2021 Hyundai Elantra / Avante (CN7)

[Ahtea]

2 hours ago, CoffeeBreak said:

The pricing for Honda Accord 1.5L turbo is higher than a Camry 2.0 So far saw only one Accord 1.5L turbo on the road.

 

 

Same for me. 

Camry wise, majority are from PI - Hybrid variant.

[Ahtea]

1 hour ago, Cheefarn said:

WHo says, its good when you need to make some demanding and noisy people behind shut up...   

Actually the better feature for this use case is an eject button to throw such passenger(s) out of the sun roof.

[Ahtea]

1 hour ago, Spring said:

Ventilated seats right? Not Heated seats I believe. This feature was available in the outgoing Avante Elite version for the first few batches but subsequently removed. 

 

I think the ventilated seats made a come back in the facelifted Avante Elite (I stand corrected). 

[Fcw75]

1 hour ago, Cheefarn said:

WHo says, its good when you need to make some demanding and noisy people behind shut up...   

@Jamesc MIL? 

[Spurman]

1 hour ago, Fcw75 said:

Heated seats are totally useless in Singapore. 

I prefer ventilated cool seats.

Best if nappa leatheres

[lun71]

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.

 

 

 

 

[Vegas]

so strange... everyone expect dealer dun make $? dealership is in biz to make $

VFM? dun drive in SG. 

[Cheefarn]

23 hours ago, 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.

 

 

 

 

Don't u think a 26% profit margin is alot for a B n B car? I can accept a 26% profit margin for the Pallisade but not the Advante 

[kelaihoyin]

46 minutes ago, Cheefarn said:

Don't u think a 26% profit margin is alot for a B n B car? I can accept a 26% profit margin for the Pallisade but not the Advante 

Actually I'm just wondering if should include COE as cost for dealer? Ultimately COE is paid by buyer, not dealer. 

Effectively the real profit margin is much higher isn't it? Correct me if my thinking is wrong.

(Of course not considering the extreme fluctuation of the COE which dealer will then ask buyer to top-up also, so can technically neglect that as cost)

[Toeknee_33]

$26K is the gross margin.

There are other direct costs that erodes that margin, such as the aforesaid extra warranty and free servicing, COE premium (if it goes above the stated $35K), port/transport/storage costs, PDI costs, LTA road tax, local accessories and sales commission. I am sure there are many more that we cannot see. This probably account for a sizeable chunk off that $26K.

Besides that, there is the premise cost/rental, building maintenance, management and staff costs, utilities, inventory costs, advertising and promotion costs, and all the other costs associated with running a business in expensive SG, which can run into the tens of millions annually for a set up like Komoco. Divide that over the number of cars you anticipate to sell, and you would realise its not exactly Boom Town Charlie.

Like i have said before in another post, by the very price sensitive and competitive nature of the motor trade, it is such that you have to fight against the offerings compel every AD to come up with the best deal to sell their cars. Blame it on the high costs of doing business in SG and the limited number of cars that can be sold due to the COE system. 

[Contipro]

22 hours ago, Vegas said:

so strange... everyone expect dealer dun make $? dealership is in biz to make $

VFM? dun drive in SG. 

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.. 🤣

[ferrytales]

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.

 

 

 

 

27k margin for a kimch b&b car is reasonable? damn i wish i can be a sales person and meet people like you on a daily basis! 

[Vegas]

40 minutes ago, ferrytales said:

27k margin for a kimch b&b car is reasonable? damn i wish i can be a sales person and meet people like you on a daily basis! 

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

[therock]

12 hours ago, 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

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...

 

[Sktan10]

Base on your above calculation, I think my bb jap car,AD only earn 5+k from me only.LOL....

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 l

On 9/3/2020 at 11:36 AM, Tazzi80 said:

Just to contribute, I gotten Avante S last year @ 74k, with a 28+k COE. So even with an increase in COE to 35k, the price should have been ard 81k if they keep the profit margin the same.

But the price for the current outgoing is 95k, and the new model is @ 98k (with 10k VES rebate), even with the additional warranty and servicing, or higher 5k OMV for the new model, seems to be very high pricing. They probably price the current outgoing model much higher so that the new Avante doesn't show that big of a jump for new buyers. 

 

 

[Lala81]

On 9/6/2020 at 12:45 PM, Acegabz said:

Can't wait for the 2021 Tucson. Initial renderings look amazing..

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

[Spring]

53 minutes ago, Sktan10 said:

Base on your above calculation, I think my bb jap car,AD only earn 5+k from me only.LOL....

 

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. 

[therock]

2 minutes 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 know, u could buy and Avante at low margins but when it comes u hv to be decisive and swift as likely for limited period, limited stocks. 

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.. 😞