Quote:
Originally Posted by CamaroSSStlfan
Kinda dumb for the dealer. So they buy it, jack the price up and it just sits there like I see other overpriced cars do around here right now.
The dealer I got my used one at had it priced at 35,000. Within 3 weeks they brought sticker price down to 31,400.
I notice this because when I bought back in Sept I'd watch the used car listings and those Mustangs and Camaros were not moving despite being a low supply. Then eventually they'd price them down really low. I nearly bought a 2016 CS special with only 12k miles on it for a good price I was watching daily.
What sucks though for new Camaro buyers is with the sluggish sales the dealers don't order a huge inventory of them. They usually just carry one SS or LT and it's usually loaded up.
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I think a lot depends on the market, though, and may have also been influenced by possibly having a customer of the dealership that had been asking about a car like it. Plus, it could get CPO'd to jack the price further for the right buyer...
No dealership will sell a car at a loss. Many won't sell below a minimum profit amount. They hold it for a short time and then off to auction it goes. If the dealer bought the car at auction, it seems to not stay on their lot more than 30 days ("magic number"?) while a car they take in trade typically won't stay much longer. The costs associated with going to auction to both buy AND sell must help them write down the value to sell it to the next dealership to give it a try...