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Smart Shopper Edmunds Pricing & TMV
114 messages, Last post on Nov 12, 2009 at 10:44 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Today I ran a car I had seen in an ad through Edmunds, KBB and NADA just to see how close I came to the asking price. Here's my results. Asking price: $13995. TMV: $11000 KBB: $14000 NADA: $13000. Quite a spread. No wonder dealers are using KBB to set their retail price these days. Of course in my area we often see prices of KBB plus 2K. |
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I have been tracking a couple of cars on Edmunds TMV mainly to see how the rebates increase during the year. Usually as time passes the rebates increase and the "National Base Price" slowly declines. Yesterday I checked one of my cars and found that the "National Base Price" had gone up about $450 since the beginning of the month. This leads me to ask two questions: 1.) What would make the National Base Price go HIGHER later in the season? 2.) Why would this price figure go up at the end of the month when we are told all the really fantastic deals are to be had? The cars I'm tracking are mid-priced sport coupes, not rag tops or exotic sports cars.
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Replying to: oldfarmer50 (Sep 26, 2007 6:59 am) It's possible that supplies of a certain model may have tightened and prices have tightened. It can happen towards the end of a model year. In the fall of 2003 BMW was very slow in shipping the 04 5 series cars, and there were next to no 03s left. Also, since the 04s were radically restyled and a lot of people (Myself included) didn't like the redesign, we got something of a run on the 03s. All of a sudden instead of having to dump the "obsolete" cars, we were selling them for about $2,500 over invoice less incentives. At one point we were moving 30 5 series a month, and our supply for the next 45 days or so was about 7 cars. We didn't have to short sell those so the pricing went up on them. The last 2 M5s that we got in 2003 went for MSRP...there were just none left and buyers knew it was their last chance to get a new M5 for 3 years. Supply vs Demand.. the usual. |
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Replying to: oldfarmer50 (Sep 26, 2007 6:59 am) Could it be the plunging dollar which makes it more expensive for manufacturers to buy components from outside the country? tidester, host SUVs and Smart Shopper
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Replying to: tidester (Sep 26, 2007 11:23 am) I figured that he was talking about the base TMV price... MSRPs almost never go up late in a model year. I assume that if, say, Sticker was $22,000 invoice was $19,500 and TMV was, say, $20,100 that he saw TMV go from $20,100 to $20,600. Did I assume correctly or did I gloss over a post and goof up again? Bill
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Replying to: im_brentwood (Sep 26, 2007 11:37 am) Yes you did. Edmunds lists the MSRP and invoice (both of which are unchanged). Next they list "National Base Price" which is usually somewhere between the two. This is the number that went up. This I assume represents the average for sales nationwide not considering any regional factors. Edmunds also include a separate "regional adjustment" which factors in local conditions. I've seen this change from month to month but not by much. They also include "color adjustment" and delivery separately. The total of all these is TMV. BTW, this is for 2008 models I am looking at so I don't think low supply had anything to do with it. Maybe one of you guys on these forums went out and got "clubbed like a baby seal" and skewed the average. 
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Replying to: oldfarmer50 (Sep 26, 2007 3:48 pm) Can't speak to this specific case, but that is one possibility.. regards, kyfdx visiting host |
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Today I was checking TMV for a 2007 car I'm tracking to see if the rebates have increased. Where previously was listed a rebate amount in the TMV calculation it said simply "available". I clicked on this and was shown a list of $500 rebates for special groups such as military or recent grads. The funny thing, on the same page was an advertisement for the same car promoting a $2000 unrestricted rebate. TMV didn't list this. Why would this be?
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Replying to: oldfarmer50 (Nov 09, 2007 1:58 am) 
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Replying to: kirstie_h (Nov 09, 2007 12:50 pm) Thanks, I think I will report it. As for your powers, I hear they are considerable.
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