Wednesday, January 18, 2017

1964 DODGE D 100 $1900

Call John at 801-985-1193 or johnfoxcars@hotmail.com Dealer #7210 Located 3 Miles West of Roy I-15, 5600 South Exit at 5548 West 5350 South, Hooper, Utah. www.johnfoxauto.com Check Us Out On Facebook!




Monday, March 28, 2016

2008 FORD FOCUS 85K SES $4995.00

Call John at 801-985-1193 or johnfoxcars@hotmail.com Dealer #7210 Located 3 Miles West of Roy I-15, 5600 South Exit at 5548 West 5350 South, Hooper, Utah. www.johnfoxauto.com Check Us Out On Facebook!



Wednesday, October 6, 2010

Whatever Happened to Penny Cars?

At least once a month I get asked if I have any cars for under $1000? 15 years ago I might have said yes, but nowadays that car is a rare find. Let's break it down.

First off, let's preface this conversation with some facts. When I say $1000 car, I mean one that has no major mechanical problems and can pass a state safety and emission test fairly easily. And gets you from Point A to B and every now and then Point C. Let's say your budget is $1000 (the reason why you want a car in that price range) the tax's and fee's alone are going to be up to 20% of that budget. For instance, a 7% Sales Tax would mean $70 Tax, plus $50 Smog and Safety Test, and $100 in DMV License Fee's. This totals $220 and makes up 22% of your budget.

Now we are talking about a $780 car! Let's say I go to a Salvage Auction because generally the cars there are cheaper due to the title and light damage. All Auctions have what they call a Buyer's Fee, a fee for this bid price would probably range in the $150 zone. This means we are now talking about a $630 car! This is before any of the damage on the car is repaired, remember we are buying cars that have damage, which is the reason we are getting them so cheap.

Much to the dismay of many Liberals, I prefer to be in the business of making a profit! Generally, the risk and time involved demands that I make a minimum profit that rewards my efforts. Therefore, if I am able to buy a reliable vehicle that I can honestly sell to a customer that can use it for at least 1 year under normal wear and tear, I would have to be purchasing it for no more than $300. Because after I fix the vehicle to make it road worthy and beyond, I am barely making a profit worth my time and efforts. We are talking less than $300 folks! I'm not greedy, but even that small of profit margin is slim for anyone's efforts.

Just like their is no such thing as penny candy anymore, I say their is no such thing as "Reliable" $1000 cars anymore. I firmly believe that it takes a minimum of $1500 to get into a reliable car including tax and license fee's. Even these are a rare find!

However, I have found one! I currently have a 1988 Toyota Corolla with 75k Miles in my inventory. It's in great condition considering the year and I have it only priced at $1500! We can talk about the Tax and License Fee's :)

OTIS

Tuesday, June 1, 2010

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Thursday, April 1, 2010

Toyota is Back!

As I explained in a previous post, Toyota owners would not stop buying Toyota's due to the "Major" recall issues and the Fed's pushing the point. Instead, they not only didn't stop buying Toyota's, but they increased the buying by over 35% in March.

So all the skeptics and so called "experts" who spouted off about Toyota not bouncing back from this for at least a year and how huge this would be for Ford, Dodge, and Chevy were flat-out wrong!

(Click on the Blog Post Title for Complete News Story!)

Let me say this one more time, Toyota Owners worship the brand! OTIS

Thursday, February 4, 2010

Government Motors Pushing Toyota Recall?

During my 35 of being in the Auto Industry I have never seen a recall get this much attention with the execption of the Ford Firestone Tire recall. It's all you hear about when you read the paper, watch the news, listen to the radio or hear what's coming out of the politicians's mouths. It makes one wonder who started this fire and who continues to pour gas on it. The comments that Ray Lahood made yesterday telling Toyota drivers to stop driving there vehicles immediately only adds more fuel to this recall conspiracy theory.

Additionally, it's interesting how GM and Chrysler already had ads ready to go once this recall was announced telling Toyota owners they could trade in their recalled Toyota's and get $1,000 extra trade-in incentives plus zero % financing. Was this good timing or a chance to gain marketshare based on previous knowledge or pressure?

The problem with this strategy is that Toyota owners worship this brand. I cannot imagine that very many Camry owners will be lining up to trade-in their cars for a Chevy Malibu. I often purchase Chevy Prizm's because they are built by Toyota for Chevy and are identical to a Toyota Corolla. Yet, trying to convince a Toyota Brand lover to purchase the Prizm over the Corolla is like trying to get a Liberal to vote for a Tax Cut. It's not going to happen. So when I listen to these "so called" experts on TV spouting off about how this is a great opportunity for American Car Companies to gain marketshare, I just laugh out loud to myself. It's not going to happen.

This is just a small blip in the road for the Toyota Brand, which will regain it's place atop the Car Chain again in a matter of months!

Wednesday, June 24, 2009

Auto Market June 2009 Report

Alot has happened in the Auto Industry over the last 6 months, namely due to the bankruptcies of Chrysler and GM. In unprecedented action the Government bailed out both companies using taxpayer money. As part of this agreement Obama decided to give his buddies at UAW a large portion of ownership stakes in the Auto Companies.

I often wonder to myself what William Durant and Walter Chrysler, the original founders GM and Chrysler, are thinking from there graves. Did they ever think that there companies would need the complete assistance of the American Taxpayer to avoid financial ruins? It was frustrating and disturbing to see these American Icons begging for the Federal Government's assistance, I can't imagine what these Men would be thinking if they were here.

Where do we go from here? Do you buy a car from a company that is in effect being ran by Barack Obama? On one hand, GM and Chrysler dealers are unloading cars at unbelievable prices hoping fence sitters decide to buy now, but will these deals be enough to entice consumers to buy cars from a company that is in bankruptcy and whose affairs are being handled by people with no auto experience whatsoever? Or do you find yourself leaning towards a car company that is not in financial ruin?

I could very well be a Used Car "Homer" here and tell you to buy USED and avoid the hassles of new car buying, but I wouldn't be honest with you in what I am seeing for the short-term future of car buying overall.

NEW CAR: If you can afford a new car, I would advise you to look towards Ford in the Domestic Market. This promotion of Ford is somewhat by default, since they are the only Domestic car company that didn't take bailout money. I respect them for deciding to not take taxpayer money and riding out the financial storm on their own. Additionally, they have built some unique concepts of late that have done well in the marketplace.

If you are looking towards the Foreign Market (Please note that most, if not all, foreign automakers build there cars in plants based in AMERICA!) obviously Toyota and Honda have always been there as far as reliability is concerned, but you will pay premium price for them. My top recommendation is Hyundai/Kia. These companies were the first to offer the Assurance Purchase Plan if you lost your job, they still have the best warranties in the market, they are priced the most competively, and they just were ranked #4 in Reliability by JD Power.

USED CAR: I still firmly believe the best deals are to be had in the USED CAR MARKET. With the prices of new cars dropping so drasticly combined with the amount of REPO'S available on the market, it's forcing the price of Used Cars to never before seen low price levels. I am seeing cheaper prices at every auction that I am going to on a weekly basis. In that same sentence I am trying to do everything I can to pass on those LOW prices to my customers. I have priced every one of my vehicles at prices up to 50% off the retail value.

My advice is that if you are paying Kelly Blue or Nada Book value, you are paying way to much. OTIS

Thursday, February 5, 2009

Hyundai and Kia, Recession Proof?

That's what the numbers are showing at least. While Toyota, Honda, GM, Ford, and BMW are all posting losses in early 2009, Kia and Hyundai the Wal-Mart brand of the automotive world are posting huge gains.

Hyundai had the biggest gains with sales up 14% in January, while Kia held there own with sales up 3.5% as well. The most impressive model was the Sonata whose sales were up 85%, dominating the stiff competition of Camry, Accord and Malibu whose sales were down over 30% each.

Hyundai and Kia have the best new and used warranty programs in the business. Furthermore, they just announced there buyback program for 2009, which allows you to return your depreciated vehicle with no questions asked if you lose your job.

Is this the year Hyundai and Kia finally breakthough as a mainstream brand? Not sure, but we have 11 more months to see.

For more information on this article you can go to:

http://www.thetruthaboutcars.com/surprise-hyundai-sales-up-14-percent-kia-up-35-percent/

Friday, December 26, 2008

Top 10 Best Selling Vehicles of 2008

With all the hype over Hybrids and $4 gallon gas in 2008, what would you guess would be the #1 selling vehicle in America? Wrong, not the Prius! Think opposite, exact opposite. Like the Ford F-150, yes that's right, Ford Motor Co. sold more F-150's than any other vehicle in America. Over a half-million to be exact!

Ok, ok, but the Prius or Corolla has to be #2 right? Well, think again, can you say, "Chevy Silverado"? That is not a typo and your eyes are not fooling you. The Top 2 best selling vehicles in America are trucks that don't even come close to getting 20 MPG on the freeway. When I read this list for the first time, it made me laugh out loud. Everyday, I hear from the media, celebrities, Al Gore, and politicians about how we must drive cars that get better gas mileage or take mass transit or walk. Moreover, there rhetoric makes you feel as though everybody is being "Green" and your're the only one not on this wagon.

However, facts like these prove once again, Americans know what they want and will ignore the so called "Experts" and make decisions that make sense in there individual lives. The big three are building vehicles Americans actually want to drive. 4 out of the top 10 best selling vehicles are American made.

I am dreading the "Green" designs and new regulations that Harry Reid and Nancy Pelosi are going to come up with in an effort to make the Big Three pay for there bailout money. Washington seems bent on regulating Detroit into making inferior products that Americans will not want to drive, I cannot wait for the day that I get to buy a Dodge Ram with a frame made from recycled materials and runs on vegetable oil!

This Top 10 List makes you wonder what these Automakers could do without the UAW or Washington breathing down there neck with regulations and outrageous wages. Level the playing field Washington, Cut the Red Tape!

- OTIS

http://www.autoblog.com/2009/01/06/top-10-best-selling-vehicles-of-2008/

Monday, July 28, 2008

Econo-Cars Appreciate?

Lately, I have been reading alot of articles about how economy cars are actually appreciating in value. In all my 30 years of working in the auto industry I have never seen the value of a car actually appreciate with the exception of collector cars. Generally, when I purchase a car the key to making any profit along with any other Dealer is to sell it as fast as possible. Why? You might ask.

Well a vehicle is a depreciating asset and once you drive a new car off the lot you instantly lose 10-20% of it's initial value (This percentage varies depending on the Year, Make, Model and the kind of deal you got on the car). Used cars tend to lose there value slower, but they still depreciate. The more miles and wear and tear you put on your vehicle in the years after you purchase all play a huge role in the future resale value. This is why I was totally shocked to actually hear some cars have actually appreciated up to 20% of there value in the past 3 months. The cars that have made the biggest jump in value are economy cars that get great gas mileage.

I believe the reason for this unusual climb in appreciation is because the exhorbitantly high gas prices we have all been experiencing around the country. People are scrambling to buy up cheap vehicles that offer great gas mileage and trying to sell or trade in there gas guzzling trucks and SUV's. With oil prices finally dropping it will be interesting to see how long this appreciation for small cars last, but for now don't count on walking into your local Dealer and expecting him to give you a "GREAT DEAL" on a econo-bomb! Unless, of course you buy from FOX AUTO SALES, where our prices are always below our competitors, Private or Retail! OTIS