Confessions of a car salesman
edmunds.com
edmunds.com
"You've never sold cars before. Is that right?"
"Right."
"Why do you want to work here?"
My first inclination was to say, hey, I'm a car freak. Always have been. I could explain cars, how they work, get people excited about the performance and the different features. But then I remembered my editor's advice.
I smiled at Dave, trying to convey the feeling that the answer was obvious.
"I want to make a lot of money," I said.
The effect on Dave was amazing. He smiled and relaxed, as if I had said the password to enter an exclusive club. If this had been a cartoon, dollar signs would have appeared in his eyes accompanied by a loud "Cha-ching!"
http://www.edmunds.com/advice/buying/articles/42962/page003....
It's a really interesting insight into how one experienced side in a negotiation can frame things to their advantage.
The salesman wants you to treat walking away like a nuclear option, but it's the biggest lever you have.
While, like the author, I can feel some sympathy for the individual salespeople, the industry as a whole is just awful and I can't wait to see it die. It's coasting on pure momentum now but the minute people can reliably buy a car elsewhere, like they would buy any other major item, sayonara dealers.
I just wish I could go to the Car Shop and buy a car the same way I go to a department store and buy a TV. I can look at all the models from all the different brands. They all have a sticker on them with the best price. I choose one, pay for it, and leave. That's all I want! The dealer system adds no value for me at all - in fact it makes the whole experience worse, and then rips you off in the bargain. I just can't stand them.
FYI: repeats over a year are fine. Often shorter is ok, but don't push it.
Costco is already moving into this space cooperating with local dealers to manage inventory and service. The number of dealers will collapse to the organizations that create an internet buzz around fixed and fair pricing and solid service.
Expect Amazon to move towards this highly leveraged model to connect buyers with inventory.
http://www.econtalk.org/archives/2009/06/munger_on_franc.htm...
or this one with a sales manager and a professor of economics after the prof had a bad experience buying a new car
http://www.econtalk.org/archives/2008/06/cole_on_the_mar.htm...
You don't sound like you wanted to buy a car as much as purchase an investment ... estate agents sell both homes and investments (and home-investments), that's why they tailor deals in different ways.
in a sense yes. however I would like to add my placement on value for certain features are unique to me. I wanted them to at least try to give me some offers. Say well we have this for that. but refuse to say any thing on what they were sell. with a real-estate agents they realize ever customer values to many things at different levels. ie a young family values location to schools. A competent builder might not place much as much importance on newness... this is what I wanted a salesperson for the value they add to me is finding me a product I could be happy with. instead he immediately tried to "find my price" but I had no price for the classification as wide as vehicle.
in they end I ended up getting an used SUV. something I never thought I'd do having a small car for years. with out going into details certain aspects of my life valued 4x4 vehicle and until now with the over supply of used SUVs I never considered owning one.