But our needs include towing, and sedans have not been suitable for towing for more than a decade. The last full-size American sedan - the "Crown Victoria" was stripped of its major towing abilities in later years, in favor of gas mileage. If you want to tow, you have to go with an SUV or pickup truck - the latter being about $10,000 less than the former, similarly equipped. That third seat is awfully pricey.
I've seen their buyers at auction.
Take a, say, 2012 MINI Cooper Hardtop with, say, 30K. I buy that car, a nice one, for, say, $13,700 across the block. I get it back to my store, and it owes me $14,100 with auction fees. I spend $400 on average getting the bumper scuff fixed, dings removed, touch up stone chips, fix curb damage on wheels, etc. I then spend an average of $1,000 in the shop including 4 new tires. It costs me $900 to CPO the car. I advertise it for $17,999 and sell it for $17,700. I make $1K-1200 and move it quickly.
OR I watch the same car with a unibody damage announcement and a dirty carfax sell to offleaseonly for $10,200. They own it for $10,500 and sell it for $12,999.
But their price is so much better..............
But we'll see.