Tuesday, September 30, 2008

October Market Report

Internet companies don't typically get to shake that many hands. In September, we changed all that – if only for a few of you. 

We took a trip to Florida. 

We met several new and existing iLUXCARS members.  One of the most interesting (and encouraging) things we saw was that the September Market Report was being used throughout the country.

We talked about iLUXCARS and what we're doing to help you make more deals. We talked about the value of information and the value of a guarantee. We talked a lot about the fact that with iLUXCARS, you do business with iLUXCARS – not individual dealers. 

And of course, we talked about numbers. 

Numbers are everything in our business. Seemingly small mistakes can cause large problems. iLUXCARS is dedicated to reducing mistakes by keeping you armed with the numbers you need to make good decisions.

The October Market Report is in the mail. If you don't for some reason get it in the next couple of days, please let us know and we will be happy to send you another. There is also a version available for download online. Simply login to your account and click on the large, friendly "October Market Report" link on your home page.

Finally, this month's report includes analysis of an additional $105 million worth of vehicles - all created over the last 30 days. We also increased the size of the report by almost 40% (22 new models). 

Friday, September 12, 2008

Bidding Closed

Nobody likes being a buyer at an auction. We know, because we've been buyers at auctions. You're either afraid to bid because nobody else is bidding, or, you're mad that someone is trying to outbid you.

Buying cars at auction, in our professional opinion, sucks. 

And it isn't just us that feels this way - a significant percentage of the iLUXCARS network feel exactly the same way. We know this because you've told us. In some cases you've told us often.

So, we solved the problem.

First, we streamlined the selling process to ensure that the only cars you see have a commitment to sell at a known price. (Read more: Big Changes)

Second, if you meet or exceed the asking price on one of the committed Live Trades in the system we close the bidding. Which means you can't be outbid. Ever. Problem Solved.

Simple, really. You bid the money. You win. 

Bidding Closed. Like we keep saying: Faster. Safer. Better.

Wednesday, September 3, 2008

September Market Report

The September issue of the iLUXCARS Update is in the mail. Most of you should receive it by Monday the 8th. If for some reason you don't see it let us know and we will be happy to send you another.

Starting tomorrow you can download the latest report by clicking on the link 'September Market Report' in the 'What's New' section of your home page after you login.

The Market Report is the result of almost $1 billion dollars worth of data on luxury and exotic vehicles. We summarize, analyze, and publish this report in order to provide you the essential information you need to make more deals.

This month's report is full of useful information - the most hopeful is that depreciation rates in August have dropped to a comforting 1.2% (on average) from nearly 3% in July. Ferrari and Lamborghini fared even better.

Also in August - We signed up our 1,000th dealer user! This is a milestone we're very happy about, and, it's good for everyone.

iLUXCARS is a network – and a network draws its strength,in part, from size. More users equal more cars available, more buyers for your vehicles, better money, and more ways for iLUXCARS to help you make your deal.