I sold it to this Land Rover AutoNation in Elmsford, NY back in March 2022 for $28k (essentially for residual and walked away). It need read door panel to be replaced plus over on miles.
I’m surprised by two things
Still sitting for sale at the exact same AutoNation dealership I sold it to (didn’t even try to send it to auction)
Price is still at $31k for Pure model…
I guess I definitely unloaded it at the right time.
From tax perspective I’m guessing it’s better to take it now to offset some of the profitable sales. I’m curious how many of these they have in their inventory and then how many dealerships are in a similar position. I didn’t see a franchise name on their website so maybe they are independent. Maybe Autonation is more disciplined with their inventory management, otherwise may be an opportunity to short their stock.
This is one of the reasons I didnt want to buy my S60 (as much as I love the car) for 34k from Volvo. These cars are going to be worth MUCH less in a few months as everyone scrambles to sell the metal sitting on their lots.
were BMW leases good in 2009-2011? feels pretty obvious now that the luxury market is feeling pain. Brokers on LH showing discounts from MSRP on Macan and Porsche now
wondering if credit tightens up for tier 2 / 3 + puts more power into tier 1 buyers
Interesting take on a “piggy bank” of unmet new version demand. Have to figure this would drive more trade ins if people can finally trade up when new cars catch up.
“We can estimate how much unmet demand has been building up. If actual demand would be on average in the 4.2-million-vehicle range per quarter, while supply has been in the 3.4-million range over the past five quarters, then each quarter, 800,000 vehicles get added to the unmet demand pile, which by now is around 4 million vehicles in total.”
Am i reading this wrong or did they sell less cars in order of maginute of few hundred thousands in 2022 then 2021 when we have better supply so more cars should be produced vs 2021 when places where still closed.
Overheard on r/askcarsales from a toyota rep that their allocations were way down for this quarter. Ofcourse that’s just one store but it lines up with your observation