
Los Angeles-based car YouTuber effspot stumbled across something we’ve heard about but haven’t been able to dig up solid evidence of: dealerships are hiding a ton of new inventory in secret locations. Now you might think these dealers are putting their overstock vehicles in some secure location like a warehouse or locked lot, and some definitely are, but effspot found hundreds of Jeeps, Dodges, Rams, and Chryslers stashed in a public parking garage, all apparently put there by just one dealership.
This is a potentially interesting find. How common is this?
Dealerships have been running this scheme for months and months, but it’s starting to fall apart despite some media outlets trying to claim there may be no return to normal for the car market. Instead, both the new and used markets are going in only one direction: down. Just how quickly and by how much remains to be seen, but don’t believe car dealerships have hardly any vehicles and need to overcharge you big time for the privilege of new car ownership.
So we go from one parking garage is “dealerships have been running this scheme for months and months”? Roughly 51 seconds into the YouTube video, the maker says “these dealerships, or at least this particular dealership” has engaged in these practices. Later, at 5:52, he asks whether this is happening around the country.
This does not necessarily mean the larger argument is not true. But, the evidence presented here shows one parking garage and cars from one dealer. How broad is this practice? We do not know from this video and story.
This might just be the daily story of the Internet and social media. Interesting things are posted. Information is shared. People describe their experiences. But, it is difficult to know how this matches larger patterns or not. An individual reader might be able to make connections across stories. Or, people online could connect the dots for others. For example, others could make videos on YouTube detailing their finds of auto inventory in different locations. Sometimes these connections are made, often they are not. The next day comes and there is more information to process and relatively little that helps fit all the pieces together.