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108
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12/31/2024
Location
Lugoff, SC
US
I just watched a YouTube video only five hours old where the guy has an email from KTM with the 30 models now price reduced. Mostly 24 models for street but offroad were 24 and 25 models. Prices was in Euros but the 300SX was marked down 18.6%.
I just called KTM and there is no list that he is aware of for the US but KTM has removed MSRP on all models including Husq and GAS Gas meaning the dealers can now sell for below MSRP if the choose.
I'll be calling about the 300 TC tomorrow!!
unless dealers are getting a rebate back from KTM when they warranty register them, I wouldnt expect dealers to just start losing money by selling them below cost. The best thing for KTM to do would be sell their overstock/leftover vehicles cheaper to dealers so they are incentivized to keep last years model with a package on the floor plan and pricing.
Yeah, its not like dealers make 30% on bikes. On a new 450 if they sell at retail and don't charge freight or setup they make under a grand.
I wish I had more customers that understood this like you do.
Man, they've really squeezed the margins. When I worked at the dealerships back in the '80s the rule of thumb was to take 25% off list price on a dirt bike and that was dealer cost.
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Yup, margins on dirt bikes are pitiful, especially since everyone who ever raced C class thinks they should be "sponsored." When I worked at big multi-line dealerships, the other salesmen wouldn't go near the dirt bike customers. Not when there is a touring bike rider ready to drop $2000 on accessories alone.
If the Euro price list that I saw carries to the US, I'm guessing this is the "new" price that the dealers pay for the bikes s I wouldn't expect anything less than that except removing some of the fees. In my state, a dirt bike is a certificate and not a title. There are no Husq dealers in Sc so most will sell to my with no sales tax. Fair deal to me. It's unusually warm for Feb so my itch to buy is getting pretty bad.
New article with the list just popped up.
https://www.visordown.com/news/ktm-confirms-revised-price-990-duke-and-…
might have to get a 25 250 SX if the prices go down low enough
Just a friendly word of warning - be careful buying a dirt bike from an out of state dealer if you live in SC and they don't collect sales tax from you. If an out of state dealer doesn't collect the sales tax from a SC resident, the resident is supposed to declare the purchase on their state income tax and pay a "Use Tax" equivalent to what the SC sales tax would have been on the purchase. This also covers internet purchases (implemented back before they started charging sales tax on most internet sales).
The SC DOR noticed a large dropoff in sales tax collected on ATVs and dirt bikes some years ago and put together a task force to audit dealers in nearby states and see if they were collecting the sales tax (people were crossing the state lines in several SE states to avoid the sales tax). If the SC buyer didn't pay the tax at the time of purchase, the DOR would see if they paid it on their state income tax. If it didn't show up as paid in either case, they sent them a letter with a bill for the taxes AND a big penalty along with accrued interest from the date of purchase. The best part is that there isn't a sunset clause on this law - they can come after you 50 years after the purchase for all the taxes, penalties and accrued interest. And once they've got you on their radar, they'll keep an eye on you.
Hope it helps.
I have thought about that. I called the DMV and they said since it isn't on road capable they could care less. On road capable, models with lights etc is a different story. There also aren't any Husq dealers in Sc. From what the dealers have told me and what I've seen in the internet from other states, since it's not titled, SC should not have any knowledge of the purchase and I'm not gonna list it on my taxes. It could be a gamble, your right. Thanks for the insight.
Quite amazing how efficient the government is when it comes to tracking down “their” money isn’t it??
Don't mention it, just hate to see someone get burned unnecessarily.
FWIW, DMV doesn't get involved (you're right, they don't care about the taxes since that's not their domain), it's strictly a DOR thing - and they love the money.
SC typically doesn't get a report of what a SC resident bought from an out of state dealer, but they do audits on out of state dealers from time to time to see what they can find. They have reciprocal agreements with a number of states to help each other collect the taxes. One of the biggest dealership targets was Southern Honda in the Chattanooga area. They'd sell huge numbers of off-road units to out-of-staters and one of the selling points was "no sales tax for non-Tennessee residents". Turned out to be more expensive than a lot of people imagined. And they don't take "I didn't know" as an excuse. They say, "You signed your taxes, you should have known since it's on there and you're liable" and penalize you for not reporting it.
You're right, it's a gamble. I don't know how aggressively they pursue this nowadays but I know several people personally who got nailed by them and it cost a lot more than if they'd just paid the taxes to begin with. The worst part is even if they wait 20 years to do an audit and find it, they can (and probably will - think "economic downturn" and how can they drum up more money) still come after you and calculate the penalties and interest going back to the day of purchase. Nasty stuff.
Anyway, just thought it might be better to be informed than not. Good luck finding something if they chop the prices and let us know what you score and for how much. 👍
Anyone wonder why they're pushing electronic currency?
And they'll spend a dollar (or a thousand of them) chasing a dime since it all comes from the same source. 🙄
Oops, you just told them!
Alabama asks you to pay that tax as well. I ain't volunteering shit. If they come after me then fine I'll pay it then. If they wanted to collect the taxes they would have a system in place to get the mos put in our name, the same way the do car purchases and titles.
Only difference is Alabama ain't got no one doing audits that I'm aware of. Like I said, if they come after me in 20 years I guess we will deal with it then. Appreciate the heads up though! So far most of my purchases are ga, Tenn and miss. Never bought in a.carolina.
Not just on ktm other brands as well. If you sell at retail without fees, on some models you make well under a grand.
KTM was giving 1.5 years of credit for each bike to dealers from latest Gypsy with Anton (Stark)
Yeah that was a generalization for any full size bike. And yeah minis and play bikes are basically just a free service dealers give to customers with essentially zero profit. It’s honestly pretty shitty of all the manufacturers how they give the dealers so little ability to actually make money.
Pit Row
KTM US site still shows MSRPs. The word has been that KTM NA was doing fine financially. Were the EU dealers knocking off thousands late in 2024 (on the 2024 models) like the US dealers were?
Spooner don't forget that if you sell some units at retail you can actually lose money.
Village, that is not correct.
there is no fire sell. On feb 1st ktm is now offering rebates again. But for about half of what it was last year. Hardley a fire sell. That is not going to happen. KTM will protect their product and not devalue it. So if you want a bike just go get one. I bought a 24 500 excf Monday will half the rebate if I would have bought it in December.
I agree, hitting them with fuel and frt. surcharges and removing the profit reserve is also a problem.
As I said originally, " it may have started". Rebates didn't start Feb 01, not in the states, but financing only. Only MSRP was removed here. I'd say 20% off a bike that for up until now was at MSRP is starting to be a good deal. I expect it to get better. I'm not looking for a 24 and some dealers are still selling them for less if you can find them. I want a 25 and dealers were stuck at MSRP plus fees. My local dealer will sell at MSRP with no fees. Not bad. Rebates come from the manufacturer and have no affect on the dealer profit. I expect dealers that want to finally start selling bikes will lower a bit more though it may take another month. We shall see.
What is not correct? The figure I gave?
The real story will be known at the hearings at the end of the month.
I’d wait until March. Just in case their restructuring plan doesn’t work. Who knows what the gameplan is at that point or if you’d even want to buy one if the worse case scenario happens.
We never saw 25% profit on dirt bikes.
I can only relate my personal experiences from the dealers I worked at back then. If a 125 listed at say $1999, the dealer cost we were shown was in the $1500 neighborhood. We were allowed to buy bikes and parts at cost + 10%. The bike would have been around $1650 plus tax.
I can't imagine they'd sell to us at a loss, especially when their parts were always sold at retail plus.
It’s because everyone is tired of getting fucked over by greedy corporations. If you are a salesman’s you can’t take it personally. We could give a fuck about how much your million dollar business makes or doesn’t make. Even worse with the manufacturers. Maybe they should stop charging 22% on interest rates for people that can’t afford to buy outright and don’t charge crate and set up fees. And I don’t want to hear about “oh well the mechanics need to get paid for set up. Most of those dudes go off a set rate but put together a bike in an hour while getting paid for 4.
damn, but if you're that worried about interest rates buying a new dirt bike, maybe you can't afford one. You're blaming everyone else for your problems. Wow
A high profit margin monopoly business backed with violence.
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