2021 Hyundai Elantra / Avante (CN7)

[therock]

Just saying...

When job losses occur, those who did not get their COEs maybe quietly grateful... suddenly they have saved more than 100k... yep, that 'basic' car will cost more than twice the sticker price by the time you scrape it... 

[Spring]

36 minutes ago, therock said:

You know the problem is, when a company gives discount, it could be a one off, or simply clearing stock etc... but then buyers Expect this kind of deal as a standard.

They don't care if the company can't make the margins to keep a healthy overhead for all the reasons already mentioned. This price is what they Must get.

If not the company is chao greedy.... 

What if someone insists you give a discount on your own home / other item one is selling, then that's a no no. But most folks are salarymen, so the whole P&L thing is not something they want or need to know... herein lies the disconnect.. 😞

If u recall, I posted something similar last week or so ie Komoco yo-yo pricing strategy n my conclusion was same as yours. They sold at low margins before n so that is the benchmark on most buyers mind. Raise the price and they are branded as unethical, unfair, pui pui pui etc. To be fair, Komoco got themselves to be blamed partially due to the inconsistent pricing. Don't think any b&b AD price their cars this way so they reap what they sow but I've also defended them as well as they are not as bad as portrayed. 

There are hundreds of satisfied Hyundai buyers which unfortunately don't come back here to praise them when they got their cars at low margins. Those that were unsuccessful with their COE bids shouted loud and clear which is their prerogative of course, so those of us in the know try to balance the arguments out so forumers can decide for themselves after hearing both sides of the argument. Again I say, be patient n u could get an Avante with low margins later on.   

[Cheefarn]

1 hour ago, Lala81 said:

u are expecting a lot from the same designers for avante + sonata.

Well it just happens that Hyundai was able to meet and even surplus everyone's expectation

https://www.motor1.com/news/443279/hyundai-tucson-n-line-powertrain/

 

[iamahbee]

16 minutes ago, Spring said:

If u recall, I posted something similar last week or so ie Komoco yo-yo pricing strategy n my conclusion was same as yours. They sold at low margins before n so that is the benchmark on most buyers mind. Raise the price and they are branded as unethical, unfair, pui pui pui etc. To be fair, Komoco got themselves to be blamed partially due to the inconsistent pricing. Don't think any b&b AD price their cars this way so they reap what they sow but I've also defended them as well as they are not as bad as portrayed. 

There are hundreds of satisfied Hyundai buyers which unfortunately don't come back here to praise them when they got their cars at low margins. Those that were unsuccessful with their COE bids shouted loud and clear which is their prerogative of course, so those of us in the know try to balance the arguments out so forumers can decide for themselves after hearing both sides of the argument. Again I say, be patient n u could get an Avante with low margins later on.   

Couldn't agree more to that statement. I got my Hyundai at what I thought was an acceptable margin, and secured my delivery after the first bid of the 6-bid NG deal at a realistic COE rebate level (this part is often overlooked by buyers and they instead choose to blame the SE for their confident sales pitch "sure get one lah!"). After I collected it, the last few cars sold were priced higher despite a slightly lower COE and it being an outgoing model, so yes, inconsistent. But in no way was that unethical as many portray it to be. It's a business and the relationship between buyer and seller is purely transactional. 

From the many posts here and in the COE thread, it was evident that at least 3 other big ADs failed to deliver their CB promo cars, but for some reason Komoco seems to receive the most flak. At least one buyer here secured his COE and will get his Hyundai after topping up. I have said this before in another post, but there are so many factors and strategies the AD considers before bidding or not bidding for a customer. They stand to lose more if they end up not bidding because; 1. they are unable to put the car on the road and 2. the upset customer will never go back to them anymore. 

[Sktan10]

2 hours ago, Spring said:

If not mistaken, the lowest price ever for the outgoing Avante S was low $70k, the profit margin was also below $10k easily.

From time to time, almost all ADs have periods where they sell with small margins eg end of life models, support from Principal (recent Volvo promo during CB was such case), clear stock etc. So your timing has to be good, catch it and u got yourself a good deal. Komoco is no different, they hv sold their Avantes and other models at low margins as well but of course not every month. Follow the prices, be patient and who knows, u could buy an Avante at low margins but when it comes u hv to be decisive and swift as likely for limited period, limited stocks. 

AD profit if too high especially BB car will make you lose alot when  coming  to sell car  later on cos most second hand dealer only take in paper value only.

[Cheefarn]

50 minutes ago, Sktan10 said:

AD profit if too high especially BB car will make you lose alot when  coming  to sell car  later on cos most second hand dealer only take in paper value only.

Sell at scrap is the norm for all makes and models now.

Everyone is expected to drive the car for a full 10 yrs if not longer... else your annual dep will be staggering 

[Toeknee_33]

4 hours ago, therock said:

You know the problem is, when a company gives discount, it could be a one off, or simply clearing stock etc... but then buyers Expect this kind of deal as a standard.

They don't care if the company can't make the margins to keep a healthy overhead for all the reasons already mentioned. This price is what they Must get.

If not the company is chao greedy.... 

What if someone insists you give a discount on your own home / other item one is selling, then that's a no no. But most folks are salarymen, so the whole P&L thing is not something they want or need to know... herein lies the disconnect.. 😞

How true, especially the last para 👍

People see the $27K, take out calculator and start multiplying by the number of cars sold per month, and think the AD makes millions. 

[Brass]

22 hours ago, Contipro said:

may be should consider SEAT Toledo, is VFM

make in Europe, conti brand, DSG box, turbo engine with lots of potential boots up.. 

is real conti package as  brand , design, and origin.

not those half half blood mixed.. 🤣

Please dont flog a dead horse...that car has been there since 2012. A Fit sounds better and looks better, both the new and the older 2014 version.

If you really want one, there is one with diesel power at lower depre than new.

But no horse run for Ibiza or other Seat models.

[Vegas]

11 hours ago, therock said:

Blame Hyundai, maybe but everyone went in with their eyes wide open, or at least I hope so...

 

nail it.

ng-coe means ng. if want, take G-COE.

really want a good deal in terms of low margin for dealers? go find when is their FY closing. this will help you squeeze the price if they are pushing for sales. must know ad fy closing n manufacturers fy closing

if the dealers dun get you, the coe may...

[Acegabz]

12 hours ago, Cheefarn said:

Well it just happens that Hyundai was able to meet and even surplus everyone's expectation

https://www.motor1.com/news/443279/hyundai-tucson-n-line-powertrain/

 

Exactly my thoughts. Revolutionary design.

[Juicyjuice]

Hyundai Avante outgoing model price went down by $2k even though coe went up. 
Just saying.. prob need to clear stocks

[Cheefarn]

10 hours ago, Vegas said:

nail it.

ng-coe means ng. if want, take G-COE.

really want a good deal in terms of low margin for dealers? go find when is their FY closing. this will help you squeeze the price if they are pushing for sales. must know ad fy closing n manufacturers fy closing

if the dealers dun get you, the coe may...

Actually you guys can import your own car. The exact procedures are listed in onemotoring. The savings can be substantial. 

And you can have the exact specs, colors, models you want and not KPKB over here that we sinkies are always being shortchanged with overpriced empty shells and the weakest and oldest engine options that manufacturer have for that model. Nor do you have to settle for rental car grade model and then keep trying to to convince others why it is as good as the max spec model despite having rows of blank plastics cut outs on the dash and 3 full manual aircon knobs  :D 

[RogerNg_185295]

22 hours ago, therock said:

This isn't the first time Hyundai has had this scenario where it did not manage to fulfil the orders it took.

That's why history is such an interesting subject.

Remember the term "marginal buyers". That label set off quite a few members, but when you look closely at the current situation, the ones who didn't get their cars were those who didn't top up, and expected the COE to remain low.

My sympathies but in a limited supply situation, the COE will go to the ones who are willing to pay more. And if topping up is not an option, which is often the case for those who are looking at the entry level or budget end of the spectrum, then someone will be left out.

Blame Hyundai, maybe but everyone went in with their eyes wide open, or at least I hope so...

 

Well,  there is always the attrage to consider 

[ferrytales]

21 hours ago, Spring said:

If not mistaken, the lowest price ever for the outgoing Avante S was low $70k, the profit margin was also below $10k easily.

From time to time, almost all ADs have periods where they sell with small margins eg end of life models, support from Principal (recent Volvo promo during CB was such case), clear stock etc. So your timing has to be good, catch it and u got yourself a good deal. Komoco is no different, they hv sold their Avantes and other models at low margins as well but of course not every month. Follow the prices, be patient and who knows, u could buy an Avante at low margins but when it comes u hv to be decisive and swift as likely for limited period, limited stocks. 

thats exactly what i did, went in last year when cat A dip to mid 20k which was also the low period for car sales. 

some people only know how to whine and complain when prices go up but when prices go down, they don't act and expect it to be cheaper. i didn't get it at the cheapest of 70k for S but at least i didn't get it at the highest.

thats acceptable for me and i think the profit margin was around 10k which i felt it was reasonable as a consumer. i am stingy but i know they are here to do business but i am not here to buy a premium car so i don't except to be charged a premium. 

On 9/10/2020 at 12:09 AM, Vegas said:

show room no need $? inventory no need $? workshop no need $?

they do not aim to be a bnb car. only new entry into auto market wans to be that

thanks for standing up for KMC, i will let them know to engage you for their PR job. 

there must be a reason why their elantras/avantes were such a good seller all these years due to their pricing strategy. look at how mazda tried to go premium with their new mazda 3 and you can notice the drop of their new mazda 3 on the roads.

end of the day going premium/bnb or not depends on the brand perception especially in SG. there is a reason why a barebone mercs a class/gla can sell at a premium because its a mercs. 

you simply can't sell a kimchi avante/elantra/cerato at a crazy premium cause it will kill your sales, even the altis/civic is only at a slight premium but it makes sense cause kmc wants to peg their avante to the altis/civic level now which will be an interesting competitive move. In the past, avante/cerato had always been slightly cheaper with more features than altis/civic which explains why you see so many kimchi cars on the road in the recent years. 

Edited September 11, 2020 by ferrytales

[therock]

I’m keen to see how many will they sell now at the new price range which is in the corolla / Mazda territory..

[teomingern]

On 9/8/2020 at 9:55 AM, lun71 said:

Its easy to make a sweeping statement by stating that last time (like when police wearing shorts time😂) Elantra selling above 100K and now Avante also selling above 100K bla bla bla. In the first place, did you go work out for the car cost of this current model? I did and as below for sharing:

If you wanted to be the pioneer buyer for this new model, its Komoco mark up too much for you? Personally I find pretty reasonable at this stage now. Government has keep reducing COE quotas whereby the car dealers can sell lesser and lesser cars. Ultimately, they would need to up the margin to cover their running costs and keep the business going. Komoco has been one of the most reliable COE bidder among the rest, which is base on my experience. I was promised that this will be the final price, with no further top up even when COE would goes up. Whats the package besides the selling price now? It's 8 years warranty plus 8 years free servicing. This has makes the deal even more value for money. Last but not least, Komoco has been very flexible with buyers. Be it you are first time buying or do not want to trade in your ride with them, no additional add on to the car price like some other dealers. If you find that the price is ex, then don't be the pioneer buyer, and also to wait for the COE to goes down. Simple maths actually. LOL.

Just my 2 cents worth.

 

 

 

 

Nice calculation... looks like they keep their standard profit margin... 

[teomingern]

40 minutes ago, therock said:

I’m keen to see how many will they sell now at the new price range which is in the corolla / Mazda territory..

Also need to temper with the drop in COE numbers... certainly the number of new cars on the road will drop... which is in line with the current policy on private car ownership... so having fewer cars may not be simply a direct effect of a higher price but also fewer COEs plus the terrible downturn during this COVID period...

Edited September 11, 2020 by teomingern

[Vegas]

4 hours ago, ferrytales said:

thats exactly what i did, went in last year when cat A dip to mid 20k which was also the low period for car sales. 

some people only know how to whine and complain when prices go up but when prices go down, they don't act and expect it to be cheaper. i didn't get it at the cheapest of 70k for S but at least i didn't get it at the highest.

thats acceptable for me and i think the profit margin was around 10k which i felt it was reasonable as a consumer. i am stingy but i know they are here to do business but i am not here to buy a premium car so i don't except to be charged a premium. 

thanks for standing up for KMC, i will let them know to engage you for their PR job. 

there must be a reason why their elantras/avantes were such a good seller all these years due to their pricing strategy. look at how mazda tried to go premium with their new mazda 3 and you can notice the drop of their new mazda 3 on the roads.

end of the day going premium/bnb or not depends on the brand perception especially in SG. there is a reason why a barebone mercs a class/gla can sell at a premium because its a mercs. 

you simply can't sell a kimchi avante/elantra/cerato at a crazy premium cause it will kill your sales, even the altis/civic is only at a slight premium but it makes sense cause kmc wants to peg their avante to the altis/civic level now which will be an interesting competitive move. In the past, avante/cerato had always been slightly cheaper with more features than altis/civic which explains why you see so many kimchi cars on the road in the recent years. 

Gentlemen, i do not work for hynduai nor komoco. i do not even drive a car 😜

we may pay the most expensive cars, but in terms of volume, we are no where in the world lah. no AM manufacturer, actually bother about SG. Maybe the ultra high end does, we have a significant amount of Ferrari and Lambos bently and RRs in comparision with rest of world.

agent bring in cars, not to be charity, but to make $. if this is your own business, you probably run it to maximise profits / maximising cash flow at different stages of business needs.