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How long do dealers keep cars for?

  • 19-09-2011 9:28am
    #1
    InchicoreDude
    Closed Accounts Posts: 1,443 ✭✭✭


    In general, how long would a dealer keep a car for before dropping the price to sell the car? I have been on the lookout for a new car for the last couple of months and have noticed that the cars I looked at 2 months ago are still for sale and are still at the same price. But the longer they keep these cars, the more their value falls (An 08 car will soon be an 07 car for example). So will the dealer eventually lower the asking price? I am surprised I have not seen the asking price being lowered on any of the cars I have looked at.


Comments

  • #2
    Del2005
    Registered Users, Registered Users 2 Posts: 19,102 ✭✭✭✭Del2005


    It all depends on how popular the car is and how much they paid for it, which leads to how long they'll keep it and how much bargaining room there is.

    But from my own recent experience good cars don't last long on forecourts.


  • #3
    InchicoreDude
    Closed Accounts Posts: 1,443 ✭✭✭InchicoreDude


    But from my own recent experience good cars don't last long on forecourts.

    That suggests I have been looking at the wrong cars!
    It all depends on how popular the car is and how much they paid for it, which leads to how long they'll keep it and how much bargaining room there is.

    Would they ever take a loss? They must have to sometimes, when they see the car value depreciating to lower than what they paid for it...


  • #4
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    Comparing the asking price to what they paid for it they can leave them there for quite a while, most forecourt stock is there for a good lash of weeks, that's why trade in prices are so low, they are charging you in advance for the car sitting on the forecourt.


  • #5
    si_guru
    Registered Users, Registered Users 2 Posts: 2,347 ✭✭✭si_guru


    If it has been there two months I would say they would take a decent cash offer.


  • #6
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    si_guru wrote: »
    If it has been there two months I would say they would take a decent cash offer.

    Wouldn't imagine so, they'll take what the car is worth alright but just because someone is offering "cash", it doesn't mean they'll automatically sell at a loss, either.

    I know of a few cars sitting on dealer forecourts alot long than a couple of weeks!


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  • #7
    furtzy
    Closed Accounts Posts: 1,464 ✭✭✭furtzy


    If you are a cash buyer make an offer, leave your details, and see if they call and continue your search in the mean time


  • #8
    si_guru
    Registered Users, Registered Users 2 Posts: 2,347 ✭✭✭si_guru


    Limerick man wrote: »
    Wouldn't imagine so, they'll take what the car is worth alright but just because someone is offering "cash", it doesn't mean they'll automatically sell at a loss, either.

    I know of a few cars sitting on dealer forecourts alot long than a couple of weeks!

    But they could decide to remove some of their px bargaining money for cash.


  • #9
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    si_guru wrote: »
    But they could decide to remove some of their px bargaining money for cash.

    Not really, what happens if someone comes in with a trade in then and wants to trade in against the lower price?


  • #10
    Del2005
    Registered Users, Registered Users 2 Posts: 19,102 ✭✭✭✭Del2005


    InchicoreDude wrote: »
    That suggests I have been looking at the wrong cars!

    Maybe or they could be way overpriced. When I was looking at cars recently, €4k-€7k, I would spot a car on the net in work. When I'd get a chance to call about it some would be gone some wouldn't. Whenever I went to look at the ones that where on sale for any length of time there was also something with them.
    InchicoreDude wrote: »
    Would they ever take a loss? They must have to sometimes, when they see the car value depreciating to lower than what they paid for it...

    Garages regularly take a loss but try and avoid if possible. That's why they keep overpriced stock, better to have an over priced asset than a real loss.


  • #11
    InchicoreDude
    Closed Accounts Posts: 1,443 ✭✭✭InchicoreDude


    Maybe or they could be way overpriced. When I was looking at cars recently, €4k-€7k, I would spot a car on the net in work. When I'd get a chance to call about it some would be gone some wouldn't. Whenever I went to look at the ones that where on sale for any length of time there was also something with them.

    I am having the same experience, but what is surprising me is that those which I saw about 2 months ago are still the same asking price; I thought they would have come down somewhat in price since then. I am going to keep an eye on them with some interest to see how long they last....


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  • #12
    Cuddlesworth
    Registered Users, Registered Users 2 Posts: 14,012 ✭✭✭✭Cuddlesworth


    From what I have seen, if the car has been sitting there too long they will sell it at cost or at a small loss to another dealer/garage due to consumer warranty problems.


  • #13
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    Cuddlesworth wrote: »
    From what I have seen, if the car has been sitting there too long they will sell it at cost or at a small loss to another dealer/garage due to consumer warranty problems.

    That makes absolutely no sense! LOL it'll just be the same problem for the next garage? If they can't sell it, they wait until it sells.


  • #14
    Hiace.
    Closed Accounts Posts: 208 ✭✭Hiace.


    Limerick man wrote: »
    Wouldn't imagine so, they'll take what the car is worth alright but just because someone is offering "cash", it doesn't mean they'll automatically sell at a loss, either.

    I know of a few cars sitting on dealer forecourts alot long than a couple of weeks!

    I've seen cars sit in some dealers for a couple of years. They become landmarks after a while.


  • #15
    InchicoreDude
    Closed Accounts Posts: 1,443 ✭✭✭InchicoreDude


    Hiace. wrote: »
    I've seen cars sit in some dealers for a couple of years. They become landmarks after a while.

    Surely, they would just give them away for near to nothing at that stage :confused:


  • #16
    Hiace.
    Closed Accounts Posts: 208 ✭✭Hiace.


    InchicoreDude wrote: »
    Surely, they would just give them away for near to nothing at that stage :confused:

    Nope their theory is someone will eventually come along that will cover the costs they are out. When they do admit defeat they will sell them off at action, rather than sell them off cheap locally, and get the name that if you wait long enough they will give them away. Car dealers cannot afford to have that rep.


  • #17
    InchicoreDude
    Closed Accounts Posts: 1,443 ✭✭✭InchicoreDude


    and get the name that if you wait long enough they will give them away. Car dealers cannot afford to have that rep.

    Good point, didnt think of that.............


  • #18
    johnos1984
    Closed Accounts Posts: 6,096 ✭✭✭johnos1984


    Hiace. wrote: »
    I've seen cars sit in some dealers for a couple of years. They become landmarks after a while.

    Al Hayes in Portumna :D

    Good garage but the same cars can be there for YEARS


  • #19
    MidlandsM
    Banned (with Prison Access) Posts: 5,737 ✭✭✭MidlandsM


    johnos1984 wrote: »
    Al Hayes in Portumna :D

    Good garage but the same cars can be there for YEARS

    with moss all over em':p


  • #20
    johnos1984
    Closed Accounts Posts: 6,096 ✭✭✭johnos1984


    MidlandsM wrote: »
    with moss all over em':p
    It protects the paint you see

    And in some instances the interior trim too


  • #21
    L-M
    Registered Users, Registered Users 2 Posts: 23,694 ✭✭✭✭L-M


    johnos1984 wrote: »
    Al Hayes in Portumna :D

    Good garage but the same cars can be there for YEARS

    Fairly sure they're all tied up in some sort of bankruptcy thingy from years ago and can't be touched.


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  • #22
    johnos1984
    Closed Accounts Posts: 6,096 ✭✭✭johnos1984


    Limerick man wrote: »
    Fairly sure they're all tied up in some sort of bankruptcy thingy from years ago and can't be touched.
    It's always been the same for years.

    I don't think it has to do with finance issues


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