Quote:
Originally Posted by BENT_8
Very few Dealers own their stock, most of it is on loan from the manufacturer, I remember when the Toyota dealer on Beach Rd Christies Beach went under back in the mid 90's and we were sent down on a minutes notice to take possession of the entire new car stock on orders from head office.
Back in those days CMI was the only Toyota Dealer in SA that owned its new car stock outright.
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I wonder if that's unique deal with Toyota as most dealerships have to finance their own
floor stock until sold, hence the pressure to move vehicles on. If certain vehicles are hard
to move, the costs begin to pile up, so Ford and Holden will usually give a final payment
to allow a strong discount and if that doesn't work, then the dealer can wholesale them
to make way for fresh stock but that's normally a rare thing. In this case, Stilwell look to
have more stock than it can move, focus is bloody hard to shift because of price.