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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: 16582312" data-attributes="member: 138337"><p>100%. This shows auction prices. The obvious dip last year when COVID broke out. Then, since then it's been super strong. Kinda hard to read. But it's based off of 'yesterday' (5 days). So on 2/1/20 it was 100%. On 2/6/2020 the average auction price was up about .05% from 2/1. Then on 2/11 it was about the same as it was on 2/6.</p><p></p><p>Since December, it's been trending up to about 101.5%. That doesn't mean that it's 101.5% of 2/1 of last year.... it means that it's up 1.5% in the last 5 days.</p><p></p><p>For example (for rough numbers):</p><p></p><p>MMR: $25,000 on 2/22/2021</p><p></p><p>On 2/28/2021 it is $26,100. Meaning it went up 4.4%, or at 104.4% of MMR.</p><p></p><p>On 3/5/2021 it is $26,300. Meaning it went up .7% from 2/28, meaning it will show on the graph as 100.7%.</p><p></p><p>The graph shows that beginning in April, prices started jumping. Some people would look at the graph and think of it as equalizing, which it kinda did in August, but the lows aren't as low as the highs were high. I'd guess that if we look at the chart with YOY numbers, MMR is up about 8-9%.</p><p></p><p>[ATTACH=full]1690523[/ATTACH]</p><p></p><p></p><p></p><p></p><p>Much more difficult to swap inventory. You either have to have something in stock that they really want or need, OR have a good relationship with that dealer. This is precisely the reason why you never want to burn a bridge in the car business. With a big or small dealer, it might just work out that some day you need them a lot more than they need you.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 16582312, member: 138337"] 100%. This shows auction prices. The obvious dip last year when COVID broke out. Then, since then it's been super strong. Kinda hard to read. But it's based off of 'yesterday' (5 days). So on 2/1/20 it was 100%. On 2/6/2020 the average auction price was up about .05% from 2/1. Then on 2/11 it was about the same as it was on 2/6. Since December, it's been trending up to about 101.5%. That doesn't mean that it's 101.5% of 2/1 of last year.... it means that it's up 1.5% in the last 5 days. For example (for rough numbers): MMR: $25,000 on 2/22/2021 On 2/28/2021 it is $26,100. Meaning it went up 4.4%, or at 104.4% of MMR. On 3/5/2021 it is $26,300. Meaning it went up .7% from 2/28, meaning it will show on the graph as 100.7%. The graph shows that beginning in April, prices started jumping. Some people would look at the graph and think of it as equalizing, which it kinda did in August, but the lows aren't as low as the highs were high. I'd guess that if we look at the chart with YOY numbers, MMR is up about 8-9%. [ATTACH=full]1690523[/ATTACH] Much more difficult to swap inventory. You either have to have something in stock that they really want or need, OR have a good relationship with that dealer. This is precisely the reason why you never want to burn a bridge in the car business. With a big or small dealer, it might just work out that some day you need them a lot more than they need you. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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