Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That never happens. People who pay all the profit are very easy going and happy customers. My survey returns on my biggest deals are always perfect, ALWAYS PERFECT
your idea of a fair deal is where a dealership doesn't make a penny selling a 50,000 car. Any other business, a 50K product is sold with a 10-20 Grand markup. If I told you I'm selling a 50K car 2000 over invoice (a tiny 4% markup, an unbelievably small markup for any other industry) you would have a heart attack
Ignorance is bliss.
The low mark-up is because the dealership is a middleman -- a distributor only. The manufacturer is enjoying higher margins.
Dealerships make their money on repairs and selling other services (dealer products and financial products).
The low mark-up is because the dealership is a middleman -- a distributor only. The manufacturer is enjoying higher margins.
Dealerships make their money on repairs and selling other services (dealer products and financial products).
The manufacturers make a gigantic profit. We then try to make a 5-10% profit on the cars and are labeled as the devil for actually trying to make a living
Like I said, any other business similar to ours is selling everything with a 10-25+% minimum markup
Yep, just like DSLR's. Retailers aren't making money off these high end cameras. They're making it off the accessories (filters, memory cards, batteries, etc)
The manufacturers make a gigantic profit. We then try to make a 5-10% profit on the cars and are labeled as the devil for actually trying to make a living
Like I said, any other business similar to ours is selling everything with a 10-25+% minimum markup
It's not the fact that you're trying to make a profit, it's your way of doing it. Why do you think customers usually hate car buying experiences. The whole process is just sleazy and filled with dishonesty (from both sides mind you)
Whenever I made an offer for a new car - a figure I would write on a piece of paper and shove across the desk to him - the salesman always screwed his face up and said he had to talk to the sales manager. I walked out once and went to another dealership. Why don't salesmen have autonomy? All they are doing is either cutting or increasing his commission.
I buy used cars from private sellers these days. Cash in hand beats 60 months financing.
Why can't one walk into a dealership with $20K and make an offer on a car? A salesman/sales manager knows that is the ultimate deal but can't do it. Cash is instant commissions in one's pocket but the federal government wants to control us.
If I had 20K, I'd invest it where I'm making well over the current 60 month loans on new cars, around 2 or 3 percent.
The manufacturers make a gigantic profit. We then try to make a 5-10% profit on the cars and are labeled as the devil for actually trying to make a living
Like I said, any other business similar to ours is selling everything with a 10-25+% minimum markup
Thats because dealerships make money off of Finance, warranties, dealer add-ons( 500 dollar leather protection ), and the service department.
The manufacturers make a gigantic profit. We then try to make a 5-10% profit on the cars and are labeled as the devil for actually trying to make a living
Um, that's not why car dealers are detested. They're detested for shady business practices.
Car salesmen are detested for not adding any value to the sales transaction.
Your welcome to hit that little triangle if you wish. (Im sure others may feel the same way as you, but some reps Ive gotten on this seem to agree with me.) Not an attack on you, by no means, just saying!
I don't do the report thing. But upon further review maybe I waded into the middle of something.
Um, that's not why car dealers are detested. They're detested for shady business practices.
Car salesmen are detested for not adding any value to the sales transaction.
Does a general retailer add value to the transaction when you buy products?
Would people be happy buying cars if they had to wait 6-8 months for their car to be built and shipped to them?
What if you had to sell your car private party before you could get approved for a loan to buy another car?
Not saying all dealers are great, because they aren't, but they serve a purpose. People want cars now, and want to trade now. Dealers facilitate that. Otherwise, have fun waiting for the manufacturer to ship your car (that you've never seen or test driven before) from halfway across the country or worse, overseas.
Does a general retailer add value to the transaction when you buy products?
I was talking about car salesmen not adding any value.
The cashier at the general retailer adds value.
Quote:
Would people be happy buying cars if they had to wait 6-8 months for their car to be built and shipped to them?
What if you had to sell your car private party before you could get approved for a loan to buy another car?
Not saying all dealers are great, because they aren't, but they serve a purpose. People want cars now, and want to trade now. Dealers facilitate that. Otherwise, have fun waiting for the manufacturer to ship your car (that you've never seen or test driven before) from halfway across the country or worse, overseas.
Never said dealers don't serve a purpose. Are you saying their sales transactions are not antiquated and deceptive?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
), and the service department.
