Price Crash on auto trader

[Ice_Coffee]

ice'coffee ... I went to see the muggy blue cab dropped from 29.9 to 26.9

The reason its dropped its cos its aging ... Car dealers in the main get vehicle funding for 90days, but most efficient operators will have a policy to get shot or reduce at 60days ... Couple in a book drop, winter and wk before Xmas ... That equals 3k drop

The car is nice ... Got brand new pads and discs up front, DRC problem sorted, refurbed wheels and straight paint

But is on some budget kumo tyres

the worst bit is the condition of the front leather, very worn and in fact the leather on the bolster on the drivers seat has come full away from the frame!!!!

Demo+1owner.

Full service done few months ago inc plugs ... But was a non audi garage! So quite how its got through to audi approved I don't know

Anyhow, offered them 26dead ... He said they can't move a penny

We'll see after its still sitting there at new year!

Thanks for the info

[Ice_Coffee]

ice'coffee ... I went to see the muggy blue cab dropped from 29.9 to 26.9

The reason its dropped its cos its aging ... Car dealers in the main get vehicle funding for 90days, but most efficient operators will have a policy to get shot or reduce at 60days ... Couple in a book drop, winter and wk before Xmas ... That equals 3k drop

The car is nice ... Got brand new pads and discs up front, DRC problem sorted, refurbed wheels and straight paint

But is on some budget kumo tyres

the worst bit is the condition of the front leather, very worn and in fact the leather on the bolster on the drivers seat has come full away from the frame!!!!

Demo+1owner.

Full service done few months ago inc plugs ... But was a non audi garage! So quite how its got through to audi approved I don't know

Anyhow, offered them 26dead ... He said they can't move a penny

We'll see after its still sitting there at new year!

Thanks for the info

[parlee-king]

I'm after a cab

that says it all ....who is looking for a cab with snow predicted for teh next fe months.

last year I was looking at 997s at Porsche dealers and they all jumped up in price by around £2k in march when the weather picked up

[MartinG]

Another factor for the trade sellers could be Financial Year End. Many businesses run to a 31 Dec FYE (31 Mar is another popular one). Always good to maximise sales and minimise money tied up in inventory on the year end date, in order to keep the accounts looking as healthy as possible and the bank manager happy(ish)! Also I suspect a tight month for cash flow as not many end up 'under the Christmas tree'... the bills will still be coming in though! For some shifting one of these will equal shifting several cheaper stock cars.

Boss to salesman: "get the three highest value cars off the forecourt or you can can cancel Christmas!"

BTW I once worked for a division of a large company that sold half of it's inventory a day or so before the FYE and bought it back again a day or two after the FYE. Happened every year... until a clever auditor found out! Resulted in an 'early retirement' for the divisional director.

[Ice_Coffee]

And so it should have, it is tantamount to cooking the books

[P_G]

And is common business practice.

[Steve_C]

PLCs will often push to sell before the year end if they are short of their budget (and salesmen if they are short of their commission targets). Private companies sometimes prefer to delay the sales until the new financial year as it defers the tax on the profit by 12 months.

[MB2]

I can see it makes the bank blance look a bit better but surely stock + bank balance is the same number just one is a bit more & one a bit less so can't really make much difference to the year's accounts ?

[Steve_C]

Selling a car will change stock into cash (as you say) but it should also realise the latent profit assuming the car is sold for more than its stock value. Hence if you make a profit of £3k on a sale you are changing stock of £30k into cash of £33k. This £3k profit is what strengthens the balance sheet (and improves liquidity).

[MB2]

Selling a car will change stock into cash (as you say) but it should also realise the latent profit assuming the car is sold for more than its stock value. Hence if you make a profit of £3k on a sale you are changing stock of £30k into cash of £33k. This £3k profit is what strengthens the balance sheet (and improves liquidity).

Of course, had forgotten that the profit element becomes cash !

[RS-4-Me]

Blimey and I thought this was a forum about motors! Seems to be some kind of VAT shindig thesedays.

Have just noticed though that Watford Audi have dropped a further £1k off the price of the Daytona Avant they've had for a while. It's now at £32,450. Could've sworn it was advertised at £34,450 a few weeks back but was definately at £33,450 earlier this week.

[neckarsulm]

Have just noticed though that Watford Audi have dropped a further £1k off the price of the Daytona Avant they've had for a while. It's now at £32,450. Could've sworn it was advertised at £34,450 a few weeks back but was definately at £33,450 earlier this week.

optimistic to start off with, now realistic (ish)!

[andre3k]

Have just noticed though that Watford Audi have dropped a further £1k off the price of the Daytona Avant they've had for a while. It's now at £32,450. Could've sworn it was advertised at £34,450 a few weeks back but was definately at £33,450 earlier this week.

optimistic to start off with, now realistic (ish)!

Ive noticed this too.

I still think it's overpriced. Im not at all sure why that car warrants that price tag, is it just because it's a 57?

[victor2vt]

Cars are just like houses, you always start at the top then, if you have to, negotiate down in price as little as you can to get it sold