OrientExpress
Well-known member
caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
All LEAFS are sold at auction with no reserve.
caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
tractioninc said:I'm in the market for a '13 as well. Do you already have a leaf? If not, you may find this thread on battery life worth reading: http://www.mynissanleaf.com/viewtopic.php?f=44&t=12789&p=415338#p415338" onclick="window.open(this.href);return false;
If they are, what's to stop them starting the bidding at $10k? Do they really start a car auction at $1 and work up from there?OrientExpress said:caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
All LEAFS are sold at auction with no reserve.
No. As you point out, they have a minimum set for bidding. So saying it is a "no reserve" auction is misleading and has no bearing on my point that the wholesale prices are inflated.knightmb said:If they are, what's to stop them starting the bidding at $10k? Do they really start a car auction at $1 and work up from there?OrientExpress said:caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
All LEAFS are sold at auction with no reserve.
This makes zero sense.caffeinekid said:No. As you point out, they have a minimum set for bidding. So saying it is a "no reserve" auction is misleading and has no bearing on my point that the wholesale prices are inflated.
caffeinekid said:OK. This is reasonable for a 2013 S.
http://www.ebay.com/itm/161637471979?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT
2013 Nissan Leaf S w/Xenon & 6.6kW charger
Some reported they were offering more.SteveInSeattle said:...$4,000 off my residual was not enough. ...
TimLee said:Some reported they were offering more.SteveInSeattle said:...$4,000 off my residual was not enough. ...
Did it change or was that only on 2012?
caffeinekid said:OK. This is reasonable for a 2013 S.
http://www.ebay.com/itm/161637471979?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT
2013 Nissan Leaf S w/Xenon & 6.6kW charger
OrientExpress said:caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
All LEAFS are sold at auction with no reserve.
It could be that it varies by state or region. Any idea what the reserve was set at on these vehicles ?martyv said:I respectfully disagree with this blanket assertion
I regularly attend an auction where Nissan and Honda sell a lot of their lease return vehicles, and if there were no reserve, I would have bought a few Leafs by now! Many go through the line without hitting the reserve price set by NMAC, and so they are a NO SALE.
Absolutely. This was and remains my point. If you start an auction at a certain price, set a reserve or otherwise set a floor, you have inflated the value. Period.martyv said:OrientExpress said:caffeinekid said:The way I see it- as long as Nissan sets a floor at auctions for lease returns, the wholesale value is artificially inflated.
All LEAFS are sold at auction with no reserve.
I respectfully disagree with this blanket assertion
I regularly attend an auction where Nissan and Honda sell a lot of their lease return vehicles, and if there were no reserve, I would have bought a few Leafs by now! Many go through the line without hitting the reserve price set by NMAC, and so they are a NO SALE.
caffeinekid said:martyv said:Absolutely. This was and remains my point. If you start an auction at a certain price, set a reserve or otherwise set a floor, you have inflated the value. Period.OrientExpress said:I respectfully disagree with this blanket assertion
I regularly attend an auction where Nissan and Honda sell a lot of their lease return vehicles, and if there were no reserve, I would have bought a few Leafs by now! Many go through the line without hitting the reserve price set by NMAC, and so they are a NO SALE.
Creating value through artificial scarcity is nothing new. Yes, eventually the costs of holding these vehicles will mandate that they lower their reserve, but in the meantime the vehicles are not available in the marketplace, inflating the market value of the ones that are.MikeinDenver said:martyv said:Absolutely. This was and remains my point. If you start an auction at a certain price, set a reserve or otherwise set a floor, you have inflated the value. Period.OrientExpress said:I respectfully disagree with this blanket assertion
I regularly attend an auction where Nissan and Honda sell a lot of their lease return vehicles, and if there were no reserve, I would have bought a few Leafs by now! Many go through the line without hitting the reserve price set by NMAC, and so they are a NO SALE.
However as that quote speaks to they didn't sell. So it isn't inflating the price because the price wasn't paid. Eventually Nissan will have to lower the reserve or they will continue to go unsold. At which point they have reached the true value.
Absolutely correct.caffeinekid said:Creating value through artificial scarcity is nothing new. Yes, eventually the costs of holding these vehicles will mandate that they lower their reserve, but in the meantime the vehicles are not available in the marketplace, inflating the market value of the ones that are.
:lol: Canada sound about right.TimLee said:Absolutely correct.caffeinekid said:Creating value through artificial scarcity is nothing new. Yes, eventually the costs of holding these vehicles will mandate that they lower their reserve, but in the meantime the vehicles are not available in the marketplace, inflating the market value of the ones that are.
NMAC is a very large player in the used LEAF market.
They are probably >90% of what is available at auction.
They are attempting to slow the decline of the used LEAF market valuation.
Of course it is costing something for the $ they have tied up in what they don't sell.
Plus their valuation drops with time too.
Probably a tricky economic analysis for them to determine their optimal minimum selling price.
Plus they have to figure out best place to park them.
Maybe cold dry Canadian desert would be a good choice :?:
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