Already done that, I'm asking for other opinions.
I wish our cars could bring that amount of money! I have the same car, '13 performance, and it is very low mileage, but they have lost their value, and blue book doesn't show today's real transaction figures. If you look hard enough, you might even find a left over BRAND new performance for 32k.
I'm buying at auction, so I'm getting it below retail. The dealer is asking for my max bid. The cars I'm seeing on autotrader range from $26k to $34k for similar cars but with more miles. The one for $26k only has 11,000 miles, but it's been sitting for a while so I think there might be an issue with it. Maybe accident history or something. My gut is telling me the car is worth $30k retail. It's a pain trying to determine value on this car since it's a manual, because there are so few of them out there. I think being a manual makes them harder to sell and might decrease their value used.
The MSRP of a performance ATS without extra options would be around 42-44k. But don't let those numbers fool you. There are heavy incentives, and very few have paid MSRP. Please look at this link:
I am buying from someone who has a dealers license, not a dealer itself. The car is at a Manheim auction. This car in particular was driven by a corporate person at GM. They give a car to a higher up, they drive for 3k-10k miles and give it back. Then they go through auction.
I think what Rustybear is telling you is all that other information is worth way more than posts by random strangers on this forum.
Seriously? Why would they put a low mileage corporate owned vehicle out to auction, rather than sell it as CPO? I just ended up getting a BMW, and that's exactly why--BMW sells low mileage loaners and executive models as CPOs at substantial savings, extends out the warranty, and includes BMW complimentary maintenance. Seems like Cadillac is missing out on this market. Without that program, there's no way I would have spent the money on a BMW.
The car is in a gm closed auction. These cars are bought and certified then sold on the lot as a certified pre owned vehicle by gm dealers. My friend works at a Chevy dealer so he can bid on it. He said I can certify it for a fee if I want which I don't think I will. Need to research it more.
It seems rather strange to me also. Before I bought my ATS, I bought a corporate owned STS from my dealership (general sales manager) and have bought Cadillacs this way before. It would seem they would get more this way than in a closed auction . My dealership sells CPO's and loaner cars all the time....usually auctions are last ditch efforts.
Yes, that is exactly what I meant.
GM corporate has no direct way to sell them to end users so the auction gives them an easy way to move lots of vehicles to someone that does (their dealers). They take in lots of corporate vehicles and send them to auction and they are gone. If your example is how BMW corporate prices the used vehicles to individual dealers I wonder how they set the price to the dealer and what they do when the local dealer doesn't want to pay the price BMW corporate wants. I see them not getting top dollar and dealing with a lot more hassle (cost) than just sending all of them to auction. Basically turning some department into a used car dealer that only sells to BMW dealers.
