Re: Ryan Nodes Flip is one thing you cant blame on remarketing. This is why there is no flip: We make money by sitting tight ----> We pull cars to sell them so that we can make money on the backend (flip) and make money from sitting tight ----> The used car market sucks right now along with every other market (recession much?) ----> However we still need to pull cars, so they pull the cars that will make the most money at the current time and that we forecast to depreciate the most within the next few months ----> Cars get pulled to sit tight, but since the used car market sucks, the cars are sold at a loss just to get rid of them. So instead of making good coin on flipping cars, we are stuck with making little profit if any, and poor rental people are left with no flip.......in a nutshell |