Comments on: What the best of the best do when they make a mistake http://staging.dalepollak.com/2009/11/12/mistake/ Used Car Market - A Guide for Success Tue, 31 Jan 2012 22:33:02 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: dpollak http://staging.dalepollak.com/2009/11/12/mistake/comment-page-1/#comment-12186 dpollak Fri, 13 Nov 2009 18:50:08 +0000 http://www.dalepollak.com/?p=463#comment-12186 Craig - thank you so much! Dale Craig – thank you so much! Dale

]]> By: Craig Belowski http://staging.dalepollak.com/2009/11/12/mistake/comment-page-1/#comment-12173 Craig Belowski Fri, 13 Nov 2009 03:33:24 +0000 http://www.dalepollak.com/?p=463#comment-12173 Dale, I know that what John and Roy are experiencing is the enlightenment that vAuto provides during the shift in the market we all know comes this time of year. I know some claim you had it wrong last year around this time when you urged us all to pay attention to the slide in retail demand and take advantage of the deals provided by those that didn't...... We made moves all winter and retailed cars all winter at a pace most are jealous of. I have made more price moves this month so far than in a typical full month to try to stay on the front side of the wave, thank you. I hope all the armchair quarterbacks from last year are stocking up on cars and asking to much so they will have enough inventory this spring when it tightens back up. Our inventory has crept up in numbers some....however we continue to buy at today's dollar as we reduce the pricing on the older or units with less demand. Will my vAuto graph look as strong as it did through the summer over the next 2 months? No, but our inventory will remain turning faster than those around us so long as we stay on top of our game plan. As a final bit of wisdom to John and Ray....remember as well read as this blog is there are always those around you without the knowledge or tools to thrive during the winter downturn. Keep it moving and do your best to buy and sell in today's market we're all gonna be alright. Craig Dale,
I know that what John and Roy are experiencing is the enlightenment that vAuto provides during the shift in the market we all know comes this time of year. I know some claim you had it wrong last year around this time when you urged us all to pay attention to the slide in retail demand and take advantage of the deals provided by those that didn’t……

We made moves all winter and retailed cars all winter at a pace most are jealous of. I have made more price moves this month so far than in a typical full month to try to stay on the front side of the wave, thank you. I hope all the armchair quarterbacks from last year are stocking up on cars and asking to much so they will have enough inventory this spring when it tightens back up.

Our inventory has crept up in numbers some….however we continue to buy at today’s dollar as we reduce the pricing on the older or units with less demand. Will my vAuto graph look as strong as it did through the summer over the next 2 months? No, but our inventory will remain turning faster than those around us so long as we stay on top of our game plan.

As a final bit of wisdom to John and Ray….remember as well read as this blog is there are always those around you without the knowledge or tools to thrive during the winter downturn. Keep it moving and do your best to buy and sell in today’s market we’re all gonna be alright.
Craig

]]> By: dpollak http://staging.dalepollak.com/2009/11/12/mistake/comment-page-1/#comment-12166 dpollak Thu, 12 Nov 2009 21:19:17 +0000 http://www.dalepollak.com/?p=463#comment-12166 Roy, As I told John, mistakes happen, and quite frankly if you're not making any then you aren't really trying to do better. The key for velocity dealers is how quickly you can spot the trends and react. Your questions about the ability to predict the future is an interesting one. I am obviously in the system every day looking at the data, and I can definitely spot the trends sooner than most. I’m also probably a bit more objective than I would be if I had the financial investment on the line and the emotion of the daily routine. To this extent, I think that any dealer would be more attuned to the movement of the market if they spent more time looking at the data unemotionally. One of my objectives in writing this blog is to create a forum to exchange information including observations about the movement of the market. Ironically, I've refrained from stating my observations too firmly because I got it wrong this time last year, and I'm reminded of it all too often. I'll try and do a better job by encouraging others like you on the front line to share their market projections. Perhaps then we can all get it wrong together (just kidding). Dale Roy,

As I told John, mistakes happen, and quite frankly if you’re not making any then you aren’t really trying to do better. The key for velocity dealers is how quickly you can spot the trends and react. Your questions about the ability to predict the future is an interesting one.

I am obviously in the system every day looking at the data, and I can definitely spot the trends sooner than most. I’m also probably a bit more objective than I would be if I had the financial investment on the line and the emotion of the daily routine. To this extent, I think that any dealer would be more attuned to the movement of the market if they spent more time looking at the data unemotionally.

One of my objectives in writing this blog is to create a forum to exchange information including observations about the movement of the market. Ironically, I’ve refrained from stating my observations too firmly because I got it wrong this time last year, and I’m reminded of it all too often. I’ll try and do a better job by encouraging others like you on the front line to share their market projections. Perhaps then we can all get it wrong together (just kidding). Dale

]]> By: Roy Greenblatt http://staging.dalepollak.com/2009/11/12/mistake/comment-page-1/#comment-12163 Roy Greenblatt Thu, 12 Nov 2009 20:04:10 +0000 http://www.dalepollak.com/?p=463#comment-12163 Dale,unfortunately I made the same decision as John did. I thought that not only could we buck the trend, we could increase sales. Big mistake! We are in the process of retailing(mostly) out of my problem. We purchased vehicles with better days supply than what we had, but as the market softens, that days supply goes up. Can V-Auto be used to predict a bubble? Let me know. Thanks, Roy Dale,unfortunately I made the same decision as John did. I thought that not only could we buck the trend, we could increase sales. Big mistake! We are in the process of retailing(mostly) out of my problem. We purchased vehicles with better days supply than what we had, but as the market softens, that days supply goes up. Can V-Auto be used to predict a bubble? Let me know. Thanks, Roy

]]>