: 4 V's up on Adesa Auction closing April 1st



StealthViggen
03-26-09, 01:12 PM
First ones I have seen. I'll let you guys know the wholesale prices when they close.

LITTLEELVISDAN
03-26-09, 04:08 PM
What the F good is this? You have to have a dealer license to join. Dealers already know all the numbers. This does nothing to inform non delaers.

Nutz
03-26-09, 04:23 PM
2009's??

LUVMY04V
03-26-09, 04:25 PM
What the F good is this? You have to have a dealer license to join. Dealers already know all the numbers. This does nothing to inform non delaers.
Wow your kinda slow huh?

Ever think people might want to know what a dealer is making on them when they walk in to buy a new V :thepan:

Dark SSide
03-26-09, 04:58 PM
Please let us know.

Hawkeye2
03-26-09, 05:01 PM
Wow your kinda slow huh?

Ever think people might want to know what a dealer is making on them when they walk in to buy a new V :thepan:

I believe the mark up is around 8%.

ExtraV
03-26-09, 05:23 PM
Is that a used car auction for dealers, or new car, or both?

OldRoadDawg
03-26-09, 05:33 PM
Is that a used car auction for dealers, or new car, or both?
"Previously Owned'

CIWS
03-26-09, 05:44 PM
I would be interested to hear what state the cars are in (repairs/mileage/etc) and what they are going for at auction. Thanks for any info. :)

Jon
03-26-09, 06:36 PM
Manheim have any?

LITTLEELVISDAN
03-26-09, 09:34 PM
Him letting us know this round is cool, but us going to the website doesn't do any good. There are other cars I would like to know about and in 6 months I am sure the number given at close of auction this week will change next week and the week after that.

Thats my point, it's a one shot deal this week only.

StealthViggen
03-26-09, 10:16 PM
I never said you all could go bid on them, as yes it is only for dealers. I just wanted to give you a picture of what wholesale prices are. Most dealers will charge 6-8% markup as profit. The 4 up for auction range between 130 miles and 5500 miles. I also seemed to have missed 2 that closed last week. One closed at $47,500, the other at $50,200. I would expect these 4 will close somewhere around the 47-48K mark. In 6 monthes these will be in the low 40's based on a 2% per month depreciation

chrisminshall
03-26-09, 11:51 PM
Are any of them loaded?



I never said you all could go bid on them, as yes it is only for dealers. I just wanted to give you a picture of what wholesale prices are. Most dealers will charge 6-8% markup as profit. The 4 up for auction range between 130 miles and 5500 miles. I also seemed to have missed 2 that closed last week. One closed at $47,500, the other at $50,200. I would expect these 4 will close somewhere around the 47-48K mark. In 6 monthes these will be in the low 40's based on a 2% per month depreciation

Tasos
03-27-09, 12:32 AM
Is it me or are these cars already depreciating very quickly?

JEM
03-27-09, 01:05 AM
Is it me or are these cars already depreciating very quickly?

In the current economic climate, with new examples readily available off-the-shelf at dealers, that's not surprising.

Razorecko
03-27-09, 10:55 AM
I expect the manual transmission V's to hold value much better since they are pretty much 'order on demand' and are in a 20%/80% build ratio compared to auto's.

Tasos
03-27-09, 01:31 PM
I wouldn't count on the manuals bringing more money at the auction. The reason less are produced is because there is less demand. Most customers want an auto. I'm not saying that an enthusiast wouldn't pay more for a stick but they are the exception to the rule. Dealers want cars they can move quickly.

tblack
03-28-09, 03:33 AM
Wow he's right, 2 red ones, a black one and a gray one. There are 2 at Manheim too! I'm going to see what they go for too and I'll let you guys know unless StealthViggen beats me to it. I'm surprised they're at auctions already.

neuronbob
03-28-09, 07:21 AM
I haven't bought a car like this before, so should I be surprised to see some at auction? I guess guys with lots more money with me drop those checks like they are spare change for a V to put in their collection, drive it a few hundred miles, then get rid of it?

I'm obviously in the WRONG profession if I even have to ask, I guess. Time to hang up the white coat.... :)

Jon
03-28-09, 11:06 AM
I wouldn't count on the manuals bringing more money at the auction. The reason less are produced is because there is less demand. Most customers want an auto. I'm not saying that an enthusiast wouldn't pay more for a stick but they are the exception to the rule. Dealers want cars they can move quickly.
I would.

When my father was shopping for his C6 last year, the manuals were going for more than the autos. I wouldn't be surprised if the Vs were the same.

OldRoadDawg
03-28-09, 11:15 AM
I haven't bought a car like this before, so should I be surprised to see some at auction? I guess guys with lots more money with me drop those checks like they are spare change for a V to put in their collection, drive it a few hundred miles, then get rid of it?

I'm obviously in the WRONG profession if I even have to ask, I guess. Time to hang up the white coat.... :)
How about driving your new V 80 miles (actually... probably less) and then trading it in.
This used one on E-bay with 80 miles.
Weird??

used 09 V (http://cgi.ebay.com/ebaymotors/Cadillac-CTS-CTS-V-6-SPD-6-SPEED-with-Racaro-Seats-and-Navigation_W0QQitemZ160324367178QQcmdZViewItemQQpt ZUS_Cars_Trucks?hash=item160324367178&_trksid=p4506.c0.m245&_trkparms=72%3A317%7C65%3A12%7C39%3A1%7C240%3A1308 ) "We took this in on trade from a very good customer....."

Razorecko
03-28-09, 01:20 PM
The manual will bring in more money by a considerable amount. I will bet on that. Look at mkiv supras. a 1998 supra with 30k miles will go for 30k$ in auto. In a manual it will see 40-45k$. The reason you see alot of these at auction is that i believe alot of people are buying them and than later freak at the speed and get spooked. Remember the cadillac name isn't exactly known for its speed freak admirers. BUT this group of people will only buy automatics. Wait until a month or two and the dealers will not be able to hold onto manuals for anything.

StealthViggen
03-28-09, 01:44 PM
These are all on GM auction, so likely they were demo's, or exec cars, not trade in's.

Razorecko
03-28-09, 01:49 PM
heck even look on ebay. Barely none of the new V's have any bids on them. Except the one with recaro & 6spd manual has like 12+ bids on it

Scalarrthu
03-30-09, 10:17 PM
Here are the most recent sales through Manheim.

03/26/09 NASHVILL $58,200 156 Avg BLACK 8G 6 No
03/26/09 NASHVILL $57,400 6,485 Avg SILVER 8G A No
03/26/09 NASHVILL $57,000 7,674 Avg TARN SIL 8G A No
03/26/09 NASHVILL $51,200 7,089 Avg WHT DIAM 8G A No
03/26/09 NASHVILL $50,200 5,190 Avg TARN SIL 8G A No

Nutz
03-30-09, 10:37 PM
Is it me or are these cars already depreciating very quickly? I think that they are so much fun to drive the miles are just adding up quickly. Miles up =value down. I think these are doing quite well so far (at least dealer auction price), most of these cars will be sold to a person that finances and pays tax on them upwards of 1 to 5k more than these prices. It's funny how 50k for one with near 5k miles or less on it looks like a steal. A thread similar to this with updated used pricing would be helpful to monitor here.

dvandentop
03-31-09, 12:09 AM
WTF one for 50k already


also yes please let us know

Jon
03-31-09, 01:10 PM
WTF one for 50k already


also yes please let us know
Auto... Booo :(

Tasos
03-31-09, 02:51 PM
Now that the sale prices are noted, I think the cars are actually pulling decent money. Nowhere as bad as I expected. As per the manuals, I still don't think the cars will ever have a large price difference. More people want autos than manuals, it's a fact. When enough cars are built the used car market will prove it. As for the Supra, your comparing apples to oranges. Very few Supras built and very few survived. If the V is a limited run, say 1 or 2 years then maybe but otherwise no way.

eagle_lex
03-31-09, 04:40 PM
i say look at what the V1 market did.. the first year or so they held steady but soon after that the prices tanked pretty bad after the market was saturated with what buyers were out there. (read most who wanted on had one after the first three years just like vipers and anything else)

Connectcut CTS-V
03-31-09, 09:19 PM
Is it me or are these cars already depreciating very quickly?

These may be NICE cars, but they are still just cars..... I can't remember a new car that did not depreciate, I certainly hope you did not buy it as an investment!

Tasos
03-31-09, 10:40 PM
These may be NICE cars, but they are still just cars..... I can't remember a new car that did not depreciate, I certainly hope you did not buy it as an investment!

A toy, yes, but definitely not an investment.

StealthViggen
04-02-09, 11:47 PM
Results

5,499 M RED ADESA Kansas City GM Factory Sale 04/01/2009 $53,200


6,686 M SILVER ADESA Kansas City GM Factory Sale 03/04/2009 $50,500 View Announcements


6,921 M BLACK ADESA Kansas City GM Factory Sale 03/04/2009 $47,300 View Announcements


5,850 M RED ADESA Kansas City GM Factory Sale 04/01/2009 $52,800 View Announcements


130 M GRAY ADESA Indianapolis GM Factory Sale 04/01/2009 $54,000

LITTLEELVISDAN
04-03-09, 03:34 AM
WOW thats about $10k higher than I thought they would end up. This is auction price right?

neuronbob
04-03-09, 11:06 AM
Woot! Not bad. Looks like this car may maintain value better than my Acura RL did.

YoshiV
04-03-09, 11:08 AM
Dealer auctions are crazy...friend of mine that owns a small dealer picked up a super clean 06 STS V with 38K miles on it for $23K.

dvandentop
04-03-09, 08:12 PM
higher then i had thought

JEM
04-05-09, 03:37 PM
GM Factory Sale?

Now, if they just called up John Heinricy to come back and autograph the glovebox doors...