Manheim prices
Melting Slicks
Joined: Oct 2016
Posts: 2,876
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Thread Starter
Melting Slicks
Joined: Feb 2001
Posts: 2,015
Likes: 52
From: Largo,Fl fl
New car sales men get a commission on the new car. the used car dept. buys your trade and then retails it. Am I getting something wrong, my cousin was a manager. A lot of times the new car salesman lies as to the actual call on your trade to up his gross. In the trade they call it the ACV actual cash value.
Racer
Joined: Nov 2004
Posts: 489
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Race Director
Joined: Jul 2007
Posts: 10,961
Likes: 2,643
From: Texas Hill Country
your trade does not always get retailed, especially if its a C5, goes straight to the auction.
to retail a car also means to recondition it first and sometimes cars need tires, brakes, a windshield, dent repair, blah blah, etc and so on and suddenly it isn't worth retailing.
so you take the car to the auction that wasn't worth retailing but because you traded it in for manheim average transaction price (calculated over the last month of transactions) you run it and it brings $1000 less than you gave for it and now you are losing money and if that's the business model then you are out of business.
to retail a car also means to recondition it first and sometimes cars need tires, brakes, a windshield, dent repair, blah blah, etc and so on and suddenly it isn't worth retailing.
so you take the car to the auction that wasn't worth retailing but because you traded it in for manheim average transaction price (calculated over the last month of transactions) you run it and it brings $1000 less than you gave for it and now you are losing money and if that's the business model then you are out of business.
Melting Slicks
Joined: Oct 2016
Posts: 2,876
Likes: 2,506
If there is a $5,000 discrepancy between what they are bringing and what you are offered, there is either a problem with your car or you need to start shopping. If there is a $1,000-1500 difference... read the paragraph above.
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From: Bainbridge Island WA
Le Mans Master
Joined: Aug 2000
Posts: 6,486
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From: Las Vegas NV
When you say the "full wholesale price", how much difference are we talking about? Selling the car at auction is not free. You would need to do the basic reconditioning such as a detail and fixing the more obvious problems. You must pay to transport the vehicle to the sale, you must pay the sale fee, and you have to pay someone to spend a good portion of the day there representing it. Besides all that, there is no guarantee you are going to get what the last one brought. You can watch the sale weekly for a month and suddenly the price changes on the day you take the car, it doesn't bring the money, and you start all over again.
If there is a $5,000 discrepancy between what they are bringing and what you are offered, there is either a problem with your car or you need to start shopping. If there is a $1,000-1500 difference... read the paragraph above.
If there is a $5,000 discrepancy between what they are bringing and what you are offered, there is either a problem with your car or you need to start shopping. If there is a $1,000-1500 difference... read the paragraph above.
And don't forget -- what a similar car got LAST week at auction doesn't guarantee that your car will get that much NEXT week.
Thread Starter
Melting Slicks
Joined: Feb 2001
Posts: 2,015
Likes: 52
From: Largo,Fl fl
I have had trade offers vary by thousands. My 13 base corvette with 13,000 miles. I was offered 23,500 at one lot 29,000 at another. Manheim price 30,000, 5 years ago my 04 zo6 with 33,000miles 19,000 at CarMax, I wholesaled for 25,000 at a used car lot Manheim 25,000
