 | Home > eBay & Bargain Spots > Twisted selling of ‘un-Twisted’ stock |
 
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| CarMan Member Since: 29 Nov 2010 Location: Cotswolds Posts: 1862  
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And apparently at 2018 2.4  Rob
1993 200tdi 90 hard-top 1998 300tdi 90 soft-top 2016 2.2 XS 90 hard-top (sold) |
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10th Mar 2021 6:04pm |
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| Bucko Member Since: 21 Nov 2016 Location: West Yorkshire Posts: 43  
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I imagine these companies don’t really expect to sell these vehicles at all at those prices, and in the case of twisted, I can’t imagine they really want to sell their new delivery mile vehicles. It’s all just market manipulation, these companies are in the business of charging top dollar for pimped up vehicles. For twisted to continue churning out £175k tarted up vehicles, it’s easier to justify that price if the market is flooded with £100k standard factory fresh examples.
Twisted will pay extremely good prices to buy back their vehicles, this makes them worth more, they can then charge more and it’s all justified. Along the way, they are boosting the values of all defenders which is a good thing if we already own one, not so much if you’re looking to buy one. I viewed a vehicle from a large well known specialist, it was blatantly overpriced and the dealer actually said that “this won’t sell, we don’t really want to sell it”. It’s just an exercise in trying to falsely inflate the prices |
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10th Mar 2021 8:45pm |
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| markb110 Member Since: 22 May 2010 Location: Guildford Posts: 2644 
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The thing about stock holding is that it is either an asset or a liability.
Asset if you are selling and thus rotating your stock A liability if it is just sitting there not earning money, the quality is reducing and technology supersedes it. In the event of a total loss, fire for example, the loss adjusters will look at what was paid for the stock (see Supercats comment) and will then apply a price adjustment down based on the time of purchase. Twisted cant buy a vehicle for £29k and expect the insurance company to pay out £85k. Now if Twisted were looking to sell the business, over valuing the stock certainly makes the companies assets look better, but any accountant worth their salt would see straight through that. Personally i think that it is pure greed but someone will pay it. |
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10th Mar 2021 9:03pm |
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| Pacha Member Since: 23 Feb 2020 Location: North Yorkshire Posts: 772 
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Twisted bought a lot of stock brand new from LR. They keep a steady flow of sales. Rgds.
Chris |
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10th Mar 2021 9:54pm |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018 
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In the case of someone like Twisted, I'd see the purchase of a base vehicle as the purchase of raw materials. Once you make your finished product then it becomes stock. Raw materials can be accounted for in many ways, and it would not be unusual to account for them on a market value basis rather than depreciation model you suggest. They are all under the umbrella of charges against the company, so it would it not be financially incautious if the lending institution were not able to recover assets to at least the value of the loan; and to ensure that any insurance of the vehicles made sure to underwrite at least the value of the loan? |
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11th Mar 2021 9:06am |
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| Supacat Member Since: 16 Oct 2012 Location: West Yorkshire Posts: 11018
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Lawrence Whittaker (@ListerLawrence) Tweeted:
Wow!! £70k for a 2015 Defender! Ok so it’s a heritage edition but these are shooting up and up in value! 📈 @collectingcars_ https://t.co/kt3A3aGUWw https://twitter.com/ListerLawrence/status/...11588?s=20  |
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13th Mar 2021 1:11pm |
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