Days on Lot - Quick-Tips Video - NewCars.com

- Finding out how much time a new car spends on the dealer’s lot is not the first thing you think of when shopping for a new car. But in the end, it could make all the difference in the world. The term "Days on Lot" refers to the average number of days a particular model spends at a dealership before it is sold. As you can guess, the Days on Lot statistic varies widely by make, model, body type, model year, and even region of the country. Why is this important? "Days on Lot" is important because dealers view their cars as inventory and, like any retailer; their goal is to move this very expensive inventory as quickly as possible. The longer a car sits at the dealership, the more money the dealer invests in interest, rent and advertising for that particular car. This means that the dealer might be willing to accept a lower sales price on the slow-moving inventory with the hopes of unloading the car and cutting their costs. How can you use this information to your advantage? If you're trying to decide between two similar cars, compare their "Days on Lot" stats. You'll likely be able to negotiate a better deal on the car that's spending more time on the lot. If you've already found your dream car, take a look at its 3-month "Days on Lot" trend on NewCars.com. It's one of the few websites to offer DOL info. If the "Days on Lot" number is getting larger over time, then you know that the car is losing popularity and you should be in a better negotiating position. To find "Days on Lot" info for any model, visit NewCars.com and type the name of the car you want into the Quick Car Finder. Don't forget to also look for any available Rebates and Incentives for additional savings opportunities.

Channel: Vimeo Video Length: 2m 8s Date Found: Sat, Jul 31 2010 1:15 AM Category: Home Video Date Produced: Wed, Jun 09 2010 7:45 PM View Count: 0