Historically, dealers would not make much profit on the sale of a new car. That's when cars would sell for much less than MSRP. In our recent market however, dealers have been selling new cars at close to MSRP, allowing them to make a significant portion of their profit through the mar...
In January 1961, John F. Kennedy took office as the 35th president of the United States. This marked the tail-end of a short recession, which led to a period of immense economic expansion (the longest in history up to that point), lasting until 1969. Some cars that were introduced in ...
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Salvage title value, if a car has not been repaired after a major accident, will only be10%-50% of used car value. Even if you do go out of pocket for major repairs (or insurance pays for them), you're still only likely to receive about 70% of the value of a used car that wa...
But like with so much history, it is worth knowing where we have been, so that we can better understand where we are going. It is even more important to take a look at the history of buying cars, to see how things changed for the better, so that we do not regress and miss the ...
This, of course, means that dealerships have to make room for the shiny new sets of four wheels about to grace their businesses. And because there’s rarely (if ever) such a thing as a “backroom” for cars, they can’t just move the older models into storage. They’ve got to sell...
Car dealerships come in different shapes, sizes and sell various products depending on their business model. A car dealer may decide to sell vehicles for one car manufacturer, a deal that often earns them more money but is restrictive as they cannot venture into selling other cars. ...
We have the largest selection of new and pre-owned vehicles in Southern Utah here at Stephen Wade Auto Center. And that means we need to buy used cars and trucks to keep our lots full! So we’re always willing to buy your vehicle: any make, any model, any condition. No purchase is...
2. Low-balling trade-in value: is a tactic used by car dealerships to offer a low price for a car that a buyer is looking to trade in as part of a new car purchase. The dealership will intentionally undervalue the trade-in car to reduce the overall cost of the new car and make ...
with many places to buy your next used car. But whether you live in Sandy Utah, Draper Utah, Murray Utah, or somewhere else nearby or far away, we have tremendous confidence that Larry H. Miller Used Cars should be your first stop when looking to purchase, service, or sell used car. ...