Home  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Classic Cars Monthly Your Link Here  

Go Back   TenTenths Motorsport Forum > Road Car Forums > Classic Cars

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 21 Feb 2013, 19:13 (Ref:3208709)   #11
CTD
Veteran
 
CTD's Avatar
 
Join Date: May 2008
Denmark
Aarhus, Jylland, Denmark
Posts: 6,654
CTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of FameCTD will be entering the Motorsport Hall of Fame
Quote:
Originally Posted by dtype38 View Post
Not wishing to show my ignorance.... Lemon effect?
Sorry .
It derives from a "Lemon Car".
Which is a car which has been available for a long time, or at a price which is under the normal market value (like your RV), and because of this scares away buyers, as they fear the offer is too good to be true, and walks away of the fear of hidden surprises.
You can compare it to meeting a woman/man, which you find attractive. However when you find out that the person has been single for a very long time, you start to wonder what is wrong with her/him, since she/he hasn't had a relationship.

Or more simple:
If I offer you a Rolex for 10£, you wouldn't take it, as you fear it's a fake to that price .

The term "Lemon" is actually used in all markets, and can be fatal for a company.

To Relate to your RV:
The price might be so low, that the buyers fear you selling it because you know it has a fatal flaw, and you there want to get rid of it as fast as possible!
The best way to counter the Lemon effect, is to take it off the market for some time (a month or so) and re-enter it at a price reflecting it's value (perhaps a bit too high so the buyer feels that there is room to haggle/bargain for the price)
CTD is offline  
__________________
Hvil i Fred Allan. (Rest in Peace Allan)
Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Money Casper Australasian Touring Cars. 9 20 Sep 2008 05:00
Where does the money come from? JohnnyFiama Bike Racing 5 10 Feb 2004 12:59
If it were your money.......... Wrex Formula One 18 25 Nov 2002 14:55
Tell me the money! Ian Geeza Formula One 8 30 Oct 2000 08:54


All times are GMT. The time now is 15:31.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2021 Royalridge Computing. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2021-2022 Grant MacDonald. All Rights Reserved.