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Politics : DON'T START THE WAR
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To: techanalyst1 who wrote (17267)3/7/2003 6:22:25 PM
From: Patricia Trinchero  Read Replies (2) of 25898
 
"But the price of used cars is down because of too much supply."

The price of used cars is determined by miles, condition, tires,cleanliness, cigarette smoke smell, AC, CD players etc. There is a BLue Book that standardizes the wholesale and retail value. The book is published every month so dealers have a standard by which they set the price for the car.

The salesmen can deviate a little on the prices but the dealer has a certain cost that he is in it for and won't go down unless he has had the car on the lot for a very long time................usually those cars are dogs and few people want to buy them.

There hasn't been alot of trades until recently so people haven't been buying old or new.The dealer's inventories are getting old and are costing them interest payments on their loans.

Always buy a car at the end of the month when all the salesman and dealers are more motivated to unload and reach their sales goals.
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