Heard from a neighbor. Bilia’s used car sales during Q3 have been stronger than they had anticipated.
Bilia expects to report operational earnings for the third quarter 2020 that are higher than last year and significantly above market expectations.
Bilia’s operational earnings has so far during the third quarter been impacted more positively than expected by a strong demand for used cars. Bilia’s operational earnings for the third quarter 2020 are expected to amount to between SEK 340 M to SEK 360 M, compared with SEK 280 M for the third quarter 2019. The demand within the Service business has remained on a good level during the third quarter. Government support for furloughing has been used to a very limited extent during the third quarter and support recognized as income are of minor amounts. There is no support for furloughing recognized as income for Sweden.
The figures are preliminary and not audited by Bilia’s auditors. Complete information will be reported as part of Bilia’s ordinary interim report on October 28 2020.
Yeah, Masse, Kamux already said that was taken into account.
25% of the cars they bring to Finland are already alternative, meaning hybrid or full electric/gas etc…
At the Uusikaupunki factory, as far as I understand, they only make two Mercedes hybrids that are currently selling very well, so there’s enough work, namely the GLC and A-class HB plug-in models.
I believe that since Kamux is data-driven, the purchasing team is already anticipating the coming change.
The trade-ins from customers will still primarily be petrol/diesel for a long time…
I thought I’d share my experiences as a former car salesman (for a short time, though). From experience, I can say that few customers focus much on interest rates. They look at the monthly price, decide it’s suitable, and go with it. Customers who do pay attention to interest rates usually say well in advance that they’ll get the money from their own bank.
Of course, good interest rate offers bring in customers. But generally speaking, cars are also priced with high asking prices. Those euros are always taken from the customer somehow. Kamux cars, however, are reasonably priced for the market. There are no extra euros in these. Of course, some individual cars yield a higher margin than others. Some cars are just bought in better.
I wasn’t a salesperson at Kamux, but even then, about 5 years ago, I thought Kamux’s operations were good and modern. I worked in a car dealership with old traditions. We also sold new cars, and the management culture was straight out of the 80s. Our dealership was quite close to Kamux’s store, so I also saw their salespeople. They had a sales-hungry and youthful work community. I often wondered how great it would be to work there, but I decided to move to a completely new field myself.
The most important observation, however, was that if I couldn’t close a deal myself and the customer said they were going to quickly check out Kamux’s selection, that deal was gone. They had such good salespeople that once they went there, they never came back to me.
This kind of trade happened before the stock exchange opened. Similar trades have also taken place with at least QT and Relais Group. What could it be about?
Kamux as a small-cap stock usually always moves more than the index, and the index is almost -3% itself, so there’s no drama here. We’re still higher than last Wednesday, so just calmly ride along
Kamux “peer” Carvana forecasts record Q3 today and an upgrade from Goldman:
Carvana (NYSE:CVNA) expects to achieve company records in performance across several important metrics (Revenue, retail units sold, gross profit per unit and EBITDA margin) in Q3 2020.
Oh, that makes me smile. Carvana today +33.90% and Vroom +13.70%. During the corona dip, you could get Carvana for under USD 30, and now it’s USD 233 on the board.
Someone could tell the WSB guys pouring money into Carvana that here in Finland there’s this European Carvana on the stock market that’s just starting its European conquest and is a CLEAR TENBAGGER in the post-corona market!
Kamux’s competitor Lite Bättre’s ads caught my eye recently. Pretty funny clips. Should Kamux also sometimes (try to) alleviate its somewhat questionable reputation with an advertising campaign?
DNM apparently wants to get rid of its Kamux shares. They were probably one of the biggest buyers in Intera’s sales. They’ve sold €1.8M worth of shares within a month. I added more at that price, €9.39. A really good quarter is coming up, though.
It’s been quiet in this thread. Let’s throw out a tough nut to crack: what’s the purpose of this single Sunday opening?
I’ve heard good reasons in the past why they SHOULDN’T be open on Sundays.
Here are some opening questions.
Do they want a special push at the end of Q3 to make it a super quarter?
Is a larger batch of cars coming and they’re selling off inventory?
Visibility?
Throw out some ideas, and if anyone has concrete information, that would be best.
Based on my empirical observations, these Sunday openings have been pretty standard in the last weeks of quarters, sometimes even more often. So this isn’t an unusual practice, but I assume it has something to do with wanting to “tidy up” the inventory before the end of the quarter. That’s what I’d guess, but I don’t know anything
So in Sweden and Germany, many shops are normally open on Sundays.
In Finland, we’re a bit lazy; they should just be open when people have time to check out cars.
