Posted by kyhayman on August 25, 2010 at 06:33:40 from (75.104.128.54):
In Reply to: Dealer Markup posted by GAC on August 24, 2010 at 20:13:14:
New equipment 20-30 pct, parts 20-50 pct, used equip at least 50 pct up to 100 pct seems to be the very broad rules of thumb I've heard. Most of the variablity be in used stuff and trade ins. A couple of places I deal with I've heard them say on used stuff that they've got to make a thosand bucks on every used item they sale. To figure trade in they take low estimates sale price minus estimated repairs times 2 minus carrying charge for 2 years on the lot, minus 2 years depreciation, minus the 1000 they want to make and thats what they can give on trade in.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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