What are the legal criteria for defining inventory vehicles?
1 Answers
Vehicles unsold for over 90 days are classified as inventory vehicles, while those exceeding 180 days are termed long-term inventory vehicles. Below are relevant details: 1. Production nameplate: Each vehicle is affixed with a manufacturer's plate before leaving the factory. This plate contains information such as the vehicle model along with its production date. 2. Glass production date: The windshield typically displays the production date of the glass, which helps determine when the glass was manufactured and whether it has been replaced. 3. VIN (Vehicle Identification Number): The 17-digit VIN can be used to identify the vehicle's production date, with the 10th digit specifically indicating the manufacturing year.