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Comments
epond
:-)
I guess we're just burning time waiting for July 4th (the official press release, righ?)...
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I think the new Ody will cost about the same as the Sienna if we compare feature for feature.
I even think the street price of the Sienna may be cheaper when the new Ody first debut. I can already get a Sienna Limited @ $4K off MSRP. When the new Ody debuts and take away some of the market shares, I might be able to get $5K off MSRP, which will probably be cheaper than the Ody Touring w/NAV+DVD, which you might get $1K off MSRP initially.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
That being said, when the current Odys are gone, and the 05's are commanding MSRP (and maybe a bit more initially), I wonder if the deals on the Siennas will still be there?
Should be fun, and really good for people looking for deals on the Quest or Chryslers.
My guess? MSRP on the Honda through year end, Sienna prices about what they are today, and once the initial rush is over (next winter?) it's likely to be a free for all.
Hopefully Honda sticks with their traditional aggressive pricing (good value for the dollar), so even paying MSRP won't be a "bad" deal.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
But when the 05's hit, they will demand (and get IMO) MSRP for at least the first several months. There are LOTS of Ody owners who will simply not look at anything but another Ody and they'll keep the price up there for a while. So then you'll have Sienna XLE's up against Ody EX-L's back in the $29-31k range. Suddenly the buyer looking for a bit of a bargain shopping a new Sienna against an old Ody won't see Toyota dealers quite as willing to bargain (IMO), especially if the magazines/comparison tests still have the two vans neck and neck (which I expect will be the case).
As far as the new Ody being a "homerun", I wouldn't expect a repeat of '99. The competition at that time was woefully inadequate; I don't think anyone could truthfully say the same holds true today. Looking at the list of improvements for the '05 Ody reads like a laundry list of current Sienna features.
I'm hoping I'm way, way off base since I'm a Toyota fan, looking for a new minivan but won't be in a position to buy until the end of the year. Maybe I'm just being pessimistic. I certainly HOPE the new Ody can drive the price of admission for the Sienna down. To that end, I hope the new Ody is a raging success and everyone continues to work themselves into a lather waiting for it to hit the showrooms.
In terms of features and huge discounts of the Sienna, the new Ody will not blow anybody away. Sure, some people will just buy the Ody and some will just buy the Sienna or T&C, etc. But most people are pretty smart and they will buy whichever gives them the best deal for the features they want.
I think Honda will give people $1-2K discounts depending on the region. If people can get $4K off MSRP on the Sienna, why would they buy the Ody and get just $1K off MSRP?
Why should anyone pay more for features that equal what the market already has? The only innovation that could command a premium is the VCM, but that perceived and real benefit are still to be determined.
If the Ody is as nice as I expcet, and I can get 1-1.5K off by November, my wife will be driving one for Xmas.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
http://www.vtec.net/news/news-item?news_item_id=241362
It's by an anonymous source but vtec.net gives it a surprising credibility rating of 10.
Really.
I suggest that we track Edmunds TMV (which reflects actually selling prices) rather than anecdotal evidence for the first few weeks (months?) after the new Odyssey is released to check your prognostication. Personally, I've enough "faith" in the dealers that deals will be few and far between immediately after introduction. Basic law of supply and demand. Initially, supply WILL be limited and just from tracking the amount of activity in this thread, demand will be substantial.
Especially with the recent public awareness of a few transmission problems, which was blown up way out of proportion that got the public all concerned with Honda in general, you think people are still saying "I will buy Honda no matter what price" ?
You don't think people will say, "Gee, I like Honda a lot, but if I can get $3-4K off MSRP on an excellent Sienna, I will have to seriously consider the Sienna" ?
Sure, there may be a few who will buy nothing but Honda, but they are few. I'm talking about the majority, and the majoriy will not pay MSRP for even one day.
Actually, there are even more choices now than in '98, due to the proliferation of SUVs, cross-overs, etc., that have taken market share from minivans in general.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
There are even a few who are paying MSRP for the '04 Odyssey today.
There will be a "few" who will pay MSRP for the Odyssey 3 years from now.
They will not keep the price inflated for the rest of us, and they will not prevent the rest of us from paying under MSRP anytime anywhere.
Hopefully they ramp up the factory at the start and keep the pipeline full, but I still bet MSRP will be the norm until at least year end, but as always, YMMV.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
And yes, there are a SUBSTANTIAL number of people that are 100% loyal to Honda and simply will NOT consider anything else. Many of these have 3, 4, 5 years on their current Ody and have been holding off their purchase waiting patiently for the '05 models.
The same thing happened with the new Sienna and the old Sienna wasn't NEARLY as popular as the old Ody. If the fan base for the old Sienna was high enough to soak up the initial supply of new vans, why do you think the fan base for the old Ody will be any different?
Just look at the message traffic in here. You guys have 2-1/2 times the posts concerning the new Ody (a minivan) as there are posts concerning the first all new Mustang (an American icon) in 25 years. If you think the initial demand won't outstrip supply, you're deluding yourself.
2006
Acura MPV/minivan US Introduction(?)
I cannot say the source but, it is true!
Unbelieveable!!!!
Double psst: Acura already has a thinly desguised minivan. They call it the MDX.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
One thing to consider is that if gas prices stay high, many SUV buyers will look again at minivans. SUV owners coming off lease may decide that the better mileage, lower insurance and lower maintenance costs overcome the "lack of cool factor". This could affect pricing on the top rated vans.
Like I said, it depends on the region.
I remember back in 1999 when a friend of mine ordered his hot new Ody for $1K off MSRP. He had to wait a few months due to short supply, but he still got his $1K off MSRP the first day the Ody was released.
My local dealer is giving $3K off MSRP on the Sienna Limited even though they don't even have any on the lot. It's still short on supply, but that doesn't stop them from discounting $3K.
So you can pay MSRP or even higher if that makes you feel any better.
I'll pay under MSRP.
My position is that if you want something out of dealer stock, be prepared to pay a premium. I can't think of any vehicles (outside of an exotic) you COULDN'T get at under MSRP......if you were willing to 'order' far enough out.
I'm curious if anyone currently has a contract on an '05 Odyssey and what the deal was. Have you talked to your salesmen friends to see if they would actually take a deposit on a new Odyssey at MSRP minus $1k?
Otherwise, it is a boxy truck-let with 3 rows of seats.
I agree with the JDM idea. Kinda what you would get if you took the Mazda MPV, upgraded the drivetrain and interior, and called it a luxury/sport vehicle.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
But from my point of view, I would not even buy the Ody if all I can get is $1K off MSRP when I can get $4K off on the Sienna Limited.
Sure the Sienna may be marked up more than the Ody, but not by $3K.
But alright, I will agree with you that it will cost MORE in the beginning than after 1 year when supplies build up. I can't agrue with that one bit.
Shoot, I'd would go for it, wouldn't you?
05 Odyssey LX @1000 off MSRP would be a steal in August, not likely for at least a year IMHO.
05 Odyssey EX-L Touring $2000 off MSRP is possible by the end of the year.
I hope 05 Odyssey forces Toyota to put twin power sliding doors in the Sienna LE. Then Honda is forced to offer EX at comparable pricing.
I am sure honda wants to be competetive in each model level, that's how they gain and build on market share.