InvestorsHub Logo
Followers 38
Posts 4355
Boards Moderated 0
Alias Born 10/18/2014

Re: JL Tan post# 102152

Tuesday, 07/26/2016 10:16:42 PM

Tuesday, July 26, 2016 10:16:42 PM

Post# of 179937
POTN - John Lee, thank you for the information. However, I have one major problem with what they told you.
If all sales are online now......with a warehouse instead of a dealership........WHY DON'T THE VEHICLES LISTED ON THEIR WEBSITE CHANGE????????????
If they are making sales (I compute at least 7 cars per day to get to $5.5 million)......why don't the vehicles listed on the previous day as "SPECIALS" get moved? They don't have a little "Sold" sign next to them on the net or anything.
If everything is online, the website should be in constant change.
I think this thing is going south.

$5,500,000 / 312 days per year (closed Sundays) = $17,628 sales per day.
Assume average price of sale = $2,500, you get 7 cars per day.
(not sure if $5.5 million is for an entire 12 months and I'm too lazy to look it up).

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.