[SailFanatic]

I have been considering purchasing a 2023 Sport Hybrid. In checking AutoTrader I see that are 79 Accord Hybrids for sale within 50 miles. Meanwhile there are only 9 Camry hybrids for sale in the same area. To date I have seen one 2023 Accord on the streets of Boston. I've stopped by a few dealers who insist they still want a markup on the 2023s, typically $2,000, even while they have a dozen 2023 Hybrids sitting on the lot, apparently not going anywhere soon. I will never pay a markup.

What gives? Is the market not interested in the 2023s, or is dealer greed keeping them on the lots? Can anyone make sense of this situation.

 

[Ash051]

We're encountering the same issue around here- a 50 mile search radius yields just 2 results for Camry hybrids finished production and on the lot without pending sales.

I was told by my local Honda dealership that Honda is building vehicles without features like BSI in order to have more inventory available to sell despite supply chain problems. My guess is that Toyota isn't doing this, because they seem to be building fewer.

2023 Accords are indeed selling, but it's a super new model. It'll take a while before they're seen out and about in larger volumes, though dealer greed and markups could also be to blame.

 

[MartyV6]

I have been considering purchasing a 2023 Sport Hybrid. In checking AutoTrader I see that are 79 Accord Hybrids for sale within 50 miles. Meanwhile there are only 9 Camry hybrids for sale in the same area. To date I have seen one 2023 Accord on the streets of Boston. I've stopped by a few dealers who insist they still want a markup on the 2023s, typically $2,000, even while they have a dozen 2023 Hybrids sitting on the lot, apparently not going anywhere soon. I will never pay a markup.

What gives? Is the market not interested in the 2023s, or is dealer greed keeping them on the lots? Can anyone make sense of this situation.

Surprised that your dealer has "dozens" of Accord Hybrids "on the lot" at this point. You sure those aren't the LX or EX Accords that are the non-hybrid version? I know a couple months back there seemed to be an initial wave of the LX and EX that were coming out to dealers but around Chicago at least it was hard to find many of the Hybrids. I have one on order and my dealer's sheet shows a lot more of them to be built. I haven't checked around here in at least 3 weeks but again I would be surprised there are "dozens" of Hybrids sitting on one lot already. Mine agreed to straight MSRP for the order. Before I buy I will do another check to see if actual market pricing has gotten better than that. From this forum it seems like a lot of dealers are still trying to gouge something more out of the sale on this new model though

 

[joebxr]

Surprised that your dealer has "dozens" of Accord Hybrids "on the lot" at this point.

If they are Hybrids sitting on the lot,it's becuz dealer gouging prices, agreed.
Marty, where are u located?

 

[MartyV6]

If they are Hybrids sitting on the lot,it's becuz dealer gouging prices, agreed.
Marty, where are u located?

Chicago area

 

[vinny68]

I was told by my local Honda dealership that Honda is building vehicles without features like BSI in order to have more inventory available to sell despite supply chain problems. My guess is that Toyota isn't doing this, because they seem to be building fewer.

I've read on Toyota forums that some new models are only being delivered with one key fob with the promise of a second one being delivered sometime in the future. I think most manufacturers are limiting standard/optional features in one way or another.

 

[joebxr]

I've read on Toyota forums that some new models are only being delivered with one key fob with the promise of a second one being delivered sometime in the future. I think most manufacturers are limiting standard/optional features in one way or another.

Yup, can confirm about Toyota. It's due to chip shortages. Same with BSI on Honda, the chip shortage causing some to be built without and discounted accordingly, but shortage starting to ease a bit.

 

[joebxr]

Chicago area

If you were closer (upstate NY),I was going to give you dealer contacts that are selling below MSRP, but guess too far away, and an issue if trading, sorry.

 

[MrWasabi]

In my travels the Touring has been a bit elusive or presold but I’ve seen decent inventories of other trims. I think dealers are trying to gravy train too much and they will start moving them for less as their costs on keeping them on the lots are still there. I waited for the right deal as I’m in the camp of no way am I paying over msrp for an Accord. I ended up paying $200 under for my Touring. It was a brutal journey though dealing with all of the shady dealers. I can’t wait for the day I can throw a car in my Amazon cart. Dealers are useless outside of service departments and they could let indys handle that with manufacturer specific training/certification.

 

[griffinthedog]

If you were closer (upstate NY),I was going to give you dealer contacts that are selling below MSRP, but guess too far away, and an issue if trading, sorry.

I would be interested, I live in NJ.

 

[Ccordster]

Unless you really need a new car, I'd wait, maybe until the 2024 MY. Even Honda has first-year bugs.

 

[123456sp]

2 dealers told me the G11 is basically sold by order, especially the higher trims. Not available in large inventories to pick off the lot. Most all upper trims are presold they said. Glad I'm not shopping right now. Maybe later in the year. Not worth the hassle, markups, or add-ons.

 

[RCarlL]

There are a handful of Accords on the lots of my local Honda dealers. Most in my area seem to be charging MSRP or slightly under. Certainly not the inventory that was available before the pandemic- but there are some choices.

It makes me wonder if Honda might have made some questionable choices regarding the 11th Generation. The Honda dealer closest to my house has about ten Accords on the lot- available immediately. The one a bit farther from my home has eight on the lot and 25 listed as incoming and available. It does complicate matters that the dealers near me list Accords separately on their inventory lists depending if they have the hybrid powertrain or not. You can't just click on 'Accord' and see them all. Only the 1.5t models come up if you do that... you have to specifically click on the 'Accord Hybrid' button to get the higher trim levels with the hybrid powertrain.

The dealership nearest to me has a red Touring that's been sitting front and center on their lot on a display platform for about a week and a half- maybe longer. They sell for MSRP too... but no takers.

 

[LeroyR]

I first looked into an ES300h and then a Camry before ultimately buying an Accord Touring, and Toyota/Lexus hybrids are being ordered months and months ahead of time. There were maybe 3-4 available in town, and none in any particularly desirable trim level. I guess some people are ordering Accords ahead of time too, but overall these seem more available as far as I can tell.

Availability wasn’t what made my decision for me, but it certainly didn’t hurt.

 

[SailFanatic]

Surprised that your dealer has "dozens" of Accord Hybrids "on the lot" at this point. You sure those aren't the LX or EX Accords that are the non-hybrid version? I know a couple months back there seemed to be an initial wave of the LX and EX that were coming out to dealers but around Chicago at least it was hard to find many of the Hybrids. I have one on order and my dealer's sheet shows a lot more of them to be built. I haven't checked around here in at least 3 weeks but again I would be surprised there are "dozens" of Hybrids sitting on one lot already. Mine agreed to straight MSRP for the order. Before I buy I will do another check to see if actual market pricing has gotten better than that. From this forum it seems like a lot of dealers are still trying to gouge something more out of the sale on this new model though

So I did a search on AutoTrader for all 2023 Accords within 50 miles and here are the results:
21 LX
73 EX
--------- 94 gas
37 Sport
11 EX-L
20 Sport-L
9 Touring
------------ 77 hybrid

The same search for Camry gave 127 gas models and only 8 hybrids.

 

[griffinthedog]

Unless you really need a new car, I'd wait, maybe until the 2024 MY. Even Honda has first-year bugs.

I bought a 2002 Accord in 2001, that was the last year for that model so I got a good deal. I also thought since it had been out for several years all the bugs would be ironed out. My transmission started acting up around 60k miles, it was barely noticeable at that point.Had to replace it around the 90k mark. The transmission again gave up at 180k.

 

[ckaught78]

I'm here in the SF bay area and have been negotiating with all the various dealers. most have a couple of tourings on the lot with many more in transit. I'll likely go in today or Monday and pick one up as I found a dealer willing to do msrp+500. the worst dealer, which was serramonte was MSRP+6000 dealer mark up. they wouldn't even have a conversation with me about lowering the price. they had plenty on the lot and not a person in the store. I think the winds are slowly starting to shift. I considered the Camry but it just feels a little bit too cramped in the front compared to the accord plus a bit dated, additionally as others have stayed there are very few to be had and the Toyota dealers in my area are even worse in terms of markups. I guess since people don't buy cars but once every 5+ years the dealers don't need to worry about being slimly. for an industry with as many complaints you'd think they could make it better.

 

[snic]

I would be interested, I live in NJ.

So would I!

 

[Liv4snow]

Many of the dealers that have inventory sell dealer add ons to make a larger return. I am seeing more lower level trims like Gas LX or Ex's available. They seem to also be pushing the Sport Hybrids as they don't have as many bells and whistles as the higher end trims. It's much harder to find the upper trims and dealers that are getting them aren't getting enough or they are missing features like BSI. Big jump in price too for the Touring model. I remember the parts shortage in 2022 and Honda took away features like heated seats and eventually stopped making trims like Accord Hybrid Base. I wouldn't be surprised due to parts shortage if BSI gets dropped from many of the lower level trims and Ex-L becomes almost impossible to find.

I had to forgo my top 4 color picks to get a vehicle with BSI and trim from a dealer that didn't charge extra markup. Do your research and buy from a reputable dealer who isn't going to take advantage of the low production of inventory/features in some trims. Don't get hung up on color choice.

 

[Liv4snow]

So I did a search on AutoTrader for all 2023 Accords within 50 miles and here are the results:
21 LX
73 EX
--------- 94 gas
37 Sport
11 EX-L
20 Sport-L
9 Touring
------------ 77 hybrid

The same search for Camry gave 127 gas models and only 8 hybrids.

What is the average dealer mark-up on the Camry's? We also see a large amount of these in rental fleets.