UK Price Rise

[sparkymark75]

Legacy auto dream about 5% margin let alone 30%… what kind of margin are we taking about..?!

 

[SpareHeadOne]

Legacy auto dream about 5% margin let alone 30%… what kind of margin are we taking about..?!

You're kidding, right?

I got 25% off list on the last ICE I bought and I know they still made money because they accidentally mixed some of the internal paperwork in with mine and I saw the figures. Salesman got £350 commission too.

I suppose that technically you are correct since they rarely sell cars at full price, but I'm pretty sure they normally make 10-20%.

 

[NewbieT]

June 2021: Net profit margins.

GM 8.3%

Ford 2.1%

Nissan 5.7%

 

[SpareHeadOne]

Aren't those figures for the business as a whole? (Difficult to say without the source)

The original supposition was margin per vehicle.

 

[Bobly]

Some posts here talking about gross margin and some reference net margin. Quite a big difference.

 

[Mrklaw]

What’s the rumour about the bigger battery?

 

[raymondotango]

What’s the rumour about the bigger battery?

That it has a bigger battery.

 

[Mrklaw]

That it has a bigger battery.

Lol just saw the thread

If I could live without a car for a while I might be tempted to sell mine for almost list and get in a queue

 

[BarryW]

Still saving up, and this bloomin' happens doesn't it. Feels like my dream is just even further away now than ever. This sucks so much.

 

[candida]

Lol just saw the thread

If I could live without a car for a while I might be tempted to sell mine for almost list and get in a queue

Ive just had a series of trade in offers higher than WBAC, Motorway and the price I paid a year ago for an M3P. Not much higher, but still. Huge demand for Teslas

 

[Jason71]

Ive just had a series of trade in offers higher than WBAC, Motorway and the price I paid a year ago for an M3P. Not much higher, but still. Huge demand for Teslas

trade in against what?

 

[Yev000]

And or maybe because Hertz bought up half the SR+ output for the next year so they are supply constrained

Hertz got 100k cars, thats 1 month output...

But yes demand is very high in any case.

 

[HenryT]

Hertz got 100k cars, thats 1 month output...

... or less when Berlin/Texas are producing.

 

[MrT3]

Hertz got 100k cars, thats 1 month output...

But yes demand is very high in any case.

Tesla produced 228,882 Model 3 & Ys in the last quarter (their best ever). That is 76k per month. More models Ys are being produced compared to 3s but even if equal that is 38k for M3 and the LR sells way more than 50% of all M3s. So Hertz has got at least 6 months SR+ cars, if not 9 to 12 months.

 

[bobbychariot]

Some posts here talking about gross margin and some reference net margin. Quite a big difference.

True, it would be interesting to see the net margin for Tesla.

 

[Bobly]

True, it would be interesting to see the net margin for Tesla.

 

[Raj_G]

Looks like the model 3 long range price has very recently gone up to 55k so now same price as the y

 

[Durzel]

The LR to P price delta is at least sane now.