eg holden , ford Mazda , toyota etc own the cars they have on the car yard or are the just on site waiting to be sold then the dealer pays the parent company and pockets the profit they made on the sale ,
just wondering
scarey65,
Aug 5, 6:55pm
i believe dealers pays up front
bigfatmat1,
Aug 5, 7:00pm
Generally own. Some run out specials may be on consignment.
gusthe1,
Aug 5, 8:01pm
Toyota changed to a consignment basis some months ago.
countrypete,
Aug 5, 8:06pm
Most are on floorplan to a finance company such as UDC etc. The finance company sets a limit and the dealer purchases cars to that limit. The finance company has title to the cars until the dealer pays them out, usually on sale.
franc123,
Aug 5, 9:32pm
I think this is how it's most commonly done.
kecal,
Aug 6, 4:38pm
cheers for the replies
toenail,
Aug 6, 6:07pm
yep, toyota dealers are allocated cars which they can sell to customers. Each dealer would get allocated different quantities depending on their performance. Most of the cars don't sit on dealer lots but held by Toyota corporate.
kazbanz,
Aug 7, 10:32am
In fairness the dealership usually does own a percentage of its stock usually. But a high quantity of used inventory can mean up to 100% of new is flooplan or parent company owned.
3tomany,
Dec 11, 11:05am
Yip his is it and the longer i sits, the keener they get to move it as the interest does add up after a while.
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