Thursday, September 27, 2012

Ford Selling Cars To Themselves in Europe -- Obviously a Non-Bakken Story

Wow, this is interesting.

Auto sales are so challenging in Europe, Ford dealers are now buying Ford vehicles -- "self-registration," it's called, and then they turn around and sell them at a huge discount as used vehicles. Something like 30% of "new European vehicles sold" in Europe are apparently being "self-registered" and sold at huge discount as used cars.

I am not aware of this ("self-registration") in the US (except on a very small basis with "legitimate" sales to dealers) but it sounds like something of which I could take advantage if offered.

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