Part 9/12:
He explains that, despite perceptions, buying cars at wholesale, cleaning them up, and turning them quickly is not as straightforward as it seems. Market conditions—such as slow customer traffic, financing delays, and high operating costs—make profitability elusive for many small operators.
The Return of Quality Vehicles to Auctions
On a positive note, the dealer highlights a gradual return of higher-quality, newer vehicles to auctions. During recent years, due to disruptions in new car production because of supply chain issues, many franchise dealers kept trade-ins for extended periods, even keeping older, high-mileage vehicles on their lots that traditionally wouldn't belong there.