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Originally Posted by mrcandyman  New refers to mileage. Cars under 2500km (in canada) are sold as new, I'm sure bikes have a similar mileage system. It is NOT a time system. A 50 year old bike can still be sold as new if it's never been over the mileage allotted.
The dealerships or financiers do liquidate the vehicles, which is why they drop in price when the years go by...they can not afford to say "ok, a year's gone by, the bike's now being sold for $1000 instead o $9000" that's financial suicide. |
...a 50 year old bike can be sold as new...roflol...maybe in Canada.
Vehicles can be sold as new in the states as long as they have never been registered/titled. Then they become legally used regardless of mileage. However a "new" never titled unit that was used by the GM as a demo car and now has a couple thousand miles is really no longer new even though it still has few miles. Enter program vehicles, I'm sure you've heard of them See, new for vehicles has both a time and mileage requirement. Everything else I'm sure only time applies. Who would consider a 30 year old unused washing machine new? I think the proper term is just that a 30 year old never used somethingorother. And as far as financial suicide, it would be if you let a product remain unsold for that long. Most if not all new dealers do not own their inventory, instead they use financial companies' money and pay a fee customarily referred to as floor plan. Thus the longer the vehicle stays on the lot the more it costs the dealer, and there's the incentive to liquidate. There are of course other incentives that have nothing to do with monetary gains, such as the manufacturer allowing dealers a limited number of special high end models directly related to how many generic models they sell, so dealers might reduce price and lose a little on those just so they can offer the high end models which usually come with premium prices.