Extremely low 2021 4Runner stock

[CharlesNellis]

Was looking to trade my 2019 ORP for a 2021 Nightshade. Search yielded 3 results in a 100 mile range of me on cars.com and autotrader.

1st dealership, we sold it already, haven't taken down the listing
2ns dealership, we sold it already, haven't taken down the listing
3rd dealership, it's spoken for

So I gave up and decided to keep the 2019 ORP.

A few days later the 3rd dealership's buyer backed out and they called to inform me it was available. I immediately put a deposit down over the phone and picked up the 21 Nightshade a couple of days later.

 

[ASUMTNEER]

Was looking to trade my 2019 ORP for a 2021 Nightshade. Search yielded 3 results in a 100 mile range of me on cars.com and autotrader.

1st dealership, we sold it already, haven't taken down the listing
2ns dealership, we sold it already, haven't taken down the listing
3rd dealership, it's spoken for

So I gave up and decided to keep the 2019 ORP.

A few days later the 3rd dealership's buyer backed out and they called to inform me it was available. I immediately put a deposit down over the phone and picked up the 21 Nightshade a couple of days later.

Did you have to pay full msrp?

 

[CharlesNellis]

Did you have to pay full msrp?

Pretty much. They were willing to take $300 off lol.

The great trade-in value made up for it though. Paid 40k OTD in 2019 (that included a $2000 upside down Kia I traded-in), got 41.5k for the trade-in.

 

[MStudt]

Automakers have no one to blame but themselves for this (short-term). When the pandemic hit and sales declined. Many automakers cancelled orders for semiconductors since there wasn't a need for them. Which is a smart practice, but a large companies should have know better than to do that. With everything else the demand is back, and the demand far outnumbers the supply in most areas. To add to this, the same companies that make these semiconductors also make them for various appliance and other electronic companies. The issue is most likely going to get worse before better. Basically, the entire global supply chain is crashing.

Steel prices are going to rise into Q4. Resin shortages will continue through September. Shipping delays will continue until the supply chain is stabilized.

Mike

 

[SlickTRD]

Automakers have no one to blame but themselves for this (short-term). When the pandemic hit and sales declined. Many automakers cancelled orders for semiconductors since there wasn't a need for them. Which is a smart practice, but a large companies should have know better than to do that. With everything else the demand is back, and the demand far outnumbers the supply in most areas. To add to this, the same companies that make these semiconductors also make them for various appliance and other electronic companies. The issue is most likely going to get worse before better. Basically, the entire global supply chain is crashing.

Steel prices are going to rise into Q4. Resin shortages will continue through September. Shipping delays will continue until the supply chain is stabilized.

Mike

i wouldnt lay total fault on the auto manufacturers. there were a lot of factors at play including covid and sanctions. covid forced a lot of people to stay home and not work all over the world and caused the supply chain to get all screwy. then smic was sanctioned back in dec 2020 and this forced a lot of manufacturers to turn to other semi companies who already had supply issues - umc, tsmc, etc. these semi companies are trying to build more capacity but that wont have an affect on supply until 2023 because building fabs take time. but i do agree that supply chain is going to get worse before it gets better. 50-60k 4runners might be the norm for the next 1-2 years.

 

[MStudt]

i wouldnt lay total fault on the auto manufacturers. there were a lot of factors at play including covid and sanctions. covid forced a lot of people to stay home and not work all over the world and caused the supply chain to get all screwy. then smic was sanctioned back in dec 2020 and this forced a lot of manufacturers to turn to other semi companies who already had supply issues - umc, tsmc, etc. these semi companies are trying to build more capacity but that wont have an affect on supply until 2023 because building fabs take time. but i do agree that supply chain is going to get worse before it gets better. 50-60k 4runners might be the norm for the next 1-2 years.

I agree, and that's why I mentioned short-term. The issue would have come along regardless of sanctions, supply/demand issues, shipping shortages, pandemic, and planning. At least from the import/export side of things that is. Some unforeseen factors in the US have lead to other issues with the supply of resin like the winter storm in Texas that closed multiple refineries. A lot of companies are playing the pandemic card and will for as long as they can. Companies that plan very well, and follow market trends are going to be ones that thrive. Companies with poor purchasing experience or lack of forecasting are going to fail in the current market.

You'll see prices continue to rise into Q4, and then hopefully stabilize for a bit. Pricing should start coming back down in some areas by Q2 of 2022.

Mike

 

[Redsoxx1918]

The search will show that but most of those will already be spoken for. I have been doing a daily search within 500 miles of my location for a Lunar Rock 4Runner for months on CarGurus. Almost every one is spoken for and has been for months. The cars hit the site as soon as it gets the VIN checked into inventory. It does not mean it is available. The very few that were not already sold to another buyer were marked up at least $10k, many at $15k and at least one was priced in the low $70’s. It was sold within two days of being on the site.

It was just leaked that Lunar Rock and Army Green will be available on the 2022 TRD off road. Wait till next year when production numbers are back to normal and grab a lunar rock off road premium for $40K.


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[Mr_Bingley]

Much as I semi-lust after Army Green I love having my Nautical Blue NOW