Logo of the World Alliance (YMCA Archive, Geneva) In 1878, World Alliance of YMCAs offices were established in Geneva, Switzerland. Later, in 1900, North American YMCAs, in collaboration with the World Alliance, set up centres to work with emigrants in European ports, as millions of people were leaving for the USA.
The price gets reduced closer to the market average around weeks 3 and 4 and stays in that range until it hits the 60 day mark. Some dealers reduce the price once more at this point. However, the biggest reductions usually occur once the car has been on the lot for 90 days. Generally the vehicle gets reduced very close to cost once it hits the 90 day mark in the hope that it will sell without having to go to wholesale auction.
For each day that vehicle doesn't sell, the dealer keeps paying interest on that loan. The longer a car sits, the larger the interest cost grows. Dealers typically don't mind paying interest for 30 or even 60 days, but when the car has been sitting on the lot for 3 months, that's when they really start getting nervous. They start worrying about losing money on the car if they don't sell it soon.