Several options are available if you are searching for a new truck that has yet to be sold. Let’s look at the best places to buy unsold new trucks.
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Online Auctions
Online auctions are among the best places to buy unsold new trucks. Several websites host these types of auctions, and you can often find great deals on new trucks that have yet to be sold. However, before bidding on any truck, it’s crucial to research and knows what you’re getting into.
Dealerships
Another option for buying unsold new trucks is through dealerships. Many dealerships have a few new trucks they’re trying to get rid of and may be willing to sell them for less than they are worth. This is an excellent option if you’re looking for a specific model or make of truck.
Auto Shows
If you’re willing to wait a bit, you may be able to find unsold new trucks at auto shows. Automakers often hold these shows to display their latest models. After the show, they usually sell the vehicles on display at a discounted price.
Local Newspaper or Online Classifieds
Another way to find unsold new trucks in your area is by checking with your local newspaper or online classifieds. This is often when dealerships are trying to clear out their inventory, and you may find a great deal on a new truck this way.
Why Can’t I Buy a Truck Directly from the Manufacturer?
Even if you order a truck directly from the factory, the order must go through the dealer. In most states, manufacturers must sell through dealers, adding about 30 percent to the cost of trucks. The extra cost includes fees that dealerships charge for their services, the cost of shipping trucks from the factory to the dealerships, and in some cases, the cost of advertising and marketing that dealerships do on behalf of the manufacturers. Although this system raises the price of trucks for consumers, it also provides an important service: it ensures that buyers have a place to go for information and support after they purchase their trucks.
Can Truck Manufacturers Sell Directly to Consumers?
Truck manufacturers are not allowed to sell directly to consumers. Doing so would cut into dealerships’ profits, which are necessary for the maintenance and repair of trucks. Dealerships also enable people to test drive trucks before buying them, and they know how to fix them when they break down. In short, truck manufacturers need dealerships to stay in business, and selling directly to consumers would undermine that business model.
How Long Does it Take to Get a New Truck from the factory?
If you find a truck already in stock at the dealership, you can take it home that day or within a few days tops. On the other hand, if you want a specific model or trim that isn’t available on the lot, you can order a factory order truck. These trucks are built to your specifications and typically arrive anywhere from 3 to 6 months or more. If you need a truck immediately, one in stock will be your best bet. But if you are okay with waiting a bit and want precisely the truck you wish, ordering a factory order truck may be worth the wait.
What Happens to Unsold New Trucks?
When a new truck doesn’t sell at a dealership, dealers have several options to consider before deciding what to do with the unsold inventory. Here are the various avenues dealers take to get rid of unsold trucks:
Continuing to Sell at the Dealership
One of the options for dealers with unsold new trucks is to continue selling them at the dealership. This could involve offering incentives or reducing the truck’s price to make it more attractive to potential buyers. Suppose the dealership is part of a larger chain. In that case, the truck could be relocated to another location where it might sell better.
Selling at an Auto Auction
If all attempts to sell the unsold truck at the dealership, fail, the dealer’s final option is to sell it at an auto auction. In most areas, there are auto auctions that new and used-truck dealers frequently visit. The dealer sets a minimum price for the truck at the auction and sells it to the highest bidder. While trading at an auction is a quick way to eliminate unsold inventory, the dealer usually will get less money for the truck than they would if they sold it at the dealership.
Conclusion
If you’re in the market for a new truck, your best bet is to find one already in stock at the dealership. However, if you’re willing to wait and want a specific model or trim, you can order a factory order truck. Just be aware that these trucks can arrive in three or more months. Dealers have several options when faced with unsold new trucks, including selling at the dealership, relocating the truck to another location, or selling it at an auto auction.
