I will say MMR on most used vehicles these days is going above retail at auction. I have heard stories from customers, one in particular, had a later model Silverado sitting on the lot they could t sell at 26k for some reason. Took it to auction and it sold for 33k. I told him he should take all his used there. Of course if they did they would not be able to replace it. With no inventory what would they do with their sales people?
Sent from my iPhone > On Feb 14, 2021, at 11:56 AM, Dan Penoff via Mercedes <mercedes@okiebenz.com> > wrote: > > Ahh, yes, a nice 1911 is always a good choice. I haven’t looked at the > firearms market of late, but I’ve heard it’s a crazy place, no doubt much > like the car market. > > ML500 went to Haiti. Long story. Suffice to say I made money on the deal. > > I can wait, I’m not under any pressure. I was just caught off guard by the > state of the market. I knew there was demand with the stimulus checks, but I > had no idea how bad it was. I suspect it will get worse before it gets > better, since tax return time is coming as well. > > What I found stunning was that some big, high volume Ford dealers here don’t > have squat, even in new inventory. Kaleb pretty much spelled it out, but > still, I was amazed as these are dealers that have literally hundreds of > vehicles on their lot at any given time. Brandon Ford, one of the highest > volume dealers in the southeast, has almost nothing new or used. > > Guess I’ll stay on the sidelines for now. Not a big deal, the S320 wagon and > SL500 are chugging away doing yeoman’s work without complaint or issues. And > I have no car payments, too. > > -D > > >>> On Feb 14, 2021, at 12:08 PM, Rick Knoble via Mercedes >>> <mercedes@okiebenz.com> wrote: >>> >>> These things don’t seem to last long. I’m truly >amazed that if things are >>> so bad for so many >people why there is such a big market for used >trucks >> >> Sounds like "car fever". I get it. I have "Kimber fever" right now. After a >> year of being told "no", the consumer market is bursting with pent-up demand. >> >> As I responded to Craig's post about a used ML, things are tight in the car >> market. There is a semiconductor shortage, so automakers have had to scale >> back production of new cars and trucks. That makes used trucks more in >> demand. Then there's the promise of some sort of stimulus check (down >> payment at buy here, pay here) and even the prospect of Universal Basic >> Income. It's a bubble, and it will pop. Stay on the sidelines until you find >> your deal. Do you still have the ML? I'd buy a utility trailer for now. It >> seems very few people understand the value of a small 5'*9' trailer. >> >> >> Rick >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
