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Smart Shopper Got a Quick Question for a Car Dealer?
2394 messages, Last post on Nov 03, 2009 at 11:03 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: oldfarmer50 (Jan 06, 2009 4:53 pm) |
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Replying to: mursilis (Jan 06, 2009 12:52 pm) Dealers, like everyone else, hate losing money. Since they own the cars already, they can wait for the right buyer. There is an axiom in the car biz that there is an a$$ for every seat.
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Replying to: volvomax (Jan 07, 2009 12:22 pm) Say its a $20K car and they could have sold it for a $2K loss two years ago. Wouldn't it make more sense to take the $2K loss and use the $18K to build up inventory that sells faster and earn $2K or more in two years or keep it for two years and still have $20K sunk in something that doesn't move? Sometimes you have to take a loss and take it early.
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Replying to: snakeweasel (Jan 07, 2009 3:08 pm) Most dealers won't take a loss at all if they can help it. Even if it means sitting on inventory. If you have $3-5 million wrapped up in inventory, $20k isn't gonna make you or break you. However, taking losses on cars can and does get sales managers fired. Owners don't mind spending $$ on inventory. They DO mind it when you take a hit. Sales managers know this, hence the tendency to keep a car until you get what you want for it. These are new 07's in question, and sometimes you simply don't have a customer. Even if you do want to take a small loss. You can't do anything until you have a buyer. We had a leftover 07 XC90 until July 08. no buyer interested in the car. Finally, we found someone who paid what we wanted. We got out of the car, no loss.
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Replying to: volvomax (Jan 07, 2009 5:22 pm)
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Replying to: explorerx4 (Jan 07, 2009 5:36 pm)
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Replying to: volvomax (Jan 08, 2009 7:53 am) |
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Which of two identical cars would you consider to be worth more, A car with 100K with original motor or a car with 100K which had the motor rebuilt at 80K? I have my own ideas but I'm just curious what the rest of the world thinks. |
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Replying to: oldfarmer50 (Jan 10, 2009 9:47 am) |
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Replying to: oldfarmer50 (Jan 10, 2009 9:47 am) Rebuilts have their own risk after all----who did the rebuild, did they disturb various parts of the car, etc. Rebuilts also bring up doubts ----what's with these engines that they need rebuilding in 80K miles? So the "advantage' of the rebuilt is offset by the unmolested qualities of an original untouched motor. EXCEPTION: If it were 200K on a car with original engine, versus a rebuilt motor at 180K, I might think differently, but even there, the value would not be all that much. |
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