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Selling a truck

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Curly:
Some of you guys have sold trucks or traded them in recently.  Are the dealers willing to give blue book value for trucks these days or are they really not wanting to take trucks?  Since gas prices keep climbing, I assume it will get harder to sell trucks.

I'm trying to sell my wife's truck so we can get her a more economical vehicle to drive, but I don't want to have to give it away either.  I guess I may have to go ask a dealer what they would give for trade in, but I would feel better going to deal on a vehicle purchase w/ out having a trade to deal with.

popeshawnpaul:
I got private party blue book on my '02 Beetle when I traded it in for my new diesel GMC...

actionshooter:

--- Quote from: popeshawnpaul on June 03, 2008, 06:27:39 PM ---I got private party blue book on my '02 Beetle when I traded it in for my new diesel GMC...

--- End quote ---

 Thats the wrong way   :chuckle:
 I tried to trade my 03 dodge deisel in on a better mileage truck and they lowballed me,  the salesman even apologized telling me they wouldn't be able to sell it.
 I still have my Dodge   

hunterbuilder:
Speaking from experience and from what I know the dealer is only going to give you for your trade-in what they can "net" from selling it wholesale either to a wholesale dealer or directly to an auction. Unless the vehicle is something they can sell on their lot then they may give you a bit more. If you look at NADA guides this would be around trade-in value. It is very dependent on make, model, and miles. I would say most foreign vehicles and good gas mileage vehicles will get near trade-in value at auction with at or below average mile for the year. Domestic vehicles, poor gas mileage vehicles, and any vehicle with above average miles for the year will get slightly below to considerably below trade-in at auction. NADA guides trade-in and Kelly Blue Book private party are usually about the same. Wholesale auction prices are usually below both since the dealer has to factor in transport, detailing, and auction fees. So, right now, don't expect too much from the dealer in regards to pricing of your trade-in truck. A lot of people are looking to do the same thing as you are. I would say best bet is to aggressively price your truck at or slightly above trade-in value and sell it private party. Then buy your next vehicle without worrying about what your getting for your trade-in. Let me know if I can help out any other way. I do have an "in" with a dealer who buys/sells wholesale through auctions/dealers/etc.

jackelope:
here's what i know....here goes nothing...
dealers will not use a kelly blue book or nada book value for trade ins....regardless of what they tell you. they will give what cars/trucks are selling for at the auction 98% of the time. manheim auto auction is the most popular. if it is an off brand, like say you are trading in a chev at a dodge dealer, or a high mile truck that they don't want on their lot.....a lot of the time the used car manager will call his wholesaler buddy and ask what they'd be willing to pay for your trade, then offer a little less than that.
last i heard a little talk the other day that trucks were going for about $6k "back of book" or below book value.
it is not a good time to trade a truck in at all. they are anchored to used car lots right now.
used car trade ins and retail sales are where the dealer makes his money in the sales dept. there is very rarely a big money deal made in selling new cars.

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