What a dreadful day at the dealership
#201
This may be one of the dumbest arguments I have ever seen on an automotive forum. I spent a lifetime in dealerships just hoping to get an offer,,,any offer! That is what you do in the retail automotive business IN CASE YOU DIDN'T KNOW and you can't possibly sell anything until someone makes a legitimate offer. Legitimate meaning they will actually perform...not necessarily the right amount.
That does not mean that as a sales manager you might not do a Playhouse 90 and act as if though the customer has totally offended you with a "low-ball" offer. But, without that offer you are just sitting around twidling your thumbs MAKING NO MONEY. In this case, the customer gets spooky, goes home and posts on a forum. Is he a real buyer...probably not! He did though get 10 pages of responses alternating between calling the sales manager an idiot and maligning the OP! What a load of BS!
That does not mean that as a sales manager you might not do a Playhouse 90 and act as if though the customer has totally offended you with a "low-ball" offer. But, without that offer you are just sitting around twidling your thumbs MAKING NO MONEY. In this case, the customer gets spooky, goes home and posts on a forum. Is he a real buyer...probably not! He did though get 10 pages of responses alternating between calling the sales manager an idiot and maligning the OP! What a load of BS!
#202
Race Director
You will know what a low ball offer is when you try to sell a house. Always some guy that wants 20-30% off.
The problem with market value with cars like the C7 is that it changes quickly especially the more expensive C7s. I'm not worried about them, they probably bought it from some poor guy for about $60k stating it is a tough sell in the winter.
The problem with market value with cars like the C7 is that it changes quickly especially the more expensive C7s. I'm not worried about them, they probably bought it from some poor guy for about $60k stating it is a tough sell in the winter.
#203
Le Mans Master
This may be one of the dumbest arguments I have ever seen on an automotive forum. I spent a lifetime in dealerships just hoping to get an offer,,,any offer! That is what you do in the retail automotive business IN CASE YOU DIDN'T KNOW and you can't possibly sell anything until someone makes a legitimate offer. Legitimate meaning they will actually perform...not necessarily the right amount.
That does not mean that as a sales manager you might not do a Playhouse 90 and act as if though the customer has totally offended you with a "low-ball" offer. But, without that offer you are just sitting around twidling your thumbs MAKING NO MONEY. In this case, the customer gets spooky, goes home and posts on a forum. Is he a real buyer...probably not! He did though get 10 pages of responses alternating between calling the sales manager an idiot and maligning the OP! What a load of BS!
That does not mean that as a sales manager you might not do a Playhouse 90 and act as if though the customer has totally offended you with a "low-ball" offer. But, without that offer you are just sitting around twidling your thumbs MAKING NO MONEY. In this case, the customer gets spooky, goes home and posts on a forum. Is he a real buyer...probably not! He did though get 10 pages of responses alternating between calling the sales manager an idiot and maligning the OP! What a load of BS!
At some point you also have to factor in your time and spending hours if not days chasing the lowest deal will cost you time and money.
#204
OP made an lowball offer. Dealer declined and then later countered. OP countered back and they were $500 apart and OP and dealer moved on. Over $500 on a car that stickered for over $100K!!!
At some point you also have to factor in your time and spending hours if not days chasing the lowest deal will cost you time and money.
At some point you also have to factor in your time and spending hours if not days chasing the lowest deal will cost you time and money.
I can though tell people who really think the OP's offer was a low-ball, there could be a bright future in car sales if you can set values that close without being in the business!
#205
Drifting
Based on the way the sales manager over-reacted, i would also have let it go for $500. If the guys was nice... and counter offered right away, then there might have been a deal... $500 is not much for any serious buyer and they usually make it up with bullshit fees and Nitrogen in the tires, the expensive Nitrogen!
Lesson#1 never let a customer LEAVE, good chance you may never see him again.
Lesson#1 never let a customer LEAVE, good chance you may never see him again.
#206
Team Owner
Member Since: Jun 2005
Location: Northern, VA
Posts: 46,106
Received 2,481 Likes
on
1,944 Posts
St. Jude Donor '15
"In honor of jpee"
You will know what a low ball offer is when you try to sell a house. Always some guy that wants 20-30% off.
The problem with market value with cars like the C7 is that it changes quickly especially the more expensive C7s. I'm not worried about them, they probably bought it from some poor guy for about $60k stating it is a tough sell in the winter.
The problem with market value with cars like the C7 is that it changes quickly especially the more expensive C7s. I'm not worried about them, they probably bought it from some poor guy for about $60k stating it is a tough sell in the winter.
#207
Team Owner
Member Since: Sep 2005
Location: Big Bend Country, TX
Posts: 29,114
Received 2,186 Likes
on
1,337 Posts
St. Jude Donor '06-'07-'08-'09-'10-'11-'12-'13-'14-'15- '16-'17-‘18-‘19-'20-'21
NCM Lifetime Member
Going to be interesting to see how long this thread continues. I got lost in all the responses. Did or did not the op finally buy the car ?
#208
The only rational way to price is based upon comp sales regardless of the commodity. Based upon that the dealer priced it under market, and decided to stick close to that price.
There will always be outlier data points, and over time the comp price may well change, but right now, it is what it is.
There will always be outlier data points, and over time the comp price may well change, but right now, it is what it is.
#209
Only "given", car was priced too high to sell for the last week since this thread started. Another month, better weather, who knows?
Last edited by WideVette; 01-05-2018 at 05:30 PM.
#210
The only rational way to price is based upon comp sales regardless of the commodity. Based upon that the dealer priced it under market, and decided to stick close to that price.
There will always be outlier data points, and over time the comp price may well change, but right now, it is what it is.
There will always be outlier data points, and over time the comp price may well change, but right now, it is what it is.
In addition to the physical differences there is also the mental mind set of the dealer with the car. In the case of a Corvette, there are those who want it gone tomorrow because of the potential liabilities attached and others who will hold for a long time hoping to hit the proverbial "home run".
Don't ever fall into the trap that Bankers often do. They have access to price guides and even sometimes auction reports. They actually begin to think they understand the market while making their five grand a month and the real used car managers are making six figures annually. If it were all so easy, I could have saved a lot of money by hiring a high school kids who read well to appraise and value my cars.
#211
Safety Car
Member Since: Feb 2016
Location: Bainbridge Island WA
Posts: 4,980
Received 3,818 Likes
on
1,614 Posts
If I'm reading this right, OP still wouldn't take the car when they were within $500. In other words, we had all this drama that was a waste of time, all originally because the sales manager was mean to this guy.
The following users liked this post:
woodsguy (01-10-2018)
#212
#213
Race Director
You would be right on the money if you were selling a commodity where dozens of identical items were sold in the same neighborhood. That does not happen with cars and especially not with Corvettes. There is too much variance in mileage, color, options, transmissions, condition, and 100 other things. Locations within the same state will even come into play.
In addition to the physical differences there is also the mental mind set of the dealer with the car. In the case of a Corvette, there are those who want it gone tomorrow because of the potential liabilities attached and others who will hold for a long time hoping to hit the proverbial "home run".
Don't ever fall into the trap that Bankers often do. They have access to price guides and even sometimes auction reports. They actually begin to think they understand the market while making their five grand a month and the real used car managers are making six figures annually. If it were all so easy, I could have saved a lot of money by hiring a high school kids who read well to appraise and value my cars.
In addition to the physical differences there is also the mental mind set of the dealer with the car. In the case of a Corvette, there are those who want it gone tomorrow because of the potential liabilities attached and others who will hold for a long time hoping to hit the proverbial "home run".
Don't ever fall into the trap that Bankers often do. They have access to price guides and even sometimes auction reports. They actually begin to think they understand the market while making their five grand a month and the real used car managers are making six figures annually. If it were all so easy, I could have saved a lot of money by hiring a high school kids who read well to appraise and value my cars.
#214
You would be right on the money if you were selling a commodity where dozens of identical items were sold in the same neighborhood. That does not happen with cars and especially not with Corvettes. There is too much variance in mileage, color, options, transmissions, condition, and 100 other things. Locations within the same state will even come into play.
In addition to the physical differences there is also the mental mind set of the dealer with the car. In the case of a Corvette, there are those who want it gone tomorrow because of the potential liabilities attached and others who will hold for a long time hoping to hit the proverbial "home run".
Don't ever fall into the trap that Bankers often do. They have access to price guides and even sometimes auction reports. They actually begin to think they understand the market while making their five grand a month and the real used car managers are making six figures annually. If it were all so easy, I could have saved a lot of money by hiring a high school kids who read well to appraise and value my cars.
In addition to the physical differences there is also the mental mind set of the dealer with the car. In the case of a Corvette, there are those who want it gone tomorrow because of the potential liabilities attached and others who will hold for a long time hoping to hit the proverbial "home run".
Don't ever fall into the trap that Bankers often do. They have access to price guides and even sometimes auction reports. They actually begin to think they understand the market while making their five grand a month and the real used car managers are making six figures annually. If it were all so easy, I could have saved a lot of money by hiring a high school kids who read well to appraise and value my cars.
It was the dealer's right to hold close to what was considered to be a fair price. The dealer may win or lose his/her bet. Its a simple as that and end of story.
Last edited by Foosh; 01-05-2018 at 06:01 PM.
#215
OK, but it appears the best available data was utilized. Dealer decided to hold on for what he believed was a fair value. The data utilized was independently confirmed by several on this thread, and the dealer asking price was indeed under current estimated "market value." I'm not suggesting it's rocket science, but it is rational.
It was his right to hold close to what he considered to be a fair price. He may win or lose his/her bet. Its a simple as that and end of story.
It was his right to hold close to what he considered to be a fair price. He may win or lose his/her bet. Its a simple as that and end of story.
Hey, COF folks, Foosh just called it! Nothing more to see here....
#216
Melting Slicks
OK, but it appears the best available data was utilized. Dealer decided to hold on for what the numbers suggest is a fair value. The data utilized was independently confirmed by several on this thread, and the dealer asking price was indeed under current estimated "market value." I'm not suggesting it's rocket science, but it is rational.
It was the dealer's right to hold close to what was considered to be a fair price. The dealer may win or lose his/her bet. Its a simple as that and end of story.
It was the dealer's right to hold close to what was considered to be a fair price. The dealer may win or lose his/her bet. Its a simple as that and end of story.
One post script.
When it's yours or you are a Seller, it's the best car in world and worth far more than any silly book or market says it's worth.
When you are a Buyer, same car is an over-priced piece of crap not worth the space it takes up.
Amazing.
Marty
The following 3 users liked this post by DRM500RUBYZR-1:
#217
Racer
Thread Starter
Dealerships are pricing their vehicles base on demographic area along with supply and demand. Yes I have money on hands and ready to purchase.
Knowing that we are only $500 away from closing the deal, and yes I could cough up extra $500, but by no means this would teach the dealership a lesson.
I absolutely do not want to convey a message despite their negative customer service and still make the deal.
Knowing that we are only $500 away from closing the deal, and yes I could cough up extra $500, but by no means this would teach the dealership a lesson.
I absolutely do not want to convey a message despite their negative customer service and still make the deal.
#218
Dealerships are pricing their vehicles base on demographic area along with supply and demand. Yes I have money on hands and ready to purchase.
Knowing that we are only $500 away from closing the deal, and yes I could cough up extra $500, but by no means this would teach the dealership a lesson.
I absolutely do not want to convey a message despite their negative customer service and still make the deal.
Knowing that we are only $500 away from closing the deal, and yes I could cough up extra $500, but by no means this would teach the dealership a lesson.
I absolutely do not want to convey a message despite their negative customer service and still make the deal.
The following 3 users liked this post by JALLEN4:
#219
Amen, talk about cutting off your nose to spite your face . . .
Last edited by Foosh; 01-05-2018 at 08:09 PM.
#220
Melting Slicks