Dealer dropped List Price 10K

RedTop

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I just noticed a main dealer dropped their List Price on a Used Car from 35K to 25K. Signs of desperation maybe, or overpriced to begin with ? Good for the consumer, if you are in the market. Anyone else experience something similar ?
 
It's possibly an import the dealer has brought in.

I was on the ferry last weekend and there were a number of full transporters going to Rosslare which went back empty.

I've noticed that the price of approved used BMWs on bmw.ie, for example, seems to have dropped to be much closer to the price of a private Uk import.

SSE
 
Not an import. Sold new in 2006 from a main dealer in Dublin. Traded in with a different main dealer before Christmas. I saw the vehicle 3 weeks ago on Carzone but I scratched if off my list of Test Drives due to the high 35K price. Checked again today to see if anything new was listed and noticed the price dropped to 25K. Comes with manufacturer's 12mth warranty + RAC + stamped service history + an offer of the details of the original Irish owner.
 
Why would Irish dealers be bringing in cars from the UK when they have yards full of used cars already ? Wouldn't it make sense to just drop the price of the ones they are sitting on, just like this dealer is doing. It's all about moving inventory and turning it into cash.
 
Possibly, but it's been done. A guy I work with has been offered a Volkswagen Touran for €11,500. This is exceptionally cheap given the year and mileage. He asked how the dealer was making a profit and dealer explained that the car was a UK import.

This dealer was based in Airside Retail Park, Swords.
 
Jaguar have dropped the price of the X type limited edition by €5k and the price of the XF by around €10k but get those piggy banks emptied quickly - offer only lasts until end of March :D.
 
A brand new, hugely depreciating white elephant for 10k off!!! Where do I sign?

Redtop - I guess the yards are full of cars that nobody wants even if they could get the finance. The bmw.ie used car search is open about the fact that it's searching the UK as well as Ireland. I've always bought ex-demo cars at 6 months so it's good for me if they do bring them in.

I assume all the older used stock will end up bulk-purchased and sent to African countries as parts.

SSE
 
I hear rumours of some dealers prepared to go to the wall instead of dropping their prices in order to move the stock. Seems a strange way to do business. I guess the banks will end up repossessing the stock and trying to offload it.
 
Why would Irish dealers be bringing in cars from the UK when they have yards full of used cars already ? Wouldn't it make sense to just drop the price of the ones they are sitting on, just like this dealer is doing. It's all about moving inventory and turning it into cash.

I've seen it happening in Galway - dealers buying from UK for resale - people are keen to buy a UK import right now. They even leave the UK plates on.
 
There was an article in the Motoring section of the IT the other day about the shift to imports, particularly from NI.

A guy from BMW Ireland said that rather than fight the trend they were actually going to source quality BMWs in the UK at lower prices and pass on the benefit to Irish customers. How much of a benefit is passed on remains to be seen.

I'm not surprised that a second-hand car can come down by 10k. Everyone is cash-strapped and I can understand the appeal of some cash now as against the possibility of more cash later (on a depreciating asset).

A friend of mine recently bought a Chrysler Vogager for cash (no trade in). The asking price was 29k but his max budget was 22k. Within a week, the dealer had accepted 22k after initially telling him to "go away".
 
article in the online Indo talks about BMW sourcing UK cars for customers to save them the hassle of doing so!
 
They only have to pay VRT at the time of registration (i.e. when it's sold). However the sale price should properly include the VRT so that the price you're quoted for an import is the full price you have to pay.
 
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