Quote:
Originally Posted by Mark IV
If people think Wall Street is "greasy", the world of big dollar auto auctions is REALLY fast and loose!
Between shills, phantom bids, pressure and all of the other "stuff" that happens, it is no area for the amateur. And the same cars that go from auction to auction with ever increasing sale amounts, to set new benchmark prices before they actually are sold seems to be increasing.
A dirty business at best.
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This has been going in the auto business for years.That's why the car business is ruined...this guys sell the cars to each other and just increase the flooring....Its hard to believe that the finance Companies don't catch on ......or maybe they do !!
