XKR-S

[a8hex]

RingSpanner said:

The plain fact is these cars are not selling fast.
Perhaps a VERY low mileage, one-owner, right colour combo vehicle may find a ready buyer with a quick sale

Unless you need the cash in a hurry, a quick sale implies you've under priced it. The trick is to get the balance right between time to sale and price obtained to maximise your return on investment.

[MikeE]

a8hex said:

RingSpanner said:

The plain fact is these cars are not selling fast.
Perhaps a VERY low mileage, one-owner, right colour combo vehicle may find a ready buyer with a quick sale

Unless you need the cash in a hurry, a quick sale implies you've under priced it. The trick is to get the balance right between time to sale and price obtained to maximise your return on investment.

I might be way off the mark here but I was always lead to believe that it was preferable to move your stock on quickly to free the money up for the next profit generating trade.

So for example if we had an XKR-S with £5K profit which takes 6 months to sell, then it's better to sell it in 3 months for £3K profit then repeat, generating a £6K vs £5K profit in the 6 month period, no?

[a8hex]

MikeE said:

a8hex said:

RingSpanner said:

The plain fact is these cars are not selling fast.
Perhaps a VERY low mileage, one-owner, right colour combo vehicle may find a ready buyer with a quick sale

Unless you need the cash in a hurry, a quick sale implies you've under priced it. The trick is to get the balance right between time to sale and price obtained to maximise your return on investment.

I might be way off the mark here but I was always lead to believe that it was preferable to move your stock on quickly to free the money up for the next profit generating trade.

So for example if we had an XKR-S with £5K profit which takes 6 months to sell, then it's better to sell it in 3 months for £3K profit then repeat, generating a £6K vs £5K profit in the 6 month period, no?

True, as I said though the trick is to get the balance right. If the numbers are slightly different, so that it's 6 months to make £6K either way around the business might view keeping the price up to be the better thing to do. Also the numbers depend on what the limiting factor on your business is, if the supply of capital is what limits you, then your numbers make sense. If the supply of suitable cars is the limiting factor, then waiting 6 months to sell at a 5K profit and managing to get a second car to market after 3 months might mean you make 10K over 9 months, instead of only 9K. Who knows what his business model looks like, but moving things on cheap as fast as possible isn't the only viable approach.