Bargains Aplenty Coming Soon - or - our resale prices are about to PLUMMET
Thread Starter
Super Member
Joined: Nov 2004
Posts: 527
Likes: 1
From: South Florida
'10 Panamera S, '06 AMG CLS55, '07 Miata MX5, '02 MB SPRINTER, '99 Spec Miata Race Car (2X)
Bargains Aplenty Coming Soon - or - our resale prices are about to PLUMMET
Guys
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
Two ways to look at it -
tough times for sure
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
Two ways to look at it -
- great time to buy is coming up real soon for all luxury cars, or
- I am about to take a major bath on the resale of my beast
tough times for sure
Junior Member
Joined: Oct 2008
Posts: 47
Likes: 0
2003 SRT10
Guys
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
Two ways to look at it -
tough times for sure
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
Two ways to look at it -
- great time to buy is coming up real soon for all luxury cars, or
- I am about to take a major bath on the resale of my beast
tough times for sure
.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
For someone like me who likes to trade in and out of cars every 12-18 months, its win lose situation. I get the deal on the new car but take a bigger hit on the trade and unfortunately the ACV of the trade is the large number drop.
MBWorld Fanatic!
Joined: Sep 2002
Posts: 3,679
Likes: 0
CLS55 AMG
Guys
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
we all know the economy is in the ****ter, but this shows just how much trouble and MB and others are in.
http://www.cnn.com/video/?/video/us/...h.imports.kcal
Guess thats why the Mannheim Auction prices on my vehicle (2006 CLS55 (Sticker $110k)) are now under $40,000 for a good condition low mileage car
Still, luxury cars (and items) right now are taking a hit, as they always do in a recession...this will be a worse recession than most of us have experienced, so the price hit will be correspondingly worse...the asset bubble is popping.
If you trade in on a used example of something else (or can manage to sell outright for a bit more) you will at least help to cushion the loss on your car by way of the lower entry price on the newer one...
But yeah, the luxury market is in the tank right now across the board, and will be for some time. A lot of people were just overextending themselves via using their homes as ATM machines via cashed-out equity which is disappearing in many places, or simply borrowing up to their eyeballs, difficult to do with banks tightening credit and less likely to happen in any case as consumers eyeball the stock and job markets.
It was a good ride up, but it was illusory, a credit binge...now comes the ride down.
