G63 CDN price increase for 2020
10-26-2019, 12:08 PM
#26
If you look at the current pre-owned market there are currently 4 G63’s listed Canada wide on Auto Trader..all of which have several thousand kilometres and all selling for an average of $255K
Assuming a 2019 well optioned build was around $200K, that’s a $55K premium. I think it’s fair to say that buying the MY2020 at $220K and selling it a year or two later with relatively low mileage it would hold value fairly well...at least that’s my thought.
I have also taken substantial depreciation hits on luxury cars in the past...but that’s something we are all aware of when driving these cars...I think in the luxury segment the G63 fairs a lot better than most and should continue to do so even with this price increase.
Assuming a 2019 well optioned build was around $200K, that’s a $55K premium. I think it’s fair to say that buying the MY2020 at $220K and selling it a year or two later with relatively low mileage it would hold value fairly well...at least that’s my thought.
I have also taken substantial depreciation hits on luxury cars in the past...but that’s something we are all aware of when driving these cars...I think in the luxury segment the G63 fairs a lot better than most and should continue to do so even with this price increase.
thanks
10-26-2019, 12:11 PM
#27
If you look at the current pre-owned market there are currently 4 G63’s listed Canada wide on Auto Trader..all of which have several thousand kilometres and all selling for an average of $255K
Assuming a 2019 well optioned build was around $200K, that’s a $55K premium. I think it’s fair to say that buying the MY2020 at $220K and selling it a year or two later with relatively low mileage it would hold value fairly well...at least that’s my thought.
I have also taken substantial depreciation hits on luxury cars in the past...but that’s something we are all aware of when driving these cars...I think in the luxury segment the G63 fairs a lot better than most and should continue to do so even with this price increase.
Assuming a 2019 well optioned build was around $200K, that’s a $55K premium. I think it’s fair to say that buying the MY2020 at $220K and selling it a year or two later with relatively low mileage it would hold value fairly well...at least that’s my thought.
I have also taken substantial depreciation hits on luxury cars in the past...but that’s something we are all aware of when driving these cars...I think in the luxury segment the G63 fairs a lot better than most and should continue to do so even with this price increase.
I would say 70% + of G63’s that are being sold currently in Canada are being exported to China.
Historically G’s have held very well. Probably better then any other vehicle on the planet.
The real winners in this whole situation are the ones who bought 19’s ( actual customer’s not people who will flip it to exporters).
I also predict that older ones (17MY , 18MY etc) will creep back up in value
10-27-2019, 12:24 AM
#29
well at least that’s reassuring it’s also what my dealer told me but, in your opinion was anyone you think aware of this price increase at a dealership level before pricing came out officially ? Because my dealer really tried to make me sell them my 19 and get my money for it but then put me on a 2020 allocation which I didn’t expect would be such an increase
thanks
thanks
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Surge (01-26-2020)
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johnnyderm (10-31-2019)
10-30-2019, 09:30 PM
#32
I find it counterintuitive that the significant price increase of the MY 2020
modwls will adversely affect the resale prices of the 2019. On the contrary it will enhance the resale.
modwls will adversely affect the resale prices of the 2019. On the contrary it will enhance the resale.
12-30-2019, 03:58 AM
#33
01-22-2020, 07:47 AM
#34
Member
Placed order yesterday
After a terrible ordeal last year at one of the local dealerships charging unnecessarily for placing a deposit on a G63 and insane terms on financing...
I chose to goto a new dealership and start the process again. No upsell, payment on my own terms, cash or finance.
MSRP $195,900
Written assurance from GM I will get my order a year from now, no later!
No more designo, only manufaktur.
I chose to goto a new dealership and start the process again. No upsell, payment on my own terms, cash or finance.
MSRP $195,900
Written assurance from GM I will get my order a year from now, no later!
No more designo, only manufaktur.
01-23-2020, 10:41 PM
#36
Junior Member
01-23-2020, 11:08 PM
#37
Super Member
Thread Starter
I placed my 2020 order in November or end of October - put the remaking 5k deposit with it - build date was last week of January 2020.
I am curious if the dealership tries to tack on another 6k. I paid the 23k bump for 2020 already. Now another 6k?
I am curious if the dealership tries to tack on another 6k. I paid the 23k bump for 2020 already. Now another 6k?
01-23-2020, 11:17 PM
#38
More than likely unless the dealership wants to eat it......
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jn66 (01-23-2020)
01-23-2020, 11:20 PM
#39
Super Member
Thread Starter
01-24-2020, 09:33 PM
#40
Junior Member
Believe me they would add 6k for G63
01-24-2020, 11:11 PM
#41
Super Member
Thread Starter
01-25-2020, 08:38 AM
#42
Member
pretty awesome your 2 month wait from ordering to build date though! Got me excited now lmao
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jn66 (01-25-2020)
01-25-2020, 08:44 AM
#43
My car is already prepped the contract is ready I’m supposed to pick it up Monday only with the 24k price increase, they tagged and tinted the vehicle already you guys think Monday they are going to ask for another 6k??
01-25-2020, 08:52 AM
#44
Member
If you are financing the vehicle and you have signed all your contracts including your bill of sale then they probably can’t because they might put you under 2019 order or allocation
01-25-2020, 08:55 AM
#45
01-25-2020, 08:56 AM
#46
Super Member
Thread Starter
01-25-2020, 08:58 AM
#48
Member
01-25-2020, 09:00 AM
#49
01-25-2020, 09:12 AM
#50
Member
