Quote:
Originally Posted by Zeke
OTOH, dealers can pay more for a trade-in if they add the overpay to the price of the car they are selling (one way or another). You wanna find out what cars are selling for wholesale? Try to sell one to a dealer without buying another.
To me the auction is just an exchange. Move 'em in and move 'em out. Everyone goes home with inventory.
I loved the car business for the short time I was in it. The people sucked.
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Actually, they do not "overpay" for the trade in the situation you describe. The trade always has an ACV on it and the "overpay" that you think you are seeing comes out of the hide of the car they are selling. Always.
