the new 3K standard for everybody

Started Sep 13, 2008 | Discussions thread
cityphotographer
Senior MemberPosts: 2,510
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Re: The auto dealer example is no good ...
In reply to jelani newton, Sep 18, 2008

jelani newton wrote:

Ken Phillips wrote:

... as there is nearly always a "reserve", a percentage of cost of
the vehicle, that is returned to the dealer after the sale. It's only
a few percent, but a few percent of $30K USD ain't so bad.
KP
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maybe, I was never a GM, but the only time I remember our dealership
getting a reserve was if the buyer was from a nationwide sponsored
cooperate program, my job has one because we yet Nissans, Toyotas,
GMC, and Ford vehicles in our fleets which cover the entire US and
Canada. Anyway, I digress, it's still a good metaphor to show a
principle, no example using different things will ever be perfect,
and it is up to the people who hear/read it have the willingness to
understand it, we've all got the ability...

-- hide signature --

sorry to interrupt but I believe that the example is somehow misleading.

now if we consider instead two dealers (of cars) in competition that's what can happen:

the dealer no.1 accepting a total loss for (say) a certain number of months just enough to kill or push the competitor dealer no.2 (covering the same area) out of business and get the share of his business.

now it matches a lil better the situation we're having here

there is no "elegance" in buzinesss, I guess

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