When do traders drop their prices?
Discussion
I started tracking this car 6 months ago, before deciding on a different car.
http://www.ebay.co.uk/itm/310327718691?ssPageName=...
Because I liked the look of it, but thought it was perhaps a tad high on the money I've left it in my watched items.
It's been re-listed numerous times.
Price has never been touched. What's the thinking behind this?
http://www.ebay.co.uk/itm/310327718691?ssPageName=...
Because I liked the look of it, but thought it was perhaps a tad high on the money I've left it in my watched items.
It's been re-listed numerous times.
Price has never been touched. What's the thinking behind this?
Could have problems or the dealer could have paid over the odds for it, and thus have a lot invested in it. IME, the dealer's price cuts tend to be relatively small and if they can't shift it they'll trade it with another dealer or it'll go to auction.
Mind you, some dealers just hang onto cars doggedly. There was a thread about unsold cars here, with people mentioning cars that some dealer's have had for sale for over 10 years!
Mind you, some dealers just hang onto cars doggedly. There was a thread about unsold cars here, with people mentioning cars that some dealer's have had for sale for over 10 years!
t itself and they''ve had to put it rite and it owes loads of money... This always gets me wondering. As a business model car dealing is flawed beyond most other forms of sales. The product is depreciating as you hold it.
Some dealers just will not shift on price, because "they can't". Yet the car is still sat there 6 months later at the same price.
Some years ago I read of a dealer who wasnt prepared to take a punt on a year old 645 coupe. He had worked out that the car was depreciating by 700 quid a week. So even if he got it at a smack down price, if it's not shifted sharp ish he's going to lose money.
It doesn't change the fact that dealers just won't shift the price. I can't understand the logic yet it obviously works for them.
Some dealers just will not shift on price, because "they can't". Yet the car is still sat there 6 months later at the same price.
Some years ago I read of a dealer who wasnt prepared to take a punt on a year old 645 coupe. He had worked out that the car was depreciating by 700 quid a week. So even if he got it at a smack down price, if it's not shifted sharp ish he's going to lose money.
It doesn't change the fact that dealers just won't shift the price. I can't understand the logic yet it obviously works for them.
Visited the garage in question yesterday and the car in the OP was sat right outside the office looking sad.
It was an odd situation - all their cars were looking like they hadn't been used for a while, many with flat tyres etc. None of them had prices in the window (they did last time I visited earlier in the year). The office was closed and there wasn't anyone to be seen. I understand that many garages operate on an "appointments only" way of doing business but when I phoned last time about a car I was interested in I was told it wasn't necessary. The car I liked was still sat there too, and I've found a photo on Facebook of it at the garage in August 2011.
It was an odd situation - all their cars were looking like they hadn't been used for a while, many with flat tyres etc. None of them had prices in the window (they did last time I visited earlier in the year). The office was closed and there wasn't anyone to be seen. I understand that many garages operate on an "appointments only" way of doing business but when I phoned last time about a car I was interested in I was told it wasn't necessary. The car I liked was still sat there too, and I've found a photo on Facebook of it at the garage in August 2011.
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