Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
Replying to: isellhondas (Sep 30, 2008 10:38 am) You should have taken it to be painted at "Earl Schieb". I think they still have that $99 special. Could have saved you guys some big $$$. |
|
|
Replying to: boomchek (Sep 30, 2008 11:05 am)  I guess with what is going on with Wall Street, we can't expect too many honest answers any more, Huh?? 
|
|
|
Replying to: madmanmoo (Sep 30, 2008 11:06 am) You have to have a subscription. Not something that someone who buys a car every 4-5 yrs is gonna pay for.
|
|
|
Replying to: volvomax (Sep 30, 2008 11:55 am) 
|
|
|
Replying to: volvomax (Sep 30, 2008 11:55 am) This little black book is one of the reasons why people do not trust dealers. If they wanted to be completely transparent they would leave these things laying around for you to take a look at.
|
|
|
|
|
I always suggest to my customers to take an average of the three most widely used vehicle valuation soruces; edmunds, kbb and nada. I ask them to be honest about vehicle condition which is usually at best "fair" condition. You'll see that all three are very different but when averaged out, they are pretty close to Manheim reports, also know as MMR. |
|
|
|
|
Replying to: madmanmoo (Sep 30, 2008 11:06 am) I never get a hug when I give some one their Actual trade value....  I had a guy last night who had a 1999 Ford F150 XLT, 4x4, V8, extended cab. Now I always ask what the milage is before I go out to the vehicle and he tells me 160k. Now I know what you are thinking, the same thing I was ... This truck must be worth alot  .... Now when I go out to the vehicle his odometer isn't working. i have notice that to be a common problem with the Ford trucks with the electrical display. I offer him $1500. The truck runs a little rough, can't prove the milage, needs tires and God only knows what else... Now here is the best part... He thinks it is worth $6000. I ask him where he came up with that KBB ( I am just guessing), Edmunds?? He says nope.... That is just what I think it is worth. I love that line. I ask him if his aware of the situation of the so called gas crisis and the financial crisi of the country? He says yep. And than he says that's how he knows I am going to give him all $6000 and also take $5000 off a Murano because we (the dealership) needs to sell cars and he is going to take advantage of the situation  Thats when I reply "No problem I understand what you are thinking but I am only going to take $2300 off the Murano and I went all the way up to $2000 for his vehicle. You probably already guessed that he was going to have to think about that offer. I told him no problem we would think about too. Needless to say he isn't answering any calls today on the last day of the month which is fine because I think we were a little high at $2000 for his vehicle GP
|
|
|
|
|
i am pretty sure it was on one of these forums, someone posted a link to their cu, which has a link to the 'black book'. use your search skills to find it.
|
|
|
|
|
Replying to: stickyman (Sep 30, 2008 11:45 am) You lost me.... Who can't you expect honest answers from? GP |
|
|
|
|
Replying to: houdini1 (Sep 30, 2008 12:58 pm) I don't believe that to be true. I have showed the black book numbers to people, I have showed the galves book to people.... Ya know what? It doesn't matter if I show it or not because people are going to believe what they want to believe anyway. Lets say the dealerships left this book lying around. Do you think it would make a difference? No... it wouldn't. You can look up invoices on line... here at Edmunds... does that help? in my opinion I think it complicates things sometimes. The reason I think that is because now that everyone knows that info they want to pay invoice or less. So now you want to know auction values. Than people will want to pay invoice and auction value leaving no room for profit... It is already bad enough that KBB's and edmunds are higher than actual auction values. Let me ask this question.... If the consumer did have all the exact information.... What would be a fair profit for a dealer to make? Salespeople at dealerships everywhere want to know GP
|
|
You are here:
Forums
Smart Shopper Got a Quick Question for a Car Dealer?
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
