Started By
Message

re: The new/used car sales business model is broken and defies logic

Posted on 11/7/17 at 9:27 am to
Posted by CHEDBALLZ
South Central LA
Member since Dec 2009
23354 posts
Posted on 11/7/17 at 9:27 am to
Year, Mileage?
Posted by Ham And Glass
Member since Nov 2016
1745 posts
Posted on 11/7/17 at 9:27 am to
I always get a kick out of the open-ended question: "How much do you want to spend?" They must especially lick their chops when someone gives them a monthly amount.


Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 11/7/17 at 9:28 am to
And?
Posted by Bourre
Da Parish
Member since Nov 2012
24254 posts
Posted on 11/7/17 at 9:28 am to
I just bought a used truck off Craigslist. You have to be patient and filter through a lot of bs but there is good value that can be found. I hated going to the dealership. They knew nothing about the vehicles they were selling and was overpriced by a couple thousand.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/7/17 at 9:29 am to
2010, 98k
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481222 posts
Posted on 11/7/17 at 9:32 am to
quote:

here have been models that show trying to make the process more efficient and less painful leads customers to feel they aren’t getting a good deal. The idiots feel like they have to go through this whole get angry and threaten to leave BS to get the best deal. If they don’t get that experience then they won’t buy. Meanwhile, those of us that know better are forced to take the same ride as the ignorant masses.

exactly

it's annoying as frick, especially since government has enacted laws to protect these frickers

shite boils my blood. government creates laws to protect the dealership model under the guise of "consumer protection" while doing nothing more than creating a sea of sharks who are trained to take advantage of these people even moreso

Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 11/7/17 at 9:32 am to
The model is designed to stress.

Needs a component where you get to kick them all in the balls if they take more than 45 minutes.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481222 posts
Posted on 11/7/17 at 9:34 am to
quote:

I bet car salespeople love you. You've convinced yourself you are too smart to negotiate on price.

in the rare instances where i am buying/leasing a car, i have a number and tell them if they want to haggle i'm leaving

usually i leave when they start up their bullshite

when i was younger and less sophisticated i got a somewhat bad deal on a car. it happens. but a few years ago when i was looking for a new car, that same salesman got legit butthurt when i used another salesman for my lease. the fricking balls on that guy
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481222 posts
Posted on 11/7/17 at 9:34 am to
quote:

They must especially lick their chops when someone gives them a monthly amount.

their entire model is based around that hook
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 11/7/17 at 9:38 am to
quote:

2010, 98k
Definitely sell that on your own. Don't trade it.
Posted by Will Cover
Davidson, NC
Member since Mar 2007
40387 posts
Posted on 11/7/17 at 9:38 am to
quote:

I always get a kick out of the open-ended question: "How much do you want to spend?" They must especially lick their chops when someone gives them a monthly amount.


I don't have any data to back up what I am about to type, but I would be willing to wager that the majority of people that shop for a new or used vehicle voluntarily give this information.

A good sales person will ask a question and listen. The customer will usually vomit their thoughts, reducing any leverage they had before they walked in the dealership's doors.
Posted by TigerRob82
Baton Rouge
Member since Nov 2014
407 posts
Posted on 11/7/17 at 9:40 am to
quote:

Perhaps if manufacturers set the MSRP to a more reasonable level, people would do that. Sticker prices are inflated on many lots. And don't even get me started on the "market adjustment" add ons that some dealers tack on every vehicle on the lot (looking at you Lakeside Toyota)

I agree on the " Market Adjustment " BS that some dealers throw on there. That shouldn't be there. Honestly I would eliminate rebates all together and lower the actual MSRP ( to not compensate for the rebates) and just sell off of there. It would simplify things easier and make the process a little smoother.

The problem is consumers want money off, so they went from 1k rebates on a 30k price tag to 10k rebates on a 45k price tag.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/7/17 at 9:40 am to
quote:

Definitely sell that on your own. Don't trade it.


Should I bother with the back bumper? The only damage is one the sensors is knocked out. No scuffs are anything.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18575 posts
Posted on 11/7/17 at 9:41 am to
quote:

There's got to be a better way.



There is.
Posted by TbirdSpur2010
ALAMO CITY
Member since Dec 2010
134318 posts
Posted on 11/7/17 at 9:42 am to
quote:

I find the car I want online and a price I like. Then I go buy it. Easy enough.



This.
Posted by DHS1997
BATON ROUGE
Member since Nov 2014
867 posts
Posted on 11/7/17 at 9:42 am to
I have been in the auto finance business for 16 years for 3 large banks you would be surprised how little or no money is made on new cars many dealers whore out the front end and try to make it up on the back end (Finance Department) also when you give the customer a good experience on the sales side they keep buying from you and also use you for service and parts which is a huge profit center. Just as a reference Team Honda the largest honda dealer in the state sells 500 a month about 50/50 new and used the avg front end profit on new is (600) and used is 2600 used car salesman make much more but it is more work.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 11/7/17 at 9:44 am to
I wouldn't, unless you can do it yourself.
Posted by LNCHBOX
70448
Member since Jun 2009
89400 posts
Posted on 11/7/17 at 9:46 am to
quote:

The only damage is one the sensors is knocked out.


Pop it back in or superglue it
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/7/17 at 9:47 am to
Nah. I would think it would be a pretty decent truck for a high schooler. Toyotas run forever.
Posted by LNCHBOX
70448
Member since Jun 2009
89400 posts
Posted on 11/7/17 at 9:48 am to
quote:

I don't have any data to back up what I am about to type, but I would be willing to wager that the majority of people that shop for a new or used vehicle voluntarily give this information.

A good sales person will ask a question and listen. The customer will usually vomit their thoughts, reducing any leverage they had before they walked in the dealership's doors.



My standard response to that question is the monthly payment is irrelevant. That usually gets me a confused look
first pageprev pagePage 3 of 9Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram