Used Toyota Truck Dealer Lots These Days

I live in the country and the nearest Toyota dealer is a 40 mins drive away.
I went into town shopping and passed by the Toyota dealer in town.
I was curious to see a 2022 Tundra in person.
So I circled around to the part of the lot where the used vehicles were, and noticed three pickup trucks there.

A Dodge Ram, A Ford 150, and an Older Tundra DC.

I am very aware of the "Used" Situation but to see this in person was very surprising still.
Resembled a generic Used Truck scene. Not Toyota. I should have taken a picture.
Is this consistent with other dealer lots Canada and US ?

 

Yes

 

My local dealer is putting used vehicles in his showroom these days...very little new inventory.

 

I don't get it...

A used car dealership selling random used cars is rare?

I live in a city with a huge Navy presence. There are hundreds of car dealers like this. Imagine opening Craiglist and search "car for sale", that is what the lot looks like.

 

Oh yeah. The local dealership actually has several Tundras, but that's simply because a buncha people traded in recently.

 

I have a 40 year + car history with the GTA - Greater Toronto Area = 6 million plus.
My personal experience prior to moving away was Toyota always sold Toyota Certified Used vehicles, maybe the odd sprinkling of Hondas.
All others were sent to wholesale.
All these trucks I saw were older, had a few years on them. In past it was always 1-maybe 3 year old vehicles in age kept at Toyota.

A family member late last year traded in a 4 year old Subaru STI Sport Tech on a used 4Runner at the Toyota dealer.
The Subaru ended up in the Toyota New Car showroom.

 

Like the other poster said.

New dealers are keeping other used brands on the lot instead of wholesaling or moving them to their other brand lots due to no inventory of their main new brand.
Most dealers always have a couple used off brands anyway, but now that's most all they have.

They are just doing anything they can to sell vehicles, any vehicles.
I also see almost no salespeople at the new dealerships, no vehicles to sell, no work, no jobs.

 

Many dealers do not really sell most of the trades that they take anyway.
For years they have bought cars from all over the world at auction and from each other to try to stock the lot with stuff that they feel their demographic wants rather than the ones they no longer want from trade-ins.

This worked well for everyone up until 2 years ago.

Now Dealers here with seperate New and Used lots are closing the Used side as they just have no cars and do not want to pay or have salespeople standing around with nothing to sell.

I do some work at several Dealers and none have a single car on the lot often for weeks at a time for the last 2 years.

 

I agree, that was very typical for the area, back before all the shortages. I think they keep stuff around now rather than wholesaling it.
1 dealer has a bunch of traded in cars sitting on the used lot, but not listed on their website. - been like that for a few weeks. Maybe just for the optics of looking like they are still full of cars.

 

So earlier today a dealer, this time not Toyota offered me $1000 more for my 2018. From the previous best offer.
But they can't give me a date to get a truck in so its a moot point anyway. I feel any time frame like 4 months + is a guess. At this point they can't even give me that with everything that is going on. And now with the US Canada Borders closed with the Covid protests.
attached pic shows the Ontario plants now at reduced capacity.

I have had a lot of vehicles. Its a very strange feeling to have a depreciating asset like a truck out perform blue chip stocks.
I know its just a theory number until you actually sell.
In fact, in this Green Movement, Electric Vehicle Push World, my Oil Producing stocks, and my gas guzzling truck are my best performers.
Strange times.

 

Yeah, the protests are messing with all! Toyota Woodstock is also either reduced or stopped due to supply issues as a result. A terrible time for anyone ‘needing, a new vehicle that isn’t already sitting on a lot