OT: a few questions for you car salesmen/dealers?
03-06-2003, 04:59 PM
#11
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Cgarrett
The only thing the books like NADA & KBB are good for are the "loan values" for bankers and the "average retail" for insurance adjusters. Other then that, they're a joke for used car wholesalers.
Wholesalers have to be on top of the market. The market changes weeky and yes sometimes even daily. Within 30 days after 9/11, there were over 850,000 fewer rental cars in service. Most of them were returned to the manufacturers as part of guaranteed buyback program and the rest of them were canceled orders. The ones returned to auction had an immediate impact on prices. The market dropped drastically within days.
The other factor that subjects used cars to price declines are the manufacturers rebates, 0 down, 0% and the rest of the BS that goes along with them trying to move cars. When people can buy new vehicles with all the spiffs, no money down, no payments for a year, no interest, no this or that.......who the F*&k wants to buy a used car, when they can get a new one for the same monthly payment.
So my friend, back to the books.......they CAN'T PRINT THEM FAST ENOUGH to keep up with the auction.
And as a fellow OSO member, if you want a free appraisal of your vehicle for today, let me know and I'll be glad to give it to you. By the way my computer gets updated with results daily.
The only thing the books like NADA & KBB are good for are the "loan values" for bankers and the "average retail" for insurance adjusters. Other then that, they're a joke for used car wholesalers.
Wholesalers have to be on top of the market. The market changes weeky and yes sometimes even daily. Within 30 days after 9/11, there were over 850,000 fewer rental cars in service. Most of them were returned to the manufacturers as part of guaranteed buyback program and the rest of them were canceled orders. The ones returned to auction had an immediate impact on prices. The market dropped drastically within days.
The other factor that subjects used cars to price declines are the manufacturers rebates, 0 down, 0% and the rest of the BS that goes along with them trying to move cars. When people can buy new vehicles with all the spiffs, no money down, no payments for a year, no interest, no this or that.......who the F*&k wants to buy a used car, when they can get a new one for the same monthly payment.
So my friend, back to the books.......they CAN'T PRINT THEM FAST ENOUGH to keep up with the auction.
And as a fellow OSO member, if you want a free appraisal of your vehicle for today, let me know and I'll be glad to give it to you. By the way my computer gets updated with results daily.
03-06-2003, 07:00 PM
#13
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Cordell
I'm working on tomorrow's auction material right now, if you want me to look something up for you. I have it right on my screen.
Just give me year, make, model, trim and I'll plug it right in.
I'm working on tomorrow's auction material right now, if you want me to look something up for you. I have it right on my screen.
Just give me year, make, model, trim and I'll plug it right in.
03-06-2003, 07:06 PM
#14
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Just to give you at hint at what we're talking about here. This is a partial number of vehicles registered for tomorrows sale. This will push upwards of close to 9,000 before tomorrow morning.
03-06-2003, 07:07 PM
#15
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WHOOPS.......
03/07/2003
(7786 vehicles as of 03/06/2003)
Questions regarding Manheim Auto Auction pre-sale lists should be directed to Pattie Fedula - Promotions Coordinator,
03/07/2003
(7786 vehicles as of 03/06/2003)
Questions regarding Manheim Auto Auction pre-sale lists should be directed to Pattie Fedula - Promotions Coordinator,
03-06-2003, 10:52 PM
#16
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Dually trucks have always been worth about $3000 more at auctions. But they cost more new..
A good clean Pickup is always in demand, and bringing over book @ the auctions. (I go 3 times a month)
www.southshoreleasing.com
A good clean Pickup is always in demand, and bringing over book @ the auctions. (I go 3 times a month)
www.southshoreleasing.com
03-07-2003, 02:12 AM
#17
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ScalpTaker,
You're absolutely right. Clean, sharp looking, low mileage vehicles of just about any make always bring top dollar and are usually out of the book at Manheim. There's always the exception for these vehicles. You know the deal.....a hot model, right color, low miles, no paint work that's what all the dealers are looking for and that's what drives up the bid.
Do you come down to Manheim often? I'm there every Friday and every Highline sale on Thursdays? Been doing this since 1973.
You're absolutely right. Clean, sharp looking, low mileage vehicles of just about any make always bring top dollar and are usually out of the book at Manheim. There's always the exception for these vehicles. You know the deal.....a hot model, right color, low miles, no paint work that's what all the dealers are looking for and that's what drives up the bid.
Do you come down to Manheim often? I'm there every Friday and every Highline sale on Thursdays? Been doing this since 1973.
