I recently saw 3 semi loads of Artic Cats hauled away from a dealer and I wondered if they take them back to the factory or other dealers or auctions or......
What do manufacturers do with the sleds they repo from their dealers?
- Thread starter revpilot
- Start date
Last winter a lot of Cat dealers in Minnesota (and I assume elsewhere?) were blowing out 2006 Crossfire 700's for like $5000-$5500 which I believe where from other dealers.
Chris.
Chris.
i assume the sleds belong to the floor plan lender...which would be the same lender for all the cat dealerships...i think probably Cat is in the clear..???
Hmmm, sounds like a good deal for surviving dealers. My buddy paid $2500 to ship his $500 car to Hawaii, 50 cars must have been a ginormous bill!
The flooring company is in the clear. They have an agreement with the manufacturer that if the dealer goes out of trust, the manufacturer must buy the product back. I don't know what the mfgr does with them after that, but I know GE and Textron get their $ back (other than what the dealer has sold and not paid for).
Just watched a flatbed truck pull up and load most of the sleds from a dealer here in Libby... dunno where they went tho
They all go into my garage where I stock pile them by the hundreds.lol
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XC700116
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From what I've seen in the past, most go to other dealers that want them normally at a good price. Then what isn't scooped up goes back to the Mfg. My brother bought a Arctic Cat 4 wheeler through a friend that worked at the factory via this kind of deal. It was at a dealer that went under and returned to the factory as overstock that no other dealers wanted. (2 yrs old still in crate) They then sold them cheap to employees with no limits on numbers or the normal deal where they have to keep it in their name for a year. Most of the time though a dealer will take them once the price goes low enough.
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Gimpster
Guest
I purchased one of my Cats once from Arctic Cat Salvage. A simular deal happened where sleds went back to Cat from a dealer. A notice (list) of sleds was sent out to dealers back then on what was available to purchase from salvage. Don't know if they still do it that way or not for sure. I haven't worked for a Cat dealer for a while
----- Gimpster -----
----- Gimpster -----
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big_wally81
Active member
sounds like cat shops are dropping like flies!!! had both of the dealers in duluth area go out of business last month!!!
When yamaha repos sleds they take them back to a regional warehouse and then have an auction with other dealers. In the past this was an invite only deal and you had to be there in person to buy them. Thats when you got great deals. I bought two sleds that way, a 02 MtMax and a 04 warriror. Now they changed it so any dealer can bid on them and its done online. Sale prices went way up. Eric
Anchorman has it right. The manufacturer is responsible to repo the inventory and refund the floor planning company for the items removed from the dealership.
The manufacturer then liquidates the repossessed inventory at a substantial discount.
Arctic Cat is sure jumpy. Some of the dealers they've repoed sleds from still have a full line of Yamahas and or Ski-Doos. I'm imagining the other guys aren't getting paid either but they're sticking with their dealers. Bad deal for everyone except maybe the few dealers that are doing well and getting cheap inventory. (I don't know of any that are claiming steller sales) I can't see it being good for mountain riders except maybe picking up last years stuff cheap. Manufacturers are going to be as interested in building mountain sleds as GM is interested in building more Hummers.
Actullay the mountain segment is probably much better off than short tracks due to the economy of the areas. Michigan Ohio and PA are in real bad shape, New sales there are bad, plenty nearly new repo machines to buy. Economy in mt states not hit nearly as hard --yet.
Once Obama puts shuts down oil and gas and "bankrupts coal" then the mt sales will stop also.
Once Obama puts shuts down oil and gas and "bankrupts coal" then the mt sales will stop also.
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Rob1334
ACCOUNT CLOSED
Wow, 16 posts before Obama was brought into it.
I know some dealers do trading for inventory too, sometimes trade a bike to another dealer for a quad and such. Neighbor bought a sport bike and instead of buying it from the other dealer, the dealership he worked at traded a quad for it and then bought it where he worked. Maybe some trading in the spring to move inventories at different places?
I know some dealers do trading for inventory too, sometimes trade a bike to another dealer for a quad and such. Neighbor bought a sport bike and instead of buying it from the other dealer, the dealership he worked at traded a quad for it and then bought it where he worked. Maybe some trading in the spring to move inventories at different places?
