Toyota Fortuner commanding 3 Lakh+ premium in Grey Market! EDIT Booking opens in Jan

stanjohn123 · 29th November 2009, 17:09

I hope no one from T-bhp has bought a Fortuner with a premium amount.

ACM · 30th November 2009, 08:57

1) Less than 1% of the buyers would be buying - paying such a premium so there is no possiblity of Toyota taking this as a reason for price rise - though removal of excise benifits given to beat the recession in Apr 2010 could be a valid reason.

2) If the off take against such a premium was higher than Toyota would detect it immediately. This is mainly done by multibrand showrooms (in colusion with Toyota brand showrooms - without the offical setup being directly involved, the penalty of removal from the network that Toyota can impose is too stiff for such a chance to be taken.)

3) The demand is especially high now for the marriange season and earlier was for the diwali season where specific dates and special occation gifting was required.

4) Millenium Toyota at Thane (mumbai promised me a a normal delivery around March for a car booked in Jan.)

4x4addict · 30th November 2009, 09:34

Agree with ACM. This hype is purely from people who want to be the first few owners of a new model and secondly related to wedding/festival buying. The premium will soon disappear. A year from now, I see free insurance deals like with the Innova.

Dippy · 30th November 2009, 09:49

Should we merge this with our Review thread?

4x4addict · 30th November 2009, 11:08

Quote:

Originally Posted by Dippy

Should we merge this with our Review thread?

Maybe not. Since this thread will no longer be useful in a few months. The review thread will still be useful for buyers.

Caramelo · 30th November 2009, 11:20

WOOOOTT!!! i can't beleive it wow!

i hope toyota now does not raise the prices buy giving stupid resons like cost structure and steel prices and the mighty yen has been responsible!!

.anshuman · 30th November 2009, 12:10

Quote:

Originally Posted by 4x4addict

Maybe not. Since this thread will no longer be useful in a few months. The review thread will still be useful for buyers.

As long as Fortuner is in short supply this thread will be alive, so will be Toyota dealers arrogance.

imp! · 30th November 2009, 13:21

Ravindu and Nandi in Bangalore claim not to guarantee delivery for 12-24 months depending on day of booking (1st day, 2nd day or 3rd day after bookings opened, 4th day the bookings closed!!); so in Bangalore people very well may pay through their noses if they want the car bad enough !! I suppose there will always be basket cases out there.

Ramsagar · 30th November 2009, 14:14

Dealers are milking money from the customers. Many of the politicians using their influence ana grabbing this from customers who were in waiting period for a long time.

In HSR layout in B'lore I've seen 2 Fortuner's in the same lane. This seems to be in Envy of neighbors.

Any idea about waiting period in B'lore. And which dealer is demanding more premium amt.?

bigman · 30th November 2009, 14:15

I went to the Toyota dealer in Jalandhar about 3 weeks ago. They quoted a 6 month wait for mica grey but said bookings were also suspended. No test drive was possible either.

dilipkumar7278 · 3rd December 2009, 21:44

Guys
The dealer told me last week that I will be getting fort this month as I am 7th in the booking list(grey colour). but yesterday they say that only 3 grey color cars are coming and that I have to wait till jan. I definitely suspect some foul play in it. How do I know the actual details of the same?
Cheers

RickyC · 3rd December 2009, 23:17

This may be because your car has been diverted to a more 'willing' customer. But look at the other side, you may be getting a 2010 model in January. The flip side is that you may have to bear the brunt of a price rise that TKM is contemplating about.

ACM · 4th December 2009, 11:39

Quote:

Originally Posted by dilipkumar7278

Guys
The dealer told me last week that I will be getting fort this month as I am 7th in the booking list(grey colour). but yesterday they say that only 3 grey color cars are coming and that I have to wait till jan. I definitely suspect some foul play in it. How do I know the actual details of the same?
Cheers

You are better off with a Jan delivery date - ask for Jan manufacturing date as well. Better value.

vijaythacker · 4th December 2009, 11:42

Quote:

Originally Posted by dilipkumar7278

Guys
The dealer told me last week that I will be getting fort this month as I am 7th in the booking list(grey colour). but yesterday they say that only 3 grey color cars are coming and that I have to wait till jan. I definitely suspect some foul play in it. How do I know the actual details of the same?
Cheers

well you can wait and can ask for 2010 manufactured vehicle.might get at end of Jan or Feb.

DKG · 4th December 2009, 11:43

The story dealers are using is "A customer who booked the car is willing to sell it at 3 lacs plus. I will talk to him if you are interested"

This is called daylight robbery. Toyota is obviously sleeping

29th November 2009, 17:09	#31
stanjohn123 Senior - BHPian Join Date: Oct 2008 Location: TN 75 Posts: 1,345 Thanked: 1,798 Times View My Garage	I hope no one from T-bhp has bought a Fortuner with a premium amount.
	() Thanks

30th November 2009, 08:57	#32
ACM Distinguished - BHPian Join Date: Mar 2008 Location: Mumbai Posts: 4,745 Thanked: 4,361 Times View My Garage	1) Less than 1% of the buyers would be buying - paying such a premium so there is no possiblity of Toyota taking this as a reason for price rise - though removal of excise benifits given to beat the recession in Apr 2010 could be a valid reason. 2) If the off take against such a premium was higher than Toyota would detect it immediately. This is mainly done by multibrand showrooms (in colusion with Toyota brand showrooms - without the offical setup being directly involved, the penalty of removal from the network that Toyota can impose is too stiff for such a chance to be taken.) 3) The demand is especially high now for the marriange season and earlier was for the diwali season where specific dates and special occation gifting was required. 4) Millenium Toyota at Thane (mumbai promised me a a normal delivery around March for a car booked in Jan.)
	() Thanks

30th November 2009, 09:34	#33
4x4addict Distinguished - BHPian Join Date: Nov 2007 Location: Chennai Posts: 4,483 Thanked: 4,529 Times View My Garage Infractions: 0/1 (5)	Agree with ACM. This hype is purely from people who want to be the first few owners of a new model and secondly related to wedding/festival buying. The premium will soon disappear. A year from now, I see free insurance deals like with the Innova.
	() Thanks

30th November 2009, 09:49	#34
Dippy Senior - BHPian Join Date: Feb 2004 Location: Mumbai, India Posts: 7,558 Thanked: 2,462 Times	Should we merge this with our Review thread?
	() Thanks

30th November 2009, 11:20	#36
Caramelo BHPian Join Date: Nov 2008 Location: ahmedabad Posts: 769 Thanked: 16 Times	WOOOOTT!!! i can't beleive it wow! i hope toyota now does not raise the prices buy giving stupid resons like cost structure and steel prices and the mighty yen has been responsible!! Last edited by Caramelo : 30th November 2009 at 11:24.
	() Thanks

30th November 2009, 13:21	#38
imp! BHPian Join Date: Aug 2009 Location: Bangalore Posts: 776 Thanked: 468 Times	Ravindu and Nandi in Bangalore claim not to guarantee delivery for 12-24 months depending on day of booking (1st day, 2nd day or 3rd day after bookings opened, 4th day the bookings closed!!); so in Bangalore people very well may pay through their noses if they want the car bad enough !! I suppose there will always be basket cases out there.
	() Thanks

30th November 2009, 14:14	#39
Ramsagar Senior - BHPian Join Date: Dec 2006 Location: BLR_Nellore(AP) Posts: 1,396 Thanked: 252 Times View My Garage	Dealers are milking money from the customers. Many of the politicians using their influence ana grabbing this from customers who were in waiting period for a long time. In HSR layout in B'lore I've seen 2 Fortuner's in the same lane. This seems to be in Envy of neighbors. Any idea about waiting period in B'lore. And which dealer is demanding more premium amt.?
	() Thanks

30th November 2009, 14:15	#40
bigman Senior - BHPian Join Date: Oct 2005 Location: NA Posts: 1,224 Thanked: 93 Times	I went to the Toyota dealer in Jalandhar about 3 weeks ago. They quoted a 6 month wait for mica grey but said bookings were also suspended. No test drive was possible either.
	() Thanks

3rd December 2009, 21:44	#41
dilipkumar7278 BANNED Join Date: Mar 2006 Location: COCHIN Posts: 441 Thanked: 109 Times View My Garage	Help!!! Guys The dealer told me last week that I will be getting fort this month as I am 7th in the booking list(grey colour). but yesterday they say that only 3 grey color cars are coming and that I have to wait till jan. I definitely suspect some foul play in it. How do I know the actual details of the same? Cheers
	() Thanks

3rd December 2009, 23:17	#42
RickyC BHPian Join Date: Nov 2009 Location: New Delhi Posts: 84 Thanked: 56 Times	This may be because your car has been diverted to a more 'willing' customer. But look at the other side, you may be getting a 2010 model in January. The flip side is that you may have to bear the brunt of a price rise that TKM is contemplating about.
	() Thanks

4th December 2009, 11:43	#45
DKG Senior - BHPian Join Date: Feb 2008 Location: Hyderabad Posts: 3,711 Thanked: 1,389 Times View My Garage	The story dealers are using is "A customer who booked the car is willing to sell it at 3 lacs plus. I will talk to him if you are interested" This is called daylight robbery. Toyota is obviously sleeping
	() Thanks