Friday, February 19, 2010

Fresh Powder

Between the remodel of our corporate headquarters and all of the trade activity this month, we fell a little behind with the Market Report. We know, this is becoming a habit.

We also know that there has been some confusion over the fact that we’re now naming the market report for the previous month’s numbers. Last month’s report, released on January 4th, was the December market report. This month’s report is the January report. 

Like we said last month, we’re starting to see activity levels on the system rise. The number of new dealers signing up is very high, almost matching our peaks in 2007 and early 2008. 

January prices overall were very steady. The only noticeable dips were isolated to 4 makes: Bentley, Ferrari, Mercedes, and Rolls. Mercedes and Bentley were something of an anomaly – we saw CL65 numbers down $10,000 in a single month. For Bentley, both the Fixed Head and Drop Head were down, Fixed Heads by over 5%. 

Overall depreciation for the month was a modest 0.5% on average – basically flat.

Remember that in June of 2009, for the first time in the history of this report (19 months now), prices actually went UP. 

If you’ve been reading this report for the last 19 months (and who hasn’t) the one thing you’ll notice is that every month is a little different. For example, there are some months–December–where you really didn’t want to own a 612. This month, you’ll probably want to sell that CL65 you took in last month.

Of course, this is another great reason to continue use iLUXCARS. The real value in the iLUXCARS Platform is that it dramatically reduces your risk. If you aren’t putting every trade into the system immediately then you are living very dangerously.

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.