2020 DB11 AMR depreciates £90,000 - can it be true ?

[Jon39]

Dealers are normally very reluctant to talk about car prices falling, but there is media comment about a reduction in the values of luxury cars.

https://www.autocar.co.uk/car-news/industry-news/d...

One dealer reported buying a 2020 Aston Martin DB11 AMR for £100,000.
The owner had paid £190,000 and drove just 3,000 miles.

Would £30 per mile, be enough to travel by chauffer driven limousine?

[RichardAP]

Most used DB11 AMR’s are retailing around £120k, and that price hasn’t moved since last summer. The RRP of most of them will be >£190k, but i would be surprised if there weren’t plenty of discounts on new ones.

Changing a car so quickly after buying it is usually expensive, especially if dealers are making £20k each time, but even so this was really expensive if they paid full RRP and got a low offer to exit.

So glad we bought used...

[anonymous-user]

Jon39 said:

Dealers are normally very reluctant to talk about car prices falling, but there is media comment about a reduction in the values of luxury cars.

https://www.autocar.co.uk/car-news/industry-news/d...

One dealer reported buying a 2020 Aston Martin DB11 AMR for £100,000.
The owner had paid £190,000 and drove just 3,000 miles.

Would £30 per mile, be enough to travel by chauffer driven limousine?

I'd hazard a guess that the owner needed shot of the car quickly and Hartley's made him an offer that made a 'problem' go away while allowing them a tasty margin. Last year was a very strange time - dealers reduced prices and margins in order to regain lost ground once they were able to open, and at the same time, some consumers who'd financed or bought cars pre-pandemic, had fallen on hard times and needed shot of their cars quickly. It helped dealers as those cars became low hanging fruit to buy in, and they're a business not a charity, so both parties got what they wanted in some fashion.

The average price of a 2020 DB11 AMR with very low miles seems to be somewhere between £123k and £130k currently. That's still a lot of car for the money. What's really shaken things up was the market wide residual value correction last year, which coincided with car dealers re-opening. Residuals typically lowered a chunk, which caught customers out, as you could be sorting out funding before the end of March 2020 on a car, which following dealers re-opening, suddenly had the net effect of becoming more expensive to finance even if the cash price had dropped. It might be another year before things settle down.

[Likeomg]

Don't forget the huge sale event they had, amazing deals on Db11's and new Vantages.

I was offered a list 196k DB11 Amr for 125k... so really its only a 25k hit.

[pschlute]

I think March 2021 sales of s/h Astons will tell a different story. I was looking in earnest last month and the number of Timeless DB11's dropped rapidly from around 85 to 60. My local dealer HWM sold all theirs in a week !

I can see why 2020 would have been a poor time to be a seller, but I think things have changed somewhat now.

[Buzz Killington]

I have had emails from both Aston dealers I have had dealings with about buying my car. They are on the hunt for stock it would seem.

[LTP]

Buzz Killington said:

I have had emails from both Aston dealers I have had dealings with about buying my car. They are on the hunt for stock it would seem.

I've had those as well. Further down the ones I received also point out that they've got some good deals on new cars. I think they're hunting for customers rather than stock