alfa mito discount
Author
Discussion

bobo

Original Poster:

1,725 posts

299 months

Saturday 21st February 2009
quotequote all
i want to buy one for the wife, the credit crunch is on....cars arnt selling!

are there any dealers interested in offering a discount on a mito or shall i wait 3 months until they are?

many thanks

chr15b

3,467 posts

211 months

Saturday 21st February 2009
quotequote all
no offense, but that leads to deflation

bobo

Original Poster:

1,725 posts

299 months

Saturday 21st February 2009
quotequote all
no ... a small incentive would lead to me parting with my hard earned money (or not!)

strange to see the dealers are still living on cloud 9 all things considered.... sales figures are shot to hell and they still dont want to incentivise ? v odd.






Alfahorn

7,815 posts

229 months

Saturday 21st February 2009
quotequote all
Why would they want to discount a brand new model?

bobo

Original Poster:

1,725 posts

299 months

Sunday 22nd February 2009
quotequote all
thanks euroboy... perhaps your dealers are more astute than ours.




V6

3,780 posts

242 months

Sunday 22nd February 2009
quotequote all
They may not the month it comes out but once the dealers have cars waiting to be sold and Alfa wanting to supply more the discounts will come biggrin

Not sure what chr15 is on about? Pretty much every car bought from a garage is open for discounting, as with many things.

chr15b

3,467 posts

211 months

Sunday 22nd February 2009
quotequote all
V6 said:
They may not the month it comes out but once the dealers have cars waiting to be sold and Alfa wanting to supply more the discounts will come biggrin

Not sure what chr15 is on about? Pretty much every car bought from a garage is open for discounting, as with many things.
i wasnt on about the discounting as such, it was the attitude of - they WILL discount or i will not buy until they are forced to [to sell]

this leads to deflation.

bobo

Original Poster:

1,725 posts

299 months

Sunday 22nd February 2009
quotequote all
chr15b said:
V6 said:
They may not the month it comes out but once the dealers have cars waiting to be sold and Alfa wanting to supply more the discounts will come biggrin

Not sure what chr15 is on about? Pretty much every car bought from a garage is open for discounting, as with many things.
i wasnt on about the discounting as such, it was the attitude of - they WILL discount or i will not buy until they are forced to [to sell]

this leads to deflation.
well given the choice of deflation now or in the future without a sale what would be the wisest option?

just seems silly to me having spoken to a dealer yesterday that they still think they are sitting on 'pots of gold' as it were ... i can quite easily buy another brand that is willing to work a little harder than an alfa dealer for my hard earned cash. funnily enough, most other brands have realized whats around the corner!

this isnt a limited edn 8c cometizione, this is a car produced en masse based on other cars that looks cute that will be sitting unsold filling storage carparks in the very short term.

that unfortunately is the reality of the situation... under those circumstances there is nothing wrong with me expecting the dealer to at the least make an effort for a sale.





Le Man

860 posts

228 months

Sunday 22nd February 2009
quotequote all
Clamour for discount if you will. Pressure the dealer to give the car away. Grumble like old women when you car is worth buttons in three years.

Alternatively, spare a moment to think about the situation.

The MiTo is actually a very good car, rather like the Mini.

The sales are strong and spontaneous and don't need helping out of the door by making concessions on price, rather like the Mini.

CAP are forecasting strong residual values, rather like the Mini.

Maybe not all the rewards are up front with the MiTo, and buyers have to bite the bullet and pay the asking price, in return for a well built fun car, which will still command a respectable price when you've done with it, rather like the Mini.

Le Man

860 posts

228 months

Sunday 22nd February 2009
quotequote all
euroboy said:
They will discount I am sure - I got offered 15% off list 2 weeks after it was released in Holland - still didnt buy it!
That far exceeds the total margin the British dealers receive.

It must reflect the downturn in the international clog and windmill trade.

chr15b

3,467 posts

211 months

Sunday 22nd February 2009
quotequote all
bobo said:
chr15b said:
V6 said:
They may not the month it comes out but once the dealers have cars waiting to be sold and Alfa wanting to supply more the discounts will come biggrin

Not sure what chr15 is on about? Pretty much every car bought from a garage is open for discounting, as with many things.
i wasnt on about the discounting as such, it was the attitude of - they WILL discount or i will not buy until they are forced to [to sell]

this leads to deflation.
well given the choice of deflation now or in the future without a sale what would be the wisest option?

just seems silly to me having spoken to a dealer yesterday that they still think they are sitting on 'pots of gold' as it were ... i can quite easily buy another brand that is willing to work a little harder than an alfa dealer for my hard earned cash. funnily enough, most other brands have realized whats around the corner!

this isnt a limited edn 8c cometizione, this is a car produced en masse based on other cars that looks cute that will be sitting unsold filling storage carparks in the very short term.

that unfortunately is the reality of the situation... under those circumstances there is nothing wrong with me expecting the dealer to at the least make an effort for a sale.
i've no idea of the specifics of this car, and my tongue-in-cheek comment earlier wasnt really leading to this but..

look at it from the dealerships point of view, maybe they know they will sell their stock of cars at list price - why would they want to scrabble for your 'hard earned' to get less back for something they can sell for more?

or, it may be that they will need to discount to 'shift em' - time will tell - but based on that this car is built and released in the current climate, although alfa will have budgeted when times were good, i cant see there will be football pitches full of them going nowhere.

all things being equal, a release car such as this i think your attitude of discount or i'll force you to is unreasonable, but hey it's your cash and you can choose if you want the car or not.

Edited by chr15b on Sunday 22 February 12:08

bobo

Original Poster:

1,725 posts

299 months

Sunday 22nd February 2009
quotequote all
Le Man said:
Clamour for discount if you will. Pressure the dealer to give the car away. Grumble like old women when you car is worth buttons in three years.

Alternatively, spare a moment to think about the situation.

The MiTo is actually a very good car, rather like the Mini.

The sales are strong and spontaneous and don't need helping out of the door by making concessions on price, rather like the Mini.

CAP are forecasting strong residual values, rather like the Mini.

Maybe not all the rewards are up front with the MiTo, and buyers have to bite the bullet and pay the asking price, in return for a well built fun car, which will still command a respectable price when you've done with it, rather like the Mini.
Le Man old trout... take a quick peek at the latest news as reported by mini/bmw, GM, fiat, ford, chose any re sales which I'm sure you must already know. as upset as you may be by me saying that the current automotive mkt facts and figures speak for themselves they do.

if you wish to ignore the reality or those figures then that's up to you. fair play.

but i certainly wont be biting the bullet ... and why should i?

it will be interesting revisiting this post in 6 months to see how things paned out.






V6

3,780 posts

242 months

Sunday 22nd February 2009
quotequote all
In any case - Mini are offering upto £1000 off the normal price - Are the Mitos really easier to get rid of than a new Mini?

nc107

475 posts

229 months

Sunday 22nd February 2009
quotequote all
Alfa sales are appalling, they sold less cars in 2008 than Lancia despite having access to many more markets and a supposedly better brand. It's appealing to be all romantic about it and think they are the bee knees, but they will be the death of FIAT if they don't start performing. They seem nice cars but the stright truth is very few people want them. If they want sales they will have to discount.

Le Man

860 posts

228 months

Sunday 22nd February 2009
quotequote all
bobo said:
Le Man said:
Clamour for discount if you will. Pressure the dealer to give the car away. Grumble like old women when you car is worth buttons in three years.

Alternatively, spare a moment to think about the situation.

The MiTo is actually a very good car, rather like the Mini.

The sales are strong and spontaneous and don't need helping out of the door by making concessions on price, rather like the Mini.

CAP are forecasting strong residual values, rather like the Mini.

Maybe not all the rewards are up front with the MiTo, and buyers have to bite the bullet and pay the asking price, in return for a well built fun car, which will still command a respectable price when you've done with it, rather like the Mini.
Le Man old trout... take a quick peek at the latest news as reported by mini/bmw, GM, fiat, ford, chose any re sales which I'm sure you must already know. as upset as you may be by me saying that the current automotive mkt facts and figures speak for themselves they do.

I'm not sure what you do for a living Bobo but I retail cars. February has been amazing so far. If I find that the collective experience of our sales team starts to falter, who knows, I may come back and consult you as you clearly know the business inside out. Hopefully though, we'll continue to buck the trend and sell our MiTos at list. ( Oh, by the way, mini/bmw, GM, fiat ford, don't sell MiTos and just one more point. FIAT recently had to reconsider a factory idling plan because they are selling too many cars.)



if you wish to ignore the reality or those figures then that's up to you. fair play.

but i certainly wont be biting the bullet ... and why should i?

it will be interesting revisiting this post in 6 months to see how things paned out.





Le Man

860 posts

228 months

Sunday 22nd February 2009
quotequote all
nc107 said:
Alfa sales are appalling, they sold less cars in 2008 than Lancia despite having access to many more markets and a supposedly better brand. It's appealing to be all romantic about it and think they are the bee knees, but they will be the death of FIAT if they don't start performing. They seem nice cars but the stright truth is very few people want them. If they want sales they will have to discount.
Cobblers!

mitch_

1,282 posts

245 months

Sunday 22nd February 2009
quotequote all
Whilst I'm not usually into posting to on this forum for negative reasons I have absolutely no idea where Bobo's economic understanding of the world comes from. Can you not see that discounting is the route of residual value erosion? It doesn't take a nobel prize winner to understand the basic factors in play. For us, interest in the Mito has been fantastic. It's a fresh, smart car at a price point that nobody can argue with and on top of that we are selling an Abarth 500 a day at the moment and we're not even giving away free mats. Looking at my 2008 management accounts we've had our best year for the better part of a decade. Not everyone's in the toilet and I for one have no intention of joining them. If you like the car, buy one, if you don't then don't. Whinging about it on a public forum isn't going to improve your odds of attaining a discount.

bobo

Original Poster:

1,725 posts

299 months

Sunday 22nd February 2009
quotequote all
mitch_ said:
Whilst I'm not usually into posting to on this forum for negative reasons I have absolutely no idea where Bobo's economic understanding of the world comes from. Can you not see that discounting is the route of residual value erosion? It doesn't take a nobel prize winner to understand the basic factors in play. For us, interest in the Mito has been fantastic. It's a fresh, smart car at a price point that nobody can argue with and on top of that we are selling an Abarth 500 a day at the moment and we're not even giving away free mats. Looking at my 2008 management accounts we've had our best year for the better part of a decade. Not everyone's in the toilet and I for one have no intention of joining them. If you like the car, buy one, if you don't then don't. Whinging about it on a public forum isn't going to improve your odds of attaining a discount.
mitch .... comes from the basic principles of demand and supply (in a directional market going down not up) and c darwin's natural selection smile

also comes from having peeked at alfa's most recent loss making figures (forget the broader markets bail outs and chapter 11's - hell, lets not even go there!) and my analyst's consensus 12 month target price for fiat going from E11.50 to E3.50. well, you did ask old fruit.

there's a difference between whinging and underestimating the human blindness (which is what i was doing). i just cant fathom how completely out of touch the dealers have been with regard to incentivising in a recession (i do hope am allowed to say we are in a recession here?).

the mind boggles smile










nc107

475 posts

229 months

Sunday 22nd February 2009
quotequote all
Le Man said:
nc107 said:
Alfa sales are appalling, they sold less cars in 2008 than Lancia despite having access to many more markets and a supposedly better brand. It's appealing to be all romantic about it and think they are the bee knees, but they will be the death of FIAT if they don't start performing. They seem nice cars but the stright truth is very few people want them. If they want sales they will have to discount.
Cobblers!
Fiat 979,493 (lowest since 2006)
Grande Punto 286,935
Panda 224,465
500 178,076
Bravo 95,440
Croma 28,065

Lancia 114,167 (lowest since 2003)
Ypsilon 61,655
Musa 33,840
Delta 14,005
Phedra 4,068
Thesis 583

Alfa Romeo 102,635 (lowest since 1997)
159 42,536 (down 25% on last year and some 50% lower than the 156 at its height)
147 34,361
MiTo 13,296
GT 6,508 (down 50% on last year)
Brera 3,609
Spider 2,537
166 97

I'm sure myself and other Italian car lovers can rely on you to phone FAG and tell then were they have their figures wrong, and tell them of all the sales they have missed, they can then re-adjust accordingly. Thanks.

Alfa have the highest investment per car, the lowest margin per car, and the worst sales collapse. I've only owned Italian cars and I want FAG to produce a credible alternative to the usual suspects. But with the exception of some Fiat cars they never fail to get it wrong, be it customer service (absolutley bloody appalling in Derby), identity crisis (Lancia) or poor platfrom / segment choice (Alfa). Much as we can all go dewey eyed about them and buy them to be different, the figures do not lie - people do not buy them in the numbers either in the sales forecasts (the 159 was supposed to take sales of BMW /Audi) or neccessary to give a positive return for the company. And for the FAG as a whole Alfa is a black hole for investment. If they cannot sell, they will have to discount - the market will dictate the "fair" price. The MiTo is the latest in a long line of Alfas that will re-launch the company/invade BMW territory / change the market perception (delete as appropriate). I'm sure it is a great car, I'm also sure it will achive none of the above. AR will i think have a choice after the first 3-4 months - either hit the sales target (or even get close to them) by discounting or don't discount and don't get anywhere near the numbers.

what_what

1 posts

203 months

Sunday 22nd February 2009
quotequote all
I agree with bobo .... discounts are needed if they want to sell more cars.

Edited by what_what on Sunday 22 February 20:50