Banks and credit unions sell these repossessed vehicles at steep discounts to licensed car dealers through restricted wholesale auctions.
The grounding franchise dealer usually gets the first opportunity to buy a high-quality returning lease vehicle to put on their lot. where do dealers buy cars
Because lease returns are typically newer and well-maintained, they are the primary source for a dealer's highly profitable Certified Pre-Owned vehicle programs . 🏢 5. Fleet Operators and Rental Companies Banks and credit unions sell these repossessed vehicles
When customers buy a newer car, they often trade in their current vehicle to offset the purchase price. 🏢 5
Consumer trade-ins represent one of the most profitable streams of inventory for both franchised and independent used car dealerships.
Car dealerships utilize several distinct supply chains to acquire vehicles based on whether they need brand-new inventory or pre-owned vehicles to sell to the public.