I have mentioned this in another thread. These dealerships and resellers are playing a big game of chicken right now. The longer they wait to wholesale their inventory, the more risk they are taking on. My opinion they are going to end up on the losing end. They all paid sky high prices for their current inventory and values continue to plummet. Ask for a trade-in quote from these dealers, you will see what they really think used car values are at. It isn’t anywhere near what they have their used inventory priced at.
|