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Speakers Corner


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New Car


morddwyd

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This might be in Consumerwatch, but it's more a discussion than advice.

My local car dealer, a fairly big local franchise, has announced a massive fall in profits last year, just I am about to order a new car.

Now, is this likely to work in my favour, as they will be keen to get all the sales they can, or will it work against me in that they will be keen to wring every last pound of profit from the deal?

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Diemmess

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morddwyd

"Is this likely to work in my favour or not?"
In your favour if he thinks he might lose your custom.
In the extreme case, if his business fails, your deposit will disappear too.

"Is he likely to be more desperate for sales or profit?"
No, but he will be careful to avoid making a loss.

I am currently in the middle of a long lead time for delivery, and have never had a better deal..........so far!

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morddwyd

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SB23

I don't think the dealer is going to the wall any time soon - his profits last year dropped to £50m, so there's a way to go yet!

His turnover was nearly £2.3bn and with that sort of buying power he can offer some very good deals.

I just wondered, as a business, which way the deals might go

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Quickbeam

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"His turnover was nearly £2.3bn" Well that's not a single dealer is it, that's a fairly sizable chain of dealerships that can still trade with a £50 million downturn.

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wiz-king

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If you want a new car that contains a lot of Japanese bits you might have a long wait. Bits are getting scarce.

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spuds

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When we started talking about "My local car dealer, a fairly big local franchise", I thought that that this was local and not a £2.3 billion turnover enterprise. A few £million drop on occasions, would be normal trading procedures. You lose a bit, you gain a bit :O(

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morddwyd

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"that's not a single dealer is it"

Yes it is.

He's just got a lot of showrooms!

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beeuuem

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morddwyd That's a very poor return on the money. But I don't think Arnold will be losing any sleep.

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