Stocking Loan on Car I thought was a Main Dealer Part Ex

[hal3210]

I've recently returned to the motor trade and I've just carried out an HPi check on a BCA auction car I'm interested in before the sale. I assumed it was a main dealer PX from the line it is in however the HPi has come up with a dealer stocking loan on it. I've never come across this before when HPi-ing an auction main dealer PX car.

Does this mean that the main dealer bought the car in for stock (using the stocking loan) and has now decided to stick it in the auction (possibly because he found something wrong with it!) or is it common for main dealers to use stocking loans to buy their PXs? I just naturally assumed that if the car was a main dealer PX it wouldn't have been bought with a stocking loan.

If the main dealer has bought the car in for stock and has now put it in an auction it doesn't bode too well!

Much appreciate any advice and experience of this. Cheers for your help

[duckwhistle]

Ask on https://forum.cardealermagazine.co.uk/ lots of help there.

[FourGears]

Could be any number of reasons.

Cashflow so stick everything on stocking regardless. Been there done that
Overage retail car sent to trade
Error by sales admin
Cant shift car at auction so has been stuck on stocking.

Car is wk been inspected and sent to auction.