If you’ve seen our selection of used cars in Milford, DE, you may wonder, where do we get our models? Many come from trade-ins, but they also come from wholesale dealer auctions and directly from other dealerships.
Trade-Ins
Of course, the first place dealerships like ours get our used cars is through trade-ins. However, not all vehicles accepted as trade-ins go directly onto the lot. Only the best vehicles that have been thoroughly tested and have undergone a complete check-up end up being directly sold. Otherwise, vehicles are sold to wholesale dealer auctions, which make up another important source.
Wholesale Dealer Actions
The most significant source of vehicles for used car dealerships comes from auctions. There are two kinds of auctions: closed, “dealer only” auctions only available to specialized dealerships, and open auctions, which any car dealership can attend. Most of the best models, including those that will become Certified Pre-Owned vehicles, are bought during closed auctions.
Other Dealerships
If a dealership receives a trade-in that doesn’t fit with their brand, they may offer it to other dealerships before putting them up for auction. This avoids the auction fees for the buyer and the seller, which means they may end up with a lower price. By buying directly instead of going to auction, dealers can snap up the best used cars instead of having to fight with other dealerships for them.
Regardless of its source, every used vehicle for sale at our dealership must pass the most rigorous of standards. Come down to I.G. Burton Chrysler Dodge Jeep® RAM of Milford and see our inventory today!
