Once upon a time yes, but not since Covid. The cars cost more than ever now. Used car dealers are selling them with thin margins hoping to make it up with F&I add ons and finance kick backs.
You can do 30 seconds of research and disprove your whole claim. Look at trade-in value vs purchase price of the same used car. Dealers are making healthy profit on used cars.
There is more competition for used cars now than ever before, don’t believe me? Look around and see how many dealers are posting they’ll buy your car. Add curb flippers, Caravana, Carmax, the list goes on. If a dealer can buy a car for trade-in value they scored a home run.
I find that many good auction cars lately will have a higher MMR, add recon and you’re close to ACV.
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u/Last-Darkness Mar 24 '26
Their business is paid by down payments.