Price Headed Up or Down?

[Paw]

If production of the Stinger is actually being ended next year, should we expect dealers to increase or decrease the price at which they’ll be sold?

 

[ChaneRZ]

I think it’ll go down. No one is buying it anyway.

 

[AusStinger]

I agree. Down. The world wants SUV's.
Hmm. Imagine the Stinger as an SUV...... I'd buy one.

 

[Paw]

I think it’ll go down. No one is buying it anyway.

A “silver lining” for the ceramic silver GT2 I intend/hope to get.

 

[Kamauxx]

Kia won't change the MSRP but the prices people are actually paying will likely drop, as others have said.

 

[Paw]

Kia won't change the MSRP but the prices people are actually paying will likely drop, as others have said.

I suppose though the residual could drop, thereby raising lease prices (or, at least, cancelling out any decrease in the negotiated price).

 

[DTD]

Kia won't change the MSRP but the prices people are actually paying will likely drop, as others have said.

I think the selling price is all in the dealers hands. Some try and bleed you as they think the stinger is a super car and some may knock off a little, it depends if they get any Stingers on the lot if they don't they will leave the prices high to get what they can get.

 

[Paw]

I think the selling price is all in the dealers hands. Some try and bleed you as they think the stinger is a super car and some may knock off a little, it depends if they get any Stingers on the lot if they don't they will leave the prices high to get what they can get.

Agreed

 

[Buzz]

Considering the shortages of any vehicle across the industry right now, I suspect them to try to eek out as much from this car as they can using the "last one we will be getting" as the excuse. They got a lot of practice with the Telluride.

Hell, look at what's happened to used prices! Many of us could sell for a profit?!

 

[nhsjpeterson]

I was at my local dealer today for the first time in 3 or 4 months. The lot was EMPTY! There were 6 new cars with 'SOLD' signs on them, 5 new cars actually available for sale, and maybe a half dozen used, That was it. If that is typical for all/most dealers, I wouldn't expect the price to be going down at all. I'm glad I don't need to buy anything right now, because the dealer can set the price wherever he wants--as long as you insist on a KIA, Just a block away, the Chevrolet dealer seemed to have a full lot, so that might keep KIA from being too inflexible.

 

[Paw]

I was at my local dealer today for the first time in 3 or 4 months. The lot was EMPTY! There were 6 new cars with 'SOLD' signs on them, 5 new cars actually available for sale, and maybe a half dozen used, That was it. If that is typical for all/most dealers, I wouldn't expect the price to be going down at all. I'm glad I don't need to buy anything right now, because the dealer can set the price wherever he wants--as long as you insist on a KIA, Just a block away, the Chevrolet dealer seemed to have a full lot, so that might keep KIA from being too inflexible.

The inventory of Stingers has always been too low, which undoubtedly is one reason for their low sales figures. And, the shortage and chip shortage has lowered that inventory even further. The Chevrolet lot may be better stocked but there’s a reason for that, and, quite frankly, I know better than to be seriously considering one of those.

 

[Kamauxx]

The inventory of Stingers has always been too low, which undoubtedly is one reason for their low sales figures.

That must be a regional thing. Prior to this insanity the Kia dealerships near me always had way too much in inventory. So much so that they'd park dozens of cars on an overflow lot down the street (Kia Raleigh) or out back behind the used car dealership (Kia Cary). I think it was early last year when I counted over 30 Stingers behind the used car area of Kia Cary.

I have 8 Kia dealerships within 50 miles of me. One of them has 13 Stingers (Kia Cary again). One of them has 9 vehicles TOTAL (mostly Fortes). Another has a total of 13 vehicles. Of those 8 dealerships only one has any Stingers.

I think Kia is prioritizing there more successful dealerships over others.

But things are just really crazy right now.

 

[Transmetal]

That must be a regional thing. Prior to this insanity the Kia dealerships near me always had way too much in inventory. So much so that they'd park dozens of cars on an overflow lot down the street (Kia Raleigh) or out back behind the used car dealership (Kia Cary). I think it was early last year when I counted over 30 Stingers behind the used car area of Kia Cary.

I have 8 Kia dealerships within 50 miles of me. One of them has 13 Stingers (Kia Cary again). One of them has 9 vehicles TOTAL (mostly Fortes). Another has a total of 13 vehicles. Of those 8 dealerships only one has any Stingers.

I think Kia is prioritizing there more successful dealerships over others.

But things are just really crazy right now.

Wow. I don't think I've seen 30 stingers total since the car has come out. The most I've seen in person on a lot was last July when I bought mine. They had 5 new Stingers, any color you wanted as long as it was white, black or Panthera metal I couldn't find blue, red or ceramic silver anywhere near me. "Settled" on the Panthera metal.

 

[Kamauxx]

Wow. I don't think I've seen 30 stingers total since the car has come out. The most I've seen in person on a lot was last July when I bought mine. They had 5 new Stingers, any color you wanted as long as it was white, black or Panthera metal I couldn't find blue, red or ceramic silver anywhere near me. "Settled" on the Panthera metal.

It was a site to behold. I was so surprised that I pulled my car in front of one of the rows and took a group picture.

Here you see a group of 8. I stood in front of 2 more rows of surplus Stingers to snap the pic. The crazy thing is this is behind the used car dealership. The building to the right is Kia's service department. These vehicles aren't even visible from the street or the Kia dealership's regular lot.

 

[Transmetal]

Wow, woulda been nice to have that kinda selection.

 

[Chark]

Looks like the ones in the overflow lot are probably the 21 models, judging from the wheels. I'd guess the 22 models were up front.

 

[Kamauxx]

Looks like the ones in the overflow lot are probably the 21 models, judging from the wheels. I'd guess the 22 models were up front.

Oh that's not a new pic. I think it's from late 2019 so those are 2020s. But my point was that there hasn't always been a shortage of Stingers--on the contrary, since it's introduction there's always been more Stingers than Stinger customers.

The dealership in that pic currently has 13 Stingers if anyone is having a hard time finding one, btw.

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[Aloneinthefog1]

Considering the shortages of any vehicle across the industry right now, I suspect them to try to eek out as much from this car as they can using the "last one we will be getting" as the excuse. They got a lot of practice with the Telluride.

Hell, look at what's happened to used prices! Many of us could sell for a profit?!

I could, I've already been offered more than what I paid for mine a couple of times

 

[Dan12R]

It's definitely a case of two stories right now. I just bought my Stinger a couple weeks ago. My local dealer was charging $10K over MSRP for the one they had on their lot with another one on the way. The dealer I bought from gave me $5K off MSRP for the one they had on their lot with another one on the way.

If the Stinger ends its run within the next year, it will likely be due to low sales. That doesn't merit an increase in price. It's only the supply issue that's causing the insanity today. The potential benefit though is that due to its unique nature, the end of the Stinger could bode well for the resale market. The Pontiac G8 GXP was canceled in part due to low sales and in part due to the cancelation of Pontiac. A used 2009 G8 GXP with less than 50,000 miles on it can fetch upwards of $40K. That's more than they retailed for new. It's Chevy sister, the SS, is canceled and goes for a decent price. That MSRP'ed at around $45K and a low mileage one will fetch $40-50K.

While I would never encourage anyone to buy a Stinger banking on great resale, I do see the possibility for it, especially if it's canceled.

 

[Transmetal]

The key differences, Pontiac/Chevy verses Kia. If the Kia had a Chevy badge on it I could see your point.