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Showing content with the highest reputation on 02/23/20 in Posts

  1. 1 point
    Yeah, you could stop using their platform
  2. 1 point
    There is good demand for L2H2 vans if they are Blue HDI (Euro 6), even better with Professional spec (A/C). But with that mileage I would be expecting closer to £5500 + VAT.
  3. 1 point
    As a dealer I no longer feel in control. You have BCA and CAP which seem to be throwing out prices £200-1000 higher than Autotrader, then you you sell on Autotrader at there "Marker" price, which means you're being squeezed at both ends. I sincerely hope something crashes!, I've never had a stock loan, so when I've hit my purchasing limits I don't buy anymore! This used to give an opportunity for others to get a car I potentially would have bid on at auction and vice versa. With stocking loans, no one seems to have that purchasing limit and every decent car is going for near retail price. Its a crazy unsettling market, and like in 2008 something will have to give eventually!!!
  4. 1 point
    Its a bubble that could well burst. Those with heavy stocking loans must feel like hamsters on a wheel, sod that.
  5. 1 point
    Its the free stocking loans thats sent prices shooting for the stars in my opinion Most of these stocking plans HAVE to be used to 80/90% of the designated amounts the lender gave to the trader , so as soon as one car is sold it has to be replaced or the trader loses the facility . Hence they will just about pay any price to turn stock so as not to lose the stocking facility or have it reduced . This has the effect of training sellers to work for nothing , The stocking companies just want the money to keep turning as thats where their profits come from . Stupid silly times in reality run by people who know nothing about the car trade , BCA are one of the lenders now too , designed to sell their own cars , they will fund anyone really because they actually want the stock to return back after taking massive profits for the 3 months on the loans/buyers fees etc . Then of course repeat the success with another sale to another smuk who pays for the privilege . Without these free money trees being handed to fools who cant see past their own eye lashes the trade would be very different and controlled by people who had their own money and wanted to earn a profit . Maybe when and if interest rates go up it might be beneficial to those who have their own financial money interests and want to earn a profit again . We will see .
  6. 1 point
    That's what the new starters in this industry forget £50,000 stock this year needs £60,000 for next year to stand still This is why earning £400/£600 profit per sale doesn't work ,
  7. 1 point
    Your area appears to be saturated with Minis and 500’s ,so if you are not a well established dealer,your pricing will be important.I would reduce 2 or 3 to cost price and see what happens.Then try and pick and choose punters with good swappers and try and nick them.That often works in my experience with slow moving stock.....Everyone to their own !