Consider Selling Used Cars

[Joe Marconi]

New cars are not selling and people are keeping their cars longer. People will eventually need cars for themselves and/or children. They may not be in a position to purchase new. You have a distinct advantage, since your customers already trust you. Offering them a used car may be another way to add a few bucks to your bottom line.

[ridgewayboss]

New cars are not selling and people are keeping their cars longer. People will eventually need cars for themselves and/or children. They may not be in a position to purchase new. You have a distinct advantage, since your customers already trust you. Offering them a used car may be another way to add a few bucks to your bottom line.

HEY ALL FIRST POST SORRY ABOUT ALL CAPS MITCHELL LOOKS BETTER ON CAPS SO NOW I DO IT ALL THE TIME LOL

 

WE STARTED SELLING USED CARS AND SOLD 14 LAST WEEK WE HAD TO GET OUR DEALERS LICENSE LAST YEAR BUT WOW WHAT A HELP WHEN WE ARE SLOW THIS KEEP ME ALIVE AS A SHOP

 

 

BRYAN

KNOXVILLE TN

[xrac]

HEY ALL FIRST POST SORRY ABOUT ALL CAPS MITCHELL LOOKS BETTER ON CAPS SO NOW I DO IT ALL THE TIME LOL

 

WE STARTED SELLING USED CARS AND SOLD 14 LAST WEEK WE HAD TO GET OUR DEALERS LICENSE LAST YEAR BUT WOW WHAT A HELP WHEN WE ARE SLOW THIS KEEP ME ALIVE AS A SHOP

 

 

BRYAN

KNOXVILLE TN

 

We want to do some used cars but do not have enough parking lot space. I bought a piece of property that we could have done it with but sold it turning a quick profit. Then the recession hit. I am glad that I held off but still would like to work something out.

[Joe Marconi]

We expanded this year and finally have space to grow. I will focus on other areas this year to improve profits and one of those areas is in used cars.

[Tom Ham AutoMN.info]

New cars are not selling and people are keeping their cars longer. People will eventually need cars for themselves and/or children. They may not be in a position to purchase new. You have a distinct advantage, since your customers already trust you. Offering them a used car may be another way to add a few bucks to your bottom line.

 

Certainly a possibility. Used car prices have gone way up around here...as much as double on the very low end cars.

[autoguy]

Certainly a possibility. Used car prices have gone way up around here...as much as double on the very low end cars.

 

Watch how many closed dealerships turn into used car super stores. Just heard it on the radio yesterday about one.

[Joe Marconi]

We started our use car business this. We started to pruchase cars and will market them on our web site. I will keep everyone informed.

[Jeff Monson]

We started our use car business this. We started to pruchase cars and will market them on our web site. I will keep everyone informed.

 

Joe I'd like to hear how it goes, we are in our 3rd year of selling used cars, this last year has been tough though, cars are still selling but margins are way down, buying cars has been the real hard part, prices are way up at auctions in our part of the country. As a result margins go down, its a pretty simple concept, new car dealers are selling less, resulting in less used inventory for them, as a result they bring fewer autos to the auctions.

[xrac]

Joe I'd like to hear how it goes, we are in our 3rd year of selling used cars, this last year has been tough though, cars are still selling but margins are way down, buying cars has been the real hard part, prices are way up at auctions in our part of the country. As a result margins go down, its a pretty simple concept, new car dealers are selling less, resulting in less used inventory for them, as a result they bring fewer autos to the auctions.

 

We don't sell used cars as a business but every opportunity I have to buy a worthwhile vehcile we can repair I do it. Just this week I bought a 2002 Neon that needs a transmission and a 97 Grand Am that needs an engine. We will repair them and sell them and make a few hundred.

[Joe Marconi]

We have so busy with the new facility that we have not devoted enough time to used cars. We have found that the $5000 to $7000 range sells the fastest. Over that people look for a cheap car or cheap lease.

 

luckily, our repair and service sales have been good.

[Jeff Monson]

We have so busy with the new facility that we have not devoted enough time to used cars. We have found that the $5000 to $7000 range sells the fastest. Over that people look for a cheap car or cheap lease.

 

Same on our lot, $5000 to $8000 are the best sellers, that price range for us is usually in the best gross range also. Ck out our website if you get some time, my partner in the auto sales does a really nice job of it

 

goldenruleautosales.com

[xrac]

You have a really nice website. Very impressive! How do you acquire your inventory?

[Jeff Monson]

percentage wise I'd say 80% comes from auctions, (fargo, ND and minneapolis, MN) 10% from the private sector and the other 10% from trades. The trades and private are the nicest as you can drive them, ck them out at the shop and you can barter with the customer, where at the auctions you are at the mercy of other buyers, misrepresented cars, auction fees, transport fees...... the list is long.