AD's backdoor selling to wholesalers and used Dealers

[vizsladog]

I was at a VERY reputable used dealer in my town.

He sells 8-10 rolex watches a week. Guess how he gets them???

Dealers are required to buy a certain amount of watches every year.

They backdoor the overstock to used dealers and wholesalers.

He made a call while i was standing there and could buy right then a few z and m serial subs. They offered him a M sub for $3500.00

I saw 3 m serial subs this week at various used dealers in my town.

all were "new" but have to be sold as used.

Highest priced ss sub was $3900.00

Ad markup is crazy....

[chicagowatchman]

[Eli]

40% off msrp is their cost usually. If they make 15% in wholesale they are good.

[gianton]

Wish I was living in the US!

[mretzloff]

Originally Posted by gianton

Wish I was living in the US!

Seriously...We Americans have nothing to complain about.

I guarantee you that in foreign countries, the market-up is even more.

[082013]

Originally Posted by mretzloff

Seriously...We Americans have nothing to complain about.

I guarantee you that in foreign countries, the market-up is even more.

UK is the same, a watch costs an AD 60% of RRP.

[JimC]

I'm in the wrong part of the country for those kind of deals...

[Art 1]

Originally Posted by vizsladog

I was at a VERY reputable used dealer in my town.

He sells 8-10 rolex watches a week. Guess how he gets them???

Dealers are required to buy a certain amount of watches every year.

They backdoor the overstock to used dealers and wholesalers.

He made a call while i was standing there and could buy right then a few z and m serial subs. They offered him a M sub for $3500.00

I saw 3 m serial subs this week at various used dealers in my town.

all were "new" but have to be sold as used.

Highest priced ss sub was $3900.00

Ad markup is crazy....

Nothing new, that goes for all brands.

[rolex_addict]

$3500 for a sub!! thats an awesome price!

[Chris B]

Originally Posted by rolex_addict

$3500 for a sub!! thats an awesome price!

It certainly is

[daytona1]

Thats one reason why the Daytona is so "rare." They go out the back door before they hit the case. Thats why you can get brand new ones all day long here in Miami.

[delldeaton]

It almost seems to me as I read this that Dealers sell watches for more than it costs them to purchase those exact same watches wholesale from the manufacturer.

[Z-Sub]

Where? where in Florida? I don't see GM dealers making that kind of deal here on TRF or other forums?

[bodybump]

Originally Posted by Z-Sub

Where? where in Florida? I don't see GM dealers making that kind of deal here on TRF or other forums?

Thats what i want to know actually...where in florida??

[boyet]

Originally Posted by bodybump

Thats what i want to know actually...where in florida??

Tha's good news for you "Pareng Oscar", look for that place.... Almost too good to be true, but hey what the heck. Pare GMTII M serial for me

[unclesallie]

well, for starters, join NAWCC and go to their meets, and you will find plenty of watches at wholesale, in face-to-face deals with reputable people.

[Z-Sub]

Originally Posted by unclesallie

well, for starters, join NAWCC and go to their meets, and you will find plenty of watches at wholesale, in face-to-face deals with reputable people.

Actually my buddy gave me a gift membership a couple of months ago and thought it was mostly for vintage watch trades. will look into that. Thanks.

[Felly Jr.]

I really don't want to know what's going on at the AD's back door!

[vizsladog]

lol

[ArizonaHD]

All the AD's have been doing this for years. Rolex maintains margins and does not outlet like other makes, some makes outlet for 10-20% of retail that is why Rolex maintains excellent resale value.

[clenz]

Wouldn't this be very appearant to Rolex by the way the warranties are filed (or not)? I would imagine that they would be able to figure out exactly what was going on and they would frown on that!