West Aussie
Well-Known Member
See and this is where it doesn't work here. Dealers are not permitted to sell a car above MSRP new, so people would not buy above MSRP second hand here ….there will be exceptions…real collector models, but thats the same as anything collectable. But in general it doesn't happen. People would be happier to wait 6 moths for a brand new car rather than buy a second hand one for more than new. Again, those that have the money to buy a collectable up front and take the risk, dont need to flip, those who cant afford to flip cant afford to buy a car above stickerJust speaking about the US, car flipping is very common. Of course you have to pick the right car to have any success. Virtually every Porsche GT cars here are bought by people who eventually sell them shortly for a profit. There are only a minority of them that actually drive them for a few years. It does have a huge impact on both the new and used value of these cars. Dealers have no trouble selling them above MSRP and the cars tend not to depreciate in the used market.
I admit it is happening a little more now due to covid….but pre covid it was almost no existent