Crash in used luxury car prices is starting
Hey all, as some of you know I've been shopping for a used Q7. I spoke to my contact in the industry today, a sales manager, he said that "Prices on luxury are getting floored. I'm getting a lot of wholesalers and whatnot asking us for bids and they may be coming to me cheap. Repo'd Audis are being auctioned May 20th [here in AB]. Insane how many there are, and it's the same with BMW and Benz."
Apparently he bid a $108k MSRP 2019 Q7 with 4,872km for $62k and thinks he will get it. Didn't get many more details but sounds like there are many other examples. He was telling me about a loaded 2017 he could get for $43k as well.
So I'd say the fallout is starting, at least here.
Apparently he bid a $108k MSRP 2019 Q7 with 4,872km for $62k and thinks he will get it. Didn't get many more details but sounds like there are many other examples. He was telling me about a loaded 2017 he could get for $43k as well.
So I'd say the fallout is starting, at least here.