What do car dealerships do to unsold new cars?
When new cars remain unsold, the dealership may sell them at an auction to used car dealerships, sell them as new for a significant loss or move them to their used car lots, writing off the depreciation as a loss.BenefitsConsumers looking for excellent values on used cars should consider models that are new but one or more model years old. Dealerships with these aging vehicles will offer great deals to sell them.MisconceptionsAlthough a dealership may offer an aggressive deal, they will not accept extremely low offers. A 1-year-old unsold new car will still sell for more than a comparable 1-year-old used car.TypesThere are two types of unsold new cars: those with low miles that were not used for regular test drives and demonstrators, which are legally new but may have thousands of miles on them.SignificanceSome dealers will wholesale old new cars at auctions. However, taking unsold new cars to auction results in a significant loss, as the dealers who buy the cars wholesale must purchas
