The Mecum Rule is a set of guidelines that car dealers use to judge the condition of a vehicle.
Introduction: What is the Mecum Rule?
The Mecum Rule is a guideline that car dealers follow when pricing automobiles. The rule states that the starting price of an automobile should be no more than two-thirds of the Manufacturer's Suggested Retail Price (MSRP). The Mecum Guide is a widely respected source for car prices and information.
The Origins of the Mecum Rule
The Mecum Rule is a set of guidelines for evaluating used car prices established by the auction company Mecum in 1978. It is named after its founder, Carl Mecum. The rule stipulates that a used car should not be undervalued and that the highest bidder should win the auction.
The Current State of the Mecum Rule
The Mecum Rule is a set of guidelines that car buyers use to determine the value of a vehicle. The rule was created in the early days of the internet and has since been updated many times. The current state of the Mecum Rule is that it is not as accurate as it once was. Many dealerships do not follow all of the guidelines, making it difficult for buyers to find a fair price for their car.
Conclusion
The Mecum Rule is a guideline used by dealers to determine the value of an automobile. The rule states that a car should be advertised at its "book" or certified value.
What is the Mecum Rule?
The Mecum Rule is a guideline for car auctions that states that cars should be sold at no more than 20% over their book value.
How does the Mecum Rule work?
The Mecum Rule is a guideline used by car dealers to determine the value of a car. The rule states that the price of a car should be the average price paid for similar cars in the past 72 months.
When did the Mecum Rule come into effect?
The Mecum Rule was first published in the Spring 1971 issue of The Hemmings Motor News.
What does the Mecum Rule mean?
The Mecum Rule is a guideline for how much money an auctioneer can charge for services. It was established in the early 20th century and is based on the principle that an auctioneer should not make more than 12% of the final sale price.
