We must remember that car yards pay rates and other council fees on the land their cars sit on. They also pay electricity, wages and have funds tied up in stock. Accountants take these costs and apportion them to each of their cars. So it costs the dealer each and every day a vehicle is on their lot or out the back.
The longer a car sits, the more the car owes the dealer. But the irony is that it’s worth less to the buyers (as it’s getting older). That’s why they have EOFY and EOY sales, to get rid of this old depreciating stock. This is especially so for the run of the mill older overstocked models.
Add some consumer fear about whether a vehicle is going to be orphaned soon and that makes them look like leper’s at the pool. Come next year and you’d be able to name your price for an Opeldore.
As an example, the 2016 Insignia VXR had a circa $55k Drive away price but the last of them (they weren’t advertised well and didn’t sell well) we’re sold in late 2017 for $28 DA... at that price a great buy if you liked the car. Oddly second hand prices are around that same level (which turned out great for those that waited).
