Quote:
Originally Posted by thebmw
Wholesale prices are absolutely relevant. Retail prices are based on wholesale prices. In general, retail prices are 10 to 20% over wholesale prices depending on the car, condition, Market, Etc. I don't agree with you that wholesale prices are irrelevant.
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They're irrelevant for those who don't have wholesale dealer credentials, and wholesale is at least in large measure driven by what the retail market will pay. No dealer bringing in a car for trade will offer a value in excess of what he thinks he can sell it for himself (read: retail street price drives the offer) or can flip it out to auction, and that's again derived by what retail prices command.
My point is that it's not the one-sided equation that you imply.