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It’s really bad. In the millions scammed. One Guy is out 800k and also almost lost his la Ferrari to them but got it back.
Just search cnc motors on you tube.
Wow, I just watched the super car hack explain it. I hope they are shut down. I guarantee they went to DeMuro to help them move vehicles to keep the scam going. COVID probably broke their back.
This got me thinking, how are secondary dealers selling 2021 vehicles with less then 100 miles? 2021 911 Turbo S’s I see for sale “used” for damn near sale prices with 60 miles. 2021’s just hit our shores this winter, they were not here in 2020. Are the dealers going to Champion Porsche in FL (super high volume dealer) and ordering them, then selling used? Can used car dealers go to new car dealers and order new? Or do they have clients purposely order them and then sell to small dealer they are working deal with? Just trying to get a grasp of it.
For example, I've been looking for MINI Cooper S convertible with manual for a friend of mine and EVERY one we come across is priced a couple grand higher than top KBB retail. BUT, total inventory is down and spring is here, so people are snatching them up at those inflated prices. Out of 20 that we've called on, all but one has been sold before we could get there, and the one that we've seen there was no negotiating, because the dealer knows he can get the asking price for it quickly.
Trucks are even worse, especially ones with desirable features. I paid $6500 for my 8.1 liter 2500 Suburban a couple years back, and now, with more miles on it, I could get close to $10k for it due to demand and low supply.
Ha! I was selling a Mini Cooper S manual convertible and I couldn’t find anybody to buy it. After a bunch of dealers tried to stiff me for well under KBB, I finally sold out of state to a couple for just at KBB private party after several months of listing it.
It’s really bad. In the millions scammed. One Guy is out 800k and also almost lost his la Ferrari to them but got it back.
Just search cnc motors on you tube.
Similar happened up here.
Afzal 'Bobby' Khan of Emporio motors dealership. He left the country as the feds shut the dealership down and was put on the FBI most wanted list.
I wonder if that is going to happen with cnc. One of the guys cnc owes said cnc offered to sell him the facility and the cnc name for millions. That name isn’t worth squat now.
Wow, I just watched the super car hack explain it. I hope they are shut down. I guarantee they went to DeMuro to help them move vehicles to keep the scam going. COVID probably broke their back.
This got me thinking, how are secondary dealers selling 2021 vehicles with less then 100 miles? 2021 911 Turbo S’s I see for sale “used” for damn near sale prices with 60 miles. 2021’s just hit our shores this winter, they were not here in 2020. Are the dealers going to Champion Porsche in FL (super high volume dealer) and ordering them, then selling used? Can used car dealers go to new car dealers and order new? Or do they have clients purposely order them and then sell to small dealer they are working deal with? Just trying to get a grasp of it.
I asked sales friend at Porsche dealer I use. They will sell a new car/order car for another dealership if owner buys/titles it for himself. If they know vehicle will be flipped, they’ll give allocation to someone else if possible. This a low volume dealership though.
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Just trying to get a grasp of it.
