Weekend Reads This Is What Happens to All of the Cars That Never Get Sold

06:05  12 july  2018
06:05  12 july  2018 Source:   readersdigest.ca

Tesla prices shoot up $20,000 in China as US trade war begins

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Wouldn’t it be nice if dealerships just gave away the unsold cars for free?

Wouldn’t it be nice if dealerships just gave away the unsold cars for free?

a close up of a flag © Welcomia/Shutterstock

What happens to all of the unsold cars?

If you've ever driven by a car dealership and seen the rows and rows of brand new cars, you've probably wondered what happens to the ones that never get sold. Where do they all go when it comes time to make room for the newest models? Dealerships won't just give the cars away for free, though. Things are a little more complicated than that. (You'll want to read up on these secrets that car dealerships won't tell you.)

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Bombardier exec apologizes to TTC over recalls

  Bombardier exec apologizes to TTC over recalls The president of Bombardier Transportation made his first appearance at Toronto's transit commission board meeting on Tuesday and apologized for the latest problems with the streetcars his company delivered to the city. "We understand and share the disappointment of the mayor, the board and the TTC riders. We truly apologize," said Benoit Brossoit.The transit authority said last week that the first 67 of 89 streetcars would be sent back for preventative repairs due to a welding issue.Although the majority of streetcars will be sent back to Bombardier's Welding Centre of Excellence in La Pocatiere, Que.

Wouldn’t it be nice if dealerships just gave away the unsold cars for free?

If you’ve ever driven by a car dealership and seen the rows and rows of brand new cars , you’ve probably wondered what happens to the ones that never get Another option is that the cars can be used as a loaner car when people bring theirs in for service. The final option is to price the cars to sell .

Car dealerships are franchises. That means they buy new cars from the manufacturer and sell them at a higher price to make a profit. Therefore, once the dealership buys those cars, they belong to them. They can't just send the unsold ones back to the manufacturer at the end of the year. In order to make money, they have to get customers to buy them.

There are a few options for the dealership when their cars don't sell. They can ship the unsold cars to a different market where the specific model might be in demand. “For example, a city Toyota dealer with a Toyota pickup may trade it with a small town Toyota dealer who needs it,” George Iny, president of Automobile Protection Association told The Globe and Mail.

The cars can also be sold at auction, but that forfeits some of the sale to an auction house, which means the dealership would lose a lot of money since the car would already be discounted. Another option is that the cars can be used as a loaner car when people bring theirs in for service.

10,000 tickets unsold for England game - but too late now

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If you’ve ever driven by a car dealership and seen the rows and rows of brand new cars , you’ve probably wondered what happens to the ones that never get sold . It would be nice if dealerships just gave the cars away free, but things are a little more complicated than that.

If you’ve ever driven by a car dealership and seen the rows and rows of brand new cars , you’ve probably wondered what happens to the ones that never get Another option is that the cars can be used as a loaner car when people bring theirs in for service. The final option is to price the cars to sell .

The final option is to price the cars to sell. Something to keep in mind when buying a car is that carmakers and dealerships want to get rid of inventory so older cars aren't competing with newer models. Iny suggests purchasing a car in the fall because that's when dealerships push to get last year’s cars sold.

So, all of the unsold cars can actually benefit the buyer, but before you go to purchase a new set of wheels, make sure you know how to outsmart a car salesman.

Originally published as This Is What Happens to All of the Cars That Never Get Sold on ReadersDigest.com.

The post This Is What Happens to All of the Cars That Never Get Sold appeared first on Reader's Digest.

Most new TTC streetcars to be shipped to Quebec to fix welding defect, Bombardier says .
In a stunning setback for the TTC’s problem-plagued streetcar order, Bombardier now says most of the vehicles it has already delivered to the transit agency will have to be taken out of service and shipped to Quebec to correct a serious welding defect. The Star has learned that after a lengthy investigation into long-standing welding problems with the vehicles, Bombardier has concluded the first 67 of the 89 cars it has supplied need to be fixed, or they could fail prematurely. The cars will be sent to Bombardier’s plant in La Pocatière, Que., and according to the company will each take 19 weeks to fix.

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