Why would a dealer do this? Or am i missing something.......

[Streetrod]

Dk Engineering has had this Lusso for sale for a few months, and unusually for them it was looking a bit sticky. I then noticed it had just sold as indicated on its web site here:

http://www.dkeng.co.uk/ferrari-sales/351/Blue_Chip...

As is my way I then flip over onto to the Talacreast web site and what do I find. The same car now advertised with them:

http://www.talacrest.com/Ferrari-Sales/Ferrari-250...


Why would a dealer buy a car that the originally dealer was obviously having difficulty shifting??

[Harrytsg]

Dealers will swap cars around between themselves to make it appear their stock is selling.

[Crafty_]

Could be they were selling it for a private owner and he's taken it elsewhere ?

[tortop45]

Some thing not quit right about the car i think !!!!!!!.but still the best looking farrari of all time in my book.

[POORCARDEALER]

Car was sold at auction by DK, bought by TC I believe, however specialist dealers do buy stock from each other.

[TooMany2cvs]

Crafty_ said:

Could be they were selling it for a private owner and he's taken it elsewhere ?

The Talacrest spiel refers to the "current owner", so that'd be my guess, too.
The ol' maxim about the only reason something won't sell being the price probably applies. I'd certainly have it if the price was right... <lust>

[grumpy52]

Dealer stock sitting unsold is dead money so most put a limit on how long it sits before moving it on usually through the trade .Better to turn over 20 cars worth £25k eachper month getting £2000 profit per unit than one £400k supercar and only take £12k profit .
Many small dealers run on finance for their stock and payments have to be met .

[Streetrod]

grumpy52 said:

Dealer stock sitting unsold is dead money so most put a limit on how long it sits before moving it on usually through the trade .Better to turn over 20 cars worth £25k eachper month getting £2000 profit per unit than one £400k supercar and only take £12k profit .
Many small dealers run on finance for their stock and payments have to be met .

The thing is that is not a £400k car, more like £1.5 million at current prices

[drmark]

grumpy52 said:

Dealer stock sitting unsold is dead money so most put a limit on how long it sits before moving it on usually through the trade .Better to turn over 20 cars worth £25k eachper month getting £2000 profit per unit than one £400k supercar and only take £12k profit .
Many small dealers run on finance for their stock and payments have to be met .

Even it it was 400k do you really think they only have a 3% margin? Surely more like 40k profit at asking price - or am I naive?

[a8hex]

Dealers will also sometimes buy in stock from other dealers if they think they can make money on it. An XK140DHC I used to know was on sale via one well known XK dealer for one price and hung around for quite a while before suddenly popping up at another well know XK dealer for an extra £10K and was quickly sold. Weird... wish I'd had the original asking price at the time

[grumpy52]

drmark said:

Even it it was 400k do you really think they only have a 3% margin? Surely more like 40k profit at asking price - or am I naive?

When I was in the trade , main franchised dealers usually made 1.5 to3 % profit on turnover and independent garages 5 to 10 % on turnover .
Ever wondered why all the garages are disappearing ?
If they own the premises it's more profitable if they have been in business for years to sell up and retire.
Running a legitimate garage these days is very very expensive as any of the many goatee sporting powerfully built company directors on here will verify .