Wednesday, December 2, 2009

Two For One

If you missed last month’s Market Report you certainly weren’t alone. We missed it as well. So this month’s report has numbers for both October and November. Two for the price of one.

We decided to take this opportunity to officially change the way we name the report so that November’s report (this one) will have November’s numbers.

Not to make excuses, but the truth is, we’ve been pretty busy. The number of iLUXCARS members is up slightly and their activity has increased as well.

We’re starting to see activity levels on the system return to their pre-crash levels. In general, this is reflected in the numbers.

Overall average depreciation for the last 6 months is a comfortable .25%. We actually had to re-run our calculations as we didn’t believe it. Comfortable.

What this means is that in June, July, August, September, October, and November prices are more or less flat. You may all breathe a collective sigh of relief. We’re nearly, dare we say, optimistic.

Remember that in June, for the first time in the history of this report (17 months now), prices actually went UP.

The July through August story was slightly different than June, but still a very reasonable month. Of the 87 models, 29 had a drop in value (33%). There were 3 models where prices rose, again.

In November, all of the Rolls Royce models have fallen (average of 3%). Bentley had some models drop, (Arnage, GTC, GT Speed), but nothing terrible.

The average isn’t all that meaningful, but it’s an interesting gage. While some models dropped 4% or more in a single month, the vast majority of the models we track didn’t change at all.

Remember, iLUXCARS gathers the data and publishes this report directly from the iLUXCARS System. In other words, this is not our opinion. The Market Report prices, while intended ONLY as a guideline, do represent the real money on these vehicles today.

Our goal is simple and consistent – help you make more deals. Something we’ve been doing consistently well, according to our users, for over 5 years.

Like we keep saying – Faster. Safer. Better.