Whilst idly browsing the internet I noticed that Sandal BMW in Wakefield are offering new 540 x drive touring with a list price of £59,900 as now being available for £43500 ! New and unregistered, a discount before any negotiations of about 27% on list price The market must be very quiet
Indeed, Sytners currently have a deposit contribution of £11K on the 520d M Sport and a £27K contribution on the M5. Clearly not shifting too well.
Diesel gate and Brexit are making people wary. Electric/hybrid technology not quite there for most to change but not far away. There's a brand new 530i G31 M Sport with plus pack and rear camera for under £30k on the trader. That's way over £15000 off list. Interesting times.
Will be interesting to see what these discounts do to the residuals. Further depreciation on top of discounts should hit hard.
When I was purchasing my used 320d I commented on the new m4 in the show room. I think it was £60k list. The sales guy said they would probably end up selling for £45k. There was no movement financially on my motor as it was keenly priced anyway. I think they are happy to sell at cost or little profit to gain from the finance. Negotiation on the deals presented here would be very limited imo. The deals are probably the dealer attempting to meet sales targets for the period. Sent from my iPhone using Tapatalk
I was speaking to a guy at the weekend who had just taken delivery of a new 840d. The 'one time only' deal he got was less than £50K on a car that lists at around £80K I believe..
No such deals at Porsche, although I was offered £2500 off a pre reg Macan that was already reduced, that was unheard of a year or so ago.
Most of the mass produced cars (Porsche don't really fall into that category) have overestimated the number of units that they would sell. Hence there is a lot of metal on the forecourts or storage facilities. If you are lucky enough to be in the market for a new car now might be an excellent time to negotiate.
I'd say it does still apply to Porsche. There's a thread over on PH which details just how many Porsche's failed to make their reserve prices at an auction recently. I'd say Brexit uncertainty, amongst other economic confidence factors, are weighing on the luxury vehicle market.
I'm not surprised - presume you've seen the extensive (expensive) options list; you even have to buy the alloys and tyres to get you going
Yes, the options on my car were £24k, the basic car was £46k. But that is no different to BMW really, except even BMW charge you for folding mirrors that are standard on the Macan.
Facelifted 5 series LCI not far away and before that new dash on the MY20 cars - so showroom stock is the pre MY20 stuff. M5 are the same - you dont get the latest digital dash as seen in latest 3 series - which is fine by me!
What would be the likely loss of deposit be were the order to be cancelled by the proposed buyer, because of uncertainty surrounding the shambles that Brexit has become? Still has to be better than committing to buy or lease just in case your job, or even business disappeared.
all BMW's are made to order and there isn't a car on the production line without a customers name on it what we are seeing here is the stock cars that the dealers are ordering to keep the showrooms full of shiny new cars l would imagine Porsche dealers do the same and order stock cars to keep the showrooms full
That seems to be the case from an American MY20 car.....that and laser lights. I’ll forego the latter to avoid the former!
