Car sales - what do you find sells best
Car sales - what do you find sells best
Author
Discussion

timthetinyhorse

Original Poster:

110 posts

167 months

Sunday 21st October 2012
quotequote all
Indeed as some of you will be thinking its a very general question but what cars are the easiest to but and sell sell??

Its topic I was talking to my partner about and we came to the conclusion that small cars (clios etc) are most likley to be the easiest to turn buy and sell quickly but we would be interested to get opinions on this.

Im no car dealer nor am i looking to be but its a subject we have talked over a few times of late due to the mad deal i got on my current corrado which currently would make me over 1.5k proffit minimum if i was to sell.

all opinions welcome.

rob

2902326

36 posts

171 months

Sunday 21st October 2012
quotequote all
I think you're setting your expectations too high, the problem with the market for small hatchbacks is that there is such an abundance of them that having a highly priced one it'll sit around for ages, especially if it's a private sale.

On the other hand I had success with TJ Jeep Wranglers, in my old job I went through about 20 of them over the course of a year and made anywhere between 1-3k on each of them. I doubled my money a number of times with them too.

J4CKO

46,836 posts

229 months

Sunday 21st October 2012
quotequote all
Small economical cars sell well, people go mental for anything, however tragic if it has a diesel engine and does 50 mpg plus, I learnt that your own opinion of a car counts for nothing, you get something you think will sell easily and it hangs round for ages, then something weird you think you are going to be stuck with causes the phone to go mad. My thinking is that if someone bought it new, there are sixty million people in the country so it wasnt just desirable or suitable for the original buyer

Always worth sounding the buyer out as to their reasoning for buying a specific car if you want to learn, also, every car will sell eventually, it is down to presentation, price, advertising and sometimes luck, remember you only need one buyer.

Nuggets form my car sales,

Rover 216 Coupe Auto in Kermit green, they werent brilliant sellers but the auto one sold very quickly as the young lad that bought it had medical issues and wanted something sporty for not much money.

Volvo 850 T5, mint but didnt have aircon where most did, sold very quickly the guy who bought it was actively seeking one without aircon !

Renault 5 1.7 GTX, legions of boy racers after it as it was relatively fast and cheap to insure, could be turned into a R45 turbo rep, knobhead magnet.

Merc A190 auto Class in purple, very little interest, people who buy A classes don't really want a relatively thirsty drivetrain, sold eventually.

Merc A140, much easier to sell, decent spec helped.

Horrific 1.9 non turbo diesel MK3 Golf, sold very quickly, made me cry driving it.

Sharan diesel, easy to sell, VR6 Sharan, er, forget it unless pennies







J4CKO

46,836 posts

229 months

Sunday 21st October 2012
quotequote all
J4CKO said:
Small economical cars sell well, people go mental for anything, however tragic if it has a diesel engine and does 50 mpg plus, I learnt that your own opinion of a car counts for nothing, you get something you think will sell easily and it hangs round for ages, then something weird you think you are going to be stuck with causes the phone to go mad. My thinking is that if someone bought it new, there are sixty million people in the country so it wasnt just desirable or suitable for the original buyer

Always worth sounding the buyer out as to their reasoning for buying a specific car if you want to learn, also, every car will sell eventually, it is down to presentation, price, advertising and sometimes luck, remember you only need one buyer.

Nuggets form my car sales,

Rover 216 Coupe Auto in Kermit green, they werent brilliant sellers but the auto one sold very quickly as the young lad that bought it had medical issues and wanted something sporty for not much money.

Volvo 850 T5, mint but didnt have aircon where most did, sold very quickly the guy who bought it was actively seeking one without aircon !

Renault 5 1.7 GTX, legions of boy racers after it as it was relatively fast and cheap to insure, could be turned into a R45 turbo rep, knobhead magnet.

Merc A190 auto Class in purple, very little interest, people who buy A classes don't really want a relatively thirsty drivetrain, sold eventually.

Merc A140, much easier to sell, decent spec helped.

Horrific 1.9 non turbo diesel MK3 Golf, sold very quickly, made me cry driving it.

Sharan diesel, easy to sell, VR6 Sharan, er, forget it unless pennies



Worth finding a specific market, there was a trader I knew of years back who only dealt in Nova SR's and GTE's, he used regional differences in price and desirability and moved them about accordingly to good effect.

timthetinyhorse

Original Poster:

110 posts

167 months

Sunday 21st October 2012
quotequote all
2902326 said:
I think you're setting your expectations too high, the problem with the market for small hatchbacks is that there is such an abundance of them that having a highly priced one it'll sit around for ages, especially if it's a private sale.

On the other hand I had success with TJ Jeep Wranglers, in my old job I went through about 20 of them over the course of a year and made anywhere between 1-3k on each of them. I doubled my money a number of times with them too.
the corrado comment isnt an expectation more that i bought a mint car for a tiny price......iv had a few and know the market for them.....

I have no expectoration nor am i buying and selling im just looking for an insight into the market as its a subject we have talked about a fair few times over the past weeks, what were you doing with the wranglers, buying rough, cleaning up and selling on or just buying and selling the same condition car??

cheers

p.s. i notice my comments above may look defensive, they arnt it just looks that way lol

Ozzie Osmond

21,189 posts

275 months

Sunday 21st October 2012
quotequote all
Don't forget that as soon as buy and sell a car to make a profit you become a "trader" which means,

  • Profit = taxable as income, and
  • You are giving a Sale of Goods Act warranty on cars you sell.

hardcorehobbit

1,103 posts

224 months

Sunday 21st October 2012
quotequote all
Ozzie Osmond said:
Don't forget that as soon as buy and sell a car to make a profit you become a "trader" which means,

  • Profit = taxable as income, and
  • You are giving a Sale of Goods Act warranty on cars you sell.
One car? Are you serious?

By your model, If I were to buy a car with a blown head gasket and fixed it, or some other issue, then sold it 6 months later for more than I paid, I'd be a trader?

Doubt it.

sparkybean

221 posts

219 months

Sunday 21st October 2012
quotequote all
hardcorehobbit said:
One car? Are you serious?

By your model, If I were to buy a car with a blown head gasket and fixed it, or some other issue, then sold it 6 months later for more than I paid, I'd be a trader?

Doubt it.
Internet folklore says that if you buy and sell more than 6 cars a year you are a trader. Dont know how much truth in this there is though.

hardcorehobbit

1,103 posts

224 months

Sunday 21st October 2012
quotequote all
sparkybean said:
Internet folklore says that if you buy and sell more than 6 cars a year you are a trader. Dont know how much truth in this there is though.
6 is a lot more than a single car. I have heard the same folklore.