MB sales in Nor Cal Silicon Valley Weak
04-12-2008, 03:50 PM
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07' S65 Flint Grey/Black Interior all options, C350 SFA Edition DD
MB sales in Nor Cal Silicon Valley Weak
I went in to pick my car up after they replaced oil pump in my C350 and ran into my sales guy. He has been at the MB only dealership for 3 years and has sold me 3 cars during that time. He told me that some days he doesn't even speak to a person regarding a new car purchase. I guess things are slowly down in the $50K-80K range really fast. His average monthly sales used to be 10-15 cars a month. March he sold 3. Ouch!!!!
They are practically selling low mileage 2007 and 2006 for about 1K over wholesale just to move inventory. They sold a 2007 S65 like mine fully loaded with 5k miles for $159K last week. He said they would have gone down to $153K if the guy pushed back harder
They are practically selling low mileage 2007 and 2006 for about 1K over wholesale just to move inventory. They sold a 2007 S65 like mine fully loaded with 5k miles for $159K last week. He said they would have gone down to $153K if the guy pushed back harder
04-12-2008, 05:06 PM
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+1 yep the economy is getting bad instead of spending people are saving and trying to pay off debt. I kind of think its good MB will come out better(elite status). Its not really slowing down over in UAE they buy them up like crazy money is no object.
04-12-2008, 07:40 PM
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MB w204 C300 Sport, Audi B7 A4 2.0TQ, Porsche Cayman 981
my sales rep told me the average days in inventory went from 3 days to 8 days for the c-class (Pleasanton, CA)
that sounds significant, but that's still pretty damn good considering the weak economy. i think sales are decent for this dealership cuz there aren't many MB dealerships in the east bay area.
that sounds significant, but that's still pretty damn good considering the weak economy. i think sales are decent for this dealership cuz there aren't many MB dealerships in the east bay area.
04-12-2008, 10:31 PM
#6
They will divert production to areas of the world that are doing better economically. That's what Porsche is doing - US sales are down, weak dollar, they just send their cars to other markets. With $110 oil, and corporate offshoring continuing unabated - its not hard to figure out where the global wealth flows are heading.
American consumers were doing fine when "free money" was available to them via the bubble in home prices coupled with easy availability of equity loans. With that gone, consumers now actually have to rely on their incomes to determine their purchasing power (what a concept).
American consumers were doing fine when "free money" was available to them via the bubble in home prices coupled with easy availability of equity loans. With that gone, consumers now actually have to rely on their incomes to determine their purchasing power (what a concept).
04-12-2008, 11:12 PM
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2010 Prius & Miata MX5 PRHT, 2010 Toyota Venza AWD, 05 C55 AMG, Yamaha 1100 Custom, Honda 250 Reflex
