Auto Dealer Hail Insurance

[mkadl]

Blair, Nebraska has 1000's of car parked outside within like 1 sq. mile. It seems to me to be a risky deal to insure. How do they do it?

 

[ISUFan22]

I am unclear on why they have so many...

 

[F5cy]

I am unclear on why they have so many...

Woodhouse Auto Dealership

 

[ISUFan22]

Woodhouse Auto Dealership

And? Sorry, not familiar with it.

 

[F5cy]

And? Sorry, not familiar with it.

It's a massive dealer. Probably sell more pickups than just about anyone else in the country.

 

[ISUFan22]

It's a massive dealer. Probably sell more pickups than just about anyone else in the country.

And they have that much stock? Is it really thousands, as in multiple thousands? That's crazy.

 

[chuckd4735]

And they have that much stock? Is it really thousands, as in multiple thousands? That's crazy.

https://www.google.com/maps/@41.5240367,-96.1460187,1146m/data=!3m1!1e3

 

[F5cy]

And they have that much stock? Is it really thousands, as in multiple thousands? That's crazy.

Hundreds, probably. Although this is just their main dealership, you can see quite a cars in stock when this satellite image was taken:

https://www.google.com/maps/place/W...2!3m1!1s0x8793c6acf62c9c65:0x63f8547741e8351d


*edit -

 

[chuckd4735]

Hundreds, probably. Although this is just their main dealership, you can see quite a cars in stock when this satellite image was taken:

https://www.google.com/maps/place/W...2!3m1!1s0x8793c6acf62c9c65:0x63f8547741e8351d


*edit -

No, it is definitely thousands.

 

[GoCubsGo]

I'm sure whatever premium they pay reflects the relative risk. That's sort of the way insurance works.

 

[dmclone]

Go do a search on woodhouse.com and you see 6,154 different models.

 

[Rabbuk]

holy ****

 

[ISUFan22]

 

[mkadl]

holy ****

I guess I take it for granted living 40 miles away. We shop there first then compare. Usually go back.

 

[CyCrazy]

And? Sorry, not familiar with it.

I thought you knew everything? Chink in the armor eh?

 

[dmclone]

I've bought from them before. They offered my $1k better deal then the local Mazda dealer without physically seeing my trade in.

I'm willing to drive 120 miles for 1k

 

[drlove]

Blair, Nebraska has 1000's of car parked outside within like 1 sq. mile. It seems to me to be a risky deal to insure. How do they do it?

The dealership will have a "hail sale " and discount the cars a fraction of what they get back from the insurance company. The dealership will do very well with hail damaged cars.

 

[Tre4ISU]

And they have that much stock? Is it really thousands, as in multiple thousands? That's crazy.

They have room on the hill for about 4500 pickups if I remember correctly.

 

[Steve]

It's a massive dealer. Probably sell more pickups than just about anyone else in the country.

They are the largest F-series Ford dealer in the nation and the 2nd largest Ford dealer for all models. They are also highly ranked on many of the other lines that they carry. They took advantage of some tax savings by locating in Blair outside of Omaha/Douglas County.

 

[cy4prez7]

The dealership will have a "hail sale " and discount the cars a fraction of what they get back from the insurance company. The dealership will do very well with hail damaged cars.

This. Have a friend who works at a big dealership and they love hail storms. Sell the cars for less and make enough from insurance to profit.