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What happens to used cars that don't sell? #5247440 10/22/19 06:11 PM
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WhyMe Offline OP
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i know most used car dealers hit a home run on most cars they buy and sell or they would not be in business. But what happens to the ones that don't sell? are the scrapped? auctioned off again?

Re: What happens to used cars that don't sell? [Re: WhyMe] #5247442 10/22/19 06:12 PM
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KeithS_NW_Ohio Offline
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Lowered in price


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247445 10/22/19 06:14 PM
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SirTanon Offline
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In most cases, they end up going back on auction and make the rounds to another dealership who thinks they can sell them.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247446 10/22/19 06:14 PM
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Sent to auction often sold at a lost.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247469 10/22/19 06:35 PM
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atikovi Offline
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Originally Posted by WhyMe
i know most used car dealers hit a home run on most cars they buy and sell or they would not be in business.


Not accurate at all. Some dealers may be around for decades many more quit within a year. They ALL eventually sell, some for a little loss, some for a big loss and if lucky, for a nice profit. Auction would be the last resort unless there is something major wrong with it that it couldn't be sold to a customer.

Re: What happens to used cars that don't sell? [Re: WhyMe] #5247486 10/22/19 06:46 PM
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Fifth87 Offline
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Based on an interaction I had with a dealer as a prospective customer today, drop price a few times, then off to auction.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247531 10/22/19 07:38 PM
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Chris142 Online Content
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Those are the cars that are advertised on Thursdays.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247553 10/22/19 08:09 PM
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Been flipping cars for awhile now, most go to auction.


Dave


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247592 10/22/19 09:05 PM
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The industry term is WHOLESALED. The dealer may shop it around to other dealers hoping for a bite or calling in a favour. If nothing, they may ask employees if they want it for cost, and if nothing there then off to auction.

Dealers make thousands off of 6 out of 10 cars, hundreds on a 2 or 3, and often lose money on 1 or 2 . A good manager won't hang on to a dud for very long, and will move it out to free up cash for the next profitable deal. A bad manager will be so scared of losing money that he will hang on to the car for months, miss out on multiple profitable deals, and end up losing more money anyway ... until he learns, or gets shown the door.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247636 10/22/19 10:34 PM
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I remember a handful of cars I thought wouldn’t sell when I worked for a Chevy dealership. One memorable one was a teal colored Aveo sedan. I always joked that it looked like an Easter egg. Then one day a couple just as weird and quirky as that car came along and bought it... from me! They all sell eventually. Sometimes retail, sometimes at a loss, some at auction, and some to employees.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247677 10/23/19 12:44 AM
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bubbatime Offline
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Everything has value. The key, is to find out what the market will bear, in a timely manner. You might get $10K for your sedan, to the right buyer, 3 years from now, or you could sell it right now, for $6k.

You can either lower the price, or ship it off to auction and get rid of it, for some cash flow.


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Re: What happens to used cars that don't sell? [Re: fisher83] #5247697 10/23/19 02:56 AM
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levi Offline
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Originally Posted by fisher83
They all sell eventually. Sometimes retail, sometimes at a loss, some at auction, and some to employees.


This.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5247702 10/23/19 03:32 AM
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Auctioned off. Someone always buys them at auction. Most trade ins (except the cream puffs) never see a spot at the dealer's lot.

Last edited by Lubener; 10/23/19 03:34 AM.

The "thinking" man's friend.
Re: What happens to used cars that don't sell? [Re: WhyMe] #5264988 11/12/19 12:10 PM
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Every Yugo sold back in the day so there is a butt for every drivers seat. Like mentioned, either wholesaled or price dropped until sold. They all eventually sell.


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Re: What happens to used cars that don't sell? [Re: WhyMe] #5265233 11/12/19 04:26 PM
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where do you think the $200+ "doc fee" came from?


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