March 6, 2015

GREAT DEALS ABOUND – Plenty of opportunities that need careful vetting

 What’s a Deal? With cheaper gas prices, diesels have actually gotten cheaper and are still high on our value list right now. These are not the stinky and slow diesels of the past but clean burning, fuel sipping and amazingly lusty to drive. They also hold their value way better than the gas engine versions. Great values in just about anything European right now from VW Jettas and Passats to Mercedes GLs are great buys. 2012 and 2013 Mercedes C300 4Matics are so cheap right now and there is a ton of them at the auctions (591 sold in last few weeks at Manheim auctions alone) Chevy Suburbans and GMC Yukons are now approachable and are showing up in credible numbers at great savings when you compare them to new replacement cost. Almost anything that was expensive new other than a near-new Corvette or Range Rover are values.   What’s Overpriced? Subarus – every one of them are overvalued due to the shortage of new vehicles – in many cases you can get a Mercedes for the price of a Subaru. Full-size fancy trucks are still bringing crazy money. Jeep Wranglers,Toyota FJ Cruisers and Honda CR-Vs, Toyota RAV4s and highly contented low mileage Asian minivans all hold value. Honda Accords and Civics are overpriced when you compare them to Corollas, Sonatas, Altimas and Camrys. European wagons are in short supply and bring a premium over their sedan counterparts.
March 6, 2015

Greetings!

  This brutal winter has actually created a buying opportunity at the wholesale auctions. Multiple storms have dealers in the Northeast pinched for room for new inventory as well as deadening retail sales energy. These dealers are not showing up at the auctions in search of new inventory when they are having trouble selling and delivering what they already have in stock. This has not only had a stabilizing influence on prices at a time when prices traditionally rise but we are finding that there has actually been a lowering of prices. The lease companies and manufacturers still need to move inventory at auction and the buyers have retreated for the time being. We have been able to take advantage of this market aberration for some fortunate clients so if you are getting ready for something different you might want to give us a shout soon. However, we fully expect rising spring prices to return as the snow melts and folks recharge their buying desires. Hopefully we will have a few more weeks of these abnormally lower prices. Ganley Auto Advisors continues to evolve. We will be opening another office in Boulder Colorado later this spring that will be led by my son Will Ganley who has spent the last five years developing his skills as a technician at a Subaru dealership. Will has been hanging around auctions since he was a kid and has worked with me throughout the years. He will bring his expertise and calm energy to […]
September 26, 2014

Tidbits

“The industry continues to show incredible discipline when it comes to incentives.” TrueCar president John Krafcik $31997 is the average new vehicle transaction price with $2293 in factory incentives according to Edmunds. GM’s 2014 market share =17.7% as opposed to 24.5% in 2006. Nearly 1.6 million new vehicles retailed in August yielding an annual rate of 17.5 million new vehicles sold. 5% more new vehicles sold year to date in 2014 than in 2013. More trucks,SUVs and Crossovers have been sold so far this year than cars.  In September inventories of new vehicles is at the lowest level in the past 12 months -this will not lead to increased incentives. Did you know that Maserati Quattroporte and Ghilibi engine blocks are made in Detriot by Chrysler? NO FOOLING! “Fitch Ratings predicts that used car values to further weaken as off lease and fleet volumes rise and sales of new vehicles continue to be strong” according to Used Car News. LeRoy Walker ,the Edsel King, has sold 2300 Edsels to BF Salvage to be crushed. Don’t worry he still has another 300 of them. Some new vehicle stats in terms of days supply: Mini – 36 days supply, BMW SUVs -30 days,Dodge Caravan – 38 days, Jeep Wrangler -43 days,Ford Mustang -34 days,Ford Escape -39 days, Lincoln cars -99 days,Cadillac Escalade -31 days, Chevy Suburban -36 days,Acura TSX -23 days,Honda Accord -34 days,Honda Odyssey -35 days,Land Rover -18 days, Lexus SUVs -33 days,Audi SUVs -20 days,VW cars -104 days,Porsche SUVs -40 days […]
September 26, 2014

Great Deals Abound

 What’s a Deal? Diesels are still high on our value list right now. These are not the stinky and slow diesels of the past but clean burning, fuel sipping and amazingly lusty to drive. They hold their value when they get higher mileage way better than their gas engined counterparts.There are great opportunities right now to buy a diesel and we have scored a number of these recently at prices comparable to the gas engine versions. 2011 BMW 3 series are cheap right now – we are seeing 2011 328xi sedans with less than 30k miles miles and factory warranty trade for about $20k at auction – that is a lot of car for not a lot of money. They sold 305 of them at Manheim auctions last week. 2011 Toyota Camry LEs are plentiful -789 of them sold at Manheim auctions last week. We can buy them for about $12k with less than 30k miles. Nissan Altimas are thick -1032 sold at Manheim last week and the prices have eased – less than $12k for less than 20k miles! 2011 Infiniti G37xs and M37xs are priced right How about nicely equipped low mileage 2011 Mercedes C300 4matics trading for about $21k? Any European luxury vehicle including Mercedes GL450s, ML350s, E350s, Audi A8s, BMW 5 series, X5s, 7 series are all deals. Convertibles and sports cars are experiencing their end of season price swoon. If you are thinking about one for next spring you might want to reevaluate and look […]