Wednesday, December 2, 2009
Two For One
Tuesday, July 21, 2009
Resiliency
We realize this is becoming a bit of a habit, but we’re a little late again on this month’s report. However, this time it’s on purpose as it has been less than a month since the pricing guide numbers were recalculated.
We think you’ll be glad we waited.
First, we’ve added 6 new models to the report – Bentley GT Speed, Bentley Brooklands, Aston Martin DBS, Maserati Gran Turismo S, and Mercedes SL 63. We add new models when we’ve seen enough of them to have good data to use when calculating the report.
Second, we’ve added prices for several of the 2009 models to this month’s report. Again, we do this when there are a reasonable number of cars going through the System so that we can calculate the numbers with some degree of accuracy.
We’re also doing something that we haven’t done much since we started publishing the report – we’re raising prices on several models.
That’s right – you didn’t misread that – prices, at least for 10 of the 87 models in the report, have risen an average of 3.7%. You’ll see this in the Average Depreciation column as a negative percentage (-3.7%).
What’s more, the majority of the models in the report haven’t fallen. No change at all. Of the 87 models in the report, 64 (73%) have stayed exactly where they we’re last month. Like we said last month, this is very good news.
The iLUXCARS Network is a small, but specialized marketplace. It isn’t a complete bellwether of the overall economy, and we certainly can’t predict what’s going to happen to the overall car market. But we can say with some certainty that the luxury and exotic market is showing signs of true resiliency.
The world, at least our world, is on the road back to normal. Resiliency.
Remember, the idea of this report is to give you a general guide to the current wholesale market. If you are in the process of making a deal then you need to submit your car to the system. Every time. There is simply no reason to risk it.
Look, if you are in the luxury and exotic market then iLUXCARS should be the tool you use to manage your wholesale trades. Period.
Like we keep saying – Faster. Safer. Better.
Monday, June 22, 2009
No News
We’ve just published the June Market Report and we’re very happy to report that prices, at least, haven’t moved substantially in the last 6 weeks.
So, while most of our battered industry continues to struggle, our little segment – luxury and exotic wholesale – has been thankfully quiet. This lack of bad news is, at least in our opinion, very, very good news indeed.
Many of you have been using the iLUXCARS System successfully since we’ve started. While we’ve been saying that iLUXCARS is the best way to manage wholesale luxury, the fact that we’re still doing it, nearly 4 years since we started, is testament to how right we are.
iLUXCARS works for three very simple, very important reasons:
Reason #1 – The Network always knows the current value of a trade. You may know your local market, but you can’t possibly know the market in the entire country. The Network is never wrong.
Reason #2 – When you sell your car through iLUXCARS you get paid every time. WE write the checks. Every. Single. Time.
Reason #3 – iLUXCARS removes the risk associated with buying. Times are tough, especially in our business. The one thing you don’t need is more risk.
For almost 4 years – Faster. Safer. Better.
Thursday, April 23, 2009
April Delay
Yes, we managed to publish the April report almost three weeks late this month. The result of this is that several of the new values (marked Mar-09) actually reflect about 8 weeks worth of depreciation versus 5 weeks. We will make a solid attempt to be on time for next month.
Also, we have eliminated the iLUXCARS Appraisal from the submission process. This means that every car you submit will immediately be broadcast to interested dealers nationwide. This was a highly requested feature and after much thought and discussion we’ve decided to try it out for a while.
Just as a reminder, this market report was created to be used by dealers as a quick reference to what cars are doing on a national scale. Our appraisal function did the same thing on an individual car basis, but for many of you, it was a hassle.
Most of you were treating the appraisal number as a buy bid anyway – at least those of you who have been part of the network for a while, and the rest of you were either confused or annoyed by the extra step.
Starting today you won’t need to go through this extra step. When you enter a vehicle it will automatically be a Live Trade. When you get a bid it will be real money.
Faster. Safer. Better.
Monday, January 12, 2009
Our Mission
- Direct access to a full-time, professional, expert account manager.
- A complete infrastructure for managing every transaction you do with us.
- A 100% risk-free environment for your trades. We cover everything from the time the car is described until it arrives at your dealership. Payment, Shipping, Condition. All risk-free.
- The iLUXCARS Market Report - the only pricing guide available with real values on luxury and exotic vehicles.
- An unlimited number of iLUXCARS Appraisals. The only safe way to start your deal with a real number to give your customer.
- Access to a nationwide network of luxury and exotic Live Trades.