There is definitely a contractual agreement that dealers follow Ineos pricing, which includes no market based adjustments. Everyone pays sticker in the U.S.there might be some arrangement between ineos and the dealers (US) that have them hogtied. One dealer I spoke to said that most of the people coming in the showroom are there because they have a car (different brand) being serviced and are killing time. This dealer had several ready to go but little interest. Inventory building, end of the cycle yet dealer unwilling to negotiate. Maybe one of the dealers that follow the board can comment.
Ineos has said that they can't actually enforce dealers to sell at MSRP in the US; in fact for most of last year the reply from IA was that while the reservation sales would be at MSRP, after that it would be up to the dealer to react with the marketThere is definitely a contractual agreement that dealers follow Ineos pricing, which includes no market based adjustments. Everyone pays sticker in the U.S.
They are running 2.9% for 60 months currently as well, until the end of JulyThe only incentive being offered in the U.S. is on aftermarket parts and accessories. There are no discounts on new models and, in fact, there is a scheduled price increase on 2025 models.
You are seeing similar financing deals coming from other manufacturers. I say keep ot rolling until the end of year so I can get jn on it.They are running 2.9% for 60 months currently as well, until the end of July
I got 2.9% from the dealer. That's a nice chunk in interest, and it keeps Ineos from cutting the price, starting a deflationary spiral where people wait, showing losses in the model year, killing resale, bad press, etc. You may be waiting until later winter for them to dump '24's. In which case it may the ones inexplicably ordered sans lockers. As much as I like the truck with lockers, I would hate it without.The only incentive being offered in the U.S. is on aftermarket parts and accessories. There are no discounts on new models and, in fact, there is a scheduled price increase on 2025 models.
Wait, did you finally pull the trigger?I got 2.9% from the dealer. That's a nice chunk in interest, and it keeps Ineos from cutting the price, starting a deflationary spiral where people wait, showing losses in the model year, killing resale, bad press, etc. You may be waiting until later winter for them to dump '24's. In which case it may the ones inexplicably ordered sans lockers. As much as I like the truck with lockers, I would hate it without.
Yea... and at 500 miles my drivers side door handle is so jacked, the window wont go down all the way, the door wont latch unless its up, it unlatches if unlocked and you lower the window as far as it can go, once locked, it can't be opened from the outside... yea... I bought it alright... waiting on word for shipping it back for repairs. That's not just an inconvenience, its a life safety issue.Wait, did you finally pull the trigger?
Are you sure about this? I haven't heard from any of the dealers about their arrangements with Ineos yet.There is definitely a contractual agreement that dealers follow Ineos pricing, which includes no market based adjustments. Everyone pays sticker in the U.S.
Are you sure about this? I haven't heard from any of the dealers about their arrangements with Ineos yet.
I don't know who "owns" the vehicles in the dealer lots. Since Ineos doesn't have a large laydown/storage lot in the US, they may have negotiated with the dealers that Ineos maintains ownership of the vehicles until they are actually sold (just guessing). So if that's the case, the dealers are just acting as a warehouse for Ineos and those unsold units don't really cost the dealers anything (other than parking lot space). In that case they don't have the same financial pressure to get rid of inventory that a traditional dealer might have. But again that is pure speculation on my part.
Interestingly (to me), I thought that manufacturers putting limitations on what price a dealer can sell a vehicle for were against anti-trust laws (because there are tons of forum posts where internet experts tell you that), but at least on a Federal level, that is not actually the case. This FTC article says in relevant part:
"If a manufacturer, on its own, adopts a policy regarding a desired level of prices, the law allows the manufacturer to deal only with retailers who agree to that policy. A manufacturer also may stop dealing with a retailer that does not follow its resale price policy. That is, a manufacturer can implement a dealer policy on a "take it or leave it" basis.
Limitations on how or where a dealer may sell a product (that is, customer or territory restrictions) are generally legal — if they are imposed by a manufacturer acting on its own. These agreements may result in better sales efforts and service in the dealer's assigned area, and, as a result, more competition with other brands."
It seems though that some states might have laws that prohibit this.