Monday, February 18, 2008

Bentley GTs

The iLuxCars System is at its core a database. A pretty big database, by the way. Lots and lots of 1's and 0's. We're constantly mining this data trying to extract the nuggets of information out of it that will provide our members with something you can use when you have a customer in your dealership trying to make a deal.

Most of you have probably noticed by now that we're showing you real transaction data (and handy visual aids) for your vehicles in the system. We're also committed to turning this data into information – information that you can understand, and, more importantly, use to your advantage.

So, while you can look at the numbers yourself, here's a summary on one vehicle – 2004-2006 Bentley GT:

First, and this isn't surprise, but, we're seeing a strong downward trend in the 2004 and 2005 model year vehicles. The 2006 and newer models have stayed pretty strong, provided the color and mileage is acceptable. Prices on 2005s are fluctuating from $100,000 to $110,000 for cars that are good colors (Black, White, Moonbeam, Silver Tempest) and have less than 15,000 miles. Blue and green are less desirable. If the vehicle has the Mullinner package it generally adds between $5,000 and $8,000.

And here's one of those handy visual aids - a snapshot of average prices for the last 12 months:

Remember, these are real money prices - not our guess, not what we think the market is on the GT, but the real money. Wholesale, of course. Right out of our database. All part of the solution.

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