[johnny59]

Economics 101 (Supply & Demand)
When a new vehicle is introduced and is expected to be popular, the pricing will remain high because of demand in sync with low available volume. As manufacturing increases and dealer inventory increases and dealers have a month-to month constant inventory, they will want to reduce that inventory and adjust allowable pricing accordingly. This is why some of us are waiting for a later model year (or the end of a current model year so dealers can order the later year models.

There is, of course, a buyer's decision as to when one wants or needs to sell or trade-in the currently-owned vehicle. Many other other microeconomic inputs come into play as well.

So just how much lower will it get as the year progresses?

What's the estimate for when the MY20s come out?

Trying to decide on when to pull the trigger.

 

[johnny59]

Thanks @Visa. I did research negotiation and learnt that the end of the month and end of the quarter are good times to try and strike a deal since dealers have sales quotas to maintain.

Was considering the end of June since it's both the end of a month and quarter. Heard long weekend holidays are not necessarily the best.

In the end I learnt that you always need to be forearmed with what the car is worth, how much you want to spend and then cut through loads of crap like accessories (both factory and dealer added), paint protection, extended warranties, financing traps etc. And always be prepared to walk away.

 

[johnny59]

Yup that's what I heard is the key to driving price down. Seems like dealers here are open to bargaining over email - better for me, I'd prefer not doing it face to face or over the phone. Plus the paper trail for quotes and promises.