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I dont know where you information came from, but I work for a reputable franchise dealer and even our most expensive vehicle $64,000 only has $1950.00 of markup. Dealers need to eat too and $1950.00 split between the sales person, service person (PDI), detailer, lot attendant, title clerk, etc...doesn't go a long ways. And before you say, "those people are on salary, not commission", where do you think there "salary" comes from.
What else can I help you with?
Dealer markup on new cars?
ON HONDA ACCORD EX ABOUT $2200... IF YOUR LOOKING AT TOYOTA ITS 11%
Do larger volume car dealerships sell cars for lower markups than lower volume dealers?
The more units a dealer sells the less markup he can accept and still make a profit. As to if, the dealer sells cars for less markup depends on the dealer. Theoretically they can, but realistically they may not. All depends on the dealer, and the competition in that market area. I would say you should get a better deal at a large dealership, but at least give a smaller dealer a chance at your business. You might be surprised at the price the small dealer will accept. Bottom line is to shop around, and do your research.
What is Dealer mark up on ATV?
Dealer markup on an ATV refers to the difference between the manufacturer's suggested retail price (MSRP) and the price at which the dealer sells the vehicle. This markup can vary based on factors such as demand, dealer pricing strategies, and regional market conditions. It typically covers the dealer's operating costs and profit margin. Buyers should be aware of this markup to negotiate better pricing when purchasing an ATV.
What is the markup percent on a diamond for which the markup is 1162 and the selling price is 3962?
3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%
A used car dealer has a vehicle on the lot whose sticker price says 5999. If the dealer markup on used vehicles is 20 how much did the dealer pay for the car?
To find out how much the dealer paid for the car, we can use the formula for the final price with markup. The formula is: Final Price = Cost + (Markup Percentage × Cost). Here, the final price is $5,999 and the markup is 20%. Let ( C ) be the cost. Thus, ( 5999 = C + 0.20C = 1.20C ). By rearranging, we find ( C = \frac{5999}{1.20} ), which equals approximately $4,999.17. Therefore, the dealer paid about $4,999.17 for the car.
What would be the mark up of value of A used-car dealer has a vehicle on the lot with a sticker price of 5999. if the dealer markup on used vehicles is 20 how much did the dealer pay for the car?
To find the cost the dealer paid for the car, you can use the formula: Cost = Sticker Price / (1 + Markup Percentage). In this case, the sticker price is $5,999 and the markup percentage is 20% (or 0.20). Therefore, the calculation would be: Cost = $5,999 / (1 + 0.20) = $5,999 / 1.20 = $4,999.92. Thus, the dealer paid approximately $4,999.92 for the car.
What is dealer cost or markup on a harely Davidson?
Dealer cost on a Harley-Davidson refers to the price a dealership pays to acquire the motorcycle from the manufacturer, which typically includes the base price, freight, and any additional fees. The markup is the difference between this dealer cost and the retail price at which the motorcycle is sold to customers, reflecting the dealership's profit margin. Markup can vary based on factors like model demand and dealership policies, but it generally ranges from 10% to 20% of the dealer cost.
What is the dealer markup on a Harley Davidson?
Dealer markup on a Harley-Davidson can vary widely depending on factors such as the model, location, and dealership policies. Typically, dealer markups range from 5% to 15% above the manufacturer's suggested retail price (MSRP). In some cases, particularly for limited editions or highly sought-after models, the markup can be significantly higher. It's advisable for buyers to research and negotiate to ensure they get a fair deal.
A new 2008 Honda Accord has a list price of 25 800 Suppose that the dealer markup on this car is 15 What is the dealer's cost?
Here's how to find out. Take the markup percentage (15, in your example) and move the decimal two places to the left. Then write a 1 to the left of the decimal, so you get 1.15...or 1.38, 1.75 or whatever the markup is. Divide the price by that number, and you have it.
How much money does a used car dealer make?
It depends on his markup, sales volume and business expenses.
Where do they sell lamborghini's?
at the dealer or a privatte dealer that has exotic cars
What is an average dealer mark up on single wide mobil home?
The average dealer markup on a single wide mobile home typically ranges from 10% to 20% of the home's cost, depending on the manufacturer, location, and the dealer's pricing strategy. Factors such as demand, market conditions, and additional services offered by the dealer can also influence the markup. It's important for buyers to research and compare prices to ensure they are getting a fair deal.
