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Dude, where did all the dealerships go?

653 messages,  Last post on Nov 14, 2009 at 6:23 PM

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What is this discussion about? Car Buying, Automotive News, Legislation


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#110 of 653
Re: Cars Leaving Lots Without Drivers [lemko] by gagrice
Dec 29, 2008 (6:12 pm)
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Replying to: lemko (Dec 29, 2008 5:29 pm)

I think from the article it paints a picture of what GM is trying to accomplish. I still do not understand how they ended up with too many dealerships. It seems the more exposure the better. So now GMAC has truckloads of Caddies. What do they do with them? You know if they wholesale them right now it will be lucky to get 50 cents on the dollar.
#111 of 653
Re: Cars Leaving Lots Without Drivers [gagrice] by nippononly
Dec 29, 2008 (6:14 pm)
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Replying to: gagrice (Dec 29, 2008 6:12 pm)

So now GMAC has truckloads of Caddies. What do they do with them? You know if they wholesale them right now it will be lucky to get 50 cents on the dollar.
 
Won't they just sell them to a different dealer? They can still be sold as new, just like any car fresh from the factory.
#112 of 653
Re: Cars Leaving Lots Without Drivers [nippononly] by gagrice
Dec 29, 2008 (7:20 pm)
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Replying to: nippononly (Dec 29, 2008 6:14 pm)

I'm sure they can. If they can find a dealer that wants to take them at the current GM price. Everyone is looking for a deal. That would include the dealers.
#113 of 653
Re: Cars Leaving Lots Without Drivers [gagrice] by fezo
Dec 29, 2008 (7:23 pm)
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Replying to: gagrice (Dec 29, 2008 7:20 pm)

Speaking of GMAC, now we own it.
#114 of 653
Re: Cars Leaving Lots Without Drivers [gagrice] by bumpy
Dec 29, 2008 (7:45 pm)
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Replying to: gagrice (Dec 29, 2008 6:12 pm)

. I still do not understand how they ended up with too many dealerships. It seems the more exposure the better.
 
Well, that worked in the old days when the margins were a lot better for each dealer, and the roads were crappier so driving 25 miles to get a better deal wasn't a realistic option. These days the margins are a lot lower so dealers have to move more product to compensate, which drives them into ruinous competition with each other.
#115 of 653
I think next year by boaz47
Dec 29, 2008 (8:10 pm)
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We should see whole lots full of highly discounted cars. The 2008s that didn't sell can't be sold for what they will have to discount the 2009s and by 2010 those 2008s and even the 2009s should discounted way down.
#116 of 653
Re: I think next year [boaz47] by gagrice
Dec 29, 2008 (8:57 pm)
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Replying to: boaz47 (Dec 29, 2008 8:10 pm)

I just got an email from our Mercedes dealer. They have 50 cars that no reasonable offer will be refused on. They are showing 2009 E class MSRP $55k for $44k. They have 6 2009 ML 320 blutech diesels showing. I think I will go have a look. I could be tempted if they are really desperate to sell. I have to go test drive the BMW X5 diesel first as they may be my first choice. It may be the time to deal or maybe the end of January will be even more brutal.
#117 of 653
Re: I think next year [gagrice] by nippononly
Dec 29, 2008 (10:45 pm)
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Replying to: gagrice (Dec 29, 2008 8:57 pm)

They are going to offer you next to nothing in trade for the Sequoia though - it is less than 2 years old, still in its steepest depreciation period, and used cars in general have dropped a lot in value in the last 6 months. I assume you are thinking of trading it, right?
 
When Mercedes dealers get this desperate, how bad must it be for the Ford and GM dealers?
#118 of 653
Re: I think next year [nippononly] by gagrice
Dec 30, 2008 (5:50 am)
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Replying to: nippononly (Dec 29, 2008 10:45 pm)

They are going to offer you next to nothing in trade for the Sequoia though
 
I don't do trade-ins. I will put it on Craigslist and I will get what I want or keep it. I think if gas stays cheap another couple months people will buy it. Still the best vehicle Toyota ever built. Ask what the sales managers of most Toyota stores buy. The Sequoia is Number One choice. The 2007 was so much better looking than the 2008. I look at Auto Trader and they are rare in 4X4 Limited. The few listed by dealers are priced over what I paid new. Most have more miles than mine also. I have not passed 8000 miles yet.
 
Even getting a great deal on a Mercedes I would have to keep it. I don't think it will hold its value like a Toyota.
#119 of 653
When things are REALLY DESPERATE!!! by lemko
Dec 30, 2008 (7:20 am)
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"$99 Down! $99 a month on new Mercedes-Benzes and BMWs at the Cherry Hill Triplex!" "Bad Credit? No Credit? Bankrupt? In prison? NO PROBLEM!!!"

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