|
The Manheim prices aren't great, and for Manheim +$1000 you could meet that by looking in the paper.
Manheim prices in California are pretty high. There are a lot of eastern Europeans, Russians and others buying cars and sending them overseas for 20-30% profits. They bid high, esp. on the BMWs.
Most of the new car dealerships are also now buying a ton more cars at auction. Those dealerships have dead new car sales, and are making their money on used. They have also driven up the prices, often to above independent lot retail.
|