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Stories from the Sales Frontlines

47909 messages,  Last post on Nov 26, 2009 at 9:59 AM

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What is this discussion about? Car Buying


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#3646 of 47909
Re: Does your dealer keep any classics? [mazda6iguy] by snakeweasel
Sep 15, 2006 (5:15 am)
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Replying to: mazda6iguy (Sep 14, 2006 3:03 pm)

I wish I owned a business that was so profitable I could take in expensive inventory and never sell it.
 
The very nature of business is to turn around inventory as quickly as possible. That being said I would say that dealerships that purposely hold onto cars for the sake of having "new" classics down the road are few and far between. Now there is always the case where they couldn't give away a car and it sat in the lot for years and years, but I would also suspect that that is indeed rare too.
#3647 of 47909
Re: A new car Salesman is born [genmtrfan] by snakeweasel
Sep 15, 2006 (5:31 am)
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Replying to: genmtrfan (Sep 14, 2006 6:16 pm)

Where do I start?
 
Well if you are a business professional with a Masters degree you should know the answer to this. First thing you do is create a business plan which includes a feesability study which includes "can the Nashville area support another Chevy dealership?" and "will Chevy allow another franchise in the area?".
#3648 of 47909
Re: Funny... [thebigal] by snakeweasel
Sep 15, 2006 (5:36 am)
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Replying to: the_big_al (Jun 27, 2008 3:16 pm)

Plus the vehicle I was driving was paid off and while it had close to 100K at the time, it still had no major issues and so I decided to go ahead and drive it till the wheels fell off
 
Yep you really did the right thing financially. If your current ride is paid off and it is running well and fits your needs then there is no real reason to get a new one. Put those car payments in the bank for a few years then pay cash for your next one.
#3649 of 47909
Re: A new car Salesman is born [denver_nissan] by snakeweasel
Sep 15, 2006 (5:41 am)
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Replying to: denver_nissan (Sep 14, 2006 7:05 pm)

I don't know much about the business, but Ford and GM are having a tough go of it now.
 
They may be having a tough go of it now but they are far from finished. In 5-10 years you might see a strong GM and Ford, in 20-25 years GM and Ford might be very strong with Honda and Toyota falling on hard times. Then again maybe not, but they are not going away any time soon.
 
A toyota place that offered me a position (they couldn't take me until February due to a driving record hang-up) told me $35-45K was more or less automatic.
 
Unless they are offering you a base salary (or salary against commission) of $35-45K then I would take it with a grain of salt. It it is a strictly a commission position nothing is automatic, anything above $0.00 is strictly up to you.
#3650 of 47909
Re: A new car Salesman is born [isellhondas] by snakeweasel
Sep 15, 2006 (5:42 am)
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Replying to: isellhondas (Sep 15, 2006 4:57 am)

First of all, do you have about 20 million lying around?
 
Or can you get financing for it?
#3651 of 47909
Re: Stories, please? [snakeweasel] by graphicguy
Sep 15, 2006 (5:51 am)
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Replying to: snakeweasel (Sep 14, 2006 12:17 pm)

Or, even more annoying "So, where do you work?
  
At the prison laundry, that is until my recent escape.
  
Got any kids,
  
Nope had to get rid of them when they wouldn't stop asking annoying questions. By the way how many bodies can you fit in the trunk?
  
Live around here?
  
No, I usually go to one of the furthest dealerships to buy my car. Oh can you ship this to my home in New Zealand?

 
Now....that's funny stuff.......
#3652 of 47909
Re: A new car Salesman is born [snakeweasel] by genmtrfan
Sep 15, 2006 (6:01 am)
Reply

Replying to: snakeweasel (Sep 15, 2006 5:31 am)

Are you just using Nashville as an example, because I didn't mention the name of the city?
 
I have enjoyed the comments. No, you can't make a business decision on nostalgia, yes you do need lots of money and/or credit and you've got to have a business plan.
 
I do disagree that Chevy would be a bad choice. They've got the full line, the Impala is selling like crazy with the Malibu not far behind. They've got the new Taho, new full-sized trucks (soon) and will have the new Camaro in a few years as well as a new Malibu next year. I also agree that you should sell what you would drive. There's a new Uplander in my driveway.
 
My question was more of a how do I get there from here? If you had the cash or credit you could buy an existing dealership. I'd say that you could buy for far less than 20 mil if you find the right situation. I know it would be very difficult to get a new dealership without experience. However, I could get some partners and the business experience in general would help.
 
I was also intrigued to hear that someone else's grandfather uses the term "Chevrolet garage." Funny how language changes.
#3653 of 47909
Re: A new car Salesman is born [genmtrfan] by au1994
Sep 15, 2006 (6:13 am)
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Replying to: genmtrfan (Sep 15, 2006 6:01 am)

"Chevrolet garage."
 
Doesn't the term go way, way, way back when many of the first dealership franchises were given to repair shops?
#3654 of 47909
Re: A new car Salesman is born [snakeweasel] by genmtrfan
Sep 15, 2006 (6:17 am)
Reply

Replying to: snakeweasel (Sep 15, 2006 5:42 am)

The answer to that is that I still have and 8-5 job, so would you think I have 20 mill? I have great credit, but I don't know how what percentage a bank would be willing to loan. Has anyone had any experience with GM Motors Holding?
#3655 of 47909
Re: A new car Salesman is born [au1994] by genmtrfan
Sep 15, 2006 (6:23 am)
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Replying to: au1994 (Sep 15, 2006 6:13 am)

Very possibly. My grandfather was at this dealership from 1943-2003, so it's an old one. He's 91 and was the Parts Manager and part owner. He'd still be there now if he could see over ten feet. But, yeah, he's still driving his '02 Impala.
 
I've got an '88 Iroc I've had since Sept. '87 and would love to put it on the showroom floor as an attraction.

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