26, 2006
    7,028
    1,116
    0
    Location:
    South Jersey
    Vehicle:
    2010 Prius
    Model:
    V
    Cherry Hill Toyota's website is listing 25 Prii including 1 Touring and is advertizing "$750 off". They also have 2 used. If I were in the market now I wouild start negotiating at invoice, like any other car.
     
  16. Walker1

    Walker1 Empire

    Joined:
    Jan 13, 2006
    911
    6
    0
    Location:
    FL
    Vehicle:
    2014 Prius
    Model:
    Two
     
  17. arcticmac

    arcticmac Junior Member

    Joined:
    Jul 16, 2006
    9
    0
    0
    I haven't been looking around me, but I know that the dealerships in my area were saying last summer (when we bought ours) that they couldn't keep a Prius on the lot more than about 24 hours.
     
  18. poodlemaster

    poodlemaster New Member

    Joined:
    Jan 6, 2007
    43
    1
    0
    my wife and i just purchased a 2007 prius package #2. we paid sticker price for it, but that was actually a great deal. we had a 2006 mazdaspeed6 that we were offered 21,000 for a trade in at one dealership with in mechanicsburg, pa with no discount on prius. we were at one dealership in york, pa where we were offered 19,600 on the trade in with no discount on prius. so, finally i went to a dealership in harrisburg, pa where we were offered 24,000 for our trade in. we were told basically that they seriously discounted the prius for us to get that much for our trade, so i'm thinking we must have gotten btw 2,000 and 3,000 off of the msrp to get that kind of deal. the other 2 high volume toyota dealerships were absolutely unwilling to budge on priuses because they said they have no problem selling them. go figure.
     
  19. galaxee

    galaxee mostly benevolent

    Joined:
    Mar 14, 2005
    9,810
    466
    0
    Location:
    MD
    Vehicle:
    2005 Prius
    where DH works, they still can't keep camry hybrids or hihy's on the lot. but there were about 45 prius sitting around before we left on our trip.

    depends on the allotment that the individual dealer gets, how many they sell, other hybrids available, gas prices, tax credit, all that.
     
  20. scoot

    scoot Member

    Joined:
    Jan 19, 2006
    125
    1
    0
    The Sunday 1/14/2007 LA Times had a dealer (Clairmont Toyota I think) that advertised 2 Prius base models at $4000 under MSRP. That the biggest discount I have ever seen...