STO 50K Over
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349 Posts
This.
It's easy for folks to comment from the sidelines but there are still lots of buyers out there. Also the spec matters...that Seattle one at $20k over was heinous.
Should you buy one at $50k over? Only you can answer that. If you like the car and the spec then $50k over doesn't seem too bad...but agree you can give it a few weeks and see if they'll take something lower. Maybe you miss out in the meantime, and if so then plenty of other opportunities will come along.
Even as the market softens there are plenty of buyers. My 22' EVO coupe just sold for $40k over within 3 weeks. And yes I sold it to "make room" so totally a reasonable selling reason.
Obviously the demand for STO is still there, as all the cars at MSRP new from dealers are sold out. We are in the price discovery stage now as to what the demand is over sticker. My gut feel is that it isn’t all that strong and wholesale will be sticker soon and to be honest, it may already be there for cars beyond delivery miles.
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210 Posts
Are you going to be on the sidelines and interjecting on threads and talking about gut feeling until the end of time, cherry picking limited publicly available information? (When almost all the cars bought and sold at this level are not public information ).
I received unsolicited offers on two of my cars recently from outside parties and it was way , way above sticker . I didn’t bite due to implications from manufacture and dealer if I sold now and what would happen to my future buying possibilities .
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4,627 Posts
I also received a $40k over on my 22 EVO, well, $38k to be exact. I haven’t accepted it, but the market is there for sure. I made offers on 2 cars, non exotic, and my offers were reasonable, only a couple thousand less than ask and both sold at full ask(they were priced well,) within a day or two of my offer. I didn’t need the car which is why I didn’t step up, otherwise I would’ve, but make no mistake people are buying cars
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43 Posts
I promise you that you didn’t get major offers substantially above MSRP in the last 14 days for an STO. My friend had dealers begging for his 992 GT3. Now that he got his GT4 RS, he went back and every dealer is either MSRP or 10k over. Quite the different story from summer where it was 60k over no questions asked.
G wagon market same thing, complete shambles. In an era of free money, 0-2% interest, 300-800% gains on stocks and crypto, people were able to do silly things without a care. That time is over.
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4,627 Posts
G wagon market is something to talk about. Can’t believe people were paying $100k over retail. Insane
I heard it even went higher than that! Lol
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4,627 Posts
Yes. Some people were paying close to $300k on $175k msrp Cars. I really do not get it.
Yes, silliness. The largest collapse is the black series Benz, though. Some people paid $600K+
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5,495 Posts
G63 prices never made sense to me.
And speaking of G's, I was offered a G63 squared allocation for $300k over list. I found out last week the allocation sold for $300kand was flipped for $350k. In fairness the squared will be limited production but still an insane amount of money to pay for a jacked up G.
And speaking of G's, I was offered a G63 squared allocation for $300k over list. I found out last week the allocation sold for $300kand was flipped for $350k. In fairness the squared will be limited production but still an insane amount of money to pay for a jacked up G.
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3,210 Posts
"Due to market speculation and correction, this dealership potentially lost $3-5 million on its order of 75 Mercedes-Benz G-Wagons."
Learn From This Car Dealership's $5 Million Mistake
Learn From This Car Dealership's $5 Million Mistake
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4,627 Posts
This is Mercedes Benz of Hoffman Estates. Th why have a ton of them. They are owned by Ziegler and have so much money they can care less.
Interestingly, back in 2016, I sold them a G on trade in, and they were reluctant to even take it. They had 0 on the lot and never carried them. Tried to lowball me but I convinced the sales manager to give me a hefty trade value based on some negotiating and market facts. Long story short, they sold it within a week and then started to carry them.
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1,893 Posts
Stupid 100k for a block of cheese .
STO's are special cars so $50k over really isn't that bad. Although I'd try to offer $40k over. If its a nice spec you like go for it. They're only gonna get sold in the future with higher miles/more wear n tear. There's no allocations left, the nice spec ones will demand the most premium.
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