Tips on Buying Cars/Dealer inventory

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Expert: Jeremy Beck - 5/25/2009


Question
Can you tell me what happens to the new cars that never sell? Where do they go? And how can the general public find out about these cars?

Answer
Brian,

Thanks for your question.

A dealer that goes out of business will send his new cars to auctions, that are closed to the public and only open to someone that has a dealers license.  If the dealer does not go out of business, more than likely they will keep the vehicle until it sales, or sell it to themselves, write it down money wise and sell it as a used car.

Hope this helps.

Thanks - JB

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Jeremy Beck

Expertise

I can answer any question as it relates to the purchase or lease of a new or pre-owned vehicle. I can give you advice in purchasing from a franchised dealer or private party. Buying a vehicle can be a very difficult and frustrating experience, but it doesn't have to. Know before you Go! Let me help you with any of your questions.

Experience

I have been in the automotive business for 10 years. I have held every position from salesperson, Finance Manager, New Sales Manager, Used Car Sales Manager, Finance Director, and Director of Sales and Finance. I graduated from the University of Texas with a major in Business Administration, and have held many sales jobs in the automotive sector. I am a member of the Association of Finance and Insurance Professionals (AFIP). I have also been trained by some of the best schools in the business including JM&A, Ethos, VT/AIG, Inc, and various others.

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