Tuesday, January 18, 2011

Technology Advantage

Until iLUXCARS, establishing a legitimate value for a luxury trade was largely guesswork. Cross your fingers and hope your customer was flexible. The typical process involved a call to a friendly (and sometimes competitive) dealership and ask for their opinion.

iLUXCARS changed the entire model. Because of the advantage of our technology, you can get much, much better than an opinion about what your luxury trade is worth – you get a check writing number.

The even bigger advantage – you get your check writing number from the largest network of professional luxury buyers anywhere.

This month, with the exception of a few vehicles, prices were completely flat. We saw prices drop substantially on Mercedes Benz S63 and Porsche Panamera (12%).
We also saw drops in 9 other models – Ferrari, Bentley, and Aston Martin.

Compared with last month, overall average depreciation across ALL models is lower. Last month, overall average depreciation was 0.58% vs. 0.77%.

Just like last month, we don’t interpret any of the depreciation numbers as ominous. In fact, given what we’ve all witnessed over the last 2 years, we’re feeling more and more optimistic.

Remember, the Market Report prices, while intended ONLY as a guideline, do represent the real money on these vehicles today.

Average numbers are a helpful trend, but absolutely no substitute for careful research. Which is, after all, why you’re reading this report.

Also, even though this report is a great research tool, our strong suggestion is that you use the iLUXCARS System for accurate, up-to-the-minute research on every single deal.

Remember, iLUXCARS is much, much more than a way to value your trades – iLUXCARS is a complete solution; from the time your customer walks into your dealership, through getting paid and the car off your lot fast.

Complete and guaranteed.

Our goal is simple and consistent – help you make more deals. Something we’ve been doing for over 5 years. So, if you’re not already using us to value every single trade, this is a great time to start.

Advantage: Technology. Faster. Safer. Better.