I think it might take a couple of months for car dealers in general to get real with their pricing. I would think by July / August the market will be finding a new lower pricing level.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think it might take a couple of months for car dealers in general to get real with their pricing. I would think by July / August the market will be finding a new lower pricing level.
The smart dealers (like my contact) are getting rid of stock - at above cost if possible.
The others will still try to haggle until the tsunami of ex-rentals hit them.
Heaps of stock (bursting at the seams) at the Mt Wellington/Panmure twin site. Big shipment must have arrived from Japan?
Doubt it as they are sourcing very little from Japan.
Sourcing most stock with in NZ.
Doubt they will have room for all the consignment stock they are being offered.
Expect consignment stock will go from 50% to well over 60%.Maybe even higher in the next few months.70% perhaps.?
Doubt it as they are sourcing very little from Japan.
Sourcing most stock with in NZ.
Doubt they will have room for all the consignment stock they are being offered.
Expect consignment stock will go from 50% to well over 60%.Maybe even higher in the next few months.70% perhaps.?
Should wait for the liquidation sale of ex-rentals and bulk buy to maximise profits.
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Originally Posted by Beagle
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