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Smart Shopper Edmunds Pricing & TMV
111 messages, Last post on Jul 07, 2009 at 7:13 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: biancar (Jul 23, 2006 3:55 pm) My thoughts on the TMV system is that either there is a significant bit of error in their system first of all. Secondly I wonder how wide a area they take into account. The Land Rover dealer in the far southern corner of the state near the New York border gives their cars away. They are a very large dealer and have a lot of competition from the city and long island dealers so they have to compete. I know from talking to people that at least for LR3's they normaly start at just a bit above invoice. Now if their program takes into account all sales within say a 100 mile radius of a zipcode with no regards to any other demographic or geographic data then maybe the number shake out properly. It is only about 70 miles as the crow flies from my dealership to the far southern part of CT but over the roads it is over a 100 miles and takes a couple of hours. Your choices are go over back roads and take forever limping threw tiny towns or go down 95 and deal with the massive New York traffic. |
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Replying to: british_rover (Jul 23, 2006 6:11 pm)
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Replying to: grutza (Jul 23, 2006 6:44 pm) tidester, host
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Replying to: tidester (Jul 23, 2006 7:27 pm) |
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I'm glad Edmunds now advertises their TMV Price includes advertising fees. I think dealerships have used that little loophole at the expense of consumers for a long time.
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Replying to: jipster (Jul 24, 2006 11:06 am) I just checked the TMV price on a car...the link concerning ad fees states that the prices do not include ad fees. |
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Replying to: british_rover (Jul 23, 2006 6:11 pm) For the new cars I use the spreadsheet on carbuyingtips and it comes out within $500 of what edmunds lists as TMV (with options and other fees and any manf to dealer incentives, not with manf to consumer). It actually is lower most of the time, but not by much. Used cars on the other hand I have gotten all kinds of weird results. It may spit out 10k but the dealerships in my zipcode won't even come close to that price. The dealerhsips 50 miles away are advertising lower asking prices than TMV. These can be thousands of dollars too, not just a couple hundred. |
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| I believe TMV is inaccurate on many cars selling above MSRP, becuase the most I have ever seen TMV has been MSRP. Looking at Ebay, I am certain, for instance, the Shelby GT500, is selling above MSRP, but Edmunds still lists tmv at MSRP. I know this isnt the only hot car selling above MSRP, and am wondering how this factors in? | |
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Thanks for the feedback. First time a dealer shifted the prices around on me, I thought maybe it affected his commission. A few days later I started thinking bigger picture (internet price data, etc). When I saw it again, and heard of others with the same experience, it began to seem more like an industry practice. Maybe not (don't want to sound like a conspiracy theorist). I agree that the buyer should make sure the paperwork reflects what was actually negotiated. The buyer should always take the dealer's sob story about "their cost in the vehicle" with a grain of salt. They may show you the actual documentation (i.e. - not a fraud), but the cost numbers on that documentation could very possibly be reflective of the pricing shell game. Thanks again! 
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