They are selling lots of stock because stupid people are trying to time the fibrillation before the high frequency sellers quit manipulating (which sometimes goes for years if they don’t get put to bed)
I don’t really feel sorry for any of “those guys” that loose their gamble off splitting pennies. If I could ban high frequency trading I would.
Quote:
Originally Posted by JSH
|
They are priced more competitively on newer stuff/more expensive/luxury
but still if I have to travel to get the hertz car
I might as well save a couple thousand for the same (or $5000 for the same but a RWD instead of AWD)
https://www.cars.com/vehicledetail/d...2857/overview/
In the current market they might be below the stated market rate slightly but...
I would also argue the market price (like NADA lists)
right now is much more volitile than normal.
They certainly are at best priced similar to how other other value/volume retailers are currently priced.
The fact 6 months ago I could have a place buy my car for more than outright amounts and now they say it’s worth less than half and won’t take it anyway tells me the black book has fell off a cliff,
Meaning the deal must be MUCH lower coupled with the ability to negotiate for any movement.