Some cars appear to be worth more at wholesale than retail

June 30, 2009

Dale – looks like used cars are worth more wholesale than retail. Example – we had an 08 Sebring convertible priced at $16,900 – #1 in vAuto, it brings $17,900 and an 06 330M, we had $16,200 in it, and it brings $19,500 at auction. It is definitely a silly season. It reminds me of musical chairs. A dealer better not be holding inventory at today’s prices when the music stops.