Car Sales Data (2019)

[CVT]

several years ago, a car dealer ("casa") mentioned the amount they make from every sale. it was ridiculouslyly small.
then he adds, "we make our real money on the services part, i.e., pms etc, that we do on your car".

That could be the case here, sadly. But I don't believe it.

I have a couple of experiences in the US, as a companion, not a negotiator/buyer where my work colleague as in the case of the one in CA, and a relative as in the case of the second one in SC, were able to get approximately 20% off the tag price of a brand new vehicle.

And we get to drive them home after issuing personal checks.

Now that works for us customers.

After over an hour of talks and negotiation, make it two... the agent talked to his manager and we closed the deal. I got to drink 4 cups of brewed coffee and munched a couple of bagels... He he he

Dito, cartel... Sayang oras mo...

[StockEngine]

That could be the case here, sadly. But I don't believe it.

I have a couple of experiences in the US, as a companion, not a negotiator/buyer where my work colleague as in the case of the one in CA, and a relative as in the case of the second one in SC, were able to get approximately 20% off the tag price of a brand new vehicle.

And we get to drive them home after issuing personal checks.

Now that works for us customers.

After over an hour of talks and negotiation, make it two... the agent talked to his manager and we closed the deal. I got to drink 4 cups of brewed coffee and munched a couple of bagels... He he he

Dito, cartel... Sayang oras mo...

That last sentence

srp + (dealer tax)

[jut703]

That could be the case here, sadly. But I don't believe it.

I have a couple of experiences in the US, as a companion, not a negotiator/buyer where my work colleague as in the case of the one in CA, and a relative as in the case of the second one in SC, were able to get approximately 20% off the tag price of a brand new vehicle.

And we get to drive them home after issuing personal checks.

Now that works for us customers.

After over an hour of talks and negotiation, make it two... the agent talked to his manager and we closed the deal. I got to drink 4 cups of brewed coffee and munched a couple of bagels... He he he

Dito, cartel... Sayang oras mo...

I can confirm to you that dealers have very little margins on car sales (typically ~5-10% on hot selling models). The statement is true that they make most of their revenues from services, and that the only time they can offer significant discounts is when it is manufacturer-sponsored.

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[StockEngine]

I can confirm to you that dealers have very little margins on car sales (typically ~5-10% on hot selling models). The statement is true that they make most of their revenues from services, and that the only time they can offer significant discounts is when it is manufacturer-sponsored.

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cash basis vs cash basis(with discounts) vs in-house payment schemes?

[dr. d]

cash basis vs cash basis(with discounts) vs in-house payment schemes?

in-house installment program is the best... for the house!

[CVT]

I can confirm to you that dealers have very little margins on car sales (typically ~5-10% on hot selling models). The statement is true that they make most of their revenues from services, and that the only time they can offer significant discounts is when it is manufacturer-sponsored.

Sent from my SM-N970F using Tapatalk

Thanks bro

And with that, I am guessing that their ~20% discount on the SRP of outgoing models is manufacturer-sponsored...

But then, the parties still make money...

[babkalakal]

parang iba sistema sa mga dealer sa america. consigned ata sa mga dealer or ni loloan na nila sa banko. di pa nila kailangan bayaran outright? i maybe wrong though.

[papi smith]

Thanks bro

And with that, I am guessing that their ~20% discount on the SRP of outgoing models is manufacturer-sponsored...

But then, the parties still make money...

Meron ba nito ngayon sir? Baka kasama ang CRV dyan hehe

Kung kasama, susugalan na namin yan during this uncertain times...

Ooops, did a little googling, 3 years old pa lang pala ito

[jut703]

Thanks bro

And with that, I am guessing that their ~20% discount on the SRP of outgoing models is manufacturer-sponsored...

But then, the parties still make money...

I don't think a 20% discount is the norm in cars. Montero na pinakamalaki magdiscount but 200k vs 1.8M is just an 11% discount. Even for outgoing models, anything above 100k is generous.

Manufacturers support moveout discounts so they can pipe in new inventory to the dealers, so that they themselves can load up new inventory from the plants. No different from any other business.

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[CVT]

I don't think a 20% discount is the norm in cars. Montero na pinakamalaki magdiscount but 200k vs 1.8M is just an 11% discount. Even for outgoing models, anything above 100k is generous.

Manufacturers support moveout discounts so they can pipe in new inventory to the dealers, so that they themselves can load up new inventory from the plants. No different from any other business.

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I guess I got lucky twice on outgoing models from the same car manufacturer...

Years ago I bought a ride for P360k after a P70k discount.

And in 2015, bought one for P1350K after a P250K discount.

That's around 16% off each from the published SRP...

The downside is after 3 months, you're driving a new previous model.... But I don't mind....