I am specifically thinking about late model (‘05) Chrysler products.
They can’t be selling it within 5% of their retail sale price can they?
When purchased at auction, for clarification, how much markup is typically applied to the price paid at auction once it hits the lot.
Originally posted 2008-09-15 14:54:36.
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Did you read your own question before submitting it? If a car (or anything) is bought at auction, the buyer pays the highest bidded price not a set price, so… There is no way of determining before hand what a buyer will pay.
That being said, any dealer that is paying 95% of the selling price for a car will go broke in a matter of minutes. We normally get about double what we pay for a car at auction.