You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
Tundra Solutions is looking for someone in the central valley who owns a 2007x Supercharged Tundra that we can borrow to take pictures of and use in a story. If you would like to help please send a PM to TundraSoul or send us an email. We will pay you for your gas and time to meet us at our office in Clovis. Thanks.
Pricing and DealersDiscussions that are specific to vehicle pricing, preferred dealer pricing, current incentives, rebates, and experiences.
This is a discussion thread titled "Manheim Prices?", within the Pricing and Dealers forum, part of the Marketplace Forums category.
Does anybody have access to recent sold prices for used Tundras at Manheim? I'm looking for a used truck and would like to get an idea of what the wholesale market is doing. I'm not against a dealer making a decent profit, but I am against him making an obscene one. I'm looking for a 2007 DC LB SR5
__________________ TundraSolutions.com Forum Rules
Got a question 'bout TS.com site policy? click HERE!
What is Rep Power? read more HERE!
Ready to create a new thread? WATCH THIS VIDEO FIRST.
I don't think either of those are very accurate for the average Joe. I believe the numbers they give are grossly skewed in the dealers' favor. That's why I'm asking for Manheim info b/c that's going to be the most accurate picture of what the market is doing right now. When you take a vehicle to trade it in, the first thing a dealer will do is look at what the auctions are bringing for your car and offer you that. Not exactly fair, but that's what they do.
I don't think either of those are very accurate for the average Joe. I believe the numbers they give are grossly skewed in the dealers' favor. That's why I'm asking for Manheim info b/c that's going to be the most accurate picture of what the market is doing right now. When you take a vehicle to trade it in, the first thing a dealer will do is look at what the auctions are bringing for your car and offer you that. Not exactly fair, but that's what they do.
May be fair as they may wholesale it and thats what they get for it. Sounds like you need to sell it yourself. Many of us think or vehicles are worth more than they really are. If you want retail price you need to retail it. Also there are other factors like myself living in Florida we have a 6% sales tax. If I trade a vehicle worth 10k I save 600 in sales tax.
__________________
Last edited by FLTundra06; 04-27-2008 at 09:51 PM.
I'm buying, not selling.
Auction price for your trade-in is not fair. At the auction, they don't get to drive your car or put it on a lift or anything like that. The prices are lower because of the risk of not knowing exactly what they're getting. They use Carfax too, but that only tells you what was reported.
whether it's fair or not, you need to look from the dealer's perspective: they can get the car from the individual (as a trade in) or from the auction. since everyone nowadays wants to buy a new car at or below invoice, dealers can only offer wholesale for the trade ins. especialy in the era of the internet and all those wanna-be-delaers with nothing more than a car dealer's license and a few ebay listings.
you say dealer shouldn't pay wholesale for the trade in, yet you want them to base their (used car) prices on the wholesale value. how fair is that?
IMO trade in value is kind of obsolete term nowadays. it should be wholesale-private-retail.
I don't see why a dealer shouldn't base their price on a wholesale price. I'm not saying they should sell for wholesale. Cost plus a reasonable profit is a fair way of doing business. It helps to know what the cost is to put yourself in a good bargaining position. The dealer won't sell if he doesn't feel good about how much he's making on the deal.
To equate the terms "trade-in" and "wholesale" is not correct. Look up your vehicle on KBB to get the "trade-in" value and then take it to Carmax and see the "wholesale" value they will give you for it. There is a big difference. I took an '05 Subaru to Carmax last year. The KBB trade-in was $21k+. They offered me $18.5k.
I don't see why a dealer shouldn't base their price on a wholesale price. I'm not saying they should sell for wholesale. Cost plus a reasonable profit is a fair way of doing business. It helps to know what the cost is to put yourself in a good bargaining position. The dealer won't sell if he doesn't feel good about how much he's making on the deal.
To equate the terms "trade-in" and "wholesale" is not correct. Look up your vehicle on KBB to get the "trade-in" value and then take it to Carmax and see the "wholesale" value they will give you for it. There is a big difference. I took an '05 Subaru to Carmax last year. The KBB trade-in was $21k+. They offered me $18.5k.
The amount that is listed for your trade means very little as a dealer can give you a great price for your trade and then make it back on the new vehicle. Some people get stuck on the amout they get for the vehicle they are trading instead of the difference after the deal in is done.
Yep you're right. But if the trade-in value is correct, you should be able to get the best price on your replacement vehicle minus what the trade is supposed to be worth. I know it never seems to work out that way, but in a perfect world it would.
you got it all wrong. why dealer should pay someone trade in when they can get similar car at (much lower) wholesale price? because they can make it up on selling you a new car at msrp or used one at retail price.
and on the same token, if you believe in the cost plus profit formula, well, for the dealer the cost is the wholesale price
you got it all wrong. why dealer should pay someone trade in when they can get similar car at (much lower) wholesale price? because they can make it up on selling you a new car at msrp or used one at retail price.
and on the same token, if you believe in the cost plus profit formula, well, for the dealer the cost is the wholesale price
Thanks for letting me know how wrong I am. I feel much better now that you've clarified the whole thing for me.
hey, I don't blame you for trying to save money, nor the dealers trying to make money. but if you expect dealers to pay trade-in value for your car (when they can get same car for much less at the auction) and sell you another one at "reasonable" profit over auction cost, well that's your perfect world.
Manheim Prices?
Linear Mode
