I can’t find this. Did you sign up for the free trial? Why does your first shot show edge but others show carbly?
They are fishing.
It’s like 6 people making money on a single car.
The OEM, the dealer, seller, the wholesaler, the auction house then the dealer who ultimately purchases the car from the auction
Dude…chill out. You’re on this website as a broker and this is how you talk to people? My post said “based on what i’ve seen”. Why the hostility?
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So would this explain why you could potentially get a little move if selling your car to a dealership that is of the same brand as the car you’re trying to sell? If you’re selling a Ford to a Ford dealership…they’re more likely to sell the car themselves than just send it off to auction. No?
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Yes, correct. A dealer who will put it on their lot will be willing to pay more. Same premise Carvana/Carmax/Vroom were created upon. They’ll pay more because they are selling it direct to the consumer, so they are cutting out several steps and paying that money to you (sometimes, at least).
Also watch Ari to better understand .
https://www.edgepipeline.com/components/login/signup/type
Choose public , Carbly will give you some access but limited maybe 1-2 per day
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So, at first glance, I don’t think they use Manheim, which would be a very good reason why it doesn’t align with MMR.
They are going to give you more than MMR in most cases. The later two are in the business of market share, not profit for now. More often than not, when I see customers bringing in quotes from online retailers, it is above auction prices and we would lose money by the time we paid for recon and CPO costs. We have had to sell less CPO cars since by the time we do a full maintenance, tires, brakes, etc we would be priced out of the market. I will also say most dealers just don’t look at MMR, but pool together 3-5 different sources.
Generally yes but there are a few instances where that is a no, such as high mileage, accident history, et c where they will send it to auction or sell it for dirt cheap.
It’s interesting because I have a 2022 Yukon and Carmax has been one of the lowest offers i’ve received.
CarMax: 63,000
Vroom: 64,500
Carvana: 62,300
Local dealers (non-GM): 66,000-67,500
I may reach out to a local GMC dealer that doesn’t have any new or used Yukons on the lot and see what they’d offer.
What’s the VIN? I’ll run it through MMR for you.
I’ll send it to you via PM
Carmax steps up on cars when they don’t have many and lowballs when they’ve got a decent amount in stock. 2 weeks ago they were very soft on BMW’s and they’ve been very strong this week.
You are mixing carbly and edgepipeline. Carbly has Manheim, but, as you said, limited. If you look at Edge’s listing of auctions, Manheim is not there. Location | List | EDGE Pipeline
Too few transactions for an MMR. MMR for a 4WD is $73,600. So I would expect MMR on the 2WD to be $68k or so. But you gotta read in between the lines as well, there are only 2 4WD with higher miles than 6500, one is at 7600 and sold for 70,900. One sold for 71,500 with 9300 miles. These are 4WD. 2WD will be at least $3k less.
EDIT: Just to add, when I did my tahoe flip, I purposefully chose a Tahoe over the Yukon even though I like the Yukon more. Why? Because MMR is stronger on the Tahoe and there are more data points.
It is too expensive for them. I noticed that online retailers like cars between $10k and $40k. Just jumping on CarMax’s website, they have about 45,000 cars for sale under $40k and about 7,000 $40k+. Even if you back that down to $30k, there are still 20k above and 32k above.
The problem is that I can get 10% off sticker on a Yukon. Don’t think I can even get sticker on a Tahoe.
So if a 4WD sold for $71k at auction and you figure $3k less for 2WD would put it at $68k…so best bet is probably a GM dealership that will get me about $68-69 or?
Btw: Thanks for the info.