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SVTPerformance's Chain of Restaurants
Road Side Pub
What Exactly is Your Trade Worth?
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<blockquote data-quote="13COBRA" data-source="post: 15550922" data-attributes="member: 138337"><p>Holdback is from the manufacturer, so no we don't have holdback on used.</p><p></p><p>What you're referring to is a hard pack. And no, we do not do that. Dealerships will start going away from that, as they won't be able to stay competitive in the market.</p><p></p><p>For example, if they have a $1k pack, they will have to trade or buy vehicles $1k lower than any of their competitors to keep the same profit margin, etc. By doing that, they will miss a lot of trade ins and not be able to buy them at the auction, because the guy down the street will give $1k more for the same car.</p><p></p><p>Another dying business practice.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 15550922, member: 138337"] Holdback is from the manufacturer, so no we don't have holdback on used. What you're referring to is a hard pack. And no, we do not do that. Dealerships will start going away from that, as they won't be able to stay competitive in the market. For example, if they have a $1k pack, they will have to trade or buy vehicles $1k lower than any of their competitors to keep the same profit margin, etc. By doing that, they will miss a lot of trade ins and not be able to buy them at the auction, because the guy down the street will give $1k more for the same car. Another dying business practice. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
What Exactly is Your Trade Worth?
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