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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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<blockquote data-quote="13COBRA" data-source="post: 16582814" data-attributes="member: 138337"><p>If their inventory is growing, I guarantee their sales are down.</p><p></p><p></p><p></p><p>Well, in 2019 we traded for 51 vehicles (cars and trucks) that were purchased from us in 2018. We traded for 21 vehicles that were purchased in 2018 from another dealership. So 72 total.</p><p></p><p>Last year, we traded for 91 vehicles that we sold in 2019, and 43 that were sold by another dealership in 2019. So almost double.</p><p></p><p>My used inventory is most definitely not up, neither is new. My used sales was up about 21% last year, while new was down 1.5%. New was much more profitable than it had been in years past due to lower inventory holding costs.</p><p></p><p>I'm not even sure what your last couple of sentences is trying to point out...literally no one is saying to produce 100 F-150s.</p><p></p><p></p><p></p><p>Banks loan longer. Every five years, the average car loan lengthens by 6-12 months. It's depressing. In 2012 customers would scoff at financing for 72 months, hell, now that' the norm. There are people financing vehicles for 84, 96, and 108 months. INSANE.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 16582814, member: 138337"] If their inventory is growing, I guarantee their sales are down. Well, in 2019 we traded for 51 vehicles (cars and trucks) that were purchased from us in 2018. We traded for 21 vehicles that were purchased in 2018 from another dealership. So 72 total. Last year, we traded for 91 vehicles that we sold in 2019, and 43 that were sold by another dealership in 2019. So almost double. My used inventory is most definitely not up, neither is new. My used sales was up about 21% last year, while new was down 1.5%. New was much more profitable than it had been in years past due to lower inventory holding costs. I'm not even sure what your last couple of sentences is trying to point out...literally no one is saying to produce 100 F-150s. Banks loan longer. Every five years, the average car loan lengthens by 6-12 months. It's depressing. In 2012 customers would scoff at financing for 72 months, hell, now that' the norm. There are people financing vehicles for 84, 96, and 108 months. INSANE. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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