I would have fully agreed if prices would not have changed. Everyone selling at 80 sticker price is taking 500k over current invoice and actually all cars are 67 invoice. So basically the new price is the new baseline and no new invoice cars exist. This is why u find it 5-6 lac own over current invoice. Basically, its straight 1.5M profit to 99% sellers.
That's not bubble bursting, that's a market correction. if the bubble would have busted, we should be seeing RS selling close to the previous invoice, just like Tuscon / Sportage and now Sonata is selling way under invoice. Civic has sold exceptionally well btw and orders in queue is atlas profit as well
BTW, we did see a dip to 77-78 lac for RS but since Dollar uncertainty started again with a delay in deliveries, it's going over 80 again. Remember, these cars which are being sold are actually 6700k invoice cars.
People who paid 1 million actually paid 7.2M in March and April and actually are still in profit... This is what a market car pays. They all made very wise decisions actually.
HRV is another debate.
