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Stories from the Sales Frontlines

48021 messages,  Last post on Dec 01, 2009 at 8:07 PM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Buying


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#44349 of 48021
Re: Used Chryslers Going Up In Value [oldfarmer50] by driver100
Jul 02, 2009 (12:55 pm)
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Replying to: oldfarmer50 (Jul 02, 2009 12:25 pm)

Have used cars really seen a 16% increase in prices in recent months? How long do you expect this to continue?
 
Soon, it will be worth $4500!
#44350 of 48021
Re: Used Chryslers Going Up In Value [driver100] by oldfarmer50
Jul 02, 2009 (1:38 pm)
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Replying to: driver100 (Jul 02, 2009 12:55 pm)

"...it will be worth $4500..."
 
Ha Ha Ha! Oh, that's good! Too bad it gets 23-25mpg.
#44351 of 48021
Re: Dealer bate and switch [driver100] by explorerx4
Jul 02, 2009 (1:40 pm)
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Replying to: driver100 (Jul 01, 2009 3:48 pm)

ok, a 2009. they do have a little stub for a lock button. i couldn't get a good look, but i think the passenger side has a place to unlock the door with the key, at least the base model.
#44352 of 48021
Re: Used Chryslers Going Up In Value [oldfarmer50] by boomchek
Jul 02, 2009 (2:06 pm)
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Replying to: oldfarmer50 (Jul 02, 2009 12:25 pm)

There are always minor market fluctuations, but overall used cars will depreciate.
 
This is my speculation, based on what I've seen in our region:
 
While Chrysler factories were closed for a month, inventory was getting slim, and dealers turned to auctions to buy up used 1 year old models to sell on their lots.
 
Because the new car shortage affected most Chrysler dealers, and not just a few dealers in a specific region), most of them were after the same cars (ex rental Dodges, Jeeps) at the auction so because demand was up, so was the bidding on these cars, and ultimately their auction selling prices. This would have an effect on retail selling prices, and would create a slight bump.
 
This would also have a minimal trickle down effect to the bottom feeder type used cars as well.\
 
Another possibility of why used car values might be up slightly, especially on older sub $2k cars, is because it has gotten harder to obtain sub prime financing, especially for folks with recent lates and repos, so they have no choice but to turn to the bottom end of the used car market and buy such cars for cash.
#44353 of 48021
Re: Used Chryslers Going Up In Value [oldfarmer50] by deltheking
Jul 02, 2009 (2:55 pm)
Reply

Replying to: oldfarmer50 (Jul 02, 2009 12:25 pm)

A used car is a used car is a used car...it will depreciate..Maybe the prices are slightly higher now,,but eventually used will always be cheaper than new.
The only scenario where a used car would be as much as a new car would be--If there is no production of new cars which is not going to happen.
Just MHO.
#44354 of 48021
Re: cash for clunkers [oldfarmer50] by houdini1
Jul 02, 2009 (3:49 pm)
Reply

Replying to: oldfarmer50 (Jul 02, 2009 10:22 am)

JD Power initial quality ratings just out and there is a tie for first place in the compact SUV category:
 
Chrysler PT Cruiser
Honda CRV
 
You did good !!
#44355 of 48021
Re: Dealer bate and switch [dtezla] by explorerx4
Jul 02, 2009 (4:16 pm)
Reply

Replying to: dtezla (Jul 02, 2009 4:31 am)

if the glass etch doesn't match the vin, that could be a red flag.
#44356 of 48021
Re: Dealer bate and switch [jwilliams2] by snakeweasel
Jul 02, 2009 (4:46 pm)
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Replying to: jwilliams2 (Jul 02, 2009 5:15 am)

A long time ago I helped with audits of dealerships, we did cost out the work needed to do the paperwork and it worked out to about $10-15.
 
Now it should be much less as most things are done electronically. When I bought my last car the title work was done in about a minute on line with the F&I guy.
#44357 of 48021
Re: Dealer bate and switch [snakeweasel] by boomchek
Jul 02, 2009 (5:47 pm)
Reply

Replying to: snakeweasel (Jul 02, 2009 4:46 pm)

Not everyone's paperwork or approval is a straight forward and easy transaction. I'm not even counting the hundreds of times where we worked on an approval for someone (without a deposit), and took up staff time doing so, only to have the customer say they changed their mind and didn't want a vehicle anymore.
#44358 of 48021
Re: Dealer bate and switch [explorerx4] by driver100
Jul 02, 2009 (5:48 pm)
Reply

Replying to: explorerx4 (Jul 02, 2009 1:40 pm)

but i think the passenger side has a place to unlock the door with the key, at least the base model.
 
I think that's the problem (2009 Ford Focus). The base model doesn't have a remote and you can't pull the little button up from inside, so the driver has to go around and unlock the door for the passenger before getting into the car himself. Kind of awkward!

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