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.
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 […]
February 18, 2014

Great Deals Abound

  – Plenty of opportunities that need careful vetting    What’s Hot! Diesels in a word! These are not the stinky and slow diesels of the past but clean burning and amazingly lusty to drive. There are great opportunities right now to buy a Mercedes or BMW diesel and we scored a number of these recently at prices comparable to the gas engine versions. 2010-2011 BMW 3 series are cheap right now – we are seeing 2010 328xi sedans with 20k miles trade for about $18k at auction – that is a lot of car for not a lot of money. 2011-12 Acura MDXs and Lexus RX350s are plentiful and excellent values 2011-12 Toyota Camrys, Hyundai Sonatas and Nissan Altimas are plentiful and the prices have eased – 1374 of the 2011 Camry LEs were sold last week at the Manheim auctions. 2011 Infiniti G37xs and M37xs are priced right How about nicely equipped low mileage 2011 Mercedes C300 4matics trading for about $21 k? These prices have been pushed down by the introduction of the very popular CLS. What’s Overpriced? Subarus – everyone of them are overvalued due to the shortage of new vehicles – in many cases you can get an Audi for the price of a Subaru. Full size trucks are still bringing crazy money Jeep Wranglers,Toyota FJ Cruisers and Honda CR-vs hold on to value big time Honda Accords and Civics when you compare them to Corollas, Sonatas, Altimas and Camrys Audi Q5s are popular and […]
October 17, 2013

Market Watch

Stable Markets   October is a favorite month because there has been an infusion of inventory generated by the natural maturation of leases and by trades on the closeout of the 2013 models and the introduction of the 2014s. In short, we have a window of opportunity. There has been a steady supply of lease and rental cars to the wholesale auction arenas. In fact, BMW and Mini have enough cars to sell that they are offering transportation incentives to dealers. Rental car companies have offered free float programs. We haven’t seen this type of activity in five years. We have seen some good value in the domestic nameplates due to the rental car turnover. Today’s late-model domestics have come a long way in terms of quality and value. I know that historically we have been attracted to the Asian and European models, but the time has come for careful consideration of some of these domestic offerings. Unfortunately, if you have a tired-out older car, you are not going to get a lot of money for it. The auctions are bursting with high-mileage cars and there is not a lot of enthusiasm for them in the market.   Wagon Heaven and More   We actually have a nice selection of hard-to-find wagons in our inventory that we are either selling for our clients or that we found at the auction. All of these are fully serviced and carry comprehensive warranties. Check these out: – 2006 Audi A4 Quattro 3.2 Avant […]