You could find quite a few 2023's here in South Florida as late as Feb 2025. Even now in April, my nearest dealer (Miami Lakes CDRJ) still has a Gladiator Diesel listed. Up the road a few miles, Autonation CDRJ has four 2023's listed; three Gladiators and one Wagoneer. Another CDRJ (Aventura, North Miami Beach) has 21, yes, 21 2023's listed including a couple of Gladiators, Wagoneers and Durango Hellcats.
That's not how it works. It's a NEW vehicle until sold, and sometimes the prices keep going up instead of going down. For example, I remember when dealers had NEW Dodge Vipers on the showroom floor for 3 - 4 years after they were discontinued. The prices kept going up because of the rarity. All Dodge Vipers eventually got sold, but it took several years before the last Viper to sell. I think the last Viper sold was 7 years old.
Keeping inventory too longâŠ.doesnât help your cash flow, revenue/bottom line (from a business standpoint).
The only way that would show up on a Carfax is if a MSO got turned in for a state title. The only legal way they could then sell it new again is if the MSO was never turned in for a state title.
There was a stop sale on the diesel for most of 2023, dealers weren't allowed to sell any until the HPFP recall was fixed. For a lot of dealers they didn't even get fixed until 2024. Then jeep discounted the 24s, so people had the choice of a $65k 2023 diesel, or a $45k-$50k gasser with the new big screen.
"You've heard" - and that's about it. It's been titled so can't be sold as new. Even a dealer won't have the "title".
Not sure where you are getting your numbers from but a dealer with 15 vehicles at 45,000 has $675,000 for that part of their inventory. At a commercial interest rate of 8%, that is $54,000 annually in interest (slightly under $150 per day to keep them on the lot). Spread that $54,000 over 15 cars and you have $3,650 per car per year.
Federal law states once the vehicle is sold it is no longer on a mso it's used also if it has 1200 miles tge dealer has yo turn so into a title so it's used at that point
Yes..perhaps that is the laws now-a-days. But as a âconsumerâ - Iâd cover my ass and look into anything to justify that itsâs new. Personally, I wouldnât buy a vehicle thatâs been sitting on the lot for a year.
Just so you understand warranty on a"new car" starts when it's sold no matter how long it's been sitting on the lot and starts with mileage as of day it was sold. That's why if they have over 1200 miles it's considered used and dealer has to title vehicle in there name. I bought a Hellcat last year was a 2022 was new 36 miles and it came with full factory warranty. A reputable dealer won't try to wiggle out of the factory warranty there getting paid to do that work any franchised dealer of that brand has to honor that warranty even if it's not the dealer you bought it from.
Youâre not collecting any interest when the vehicles arenât sold (Sitting on the lots).
I managed a Dodge stroe years ago before opening my own dealerships the New car manufacturers give there dealers a "grace period" before interest starts and always give dealers incentives if certain makes or models are not selling. The car business has changed since the internet took over sales. New car dealers now make more money on used and service on the front end of the deals and usually not much on the actual sale of a new car but instead make a bonus at the end of the month from how many they sold that month from the manufacturers . That's the reason why you can find car's sitting on the lot's after there model year I'm in New car store 4 days a week buying trades for my dealerships and glad I'm no longer running a New car store. Most of these new car stores make 3 to 4 time's more money on a trade compared to selling new. Even at invoice the new car dealers are making money more then people think
Why? It's so cut and dried - you can tell easily on the paperwork - "application for title".
