[DONGinsler]

I remember checking prices for the Corolla and base model started at about $19K (Canadian before taxes) and maybe 2 - 3 years ago

Near the end of '22 or so. Base models all canceled and prices started at around $21/$22K for the next model up.

Checking the '23 models. Now they start at about $26K and top out at close to 30k for the current base model with taxes

Rav4 now starts at $35K. About $9K over the base model and $6K over the '22 price

Ouch

Last new car I bought was a Echo hatchback RS for $22500

 

[75aces]

It’s inflated. Wait a little bit.

 

[DONGinsler]

Lot of inflated prices. Driving a Cruz owned by a little old lady. My mothers. Trucked down to Fl. each winter and has only seen snow for the past 4 years. 25,000 miles

Was going to sell it and buy the latest Yaris hatchback (sold my Echo before taking the Cruz), but when they announce Mazda as part of the build. Wasn't going to touch anything Mazda had a hand in building.

Maybe a new Corolla in the next few years if they're not $35K

 

[75aces]

What’s wrong with Mazda? You do realize they’re working with Toyota now?

 

[SupremeCorolla451]

Remember when you could buy a brand new Corolla for ~$15k?

Unfortunately not anymore. However when the 12th gens came out, you could get a sedan for about $19k CAD for the base model which was still very reasonable. Now we're at $26k for a base L model so prices are definitely inflated (doesn't help when the base model and base options were axed for 2023 and don't get me started on markups).

 

[McCarthy1986]

Don't expect the current inflation hike to go negative and bring back old prices. Most countries printed way too much money since the China virus came out. Your dollar is now worth less. The new MSRP prices are the new norm and annual inflation is still pushing well above average. Your only chance is either spending less or generating more income. Economics first semester.

 

[75aces]

You know what’s not normal, people paying for market adjustments on a vehicle that depreciates and is owed more than it’s worth. This kills the economy because those who can no longer afford those payments end up getting the vehicle repossessed.

In the end, we as consumers pay more of the bill versus the government that printed $3T 2 years ago. And only now acting to go after the swindlers and thieves of the PPP all due to saving face.

Let’s not make this a political rant. As it has happened.

 

[McCarthy1986]

You know what’s not normal, people paying for market adjustments on a vehicle that depreciates and is owed more than it’s worth. This kills the economy because those who can no longer afford those payments end up getting the vehicle repossessed.

In the end, we as consumers pay more of the bill versus the government that printed $3T 2 years ago. And only now acting to go after the swindlers and thieves of the PPP all due to saving face.

Let’s not make this a political rant. As it has happened.

Market adjustments are the result of high demand and / or low supply. Has nothing to do with politics.

Market adjustments means, that the job market is doing above average, companies make more profit, workers make more money, pay more income and sale tax, hence tax revenue is higher. Those are not signs of a bad economy.

A rise in MSRP is the result of inflation, not market adjustments.

Market adjustment is now over in many markets. I just bought a 2023 Corolla Hybrid at MSRP, with options worth a couple grand for free, off the lot, not ordered, with zero waiting time.

What remains is the inflation, visible in high MSRPs. Making and delivering a vehicle is now more expensive and that gets moved to the consumer.

Getting your stuff repoed is the result of not adjusting to the inflation and expecting it to go negative, aka being naive. If you don't have multiple income sources, as well as passive income, and constantly grow your income, you will be doomed soon enough.

Imagine owning a 2 billion dollar bill. And only being able to buy one loaf of bread with it. That's exactly what my parents went through in Germany. That's how you learn the meaning and consequences of high inflation / hyper inflation / runaway inflation.

I got a few of those in my collection.

 

[Raincouver]

I bought brand new 2015 rav4 xle 50th edition for $34k Canadian dollars brand new 2023 RAV4 xle is $39k, so that’s around $5k increase over 8 years… which isn’t that much.

 

[Wasp9166]

What’s wrong with Mazda? You do realize they’re working with Toyota now?

Perhaps things have changed,

I have a 2012 2.5 sport hatch

The motor and the bose system are all I can say are decent

The rest of the car is Ford trash


Badge on door says made in Japan

Ford parts all over it

Smh

I hope Toyota isn't pulling this sh now

 

[retiredat444]

Market adjustments are the result of high demand and / or low supply. Has nothing to do with politics.

Market adjustments means, that the job market is doing above average, companies make more profit, workers make more money, pay more income and sale tax, hence tax revenue is higher. Those are not signs of a bad economy.

A rise in MSRP is the result of inflation, not market adjustments.

Market adjustment is now over in many markets. I just bought a 2023 Corolla Hybrid at MSRP, with options worth a couple grand for free, off the lot, not ordered, with zero waiting time.



Imagine owning a 2 billion dollar bill. And only being able to buy one loaf of bread with it. That's exactly what my parents went through in Germany. That's how you learn the meaning and consequences of high inflation / hyper inflation / runaway inflation.

I got a few of those in my collection.

View attachment 415471

I held one of those bills in Germany... many years ago.. it was huge! I never pursed getting one for myself...

 

[DONGinsler]

What’s wrong with Mazda? You do realize they’re working with Toyota now?

I owned a RX7 I bought used back in '84. Owned for 3 years and found out three months after trading the car in that the dealership lied about and did unnecessary repairs.

I called Mazda to file a complaint, was told "to bad" and they hung up the phone. If thats how they act when a customer has a problem. Why would I buy from them again.

I'm guessing enough complaints were filed as the dealership was gone a couple of years later

Any Mazda parts in the Corolla? Check shows the Cross and some new SUV

 

[75aces]

Market adjustments are the result of high demand and / or low supply. Has nothing to do with politics.

Market adjustments means, that the job market is doing above average, companies make more profit, workers make more money, pay more income and sale tax, hence tax revenue is higher. Those are not signs of a bad economy.

A rise in MSRP is the result of inflation, not market adjustments.

Market adjustment is now over in many markets. I just bought a 2023 Corolla Hybrid at MSRP, with options worth a couple grand for free, off the lot, not ordered, with zero waiting time.

What remains is the inflation, visible in high MSRPs. Making and delivering a vehicle is now more expensive and that gets moved to the consumer.

Getting your stuff repoed is the result of not adjusting to the inflation and expecting it to go negative, aka being naive. If you don't have multiple income sources, as well as passive income, and constantly grow your income, you will be doomed soon enough.

Imagine owning a 2 billion dollar bill. And only being able to buy one loaf of bread with it. That's exactly what my parents went through in Germany. That's how you learn the meaning and consequences of high inflation / hyper inflation / runaway inflation.

I got a few of those in my collection.

View attachment 415471

I disagree on the market price adjustment as being the catalyst for supply chain issues. This market adjustment isn’t new. It’s abused for sure. More are just greedy and only want their bottom line to be more profitable.

I am waiting this out as long as possible to buy a new vehicle. When the bottom falls out, the bits will land where they fall.

 

[75aces]

I owned a RX7 I bought used back in '84. Owned for 3 years and found out three months after trading the car in that the dealership lied about and did unnecessary repairs.

I called Mazda to file a complaint, was told "to bad" and they hung up the phone. If thats how they act when a customer has a problem. Why would I buy from them again.

I'm guessing enough complaints were filed as the dealership was gone a couple of years later

Any Mazda parts in the Corolla? Check shows the Cross and some new SUV

Subaru worse than Mazda from what I can see. But then again, all cars have flaws.

I had one bad experience with a Silverado turn into a lemon. Bought it brand new off the lot. After 25k, it had fueling and runability issues. Got GM to buy it back. Never again.

 

[igzy]

Remember when you could buy a brand new Corolla for ~$15k?

Unfortunately not anymore. However when the 12th gens came out, you could get a sedan for about $19k CAD for the base model which was still very reasonable. Now we're at $26k for a base L model so prices are definitely inflated (doesn't help when the base model and base options were axed for 2023 and don't get me started on markups).

Yes! I found my notes from 2000s when I was shopping for a new car and I priced base grade Corolla CE, 9th gen I believe, for $14,500ish it was super base (manual locks and windows, no AC, etc.), but that's exactly half of what I paid for my HB not so long ago...

 

[Old Mechanic]

Don't count on deflation any time soon. Last time was 1946 and the whole world was coming out of WW2. In the US deflation was 10%.
Germany got off the hyper inflation by, going back on the silver standard.
The US set itself up for hyperinflation when we went off the silver standard in 1964. Silver is close to twenty times it's value in 1964. US coins were 75% of face value in real silver content.
Daughter bought a 93 Sentra for $9999. I bought a 4WD Nissan hardbody for the same price, AC, Radio, manual trans.
All civil service govt employees WILL NOT SEE THEIR PAY DECREASE, if we have another year of deflation.
Follow the value of oil, gold, silver and other value commodities and you will see their value follow inflation as a general rule.
The price increases will not go down. The rate of inflation may go down, if you believe the information you are given.
With 33 trillion in debt, why not have inflation, which reduces the real value of the debt owed. It's like paying interest with a credit card. See how that works for you.

 

[Gerhard_Corolla]

As always, all issues are multifactorial, and these high prices have different foundations: production issues throughout all the chain due to covid, affecting the offer; inflation along the entire economy; demand grew or was kept the same thanks to all the money injected; technological advancements that I think do not belong in this market segment... Although the last point has been present throughout the entire spectrum among all brands and segments, due to market expectations and governments pushing ever higher security measures, driving aides, and better fuel consumptions.

 

[Spritanium]

Everything is expensive right now because of high inflation + supply issues. Lower supply equals a higher price and higher-than-average inflation just compounds that effect.

I bought in July last year out of necessity - I figured that would turn out to be the peak of the market, and I was pretty bummed about it. But now it's even worse - consumer prices have dropped maybe 10% for used vehicles, but the rate to borrow money has skyrocketed. I got a 5.99% rate in July with a low-600s credit score. I now have a low-700s score and I doubt I could qualify for 5.99% anymore.

All things considered, it's a bad time to buy things and a good time to save up your inflated paycheck...which means we're in a recession

 

[Raithskar]

Lot of inflated prices. Driving a Cruz owned by a little old lady. My mothers. Trucked down to Fl. each winter and has only seen snow for the past 4 years. 25,000 miles

Was going to sell it and buy the latest Yaris hatchback (sold my Echo before taking the Cruz), but when they announce Mazda as part of the build. Wasn't going to touch anything Mazda had a hand in building.

Maybe a new Corolla in the next few years if they're not $35K

Mazda has come a long way since their awful entanglement with Ford ended back in 2008-2009, & have steadily improved since. I never would have bought a Mazda back in those days (much like Nissan then or today), but Mazda appear every bit as good as Toyota or Honda these days - somewhat better actually IMO in terms of overall design, attention to detail, driving/comfort dynamics, & general build quality/materials within each price segment. My Mexico-built 2022 CX-30 CE was better built (no defects found) than my Japan-built 2020 Corolla SE Sedan. Times change.

With regards to original post & vehicle pricing, I personally won't deal with any dealerships adding arbitrary (price-gouge) mark-ups over stated MSRP listed on the official OEM automaker websites.

 

[McCarthy1986]

Don't count on deflation any time soon. Last time was 1946 and the whole world was coming out of WW2. In the US deflation was 10%.
Germany got off the hyper inflation by, going back on the silver standard.
The US set itself up for hyperinflation when we went off the silver standard in 1964. Silver is close to twenty times it's value in 1964. US coins were 75% of face value in real silver content.
Daughter bought a 93 Sentra for $9999. I bought a 4WD Nissan hardbody for the same price, AC, Radio, manual trans.
All civil service govt employees WILL NOT SEE THEIR PAY DECREASE, if we have another year of deflation.
Follow the value of oil, gold, silver and other value commodities and you will see their value follow inflation as a general rule.
The price increases will not go down. The rate of inflation may go down, if you believe the information you are given.
With 33 trillion in debt, why not have inflation, which reduces the real value of the debt owed. It's like paying interest with a credit card. See how that works for you.

Keep in mind, when Germany ran into hyper inflation, literally everybody lost all their cash assets over night. All the savings in banks became worthless, and that was the majority of all net assets people had at that time, because banks literally closed from one day to the next when people tried to cash in and move into other assets.

I don't think that people in today's world, in the US, have the slightest clue how close we are at this point of running into the exact same outcome. If the rate hikes by the Feds fail due to another international conflict for example, there are no more instruments to lower or stagnate inflation.

We live in a throw-away-society where products don't last by design, made in China, that is now our strongest political opponent, after we exported our working middle class and related tax revenue to China for decades. Meanwhile China buys into our land, into 3rd world countries, sent a clear message with covid, owns most of our national debt... and here we have people who think that the inflation is a market adjustments, hence a nothing-burger and just the result of greedy dealerships.