Cars Market right now ?
Any body can tell me what is going on with the cars market right now ? I am a guy selling mostly a Salvage cars you know buy from auction and fix them and then sell them with a cheap price I am located in Portland Oregon. I mean I am trying to sell a car and almost no body called me No email nothing and it is a cheap price I have been selling cars for a while this exact time is weird no body interested any body expert tell me what is going on ? Is it because of Clunkers ? when it is going to get better ? please guys help me I need your advice.
Thank you so much.
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I don’t know if this is what you’re looking for or not, but I read this article yesterday and it came immediately to mind upon reading your question.
Memo to Bernanke:
“No Wage Growth; No Recovery”
By Mike Whitney
August 28, 2009
http://www.informationclearinghouse.info/article23378.htm
10% of people don’t have jobs. Many that do are SCARED.
In my area, over half the dealers have closed up and went out of business, the ones that are still open are crying the blues.
You may have to try doing some “toting the note”.
Get a big down payment, let them make payments, stay as a lien holder, keep a key and jack the price up.
You will take some losses and lose some cars. But, if you are smart and diligent, the others will make up for them and you will be able to sell some cars.
When people only have $1000-1500, price isnt the issue, TERMS are. They want a car they can put $1000 down on an most dont know or care if you charge them an extra $1500-2000.