I'm going to tell on myself a little bit. Before I began working at Daniell Motors, I thought that used vehicles on car lots were all trade-ins. Which, if you think about it for more than ten seconds, doesn't make too much sense--especially in relation to an independent used dealer. So, just where do used vehicles come from?
The answer is pretty simple. Most inventory on used car lots comes from an auction like Manheim, the largest auction house in the country. They collect their vehicles from various sources:
- Lease companies - Companies like GE Capital buy large numbers of vehicles from manufacturers in order to lease them to individuals or businesses for a set amount of time. After these leases expire, they have the option to lease them again, or to sell them at auction.
- Dealers - Dealers that get trade-ins which don't fit their normal inventory often bring them to the auction to sell. Many dealers bring vehicles that haven't sold soon enough to the auction, as well.
For more information on the Daniell Motors family, and to find your own vehicle, visit DaniellMotors.com.
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