New old stock (NOS), or old stock for short, refers to aged stock of merchandise that was never sold to a customer and is still new in original packaging. Such merchandise may not be manufactured anymore, and the new old stock may represent the only current source of a particular item.
retrieved on 2008-10-20. There is no consensus on how old a product must be to be NOS, and some people reserve an NOS label only for products that are actually discontinued. Although not an officially recognized accounting term, it is in common use in the

auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from th ...

and

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

industries. For example, owners of classic, vintage, and antique vehicles or other machines seek NOS parts that are needed to keep their bicycles, automobiles, motorcycles, trucks or timepieces operational, or in factory-original condition. These owners put a premium on NOS parts. Another definition of NOS is new original stock, referring to aged original equipment parts that remained in unsold inventory. This inventory may sell at a premium in a vintage or collectables market, such as among antique vehicle collectors where enthusiasts seek to repair their vehicles with original parts.

References

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See also

References