Calling Honest John

How much do dealers make on used cars?

9 messages
18/06/2012 at 20:57
Does anyone know by how much second hand car dealers mark up their motors? On a 5k car, for instance, how much profit is in it for them?
18/06/2012 at 21:00

Don't tell me........you're trading in the focus for a Quattro 

18/06/2012 at 21:14

Thirty years back I was doing a job by a used car dealer when a couple of lads rolled up in an American vehicle. They needed cash for it quick and sold it to the guy for £250. The dealer; sheepskin coat etc, just left the car where it was parked, wandered over and declared that 'it won't take long to shift that one'. Half an hour later someone bought it. For £600!

Dark Vader    pirate
18/06/2012 at 22:28
Mr Puffy wrote (see)
Does anyone know by how much second hand car dealers mark up their motors? On a 5k car, for instance, how much profit is in it for them?

I suppose it will vary, but on a trade-in, I think its about a 25% mark-up..


 

19/06/2012 at 07:40

Agree with DV - depends on brand, age and quality of the vehicle. Normally it's around 20-25% but if they can push the price down to give you - i've seen 45% profit before. Just make sure that your realise the worth of your car.

LIVERBIRD    pirate
19/06/2012 at 12:23

I knew a guy who wouldn't buy ANYTHING he couldn't make a clear grand on.

Surely if you get a Parkers guide you can see what the trade and private difference is?

19/06/2012 at 12:57

A few years ago I traded in a Honda Accord Aerodeck for £1300 - he went on the forecourt at £2,300

20/06/2012 at 10:00

If you want an accurate trade/private sale comparision you need an HPI check - they give you CAP & GLAS quotes (for trade prices) which are typically 2k less than you'd get for a private sale (not all the time, but on average). I'm not employed by HPI anymore but I do recommend an HPI check if buying a used car - some of the horror stories we head from customers was enough to never make me want to buy a car again!

Blisters    pirate
21/06/2012 at 20:15

Well done on the Mod for cazzing the spam.

(Last poster's identity gave it away, and I don't mean you M-Duck)

In response, it's about 2K. Which means that an individual trader is looking to clear 10 grand a week in good times. That's profit before tax.


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