It is a pretty common sentiment right now the the dollar is going to get devalued and commodities are going to continue up(that includes gold/silver). Odds of US heading to a recession end of this year is increasing.
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You should imho. Respectfully, those types of āpeopleā are likely a decent percentage of your client base, frustrated with being taken advantage of by car dealerships in a normal market, outraged by the insane amount of greed demonstrated in the current market- those āpeopleā could decide to do some research, find LH, and become loyal repeat customers of the LH dealers and brokers who took care of their clients during these crazy times.
My point is people wonāt pay more to dealer A in 2 years just because dealer B had markups then. In 2 years dealer B is $2000 off and dealer A is $1000 off they will go for the cheaper deal.
The dealer I used to get 10-12% off tundras/tacos are now charging a markup on a lot of models, and getting it. Iām positive when/if things get better they will be the first ones back to those large discounts bc theyāre playing the business cycle perfectly.
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While this could be true for your dealer, making it a blanket statement as if itās applicable across the board is false.
Your from FL iirc, so hereās an example that should make sense to you. Braman BMW is one of the worst when it comes to ADMās in this market, whereas Holman is not selling over MSRP.
If/when the market returns to normal, I am positive Holman will net the majority of normal consumers the better deal. Braman might try to advertise a better discount, but my money says Holman nets the better OTD price.
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Iām from Pa, arguably the region with the best deals. I would never buy a car in Florida although I now live here.
Itās a blanket statement Iām basing off experience though. Higher volume dealers need to mark up on these low supply times to stay profitable.
If I needed to sell 10k cars at 1000 profit
Now I only have 5k cars to sell. I need twice as much profit. Simple math.
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I actually said WTF and blindly followed one of your recommendations. Got out after making 65% in a month.
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What did you buy?
All honesty I lose money on my picks all the time. But the stuff I truly believe in and have been pumping the last 2 years is up well over 100%
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UVXY and sold at the top
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Simple math for the āhonestā dealer.
Advantageous times where the crooks are letting greed override simple math.
Letās not forget MSRP is already markup for most of us. ADMās are not a cookie cutter scenario. Sometimes itās understandable, sometimes itās obvious - Other times the crooks are being exposed and blacklisted by consumers understandably so.
I play that every Friday and usually hold until tuesdays. Lots of risk reward so def be careful on that and always set stop losses. Itās not something you ever hold long term with its decay. I just picked up 10k shares today at 13.70!
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Nice!I got a few at 14ish
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Youāre only a crook if you donāt disclose your adm. No one forces anyone to buy a brand new car. A simple phone call should be able to determine price. If they say come in to talk about price, stay away.
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Thereās more than one way to be a crook, believe me, the dishonest tactics Ive personally witnessed - previous/current market aside - is my own testament.
The point Iād really like to make - you shouldnāt stereotype the disgruntled customer.
Iāll leave it at that!
Instead of making a big fuss about, why is it so hard to politely decline buying from the dealer with crazy ADM or a different number when you go to sign, and then look for a dealer with more straight up attitude? There is a lot of āpoor meā in current society
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If the number changes from what they say after you endure through hours of commute etc, then youāre wasting my time. In a perfect world that would only happen a few times before the rule of the jungle deterred them from doing it again!
But yes consumers should always get a firm out the door price signed before wasting anymore time at the dealership. Unfortunately most people donāt know how to handle the process and they lose to the psychological torture unscrupulous dealers use while youāre in the chair.
Agreed, It is not very hard to get an email with the out the door price so you have written proof when they try to change it
Got this ad and although its not on ADM, but on dealer add-ons being added without letting the consumer know that they can opt out of it = Auto Nation ā Consumer Assistance Team
A lawsuit? Seriously? If that succeeds, then why not go after every dealer who has āVIN ETCHā pre-printed on all their contracts?
The beauty of Americaās legal system. You can sue but that doesnāt mean youāll win, or it wonāt be dismissed.
Also SLAPP suits.
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They have in the past & won. Hereās one with the Fuccillo guy -Syracuse: Fuccillo Automotive Group Lawsuit - Lemberg Law
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