So I was searching on True Car for a model in my area and look at the pricing data.
So correct me if I am wrong.
True Car grabs pricing data based on transactions. These transaction prices are based on SOLD vehicles. After I added the Seven Cars in the example for the highs and lows, the "Good Price" does average out close to $37,794.
So won't the "Average Paid" needle move based on the 8th,9th,10th ect.... transaction?
Isn't True Car claim that a customer in Santa Monica shopping for a BMW should pay the same as someone in Houston. When the next few transaction happen, those two customers will have no longer paid the current Average Paid. The data should continue to move and the next customer could get a better deal than the last. Sound familiar?
Is my thinking WAY OUT in left field?