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Originally Posted by rmay635703
700,000 cars would cut the black book in half or less, right now that’s at parity with the entire pandemic North American market.
AKA If they were charging a legitimate wholesale+ amount to the retail market they would sell, if they dumped into the actual wholesale marketplace values would simply drop off a cliff
Hard place to be in but it is what is it is.
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Why would the company liquidating Hertz cars dump them all at once instead of spreading them out?
As to the Pandemic market - used car sales are higher than last year and inventory is lower.
Quote:
Dealers are now competing to buy vehicles, even as the U.S. economic outlook remains uncertain.
“We actually have an issue now, which is that we don’t have enough inventory,” said George Arison, co-CEO of online used-car seller Shift. Shift’s sales rebounded to pre-COVID-19 levels by late April.
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https://www.reuters.com/article/us-h...-idUSKBN23C1FK
Someone looking to grab a killer deal on a used car due to COVID may have already missed their window.