Two words for that sleazy dealer: RESERVE PRICE How stupid does one have to be to not list a reserve price? It's one of the most basic concepts of an
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08-10-2011, 10:58 AM | #16 (permalink) |
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Two words for that sleazy dealer: RESERVE PRICE
How stupid does one have to be to not list a reserve price? It's one of the most basic concepts of an auction. It says, "minimally, I'll accept X dollars for my item." All they had to do was list a reserve price, and then decide at the end of the auction whether they'd accept a low-ball offer or move on. It's not like auctions are a novel concept or anything. I'm glad they caved to the pressure, but they should have just given dude the car from the word go. And if this happened to a member of this forum, we'd react the same. We'd light up the dealership and every auto mag in town. |
08-10-2011, 01:45 PM | #17 (permalink) |
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Well being as they only have 1 feedback they were apparently new to ebay and had no idea what they were doing, and thought they can refuse to sell the car if they sold it local for a better price. Scumbag dealers.
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08-10-2011, 03:37 PM | #18 (permalink) |
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Yeah, but car dealers go to auction all the time. Where do you think used cars go if they don't sell? The concept of going to auction and setting a reserve price should not be new to them.
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08-10-2011, 07:01 PM | #19 (permalink) |
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Similar thing happened a couple of years ago on a BMW M5 a guy won.
I won't say the dealer "honored" the price. Like in this case he finally caved. If I remember correctly, the dealer took a HUGE hit on that one. Somewhere between 10 and 20K I think. I think a lot of times, dealers put younger guys who are "web savvy" in charge of their internet sales who aren't auction and sales savvy. |
08-10-2011, 07:13 PM | #20 (permalink) | |
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08-11-2011, 11:12 PM | #21 (permalink) |
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It's quite unfortunate that people will lose their jobs over this, and legal action may come about; all for a minuscule fraction of a percent of the dealership's monthly numbers. Sometimes makes me wonder how General Managers can be paid so much and then make decisions like this.
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08-11-2011, 11:27 PM | #22 (permalink) | |
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The same thing happened. Internet uproar... BBB... ebay gets pissed.... Dealer finally has to sell the car for that price plus they lose a lot of future business in the process. |
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