V12V market value ?!

V12V market value ?!

Author
Discussion

andy_mc

Original Poster:

160 posts

150 months

Saturday 27th August 2016
quotequote all
I've had a bit of a wondering eye over the past few weekends and had conversations with a number of different Garages: McLaren, AMG and Bentley.

What I cannot understand is the price they are all offering for my car. V12V, 2010, 34k miles. Aston have an identical one for sale now at 84k and a similar one with slightly less miles for 86k. All 3 of the above mentioned brands are offering circa 56k !!!!! for my car. What on earth is going on .....

I am sure I could sell my car privately for 80k (not that I want to) so how on earth can they be at least 20k out of sync????

Any thoughts ?


bogie

16,342 posts

271 months

Saturday 27th August 2016
quotequote all
Maybe they are anticipating future values dropping with some new model releases ? I would have thought they would have £10k in a car of that value, but not £20k.

...does seem low, not seen a V12 less than £83k yet ...

KevinBird

1,036 posts

206 months

Saturday 27th August 2016
quotequote all
Sign of the times, the market has peaked but they're being very mean

V8V Pete

2,496 posts

125 months

Saturday 27th August 2016
quotequote all
andy_mc said:
All 3 of the above mentioned brands are offering circa 56k !!!!! for my car. What on earth is going on .....
They're taking the piss, that's what's going on. Show them the pre-owned website, look them in the eye and ask them exactly how much profit they think a dealer should make turning around a second hand car.

Jon39

12,782 posts

142 months

Saturday 27th August 2016
quotequote all

If three different make main dealers are offering almost the same trade-in figure, then presumably that must be the trade price listed by Glass's Guide.

I guess if they take a P/X of this value, it is immediately offered to the appropriate main dealer. The big chain main dealers often have a policy of sending P/X cars (other than their own marque) straight to auction. It would make sense for there to be an upper value limit though, because the appropriate main dealer would trade at a higher figure than the auction price.

We saw the Pre-owned list 'dry-up' completely last Christmas, but I think a selection of V12V cars are listed again now.

If £56k is the other makes P/X trade-in, I wonder what an Aston Martin main dealer might offer, both as P/X and Purchase only? I suppose it would have to be at least £15k below their retail list.





Edited by Jon39 on Saturday 27th August 21:56

SELON

1,172 posts

128 months

Sunday 28th August 2016
quotequote all
Based upon my own, admittedly limited, experience you could expect £10k below list and maybe better with p/X at a main Aston dealer. V12Vs are pretty sought after cars. I suppose timing, the market and the number of cars they've got on their books would play into that figure. You could also SOR is with an Aston dealer if you preferred.

cayman-black

12,625 posts

215 months

Sunday 28th August 2016
quotequote all
imo if you wanted to sell a 2010 V12V with 34k miles it would need to be around £75k due to miles. There offer is £20k below even this figure , i would have thought out right buy would be around £60k.

JohnG1

3,462 posts

204 months

Sunday 28th August 2016
quotequote all
andy_mc said:
I've had a bit of a wondering eye over the past few weekends and had conversations with a number of different Garages: McLaren, AMG and Bentley.

What I cannot understand is the price they are all offering for my car. V12V, 2010, 34k miles. Aston have an identical one for sale now at 84k and a similar one with slightly less miles for 86k. All 3 of the above mentioned brands are offering circa 56k !!!!! for my car. What on earth is going on .....

I am sure I could sell my car privately for 80k (not that I want to) so how on earth can they be at least 20k out of sync????

Any thoughts ?
I would look at:
1. Colour - is your car an usual colour or one of fifty shades of grey?
2. Specification - do you have a reasonable specification
3. Interior - do you have any unusual interior colour choices?
4. At seven years the car will need new Ignition coils and spark plugs. That's a chunk piece of work.
And the last car related issue is mileage. Your car has been driven a reasonable amount, but I suspect that it's being marked down based on that.

Beyond that are demand-side factors - dealer stock levels, time of year (how many people are on holiday now?), new registration plate time, dealer sales reporting cycle...

I would look at these and then review.

But to be clear, it might just be that they are chancing your arm and trying to pick up a peach for peanuts...


Ex Boy Racer

1,151 posts

191 months

Sunday 28th August 2016
quotequote all
In fairness, That's a pretty good percentage depreciation for a 6 year old car isn't it? Not sure what it would have cost back then, but that offer must be close to 40% of original cost? My R8 achieved 50% at 3 years old and my 458 got 60% at only 2 years old.
Nice cars are big boys toys and cost accordingly!

Jockman

17,912 posts

159 months

Sunday 28th August 2016
quotequote all
Get 3 different quotes from 3 different AM Dealers or Specialists.

If you're serious about selling please be aware it's September next week.

imac1

9 posts

123 months

Sunday 28th August 2016
quotequote all
I'm sure if you give an idea of the spec and throw the car up on forums like this you'll get an uncomplicated sale. A colleague sold his 2012 low mileage on SOR recently, and what he finally got was well below what it was reasonably worth. Everyone in the food change takes there bite!

Good luck.

akadk

1,477 posts

178 months

Monday 29th August 2016
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There are two V12V with similar mileage that have been unsold at £79,9k for months

Use tootle

But £60k is a about right

akadk

1,477 posts

178 months

Monday 29th August 2016
quotequote all
There are two V12V with similar mileage that have been unsold at £79,9k for months

Use tootle

But £60k is a about right

paulrog1

983 posts

140 months

Monday 29th August 2016
quotequote all
I would take it to a car garage that can broker it for you, they will give you the glasses price for the car so you know the market value for the car, then haggle with them the fee or percentage they receive for selling it so you get a good deal.

Takes the stress out of selling yourself and the garage has an interest in selling it for the most money possible.

I know a supercar garage in High Wycombe that broker cars, I purchased my DB9 from them.

Then with your cash you can get a better deal on your next purchase.

Edited by paulrog1 on Monday 29th August 07:48

V8 Vantage GT

1,563 posts

105 months

Monday 29th August 2016
quotequote all
I too was suprised to see the low resale prices on V12 Vantages. Low mileage 2015's $70,000 off the original MSRP. I see them in the $150,000 range fully loaded, B & O stereo etc. Thats a big hit to take just driving it off the lot for anyone. With only a couple thousand miles on. Service manager said they have more problems than the V8's.

Nice to find a good deal on one of the 7 speed manuals in a few years.

Edited by V8 Vantage GT on Monday 29th August 08:46

V8V Pete

2,496 posts

125 months

Monday 29th August 2016
quotequote all
Reality is that the V12V market is all over the place at the moment so nobody really knows what it's worth. Having been really quite stable for a couple of years things have been very different this year. Started with a lack of supply early in the year (less than 5 cars available) which saw prices rise considerably (to over £100K). Predictably, this led to more cars coming onto the market and this, combined with the announcement of the V12VSM, has caused prices to return almost to where they had been in 2014 & 2015. So we now have 13 V12V coupes on the pre-owned site with prices for cars of similar age and mileage to the OP's car ranging from £80K to £87K. When I traded my V8V for my SP10 a year ago the dealer margin on my MY2009 V8V was £7K and that included the car needing a service, a couple of tyres, them putting a warranty on it and a couple of minor cosmetic fixes (seat bolster etc.). So why should that margin be £25K for a V12V? OK, if the CCM discs need changing that's a completely different story but otherwise £25K is ridiculous in my book.

andy_mc said:
I am sure I could sell my car privately for 80k
I'm sure you couldn't BTW

BigScotty

337 posts

126 months

Monday 29th August 2016
quotequote all
andy_mc said:
I've had a bit of a wondering eye over the past few weekends and had conversations with a number of different Garages: McLaren, AMG and Bentley.

What I cannot understand is the price they are all offering for my car. V12V, 2010, 34k miles. Aston have an identical one for sale now at 84k and a similar one with slightly less miles for 86k. All 3 of the above mentioned brands are offering circa 56k !!!!! for my car. What on earth is going on .....

I am sure I could sell my car privately for 80k (not that I want to) so how on earth can they be at least 20k out of sync????

Any thoughts ?
Cheeky bds!!

BigScotty

337 posts

126 months

Monday 29th August 2016
quotequote all
V8V Pete said:
Reality is that the V12V market is all over the place at the moment so nobody really knows what it's worth. Having been really quite stable for a couple of years things have been very different this year. Started with a lack of supply early in the year (less than 5 cars available) which saw prices rise considerably (to over £100K). Predictably, this led to more cars coming onto the market and this, combined with the announcement of the V12VSM, has caused prices to return almost to where they had been in 2014 & 2015. So we now have 13 V12V coupes on the pre-owned site with prices for cars of similar age and mileage to the OP's car ranging from £80K to £87K. When I traded my V8V for my SP10 a year ago the dealer margin on my MY2009 V8V was £7K and that included the car needing a service, a couple of tyres, them putting a warranty on it and a couple of minor cosmetic fixes (seat bolster etc.). So why should that margin be £25K for a V12V? OK, if the CCM discs need changing that's a completely different story but otherwise £25K is ridiculous in my book.

andy_mc said:
I am sure I could sell my car privately for 80k
I'm sure you couldn't BTW
I'm sure he would get more than £56k, though.


akadk

1,477 posts

178 months

Monday 29th August 2016
quotequote all
OP

Message me the spec of your car, i maybe interested in buying it

dmm1983

63 posts

125 months

Tuesday 30th August 2016
quotequote all
V8V Pete said:
Reality is that the V12V market is all over the place at the moment so nobody really knows what it's worth. Having been really quite stable for a couple of years things have been very different this year. Started with a lack of supply early in the year (less than 5 cars available) which saw prices rise considerably (to over £100K). Predictably, this led to more cars coming onto the market and this, combined with the announcement of the V12VSM, has caused prices to return almost to where they had been in 2014 & 2015. So we now have 13 V12V coupes on the pre-owned site with prices for cars of similar age and mileage to the OP's car ranging from £80K to £87K.
Very well put. I am frankly amazed at how well the used prestige cat market is holding up across the board, which I presume is a massive beneficiary of zero interest rates. Being relatively light on production numbers, the V12V ought to hold up relatively well...... the announcement of the V12VSM which will dilute the numbers and arguably be the desirable on in the long term which won't help V12V residuals. The V12V market is quite niche and as such will always be a case of supply and demand as Pete stated above. But a near 20k spread on trade in seems quite excessive to me.

Buy the rumour, sell the news?