Loading ...I text it to a car dealer childhood friend. Then he called me, we were on the phone hour and a half. Boy a lot of interesting stories. I wish I would have recorded it all. He has a small lot, buys some trade ins from a Honda dealer, his friend deals trucks, his son works sales at a Ford dealership also selling trucks. Hes a thinker re the economy like I am.
Some things I remember, some unwise people come to the dealership to try to get out of a lease vehicle they can’t afford. So the dealer asks, “what do you want, what would make you happy?” Do you want us to take in the car and take over the last six months payments?”
Naturally they say yes, then the dealer turns the car over to Car Max? and makes $5,000 to $20,000 profits within 5-6 minutes with mouse clicks. 7-8 per week. If you go in to buy and ask about how much below sticker, they laugh at you.
If they like you, new cars and trucks $10 to $20k over sticker. And the new Ford electric P/U truck? Lots of orders, huge mark ups, and you don’t find out the price until it comes in. Lots of people have stupid money and buyers don’t care. “I want it”. The only problems they have, is its harder to buy cars to flip.
Even the older cars classics now made before 1975 in demand and going up in price. Sell one and you get sellers remorse. I remember the 1970s there really were no classic cars. Maybe some Model A Fords or cars from 30s or 40s. But If you bought an expensive new or used, Benz or Farrarie etc three years later, you traded it in for your cost, because the new ones went up so much.