Hyundai Ioniq 5

[kanundrum]

Still nothing from my East coast dealership

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[ads75]

Still nothing from my East coast dealership

Just when I think the 30 minutes review videos may be too long one thats almost an hour comes out.

Probably start getting calls from dealers once they are actually in stock. Still disappointed that Hyundai released the price, but won't put it on their website. The cynic in me wonders if they are doing that for their dealers, so its more difficult to see how much ADM they are tacking on.

 

[kanundrum]

Just when I think the 30 minutes review videos may be too long one thats almost an hour comes out.

Probably start getting calls from dealers once they are actually in stock. Still disappointed that Hyundai released the price, but won't put it on their website. The cynic in me wonders if they are doing that for their dealers, so its more difficult to see how much ADM they are tacking on.

So apparently the reservation system Hyundai has is pretty garbage and its not even a place holder in line. Via reddit:

1. Hyundai reservation holders are put on a leads list. For every car a dealer received, they are given one lead to call and sell the car to. Dealer has a small incentive to sell to this lead, but if they don't sell to the lead, they can sell to anyone.
2. Hyundai is not distributing leads to dealers in order of reservation received. EX, I am a day one reservation holder, but reading the forums, day 2 & 3 holders have been called from dealers before me.
3. Hyundai is prioritizing certain CARB states over others on the initial rollout. Here in the Pac NW, Washington dealers are getting cars now, but every Oregon dealer that I spoke with isn't expecting cars until Feb.
4. Hyundai requires dealers to be "certified" to sell the Ioniq line of vehicles. Not every dealer will be able to sell the car.

For each Ioniq 5 allocated to the dealer, the dealer will receive one lead per vehicle of someone who placed a deposit on a vehicle. The dealer needs to reach out within 3 days, and the depositor has 3 days for first right of refusal on the Ioniq 5 that is being delivered to the dealer.

If the depositor does not want to vehicle, the dealer does not have to contact any other reservation leads, but they very well could.

Therefore, if Ioniq 5s get turned down then that car will be available to anyone who wants to purchase the car.

Should Also be noted that dealers have an incentive from the factory to sell the car to reservation holders before anyone else. It’s not a big incentive, but it exists.




Dealerships are already starting to markup their allocations at 10k, so have a reservation? Cool, want to buy it for 10k over? No, okay move onto the next person as you are marked as rejected.

 

[Canthoney]

So apparently the reservation system Hyundai has is pretty garbage and its not even a place holder in line. Via reddit:

1. Hyundai reservation holders are put on a leads list. For every car a dealer received, they are given one lead to call and sell the car to. Dealer has a small incentive to sell to this lead, but if they don't sell to the lead, they can sell to anyone.
2. Hyundai is not distributing leads to dealers in order of reservation received. EX, I am a day one reservation holder, but reading the forums, day 2 & 3 holders have been called from dealers before me.
3. Hyundai is prioritizing certain CARB states over others on the initial rollout. Here in the Pac NW, Washington dealers are getting cars now, but every Oregon dealer that I spoke with isn't expecting cars until Feb.
4. Hyundai requires dealers to be "certified" to sell the Ioniq line of vehicles. Not every dealer will be able to sell the car.

For each Ioniq 5 allocated to the dealer, the dealer will receive one lead per vehicle of someone who placed a deposit on a vehicle. The dealer needs to reach out within 3 days, and the depositor has 3 days for first right of refusal on the Ioniq 5 that is being delivered to the dealer.

If the depositor does not want to vehicle, the dealer does not have to contact any other reservation leads, but they very well could.

Therefore, if Ioniq 5s get turned down then that car will be available to anyone who wants to purchase the car.

Should Also be noted that dealers have an incentive from the factory to sell the car to reservation holders before anyone else. It’s not a big incentive, but it exists.




Dealerships are already starting to markup their allocations at 10k, so have a reservation? Cool, want to buy it for 10k over? No, okay move onto the next person as you are marked as rejected.

Well, I’ll probably end up canceling my reservation. Good thing I put one in for the First Edition Kia EV6 and my dealer has already told me they’re not going do any markup. I wish we didn’t have to deal with this crap, it shouldn’t only be Tesla, Rivian, Lucid, and Polestar for direct sales

 

[koersontap]

So apparently the reservation system Hyundai has is pretty garbage and its not even a place holder in line. Via reddit:

1. Hyundai reservation holders are put on a leads list. For every car a dealer received, they are given one lead to call and sell the car to. Dealer has a small incentive to sell to this lead, but if they don't sell to the lead, they can sell to anyone.
2. Hyundai is not distributing leads to dealers in order of reservation received. EX, I am a day one reservation holder, but reading the forums, day 2 & 3 holders have been called from dealers before me.
3. Hyundai is prioritizing certain CARB states over others on the initial rollout. Here in the Pac NW, Washington dealers are getting cars now, but every Oregon dealer that I spoke with isn't expecting cars until Feb.
4. Hyundai requires dealers to be "certified" to sell the Ioniq line of vehicles. Not every dealer will be able to sell the car.

For each Ioniq 5 allocated to the dealer, the dealer will receive one lead per vehicle of someone who placed a deposit on a vehicle. The dealer needs to reach out within 3 days, and the depositor has 3 days for first right of refusal on the Ioniq 5 that is being delivered to the dealer.

If the depositor does not want to vehicle, the dealer does not have to contact any other reservation leads, but they very well could.

Therefore, if Ioniq 5s get turned down then that car will be available to anyone who wants to purchase the car.

Should Also be noted that dealers have an incentive from the factory to sell the car to reservation holders before anyone else. It’s not a big incentive, but it exists.




Dealerships are already starting to markup their allocations at 10k, so have a reservation? Cool, want to buy it for 10k over? No, okay move onto the next person as you are marked as rejected.

Wow. I was thinking about putting a reservation in, as I really like the 5. But this is garbage, and just turned me off. Especially since they can go through the list however they want, and just blacklist the reservation holders who don't want to pay the markup. Especially if the markup is more than the small first right incentive.

Furthermore, what are the chances that the one allocated is spec'd the way you want it?

 

[kanundrum]

Wow. I was thinking about putting a reservation in, as I really like the 5. But this is garbage, and just turned me off. Especially since they can go through the list however they want, and just blacklist the reservation holders who don't want to pay the markup. Especially if the markup is more than the small first right incentive.

Furthermore, what are the chances that the one allocated is spec'd the way you want it?

Really I wanted a limited (or well more so for my sister) max spec which is what should be arriving first. Also I am pretty sure I was one of the first reservations period as the website hadn't open up yet for reservations but I had reserved one thru some URL manipulation and then the website opened up about 10 minutes later lol. Even with that said No other contact since then really. Here we are complaining about Rivian LOL.

 

[RideAlong]

Hyundai is really showing it's potential - and the fact that Korean conglomerates prefer to work with each other means they WILL be a major player in the segment globally.

 

[ads75]

Wow, so basically it seems like I paid $100 to get on a marketing list, and nothing else. But I also am not planning on getting an Ioniq 5 anymore, dealer shenanigans aside. If they are treating their reservation list as the post is written, I doubt I would put my name on one of their lists again, since it doesn't seem like the list has a real purpose for a customer. Part of the reason I never went on the Lightning list was because of the Bronco rollout.

 

[Friscorays]

Bummer about March 1, 2022.

 

[ads75]

I don't have many rules to live by but I do when it comes to dealer markups: if a dealership expects one from me, said dealership has forfeited my business for life. So far, this rule has served me well.

I can't say I disagree. However, I remember looking at a Gen 1 Ford Raptor on a dealer lot when they first came out, and the dealer had a $2,500 markup on it, I walked away on principle. Looking back at it, probably would have been worth it to pay that due to the resale value the Gen 1 Raptors maintained. That being said, most of the markups dealers are doing today seem predatory, because they are doing them on everyday vehicles, not special editions or limited runs. Neither Ford nor Hyundai have given any indication the Lightning, Mach E, or Ioniq 5 are limited runs (and let's be honest, they would be pretty lame limited editions if they were...fine everyday, but lame if limited.). And let us keep in mind, despite the reports we read online, there are still dealers out there that are honoring MSRP.

 

[RideAlong]

a cool and very modern design. If it had the front bench seat like the Honda Urban EV would be a Home run !

 

[Friscorays]

Bummer about March 1, 2022.

 

[Canthoney]

I canceled my reservation. I called the dealer today and asked them how this process is supposed to work, like do I order a vehicle in my exact spec? They said no we don’t do that, and Hyundai doesn’t do build to order like Ford. Your reservation essentially doesn’t mean anything and doesn’t give you rights to any specific model at MSRP or anything. Dealers aren’t even obligated to call you, or reach out at all, your $100 is literally just sitting in limbo

They only had 3 coming in; 2 SEs, and an SEL. They said once they get a Limited they will be charging $7500 over list price, and the other models I listed will be $7500 over list price as well. I told them they haven’t been truthful with me, and I’m not paying over sticker.

I’m very disappointed in this process, and Hyundai does nothing to keep their dealers in check from overcharging and gouging people, and there’s literally no point to this reservation system. The concierge asked me why I’m canceling, and I said because your dealers suck, and my reservation means nothing.

 

[kanundrum]

I canceled my reservation. I called the dealer today and asked them how this process is supposed to work, like do I order a vehicle in my exact spec? They said no we don’t do that, and Hyundai doesn’t do build to order like Ford. Your reservation essentially doesn’t mean anything and doesn’t give you rights to any specific model at MSRP or anything. Dealers aren’t even obligated to call you, or reach out at all, your $100 is literally just sitting in limbo

They only had 3 coming in; 2 SEs, and an SEL. They said once they get a Limited they will be charging $7500 over list price, and the other models I listed will be $7500 over list price as well. I told them they haven’t been truthful with me, and I’m not paying over sticker.

I’m very disappointed in this process, and Hyundai does nothing to keep their dealers in check from overcharging and gouging people, and there’s literally no point to this reservation system. The concierge asked me why I’m canceling, and I said because your dealers suck, and my reservation means nothing.

Will be doing the same soon.

 

[SeaGeo]

what a shit show.

signed,
Not an Ioniq 5 reservation holder.

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