What happens to things like vehicles and appliances when a new model comes out and they haven’t sold out of the previous model?
In: Technology
Usually the price drops but they are still available to buy. Either they will eventually be sold for parts or cheaper options the new newest model. Depending on the product either the demand will stay and they’ll sell for close to the original price or they will sit there slowly losing value until they are sold off with reasonable discount or the place selling them goes bust and sells everything for whatever they can.
Latest Answers