- 7,441
- 12,610
- Joined
- Sep 24, 2015
Inventories are Super Low.
GM especially.
From Strike to COVID.
Basically built nothing all year at those PLANTs.
Our store stocks 350 New Vehicles month in/out.
We have 128 in stock.
Nobody is getting a deal on a CHEVY from us.
If the MSRP is 30k and GM gives the Consumer a 3k rebate you'd think you could buy said vehicle for 27k right?
Wrong.
Everyday we turn 5+ buyers away that are offering reasonable numbers according to normal market pricing.
Market is far from Normal.
That 30k vehicle that you should be buying for 27k is going to cost you 33k, or you won't be buying it.
Gross Profit is WAY UP, it's the only way to bridge the GAP, because when we run out we run out.
I'm killing it right now.
Commission check was 19k last month.
Sold a used Ram today, hemi Crew with 21k miles, remote start,power seats, cloth 2wd, we have 26k invested, I sold it for 38k.........
Not the best time to be buying a Car from me, unless you want to get smacked.
Hey buddy, that's great your doing well! Not sure how long you've been in the business, and this is just a tip my longtime (now retired) sales manager told me when he hired me over 23 years ago. It's never a good thing to mention how much money your making on any particular deal. Be it a new car "mini" or a home run used car deal. If the wrong people see if, it can get a little dicey. That info is for you.
Not preaching, just a little helpful advice from someone who started at 20 and am still doing it at the same place 23+ years going (thought I'm frankly tired of it & want out). Only thing keeping me is the cars and my loyal long term customers who have been with me from a 20 year old kid to an almost 44 year old man who has dealt with numerous major health issues (and said customers have always checked in with me outside of work). Stay safe out there.