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SVTPerformance's Chain of Restaurants
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Shelby GT500 Buy/Sell
Killer deal on a New 08 GT500???
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<blockquote data-quote="03'Darin" data-source="post: 8158193" data-attributes="member: 6164"><p>I know I'm a little late to this party but I just ran across this thread. I've been a Ford salesman for over 22 years and seeing stuff like this posted gets under my skin.</p><p></p><p>First off totheduals numbers are WAY off. </p><p></p><p>On a $47,000 window sticker GT500 there is $4,000 mark up from invoice, then there is $1,300 of hold back. Hold back is basically considered floor plan assistance for the dealer. If the dealer sells the car quickly they pretty much make that as profit. Holdback should cover 90 days of the dealers cost to stock the vehicle. For each month or even day that car sists there it costs the dealer money. Most dealers have their inventory "floor planned" which means they pay interest each month on the cost of the car. Basically like just paying the interest on your car loan. </p><p></p><p>Maybe in Canada they have a $6500 rebate on these cars but here we have $3,000 DEALER CASH, not a rebate but additional incentive that the dealer gets when they sell the car. Rebates and or dealer cash are specific to the region you live in. So you can't go buy a car in Canada that you license in Michigan and get a $6,500 rebate.</p><p></p><p>So in todays market if you were to sell a car for sticker (how in the world are we going to do that??) The dealer would have $4,000 markup, $1,300 of holdback and $3000 of dealer cash for a total of $8,300.00 Now lets take into account how much it cost the dealer to sit on that car for oh lets say.... a year...... maybe $3,000???? So that drops the profit down to $5,300.</p><p></p><p>Now as far as salemans pay goes.... most dealerships pay 25% on the profit from invoice to selling price. I don't know of any dealerships that pay salesman on hold back. Most dealerships do pay on dealer cash, but some don't. Now pay on specialty cars like GT500's or KR's or Cobra "R"s or anything selling at a premium the dealership usually cap the salemans pay at $500 or pay a drastically reduced % from the 25% bracket.</p><p></p><p>So no offense totheduals but unless your numbers were in canadian (I don't even know what the conversion rate is right now) you were way off.</p></blockquote><p></p>
[QUOTE="03'Darin, post: 8158193, member: 6164"] I know I'm a little late to this party but I just ran across this thread. I've been a Ford salesman for over 22 years and seeing stuff like this posted gets under my skin. First off totheduals numbers are WAY off. On a $47,000 window sticker GT500 there is $4,000 mark up from invoice, then there is $1,300 of hold back. Hold back is basically considered floor plan assistance for the dealer. If the dealer sells the car quickly they pretty much make that as profit. Holdback should cover 90 days of the dealers cost to stock the vehicle. For each month or even day that car sists there it costs the dealer money. Most dealers have their inventory "floor planned" which means they pay interest each month on the cost of the car. Basically like just paying the interest on your car loan. Maybe in Canada they have a $6500 rebate on these cars but here we have $3,000 DEALER CASH, not a rebate but additional incentive that the dealer gets when they sell the car. Rebates and or dealer cash are specific to the region you live in. So you can't go buy a car in Canada that you license in Michigan and get a $6,500 rebate. So in todays market if you were to sell a car for sticker (how in the world are we going to do that??) The dealer would have $4,000 markup, $1,300 of holdback and $3000 of dealer cash for a total of $8,300.00 Now lets take into account how much it cost the dealer to sit on that car for oh lets say.... a year...... maybe $3,000???? So that drops the profit down to $5,300. Now as far as salemans pay goes.... most dealerships pay 25% on the profit from invoice to selling price. I don't know of any dealerships that pay salesman on hold back. Most dealerships do pay on dealer cash, but some don't. Now pay on specialty cars like GT500's or KR's or Cobra "R"s or anything selling at a premium the dealership usually cap the salemans pay at $500 or pay a drastically reduced % from the 25% bracket. So no offense totheduals but unless your numbers were in canadian (I don't even know what the conversion rate is right now) you were way off. [/QUOTE]
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