Posted by Luke S on October 03, 2008 at 12:43:14 from (72.161.57.7):
In Reply to: New truck rant posted by Lumpy on October 02, 2008 at 19:10:04:
I know it is fun and popular to bash dealers like myself, but some of you guys really ought to try sitting on the other side of the desk once. I am a small new car dealer in a town of about 2,000 people. I employ about 15 people. Last month I had to make $64,000 in profit just to break even, not to make a nickel, just to get back to zero. Sorry for me I missed that mark by about $6,000. I treat people fairly and have a good business, with a lot of return customers, my family has been in this business for nearly 30 years. We are by no means making anywhere near the margins a lot of people think. I was trying to trade with the local grocer the other day and he had a pretty decent 98" Chevy 1/2 ton ext. cab Z71 with about 130,000 miles. It was in pretty good shape, but it was starting to get rusty on the bedsides and the cab corners. I offered him $2500 and he was pretty insulted, I raised my offer to $3,000, he was still insulted, I then raised my offer the third and final time to $3650 and he still wouldn"t budge. I think I could have gotten about $4500-$4950 for it on the lot after I spent $250 detailing it, $250 to do a full service.
Long story short, some of us aren"t quite as bad as you think.
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