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Uncle Joe's Make Over Diary

joe.pistell

Uncle Joe
Apr 7, 2009
3,988
1,511
113
First Name
Joe
Wow,
This diary is filled with some cool sh*t. @reverson I'd love you to REV up yours ;-)

Uncle Joe's Coffee Thoughts:
Manheim UV Index has exploded to crazy new highs.

I created a chart that tracks the PRICE CHANGES of buying a hypothetical 2yr old, low mile car at wholesale for $15,000 with the intent to sell it for 18-$20k for a $2,500 gross (after all related expenses). In May 2017, the Used Car Market took off to new highs pushing the relative cost of that same 2yr old, low mile used car from $15k to $16,500 to $17,000. Either the dealer charges more, or, the $15,000 buy is less car than it was just 18 months ago (e.g. higher miles, lower trim, etc).

upload_2019-3-20_19-19-9.png
Add to this rising interest rates and we've got a soft marketplace and some dealer margin compression goin' on.
 

jon.berna

D.R. Truth
Nov 14, 2011
135
155
43
First Name
Jon
Today we started a very comprehensive analysis on vehicle price change data versus leads, vdps and all of the vehicle data. Database has the nightly change data on ~700k vehicles. I was thinking to also join it to the sales data like term, payment etc. this pushed me over the edge.

I think I already know what it's going to say...
 

joe.pistell

Uncle Joe
Apr 7, 2009
3,988
1,511
113
First Name
Joe
I am extremely pleased to announce that I've joined Cars.com as Head of Marketplace. The team and the culture here at #TeamVetter won me over, plus, I keep getting giddy over the upside that awaits!!

Let the good times roll!
 

joe.pistell

Uncle Joe
Apr 7, 2009
3,988
1,511
113
First Name
Joe
Is your store a subscriber of eLeads CRM AND a Cars.com? If that is you, I'd love your help. Direct Message me here and lets talk.