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Everything posted by CRW

  1. Wow, I hadn’t thought of that. When you say “do it smartly with your customer” do you mean Roger them whilst wearing a suit? Thanks for the shit advice you prick.
  2. All of the above. What is available is usually sub prime and prices are too high. I just don't see the margins as worthwhile when you work back from retail.
  3. Run a pitch with 20-25 units in the £4-£10k bracket. Don't buy from auction. Currently have 7 cars and haven't bought anything for a month. Been doing this for nearly 20 years now and have never known a period like it.
  4. Logic says it should, but I'm not sure this time, certainly no time soon. Usually stock 20-25 in the £4-£8k bracket. Down to my last 7, haven't bought anything for a month.
  5. Surely a recovery loan would be cheaper? May not be eligible I guess.
  6. Yeah, that was on DA, thought they had a £3k start price at one point but may be wrong.
  7. I think ironically its your ceiling that is actually our floor, based on the fact you sell cars at private prices and we sell at retail.
  8. Years ago when I was approached by Nextgear, it was made clear that I would have an allocated fund of say £100k, but that if I didn’t hold at least 80% of it in stock I would be penalised with higher rates, extra charges, more inventory assessments blah blah. At which point I politely declined. If you can make it work for you, that’s great but it’s not for me. If you can put a £3k margin across a car at these prices, again well done.
  9. It’s what some people voted for.
  10. Yes, to a certain extent, but if your nearest competitor is selling at "old" prices you still have to be competitive. CDM had an article on here a few weeks back saying that the jump in trade prices isn't being fully reflected on the forecourts. You can put the prices up however high you like, but you have to find someone willing to pay them. Customers are a savvy bunch around here and will always find the same example elsewhere being retailed for "old money" and use it as a stick to beat you with.
  11. I can only assume he is buying at these current sky high figures and can not return profits at these prices. He will have to use his stocking loan quota or will be penalised, so its just a case of turning them over. Seems a pretty bleak scenario. I have stopped buying at the moment as I don't have the confidence that these prices are sustainable. Potential customers are coming off the furlough scheme, thinking about holidays etc and I think the demand will slip slightly. I simply don't want to get caught out with a forecourt of expensive stock. However, if this isn't the case I will run with it, but I wasn't going to be the first to put my prices up.
  12. The news this morning suggests that inflation rose by 2.5% last month. Think they should try to factor car prices into their calculation as I would say last month was an easy 10-15% across our sector in June. I did hear of a large player local to me who is busy but selling at cost. I guess that's the pressure of stocking loans.
  13. Seems its particularly Nissan Micra's that have been affected by the inflated prices. Just got off the phone to a guy who was trying to sell me his W reg Nissan Micra Auto. Told him politely its 22 years old, I deal in 2 - 8 year old stuff generally. He was insistent it was low mileage and it would be a good buy for me. To humour him I asked what he was after for it. £1600 he said.
  14. Don't think they like Cornwall, came back at £91 for a 2002 Polo. Local scrappy offering £181. Oh well, worth a go.
  15. + 1 That's crazy money, was quite happy getting £180 for cars collected, feeling a bit ripped off now!
  16. I am the same, sat looking at a list of cars making on average £1000 over book, no matter what it is. We are being told this is going to continue for a while yet, but personally i'm sceptical if customer demand will remain quite so strong. I know there's the global processor problem affecting new car production, but I just cant bring myself to fill my forecourt with stock owing me retail. Looking back on last year, we had the hyper "bounce back loan" prices for a short period and then the market cooled off. Hoping this is the same pattern this time.
  17. Agree, a great feeling when that happens. However, offset by the ones where the car then sits for another 3 months and the punter drives past everyday, craning his neck to see if you still have it and getting a rod on when he sees it.
  18. Anybody else finding customers genuinely think we are lying when we tell them there is a huge shortage in supply?. Find myself explaining that I cant replace the stock unless I pay nearly retail blah blah, so no, im not discounting the screen price. I remind them of the current situation with house prices (especially here in Cornwall) and say car prices are doing the same. Usually followed by the moron asking, "so what would you take for it?".
  19. For me, the only real advantage of a main dealer history is to maintain the manufacturers warranty if its something new. Also, can be handy as hopefully any software updates should have been applied. Other than that, I would probably prefer to see an independent has worked on it, although the customer won't see it that way.
  20. Fairly sure I had a Trading Standards bod trying to trip me up the other evening. Scruffy looking guy wanders onto my forecourt at 4.30, Im watching him on the cameras and he spends literally seconds vacantly looking at a few cars and approaches my office door. "Can I look in that silver one please?". Told him that's not allowed and he just wanders off. You know when you just get a gut feeling!
  21. Exactly. Since we had our first child 6 years ago we have run 3 different Rav's, all of which have been spot on. Boring and not that quick but have spent nothing on them. Admittedly they were all under manufacturers 5 year warranty when we bought them, but the current one is now 6 years old with nearly 70k on it and other than tyres and servicing, we haven't spent a penny on it. (Probably famous last words!)
  22. I thought I was being generous, but probably would have knocked £200 off to get a deal done anyway.
  23. They all "know what its worth" dont they?! Had a similar Fiesta traded in a few weeks back, admittedly nowhere near as bad as that. She told me she "knew it was worth £6k" (64 plate 1.5 TDCI). Problem was I knew a bit about the car and knew she bought it for £5k off her company a year earlier. We dealt at £3k. Another woman came in with her 57 plate Ka, fresh MOT failure that day. Offered her £200 as the MOT work totalled £500 and wouldn't have been worth doing. Then had her in floods of tears telling me there was no way she would sell it for £200 as it was given to her by her sister who now has cancer. Not sure if im just harsh, but does that make it worth anymore?? We didn't deal that time!