SOURCE: Carlypso

Carlypso

June 24, 2015 11:57 ET

Car Technology Company Carlypso Shares Best Deals on Used Cars Right Now

Carlypso's Latest Analysis of Wholesale Market Data Plus Retail Data Highlights Where Consumers Have the Most Room to Bargain for a Great Deal

SAN CARLOS, CA--(Marketwired - Jun 24, 2015) - Carlypso, the first technology company to sell used cars hassle-free with the largest inventory and best prices, today released its findings on hottest deals for used cars.

Carlypso tracked over 333,526 wholesale vehicle transactions and 2.4 million retail prices to find just how much "wiggle room" there might be on a car sitting on the lot1. The company then made exact matches of cars from wholesale transactions and retail prices to determine where consumers had the most room to bargain.

Here's where Carlypso found dealer prices were most out of sync with the real market:

             
Make & Model   Retail Price   Wholesale Price   Difference
2014 Dodge Journey SXT   $21,400   $16,600   $4,800
2013 Dodge Charger SE   $19,900   $15,250   $4,650
2013 Ford Edge SEL   $26,800   $22,400   $4,400
2013 Mazda MAZDA5 Sport   $16,100   $11,750   $4,350
2015 Chrysler 200 S   $22,700   $18,700   $4,000
             

On Dodge Journeys, base model chargers, and Ford Edge SEL's -- current dealer markups are well above wholesale price levels. The dealer is paying almost $4,000 less than you as a consumer! Granted there is refurbishment and sales-costs to factor in, but the average wholesale-retail spread was measured at $1,8492 for good condition vehicles.

"We wanted to share with consumers where they can get the best used car deals right now, and where they have the most bargaining power," said Chris Coleman, co-founder of Carlypso. "The vehicles we mention were really overproduced when they were first made. The demand simply wasn't there and many went to rental fleets. As newer models come in for rental fleets, dealers are now stuck with these cars that are harder to move. For the cost-conscious consumer though, these are where the best deals can be had."

On the other end of the spectrum, for certain vehicles the dealer really can't go any lower on price. Hard-to-get inventory often commands high prices for wholesale markets. Dealers are willing to forego margin when consumer demand is high and supply is low. The vehicles where Carlypso saw the least "wiggle room" to negotiate on prices are the popular Honda Odyssey, Chevrolet Suburban and the Chevrolet Tahoe.

About Carlypso
Carlypso is the first technology company to sell used cars hassle-free with the biggest inventory and best prices available. Carlypso finds the best deals on inventory before it goes to the dealer, and passes that savings onto the consumer. An "Amazon for used cars," Carlypso advertises 4,000 used cars per week that are generally $2,500 below any traditional dealer offer. Carlypso, based in San Carlos, CA, has sold hundreds of cars to date for consumers throughout California and is expanding nationwide. For more information visit www.carlypso.com.

1 Only same year, same make, same model, same trim, and vehicles with limited options subsets were included (e.g. most luxury vehicles are excluded).
2 The study examined comparisons of top-quartile wholesale vehicle sales prices to average retail listing prices within the same geographic region.

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