% wise or $ wise.? If you buy a car for $10 and on sell it for $30, then you are 200% better off, but only $20 gross profit !
tgray,
Oct 24, 1:56am
$34,000. Although my regular mark up is only $500. Really.
kazbanz,
Oct 24, 2:06am
$2.50 and a box of beers
poppy62,
Oct 24, 2:48am
Wow! $500 you're creaming it mate. Kaz may want a heads up.
countrypete,
Oct 24, 4:08am
No, that only tells you the difference between what a dealer might pay wholesale for a car and what a suggested retail MIGHT be. Takes no account of any reconditioning or preparation costs, or any of the other overheads a dealership has to cover. If a dealer makes $500 net they are exceptional.
stevo2,
Oct 25, 6:04pm
If you re read that post, you will see that no money at all needed to be spent on reconditioning or even grooming that car. Naturally the dealers overheads need to come off all sales but I dont think thats what the OP was asking. My best profit was on a 90s laser. Paid $1000, spent $1200, sold for $3800
kazbanz,
Oct 25, 9:41pm
Steveo I bet ya 3 chokkie fish that money got spent on"that car" That's the difference between private and REAL dealers sales.
bwg11,
Oct 25, 9:48pm
To answer this question you probably need to define "profit". Is profit simply sale price minus reconditioning and cost price, or is "profit", sale price minus cost price plus reconditioning and the units share of other costs such as advertising, floor plan interest, yard rent, wage bill and all other overheads such as power and insurance?
anenigma,
Oct 25, 10:26pm
haha . any dealer making anything like that would be dead in the water inside of a month lol
tgray,
Oct 25, 10:36pm
Well I'm still going 12 years and counting.
stevo2,
Oct 26, 3:55am
mmmmmmm, chockie fish. Stevo likes chockie fish. Do you post em out kaz or do i have to come to aucks to pick em up?
anenigma,
Oct 26, 5:39am
seriously?
How do you manage warranty comebacks - you can sell a car that through no fault of your own has issues that you were unaware of, but have to pay.
That doesnt allow for much contingency - especially once tax is taken off
butterfly05,
Oct 26, 8:52am
Look at the user name he probably sells grey Toyotas. No comebacks on those suckas gauranteed.
tgray,
Oct 26, 9:48am
$500 gross is around $300 nett. Not a lot, I accept, but if you sell enough, it adds up. I don't get many comebacks but if I have a problem, the dealers I buy off will fix them for me for free.
kazbanz,
Oct 26, 9:35pm
Ok you made me laugh dude. -But still its you pays me the chokkie fish
tony9,
Oct 27, 4:21am
Not a car, but one deal for IT equipment. Margin was in the high 10's of millions, and salesperson's commission would have been about 10% of that.
cagivachick1,
Oct 27, 7:10am
paid $1500 for a xw falcon sold for 17k
tgray,
Oct 27, 7:17am
Um, OK, if you say so.
cagivachick1,
Oct 27, 7:49am
yes i do say so, bought it for $1500 in 1986 sold it last year for 17k
mals69,
Oct 28, 6:16am
Dealers on here do not make any money - do it for the love of it. Dealers like farmers in the main, only hear of their exspenses. No doubt tgray you make $10,000 min on your late model vettes, prob more like tens of thousands - and good for you !
3tomany,
Oct 28, 6:23am
worst was ba falcon paid 33 for it then it sat on the yard for 12 month {Birthday car} then sold it for 27
tgray,
Oct 28, 7:02am
The danger is treating the GST claimed many months ago as your own money and then having to pay $13,000 in GST back when you sell it! That is something I did today for my Aug/Sept GST taxes. Grrrr.
mals69,
Oct 28, 7:42am
What was that someone was saying about not hearing about the profits :)
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