Discussion
RDG3000 said:
As for he manufacture looking after the dealer....no. Manufacturers couldn't care less, the demand you by "special tools" which are overpriced, make you pay for THEIR sigs to put up on YOUR building and then fog you overpriced software to plug into their cars. I'm not a spring chicken but I've been about and now this is a regular thing. Audi even send around a mystery customer and if he finds dents on cars at the prestige dealership they fine you. My neighbour is the customer service manager at VW, he's also worked for Audi and this was a regular thing.
Your neighbour is having a laugh at your expense mate. As are we, keep it up!
(I had to read that paragraph twice to make any sense of it. I took "the demand you by" to mean "they demand you buy"? "Sigs" are presumably signs? "Fog" is flog?) If you're going to post regularly here mate you might get an online Bellend to English translation service to have a go at your stuff before you post it. Save us all a bit of time.
confused_buyer said:
Incidentally, the big auction news at the moment is as of this week Manheim are no longer accepting cash payments with BCA to no doubt follow very soon.
There will be a lot of weeping and a wailing from certain types of "dealers!" and some private buyers.
An auction (general stuff with about 20% being vehicles) I go to changed to "no-cash" earlier this year & upset a lot of people! There will be a lot of weeping and a wailing from certain types of "dealers!" and some private buyers.
The only cash they will take is the £250 paddle deposit & you can't even use that on account any more (i.e spend £1000 you only have £750 left to pay).
iloveboost said:
I think most manufacturers have effectively become banks that just happen to make goods that people need finance for!
Used to work for a well known tool company who market directly to mechanics. They made more money on the finance than the tools and set up their own finance division which is doing very well by all accounts.
GWC said:
May be that they are doing what BMW and Mercedes do when they have big sales at auction - giving cash back to franchised dealers who purchase over a certain number of cars per quarter. BMW and Merc it can be up to £2,000 a car and certainly explains the high prices.
^^^^This is why the prices are so high. It's down to the bonuses the manufacturers pay to dealers who buy these cars. They are targeted on buying figures!!
The effect of this is that it drives up the valuations in the motor trade guides - which are often based on auction sale price - thereby artificially inflating the residual values of their cars.
Seems like something that should be illegal to me.
jdcampbell said:
This is why the prices are so high. It's down to the bonuses the manufacturers pay to dealers who buy these cars. They are targeted on buying figures!!
The effect of this is that it drives up the valuations in the motor trade guides - which are often based on auction sale price - thereby artificially inflating the residual values of their cars.
Seems like something that should be illegal to me.
Eh? Wtf? Illegal?!!! Completely ludicrous post.The effect of this is that it drives up the valuations in the motor trade guides - which are often based on auction sale price - thereby artificially inflating the residual values of their cars.
Seems like something that should be illegal to me.
What should happen is what happens here in the US. Don't let Joe Public in the auctions, make them trade only.
unrepentant said:
Eh? Wtf? Illegal?!!! Completely ludicrous post.
What should happen is what happens here in the US. Don't let Joe Public in the auctions, make them trade only.
It's not ludicrous, it's manipulating the market to create a false impression of the residual values of the cars. It's on a par with running a pricing cartel, insider trading or other financial market dubious practices.What should happen is what happens here in the US. Don't let Joe Public in the auctions, make them trade only.
I wouldn't dispute the fact that people who order in greater volume should get better pricing. What I disagree with is manufacturers putting into place incentive bonuses that encourage dealers to pay over retail value in an auction. This is precisely what I observed in a Nottingham BCA auction and was confirmed onsite by a buyer from one of the large BMW main dealers.
Since trade guides significantly rely on auction sale prices to determine the values they assign to cars then the above tactic is contributing to artificially inflating residual values.
Such market manipulation would be considered illegal in many other industries.
Since trade guides significantly rely on auction sale prices to determine the values they assign to cars then the above tactic is contributing to artificially inflating residual values.
Such market manipulation would be considered illegal in many other industries.
jdcampbell said:
I wouldn't dispute the fact that people who order in greater volume should get better pricing. What I disagree with is manufacturers putting into place incentive bonuses that encourage dealers to pay over retail value in an auction. This is precisely what I observed in a Nottingham BCA auction and was confirmed onsite by a buyer from one of the large BMW main dealers.
Since trade guides significantly rely on auction sale prices to determine the values they assign to cars then the above tactic is contributing to artificially inflating residual values.
Such market manipulation would be considered illegal in many other industries.
Used car price guides don't only get data from auction prices. And at the end of the day they are just that, a guide. Some cars are wothr more than the guide price, some cars are worth less.Since trade guides significantly rely on auction sale prices to determine the values they assign to cars then the above tactic is contributing to artificially inflating residual values.
Such market manipulation would be considered illegal in many other industries.
The only other option would be to have closed auctions for dealers only. But then you'd be upset at that?
POORCARDEALER said:
All auctions should be trade only
The auctions are making it harder and harder for private buyers because they cause them so much trouble. Virtually all now require pre-registration, some BCA branches ask for a £500 cash deposit to be lodged before you even bid and the rostrum deposits have gone up a lot recently. This is because of people bidding and then doing a runner (happens a fair bit) or someone buying an obvious bit of tat it breaking down and then coming back shouting the Sale of Goods Act because they read about it on the internet at them.
Few buyers seem to really understand the concept of "sold as seen" and that when the hammer comes down the car is yours (even if a treee falls on it whilst parked at the auction house).
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