if a dealership never sells a new car is it declared new forever until its sold?

Answer 1

Strangely enough, no. As well as using some as demonstration vehicles, for test drives, most large dealers regularly practice the process of registering vehicles that have either been around a while or their year of manufacture is at or near expiration.

This serves the purpose of being able to artificially boost published car sales figures - which are adjudged by the number of registrations for each model - and leave the way clear to then sell them as "almost new" vehicles at significant discounts, whilst making room for the next year's models without devaluing them to the consumer.

I've worked in the car industry, including marketing consulting for car dealer networks, and this is common practice. So if and when you're in the market for a new car, it's often worthwhile keeping an eye on very low (almost zero) mileage on last year's models in the New Year, just prior to the launch of a new model, and/or around the end of the tax year.

Answer 2

It is decalared new until it's registered. However, when you go to get a loan on the car, banks may not use the invoice to determine the value but actually the book value. For instance, I have several 06 Nissans left, and if I was to determine a value, I would need to actually book the vehicle out or use 85% of invoice for it's collateral value. Anyway, I hope this helps.
P.S- Claude has no idea what he's talking about. What an idiot!

Answer 3

i think claude is right, because I have just got my toyota with about 800 miles on the clock, because the dealer had registered it and three other cars to sell them cheaper and make room for new models coming in. the dealer told me it happened a lot, but everyone wins - the dealer gets sales figures up, and the buyer gets a new car for a little less.

i don't think rhett should call someone an "idiot". he can't talk, and looking at his profile he says he is a car dealer so he should know the truth. maybe he's trying to hide something?!?!

Answer 4

Its new but if you buy a new car today with a 2006 compliant date then its one year old when drive it out the yard and if you sell it this year

Answer 5

I would say yes. It's new... never been used... maybe for a test drive... but they still state that as new... You can say old because the years have passed...that newer models have come out...

Answer 6

Nothing is ever "new". Unless some super huge car gave birth to a baby car. Then maybe it would be new.