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Message
re: So, about that tariff: Just got hit with $11K adder notice
Posted on 3/7/18 at 5:37 pm to buckeye_vol
Posted on 3/7/18 at 5:37 pm to buckeye_vol
quote:
Maybe the costs will get passed along, but we were basing it on the current costs and profit. Now you're saying he should be thankful so you can argue away those costs, because they're passed along as if he the costs aren't being eaten by someone.
But he still incurred an additional $132,000 in costs so I have no idea what kind of fantasy wealth manager math you're using.
Because again, he's the dealer, not the end-customer or manufacturer.
If he's making 10% profit margin on $5,280,000, this means that he is purchasing the units from the manufacturer for $4,752,000, or $396,000 each.
If he's really paying $407,000 for each unit, and only selling them for $440,000, then he's not actually going for a 10% profit margin now is he?
So why say you're going for 10% profit margin if you're end result is a 7.5% profit margin?
This whole story stinks. Not buying it.
2
Posted on 3/7/18 at 6:36 pm to BeefDawg
quote:
quote:
Maybe the costs will get passed along, but we were basing it on the current costs and profit. Now you're saying he should be thankful so you can argue away those costs, because they're passed along as if he the costs aren't being eaten by someone.
But he still incurred an additional $132,000 in costs so I have no idea what kind of fantasy wealth manager math you're using.
Because again, he's the dealer, not the end-customer or manufacturer.
If he's making 10% profit margin on $5,280,000, this means that he is purchasing the units from the manufacturer for $4,752,000, or $396,000 each.
If he's really paying $407,000 for each unit, and only selling them for $440,000, then he's not actually going for a 10% profit margin now is he?
So why say you're going for 10% profit margin if you're end result is a 7.5% profit margin?
This whole story stinks. Not buying it.
yes, YOU have caught him ... looking at his posting history, it's obvious he's a flaming liberal apologist who can't stand trump or anything related to the republican party and/or conservatism, and his entire story on here was certainly not to cast light on a very real, tangible effect in an industry that he is engaged in as an actual owner ... nope, it's to be a cuck and tell a lie to make trump look bad ...
well done, bulldog ... well done ...
Posted on 3/8/18 at 11:38 pm to BeefDawg
quote:
If he's making 10% profit margin
If he is only making 10% overall profit on his new equipment he needs a better sales force or his equipment is inferior. Also, a heavy equipment dealer will make higher profits on parts and service from units already in his customers fleet population.
Rental fleet will be a little lower profit due to competitive nature of rental industry, but his used equipment should be averaging around a 15-17% clip.
I agree with you that the increased in cost from manufacturer will be passed on to the customer. The fear he has is he most likely offers an inferior brand of equipment and any increase like 11K makes his inferior product less attractive.
His company may also offer above average customer support. What he really wanted to do in this thread is bash the tariff and brag that he spent 5-6 Million on new equipment.
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