Machinery dealers need to grow some balls.

[smcapstick]

If that's the case then all dealers need to stop telling their customers, the brand they are selling is worth more when the time comes to trade!

How is that related to what I said?

 

[D14]

How is that related to what I said?

Because you said if a trade in is worth £1000, the dealer is right offering £500-£750.

I'm sure on the initial sale the dealer would be saying that the trade in would be worth £1000 in the future assuming it's in good order.

You also said the trade is with risk. Which is correct of course but again on the initial purchase the dealer would of been saying that his brand reduces the risk of residual values.

The dealers along with manufacturers have got themselves in a mess now and as the EU collapses many of them will go to the wall. The safest dealers are the ones who owe the manufacturers big money because they will have to be propped up.

 

[smcapstick]

Because you said if a trade in is worth £1000, the dealer is right offering £500-£750.

I'm sure on the initial sale the dealer would be saying that the trade in would be worth £1000 in the future assuming it's in good order.

You also said the trade is with risk. Which is correct of course but again on the initial purchase the dealer would of been saying that his brand reduces the risk of residual values.

The dealers along with manufacturers have got themselves in a mess now and as the EU collapses many of them will go to the wall. The safest dealers are the ones who owe the manufacturers big money because they will have to be propped up.

That is unrelated to your comment.

If you buy a new Amarok or Navara, it's resale value will be higher than a Great Wall Steed in three years. Same goes for a Fendt or John Deere when compared to a Foton.

In any case, premium brand or budget, a trade-in is not worth market value when it is being used in place of actual money for the very reasons I pointed out.

 

[D14]

That is unrelated to your comment.

If you buy a new Amarok or Navara, it's resale value will be higher than a Great Wall Steed in three years. Same goes for a Fendt or John Deere when compared to a Foton.

In any case, premium brand or budget, a trade-in is not worth market value when it is being used in place of actual money for the very reasons I pointed out.

I disagree.

 

[smcapstick]

I disagree.

The world is flat, too, eh?

 

[D14]

The world is flat, too, eh?

No but maybe to you.

 

[green giant]

We def buy at Retail & sell with no Set price & thats a fact.

I find that very hard to believe,

 

[Sid]

If the dealers and brands wish to carry on with the flash showrooms , excess staff and over priced used goods that they have had 12 months to sort then what sort of a wake up call do they need?

 

[ARW]

If the dealers and brands wish to carry on with the flash showrooms , excess staff and over priced used g

They will just hike up the price for parts from 100% mark up to 200% mark up to survive

 

[Hilly]

They will just hike up the price for parts from 100% mark up to 200% mark up to survive

It feels like thay already over 200%

 

[Swiss Toni]

I'm amazed how a dealer like Ripon can have a yard of trade in machinery, some of it seems to have been there for years, its not surprising in current times they don't want more cash tied up. Knowing @snipe he probably wants the same money back that he paid for new

 

[tweedale terrier]

Let's be honest nobody makes a fortune in the agricultural industry. The Alan Sugar's and Richard Branson's of the world didn't milk cows,sell tractors or shear sheep. There is however a genuine passion to do these jobs and we all need to support each other in order to survive.

 

[Hilly]

Let's be honest nobody makes a fortune in the agricultural industry. The Alan Sugar's and Richard Branson's of the world didn't milk cows,sell tractors or shear sheep. There is however a genuine passion to do these jobs and we all need to support each other in order to survive.

Funny that aint it, lets face it without amstrad we dont die, without music we dont die, without food we do die, whole thing is cockeyed.

 

[ARW]

Let's be honest nobody makes a fortune in the agricultural industry. The Alan Sugar's and Richard Branson's of the world didn't milk cows,sell tractors or shear sheep. There is however a genuine passion to do these jobs and we all need to support each other in order to survive.

Speak for yourself I made a clean profit of £10 last week

 

[tweedale terrier]

I

Speak for yourself I made a clean profit of £10 last week

I'm not sure how big a yaught that gets you nowadays but good luck

 

[marco]

i dont understand why these dealers dont sell off some of their secondhand gear at cheffins etc. they could take 3 or 4 k less for a decent tractor because they dont have to provide warrenty etc.

 

[tweedale terrier]

i dont understand why these dealers dont sell off some of their secondhand gear at cheffins etc. they could take 3 or 4 k less for a decent tractor because they dont have to provide warrenty etc.

Most dealers will have been paying too much for trade ins over the last few years to get deals. Mainly due to the high cost of new kit. So if you have say ten tractors and lose 3-5k on each at auction then the commission Yo are not long in accumulating a big loss.

 

[smcapstick]

i dont understand why these dealers dont sell off some of their secondhand gear at cheffins etc. they could take 3 or 4 k less for a decent tractor because they dont have to provide warrenty etc.

Holding out for a profit or at least a break-even rather than a crushing loss.

Selling trade stock at less than cost is also serious bad news for a retailer's credit score. More so than other industries, too, before you all shout. The business is purely to buy at a price and sell for profit - if stock goes out for less, you clearly cannot do your job and bank confidence plummets.

 

[marco]

Holding out for a profit or at least a break-even rather than a crushing loss.

Selling trade stock at less than cost is also serious bad news for a retailer's credit score. More so than other industries, too, before you all shout. The business is purely to buy at a price and sell for profit - if stock goes out for less, you clearly cannot do your job and bank confidence plummets.

could they not put the reserve at what its worth on their books not retail. so if it sells they will have freed up cash you go after the next deal

 

[tweedale terrier]

I would doubt any dealer will be making 3-4K on a new tractor never mind having a margin like that in a second hand piece of kit.