Quote:
Originally Posted by jsarno
Sound like a car salesman if you ask me.
I know the #1 salesman for the GM dealership out here, AND I know the owner of the dealership, and we have discussed this. I know for a fact that you are incorrect. (at least on GM cars) I have never bought a toyota or honda, but I find it hard to believe that GM cars are that much different from Toyota's and Hondas.
Don't give me that sob story about needing to make a living. Have you, or have you not skrewed people with high prices?
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Wow... its amazing that you have this insight that even third party websites, whose sole purpose is to inform the public of the inner workings of car dealerships, such as edmunds.com, kbb.com, and nada.com don't have access to. Hell I worked in the business on and off for over 5 years and didn't know all of the things you're telling me now....
As far as GM's go, I know there's actually less markup now then there was 3 years ago, because when GM ran a campaign to lower all of their MSRPs on their cars (as some of you will remember) a few years ago after their "employee pricing" thing, there's actually less markup in the GMs.
However, there are times when GM will give factory to dealer incentives (dealer cash) for certain units that do not have to be given directly to customers, and can be either included to make a deal, or are awarded to the dealer as profit...
these vary month to month and per unit and are far more common, and generally far greater values when it comes to domestics.
I think its great you had a conversation one time with a car salesman and now you are an auto industry expert. I was only a consistant top 5 salesman, Toyota Certified Expert, Toyota Truck Champion, and Internet Sales Manager for a few years. I saw the books and where money went.
I'll never talk about the secret society I joined and the oaths I took to never enlighten anyone about the inner secrets of the brotherhood, even when I left the business and had no reason not to tell the absolute truth about the things I experienced...
and to answer your question, NO. I never screwed anyone. Not to say that there handn't been instances where someone could've bought a car for less than what they did, but thats in all walks of business. I'm sure someone could pay someone less for what you do, but that doesn't mean you're screwing them...
My manufacturer allowed for 5-15% profit on vehicles from cost to MSRP and I never sold a car for more than MSRP. Compare that to most comsumer products, or even homes and who's screwing who?