Will price on used cars drop in 2010 - Mercedes Benz SLK Forum

General Discussion Topics must pertain to all 3 generations of SLK - R170, R171 and R172

 
LinkBack Thread Tools
#1 Old 10-02-2009
Registered Users
 
Join Date: Jan 2009
Location: Vancouver BC
Vehicle: 2008 SLK 350 - Past Vehicles: 2006 325i
Posts: 21
Country:
Chats: 0
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Thanks: 0
Thanked 0 Times in 0 Posts
(Thread Starter)
Will price on used cars drop in 2010

I am looking for a 2005-2007 SLK and I was wondering if waiting until January 2010 will result in a drop in price. Ideally, I'd get the car in late November, but I would consider waiting until January if the prices drop by a few thousand.

Will 2010 calendar year persuade seller to lower their prices? It is only a month's difference, but do people view the car as being a year older?
mjia is offline  
Sponsored Links
Advertisement
 
#2 Old 10-02-2009
Registered Users
 
Sulley007's Avatar
 
Join Date: Nov 2008
Location: Atlanta
Posts: 2,322
Country:
Chats: 444
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
Thanks: 341
Thanked 494 Times in 235 Posts
Garage
In my experience, unless you have a collectible car the prices are dropping on used cars daily/weekly/monthly. The rate of the price drop depends on the age and depreciation curve. For example as soon as you drive a new car off the dealer lot there is a sharp drop in price. Then depending on the car at a certain point the depreciation slows and flattens out.

So will the prices be lower in January than today, I would say definitely yes. Will they be a few thousand dollars less on a 2005 - 2007, that might be a pretty aggressive price drop. You could do some research with Kelley Blue Book or NADA and see if you notice a trend in pricing from Oct - January and apply the same % of depreciation to estimate a projected value in January.
Sulley007 is offline  
#3 Old 10-02-2009
aka John

 
UK-C200's Avatar
 
Join Date: May 2008
Location: Richmond, Tx
Vehicle: LHD Black SLK350, LHD Firemist SLK55
Other Toys: Nacra F18
Posts: 13,012
Country:
Chats: 1143
Mentioned: 13 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Thanks: 1,712
Thanked 2,920 Times in 2,028 Posts
What Ken said - only additional factor is that SLK's tend to command a premium during the spring and summer months, and curve down a bit in winter. November vs January in Canada I can't imagine anything other than normal depreciation.



UK-C200 is offline  
The Following User Says Thank You to UK-C200 For This Useful Post:
 
#4 Old 10-02-2009
Registered Users
 
Join Date: Dec 2006
Location: Marietta, GA
Vehicle: 2014 BMW i3, 2014 BMW i3, 2013 Smart ED, 2005 SLK350
Posts: 547
Country:
Chats: 0
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Thanks: 2
Thanked 94 Times in 62 Posts
This is the data from Gavles for 05' SLK350, which for the NYC area is the guide dealers use.

The best time to buy was in March 09, since then the prices have been going up an average of $400 / month. I think it's leveled off and values are flat right now. Prior to March, depreciation was approximately $400-$700 / month.
Attached Images
File Type: gif Screen shot 2009-10-02 at 9.37.35 AM.gif (23.0 KB, 10 views)
Tummy is offline  
The Following User Says Thank You to Tummy For This Useful Post:
#5 Old 10-02-2009
Registered Users
 
Join Date: Feb 2009
Location: Southern Indiana
Vehicle: 2005 SLK 55 AMG
Posts: 610
Country:
Chats: 4
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Thanks: 85
Thanked 89 Times in 61 Posts
Garage
Having just went through this last year my advice would be to start looking now and be ready to pick something up in the November time frame. I found a greater variety of cars available in the fall then I did in mid winter and I think I could have made a better deal at auction later in the year then I did early the next year.

What I think the reason for this was that the used car market is greatly influenced by cars coming out of lease programs and since these often come off lease in the same months they were initially purchased (3 years later), then more cars were coming available in Spring and Summer months. Hence, the later you get in the winter, the fewer cars are available. Also, as you start to get into the mid winter months, dealers are begining to think about picking up something they'll only need to carry a few months until Spring. With the supply less, prices start going up.

The bottom line is if you find something you like now - buy it. You're options will likely be greatly reduced come January and I don't think you would see much savings.
garylight is offline  
Sponsored Links
Advertisement
 
Reply

  Lower Navigation
Go Back   Mercedes Benz SLK Forum > General Discussion about Mercedes Benz SLKs > General Discussion

Bookmarks

Quick Reply
Message:
Options
Upload your files to MEGAUPLOAD
Upload your images to ImageShack

Register Now



In order to be able to post messages on the Mercedes Benz SLK Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
2010 Model up at MBUSA.com mb911 General Discussion 2 09-21-2009 04:09 PM
CPO Cars - Sick of the unrealistic hype... RacerCub68 General Discussion 11 08-14-2009 12:43 AM
Classic cars, your take on vintage automobiles. alroumi Off Topic 20 04-30-2008 01:31 PM
SLK ownership,the love for our cars and similarities that I find..... alroumi General Modifications R171 9 04-27-2008 05:50 PM
Which Springs give you the best drop? d23 Performance MODS for the R171 23 05-03-2007 02:43 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome
 

Clubs, Garage Plus vBulletin Plugins by Drive Thru Online, Inc.