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Who else is working on this crappy Sat.

  • Thread starter Thread starter EarthRider
  • Start date Start date
E

EarthRider

Guest
It's rainy and cold today. I have 6 hours of work today, so I don't mind because the weather sucks anyway. I was going to have to take care of this stuff on Monday, but now I will have off. Later and k to those who post up in thread.
 
Yep working long 8 hour today in sales... Sucks... Someone save me!? But, on the upside, had s great cheeky arms session this morning before work.

So not all bad...
 
Don't have to work at the job today, but I am tearing out an ten old fence post to replace the 4x4's. Should be lots of fun because the previous home owner used 2 bags of concrete per post!!!
 
I've been working since 9am even though its 86 and sunny out. It's my own fault though for not finishing some stuff earlier this week.

At least at 2 I get to go to an adorable little 1 year old's birthday party. :arty:
 
miplank said:
I do finance, but yeah...
Click to expand...

F&I?? very nice...today, i'm actually working on a valuation (divorce engagement) of a used car dealer...2 owners...3 lots...annual sales $10 to $13 million.

how do you feel about the industry over the next 12, 24, 36 months???
 
digimon7068 said:
F&I?? very nice...today, i'm actually working on a valuation (divorce engagement) of a used car dealer...2 owners...3 lots...annual sales $10 to $13 million.

how do you feel about the industry over the next 12, 24, 36 months???
Click to expand...

yes, F&I...for now with a 50% ownership to happen within the next 5 years.


It's tough to say, but so far YTD things are looking up, way up. I can't say that everything is 100% back to normal as of yet, but banks are loosening up and the buyers are too.

The hardest thing right now is getting inventory. :(
 
miplank said:
yes, F&I...for now with a 50% ownership to happen within the next 5 years.


It's tough to say, but so far YTD things are looking up, way up. I can't say that everything is 100% back to normal as of yet, but banks are loosening up and the buyers are too.

The hardest thing right now is getting inventory. :(
Click to expand...

yes! and, it seems this is likely to be an on-going issue for a number of years (between cash-for-clunkers, decreased production and people driving their cars longer, the avaiable pool of used cars took a big-time beating)...if not, a permanent change in the industry...however, during the downturn, 10 to 15% of your competition disappeared and, the barriers to entry into the industry got higher, particularly with regard to obtaining enough floor-plan financing...the survivors are selling less cars (because the pool isn't there) but, to certain extent, they are able to command higher prices, especially for pickups and suv's.
 
digimon7068 said:
yes! and, it seems this is likely to be an on-going issue for a number of years (between cash-for-clunkers, decreased production and people driving their cars longer, the avaiable pool of used cars took a big-time beating)...if not, a permanent change in the industry...however, during the downturn, 10 to 15% of your competition disappeared and, the barriers to entry into the industry got higher, particularly with regard to obtaining enough floor-plan financing...the survivors are selling less cars (because the pool isn't there) but, to certain extent, they are able to command higher prices, especially for pickups and suv's.
Click to expand...


yeah...I'm buying less and less from the auction and more from private party now. That and dealer to dealer trades.

I really don't have an issue with floor plans, because the majority of my inventory is owned outright with 30-40% being floored.

Commanding higher prices is still a slippery slope...You can only charge so much because banks are only going to loan so much. Good news is Nada are making running adjustments and we're actually seeing inventory increase in value month to month which is unheard of on a depreciating asset.
 
miplank said:
yeah...I'm buying less and less from the auction and more from private party now. That and dealer to dealer trades.

I really don't have an issue with floor plans, because the majority of my inventory is owned outright with 30-40% being floored.

Commanding higher prices is still a slippery slope...You can only charge so much because banks are only going to loan so much. Good news is Nada are making running adjustments and we're actually seeing inventory increase in value month to month which is unheard of on a depreciating asset.
Click to expand...

this will be a REAL NICE benefit come april 15th, for those that are using LIFO inventory methodology for income tax purposes :)

used car LIFO, artificially (and legally) inflates your cost of goods sold, thus decreasing gross profit and net income :nerd:
 
AFeedz said:
I've been working since 9am even though its 86 and sunny out. It's my own fault though for not finishing some stuff earlier this week.

At least at 2 I get to go to an adorable little 1 year old's birthday party. :arty:
Click to expand...
You're robbing the cradle.
 
AFeedz said:
I've been working since 9am even though its 86 and sunny out. It's my own fault though for not finishing some stuff earlier this week.

At least at 2 I get to go to an adorable little 1 year old's birthday party. :arty:
Click to expand...


don't forget you ruined my saturday....
 
You know...I watched taht video and couldn't help but think if those bliques would've just taken care of their shit they'd have had a decent neighborhood.
 
all right, I hit everyone. I just got done, wasn't so bad. I would have had to do all this on Monday, so it was a give or take. Have a great sat. Enjoy the fight tonight.
 
I worked a ten out shift today. I put in damn near 60 hours this week.

Ballin!!!!

Middle class style
 
lol, I am working. But I will be riding in a big ass hay chopper, so it will be fun. Not too long though, just a few hours
 
lol, no the preservative we sell, I have to make sure our clients are putting it on right
 
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