What Does Sold Order Mean On A Car?

"Sold order" is a term used by some automakers to indicate a vehicle was custom-ordered. Now that more new car shoppers are opting to order their desired car or truck amidst an inventory shortage, "sold order" could be a phrase used considerably more often as it becomes harder to find the car you want in stock at dealers.

While not every brand offers factory orders, the term sold order is one often used by GM to signal the difference between a regular stock vehicle ordered by a dealer and one ordered by a specific customer. This is different from a reservation, which may only reserve your place in line until official ordering for a vehicle opens up.

The lead time for a sold order may depend on the model and brand you're buying from. For example, BMW factory orders have traditionally featured a 2-3 month wait for custom-ordered cars. However, a chip shortage has wreaked havoc on supply chains and your dealer will undoubtedly have the most recent information.

Some manufacturers are making dramatic changes to how they decide which cars to keep in stock. For example, Ford will soon reduce the number of stocked configurations by up to 80%. As a result, placing an order through a local dealer could become your best bet for getting your hands on the car or truck you want.

More automakers are paying buyers to wait during the inventory shortage. For example, GM is offering incentive protection to pay the difference if rebates go down. Similarly, Ford is offering a custom-order discount worth up to $1,000, and brands like Audi are offering rate-lock deals so you can enjoy current interest rates.

Learn More About Factory Orders On Cars