Quote:
Originally Posted by Hatterasguy
I think what's happening is that the car business is going threw a change.
Inventory on used cars remains tight and will for some time, and as a result prices are up. This is driving a business model change to buy here pay here lots. Throw in the internet which makes private sales even simpler, and super complicated modern cars, and its a perfect storm for the small used car lot.
Unless Tyler can specialize in a niche market he is probably fighting for an ever shrinking piece of pie with lots of other people.
IMHO even new car franchises are a poor business now. Massive overhead and your competing thanks to the internet with dealers from hundreds of miles away, now throw in what Tesla is trying to do... Back in the day a local dealer could count on local business, now a lot of dealers are online and on commodity vehicles like pickups for example its child's play to get half a dozen bidding off against each other all over the tri state area.
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This. I was talking to the president of a large local dealer group a couple months ago who said almost exactly the same thing and just about everyone is struggling with a traditional model. I think I would have been able to help his company ( the guy in the position I was trying to take was very print/tv/radio biased) but timing wasn't right.
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TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.
Past: 135i, GTI, 300E, 300SD, 300SD, Stealth
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