Ok, I have been a used car salesman for only 2 months and 17 days... this week has been really slow for me. The Lot is empty. There are no cars. All the cars are at 3 Auctions. That is about 98 cars that are driven to 3 different locations and to be managed. So, I went to 2 of the 3 auctions, trying to learn and understand the wholesale market.
The Wholesale market is unpredictable. For instances, We had a Dodge Durango posted on the internet for 2 weeks for $11,900. We had a few people call about it and were interested. But it sold at the Auction for more than $14,000. So, I can say our dealership does have better prices than at an auction. We are pre-Auction. Some people just don't understand yes this is a great price.... you need to jump on it before it goes to Auction, which is usually every Wednesday and Thursday.
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