05-12-2019, 12:40 PM
(05-12-2019, 10:09 AM)LongRanger_imp Wrote: No other fees. Tax only.
I'm guessing these bikes were sitting in the Honda warehouse and the dealer was able to buy them for pennies on the dollar, just to clear them out. I'll bet other dealers have similar inventory.
Honda pays for warehouse space on their inventory, so unsold inventory costs them money monthly. They drop prices on non-current models gradually, but at the 5-year point, they will cut prices to the dealers (and sometimes to other Honda distributors overseas) dramatically, and they are usually gone in minutes.
What often happens at dealerships is that they have unsold models that sit around a couple years, Honda drops prices on their own supply of the same models dramatically, and the dealers can't sell their older inventory except at a loss. So rather than show a loss on a sale, sometimes bikes are "lost" in limbo at the dealership.
I'll bet there are many dealers who had unsold 2014 Standards, bought at the original higher price, who are waiting for the discounted ones to get sold first, so they can try to sell them at the higher price