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Back in the '50s, some manufacturers (Kaiser comes to mind) would issue a new serial number for the unsold cars, and re-title them as the next year's model.
When the next generation of a model is the following year, do they make a lot less of the out going generation for it's final year?
Did anyone buy a 2013 Corvette? Did they make a lot less of them?
I imagine they sold a good numbr of the 427 'vert, but seems like everyone else would have waited for the 2014.
They made 13,466 Corvette's that are 2013 model year cars. Did they make less? Not when you consider that they made 11,647 Corvette's for 2012. Since 2009 Corvette sales have been hovering in those numbers with 2009 the best sales year at just under 17,000 units. 2007 had over 40,000 cars sold and 2008 production dropped to just over 35,000 units. Since then it has been hard to get into the mid teens. I would say that an outgoing model Corvette or similar car will normally see a spike in sales. Remember this is a low produced car that has one purpose, to get you into the showroom. It is also a highly profitable car for GM. They make about $10,000 per unit sold in profit for GM.
Usually sales gradually fall off. For a car like the Corvette or Civic which everyone already knows about, the best selling. model is almost always the first year of the run. They do a mid-cycle refresh to boost sales. Sometimes with new cars it takes a year or two for the sales to take off, but that's the exception to the rule.
For the Corvette, they moved 3929 in October (when the '14 came out) compared to 831 the previous month. So, yes, quite a few people bought the '13 'Vette. They're nicely discounted. Do you pay near MSRP for the Stingray or take the $6-8k off MSRP for the '13?
The high volume Corvette dealers are really trying to get their '13's out with deep discounts. It's really tempting.
I would imagine that keeping old models on the floor, taking up space and paying interest on them has to tie up dealership funds that they'd rather use elsewhere.
I bought a new 2010 Mitsubishi Lancer GTS (just 10 miles on it) in May of 2011. It was well option - the usual power stuff, auto, climate control, alarm, 18" Enkei wheels, etc... The dealer was really anxious to get rid of it and had discounted it by about $3000 (it was only about 20K to begin with). Add on a $1,500 rebate and I got it for just $15,500. That was like Hyundai Accent or Chevy Aveo territory so I was quite pleased.
I was kind of worried - it has sat on the lot for a little over a year according to a Carfax report (obviously not being driven), but I had the oil changed when I got it home and its been perfect. This was from a Southern California dealership so it wasn't exposed to harsh weather either.
When dealerships don't sell all of the current model cars they have on their lots, what happens to them? If a person decided to buy a new car in May 2010, but they wanted a 2009 model (maybe the 2010 model received a complete overhaul and now has bugs that need to be worked out), are those cars still on some car lot somewhere? The cars are not used; they are new, but not the current model year.
Thanks!
Good deals to clear the lot.
Last two cars I bought were the very last previous year model on the lot. In one case I got a 29k msrp car for 19.5k.
The only downside is that you might not get the color/options you want, but a small price to pay considering the savings.
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