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Just spotted this poll by AM What is your dealership's average used car days in stock before retail or decide to trade? 1 to 14 days = 15.9%15 to 30 days = 4.5%31 to 45 days = 13.6%46 to 60 days = 29.5%61 to 75 days = 15.9%76 to 90 days = 6.8%90+ days = 13.6% Any Thoughts ?
Underselling or maximising FULL profit potential. Hereâ€™s an interesting bit of info for anyone interested. Hopefully everyone on here likes to make theâ€™ maximum profitâ€™ on any car you've bought, don to the last Â£25/50 [They all add up just think if youâ€™re selling 25 cars per month â€“ extra Â£25 per vehicle = Â£7500 year-end profit, sorry I digress] Just trying to do a deal on a Golf Plus 2011-11 â€“ 17000 miles, one owner FVSH + Few extras. I've valued the car with Autotrader Price Â£8650 Glass Guide Â£9060 CAP Clean Â£9375 [Live today Â£9475] Slight variance; happens on them all but what is the Retail price for this car? I use Glass Guide and the useful feature is â€˜Radarâ€™ For those who donâ€™t know about â€˜radarâ€™ it shows same/similar vehicles either for sale or sold throughout the country , who is selling it/ sold it and days in stock and on average how many days that car takes to sell. So I check whoâ€™s got one and what theyâ€™re selling for or have sold for. Hopefully not boring you but the 1st 4 cars sold as follows Â£8999 14 Days in Stock Suzuki Dealer Â£9490 93 days in stock VW Dealer [Â£10490 â€“ 2 months Â£9490] Â£8950 92 days in stock Ford Dealer [Â£9450 â€“ THEN Â£10,000 â€“Reduced to Â£8950] Â£9995 86 days in stock VW Dealer [Â£9995 â€“ 2 months then Â£8999] Is it that the car has been undersold? or is that the correct retail price , if thatâ€™s the case then are the trade values wrong? After that we have to think DO - GG/ CAP/ Autotrader ++ collate this info , look at the â€˜retailed pricesâ€™ and adjust the â€˜trade valuesâ€™ down due to the retail values being lower? Retail values according to Autotrader Â£10825 GG Â£10800 CAP Â£10950 [Live Â£11095] So Iâ€™m sure weâ€™d all agree retails are Â£11000! Have these dealers missed â€˜ extra profit potential â€˜ would they have been better simply â€˜tradingâ€™ these cars from day one and even made more profit than retailing them ? Your thoughts ? Hope it all makes sense ? Over to you ! *PS the mileage of all the cars is not 17,000 but even taking the variance at most of Â£500/600 - I feel the retail value would have been Â£10500. Also note the vehicle i valued is today the cars were for sale since November where the trade/ retail values would have been higher ?
Brought to my attention this morning by James Sapeira @JamesSaperia We can now tell DVLA Instantly when when are taken in part exchange on behalf of the customer ! [ Only if you want to tell them .. if you want a couple of days grace to run the PX about then i guess use old fashioned method ] https://www.gov.uk/motor-traders-sale-vehicle Think personally its the way forward -! Thanks James for keeping us posted
I just checked a few of mine and they are coming up as either still taxed (ex-Motability especially), Untaxed or SORN. None of them are 'passed to Trade' Should I/we be concerned?