Quote:
Originally Posted by mav1178
sometimes an "auction" would also be buying it on a wholesale auction. Many times, when a dealer takes a trade-in from a customer, they turn around and sell it on the wholesale auction market.
It's why there's always a random collection of used cars at a new car dealership... half those cars were never sold to that dealer to begin with.
-alex
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Every car I have ever traded in went straight to auction even though traded to the same dealer it was bought from. For some reason the dealer never wanted to keep a 5 year old 300K mile car on their lot and try to sell it.
My 03 Lancer was going on the flatbed before I even left the lot. About 3 weeks later it shows up down the street from home. The guy bought it from a used dealer in a town about 1/2 an hour away for only $800 more than the trade in I got for it so somebody didn't make much on it.