Friday, April 29, 2011

April and May

This month's Market Report is the combination of both the April and May Market Report. The actual pricing numbers represent a period of about 6 weeks overall. Both March and April numbers are included but are identical.

The Market Report relies on the data from live transactions that take place within the iLUXCARS network through the iLUXCARS System. In most cases, prices can be established using standard statistical methods and iLUXCARS established pricing algorithms, but sometimes we look at individual deals to make sure that the transaction is a representative transaction.

We do all of this to ensure that the prices in the report are much more than simply accurate, we want to be certain that this report is essential. While we make the report available to iLUXCARS Network members, we understand that both the distribution and the influence of the iLUXCARS Market report is much more widespread.

The important point of all of this is for you to understand that the reason we have published this report for the last 3 years is to help our Network members do one very important thing: make more deals.

The iLUXCARS Network continues to expand its membership. We've added iPhone and Andriod support that more of you are taking advantage of every day. A surprising number of our members took advantage of last month's iPad promotion (if you haven't received your iPad yet please be patient, we're working getting them all shipped out).

For the most part, prices this month continue the comforting trend of not doing anything. We did see some fairly large drops in 2 Bentley models and the Maserati Quattroporte Automatics.

In both cases we believe that these shifts represent reasonable adjustments in current market conditions and we don't expect large changes to happen over the next several months.

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.

Like we keep saying: Faster. Safer. Better.