Quote:
Originally Posted by nakamuru
Whoa that is great info 54 days? Why isn't people buying cpos as fast as it seems way to go . Guess lease and new car is out purchasing cpo
Where did you find the 54 day average seems like 60 day isn't too bad then
As for the 3.1% they are offer king 3500 rebate too as it's a loaner car which counts as new car incentive according to them
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I spent many years in executive management in the auto industry as well as sitting on the board for TrueCar and Tesla. This information is accessible through various OEM websites that I still have access to.
If it's a loaner car - then that 100% explains why it is still there. Most OEM's give the dealership additional Factory to Dealer incentives to put cars in loaner car status and one of the caveats is that it must stay in loaner status for 'X' days. Usually it is 6 months. So for this to only be 60 days old, that is no issue at all. Also, if it is a true loaner and has yet to be titled, then you lose no warranty on the car. The warranty doesn't start till you buy it.