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Dude, where did all the dealerships go?

650 messages,  Last post on Nov 08, 2009 at 5:47 PM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

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


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#114 of 650
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 650
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 650
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 650
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 650
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 650
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!!!"
#120 of 650
Re: When things are REALLY DESPERATE!!! [lemko] by gagrice
Dec 30, 2008 (7:33 am)
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Replying to: lemko (Dec 30, 2008 7:20 am)

What does that tell you about Buick and Cadillac? When you have to have 1/3rd down for anyone to loan on them. Times are tough in the car business. There are lenders with money to loan. They just don't want to be stuck with cars that have NO value after sale. All GM would have to do is offer a full size SUV with a diesel that gets close to 30 MPG on the highway and I would give them another chance. Though I don't think they have gotten any better since 2005. I was not that impressed with the luxury of the 2007 Escalade I took for a test drive. It handled nicely. Seats felt like cardboard. The 2006 Escalade was much more comfortable seating. Like I told you the last Cadillac car I liked was the 1958 Convertible. All down hill since then.
#121 of 650
Re: When things are REALLY DESPERATE!!! [lemko] by nippononly
Dec 30, 2008 (8:30 am)
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Replying to: lemko (Dec 30, 2008 7:20 am)

You definitely get the sense that there is a lot of desperation out there among dealers. We have a dealer here that is offering any used 2007 or newer vehicle from his lot for $0.01 if you buy a new Dodge Ram at MSRP. Whoa!
#122 of 650
Re: When things are REALLY DESPERATE!!! [gagrice] by boaz47
Dec 30, 2008 (10:44 am)
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Replying to: gagrice (Dec 30, 2008 7:33 am)

I agree with you part of the problem the dealers are having is people trying to trade in a car. It is better to pay the sucker off and keep or sell it outright. In truth you don't make money in a resale and even the best resale would break even. But still you have paid to drive the vehicle $xxx.xx a month. With a paid off vehicle you only pay for repairs and gas. Like my Tahoe I can afford to keep it even if gas were $4.00 because I only drive it to tow or haul or if I want to take someone out to dinner and I want to go in comfort. Little cars aren't much for social engagements when women have to wear a new dress. we don't do that as much with the economy like it is but we used to.
 
Leasing or trading in every three years is like renting an apartment. Sure you have a nice place to live but it is never "yours".
 
What is good about things right now is you can get a very nice used car at a discount that will make many of us drool. People bought over their head with their cars much like some did with their houses and I see almost new cars being sold every day. Things got so inflated that people stopped thinking about ever paying off their house or their car. Now that thinking has come home to roost.
#123 of 650
down the tube in a different way by steve_ HOST
Jan 01, 2009 (9:53 am)
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"there will always be a need for dealerships to service those products. I think that those dealership that remain nimble and flexible will survive, but there will definitely be a 'thinning of the herd,"
 
One Small Town Dealership Feels the Pinch but Sees Hope in the Future
 

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