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One Price Dealers: how do you set prices?

There are two kind of car buyers: those who like to negotiate and deal, and those who don't. The former will almost never go to a one-price store unless he can't find a similar vehicle elsewhere, which is rare.

Why would a good negotiator go to a one-price store, and why would a lousy negotiator go to a hard negotiating car showroom?

One-price dealers lose a good segment of the car-buying public, but maybe they are okay with the less savvy and more profitable non-negotiaters. One dealer refused to deal with me (he was about $800 too high), and the car is still sitting on his lot ten days later. The other dealer lowered his price a few hundred dollars at my request and made the sale.

Interestingly, the dealer who won't negotiate still lowers his asking price about $100 every 7 days or so, so he obviously prices high, and then runs sort of a Dutch Auction until it finally sells.
 
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✨ AI Highlights

One-price dealers discuss practical methods for setting competitive prices, primarily using third-party valuation tools like vAuto and KBB while emphasizing dealer-specific modeling and weekly price adjustments rather than relying on market averages. Key insights include that used car pricing is straightforward with abundant market data, while new car pricing requires balancing competitive rates against OEM allocations and floor plan costs, and that success depends heavily on staff training to sell value rather than discounts. The thread reveals mixed customer reception—younger buyers accept no-haggle pricing while traditional negotiators resist it, though some dealers report strong long-term loyalty and profitability after 20+ years operating this way.

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