re: Car dealers have so much backlog, some 2022s are "new"

quote:

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I wonder why they don't sharply cut the prices? At some point just cut your losses and move on.

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1) they do not want to lower the pricing floor as this will be going on again next year.

2) It is on the books as an asset and probably collateral, things can get messy when you choose to depreciate something(s) that is/are being used as a security deposit.