User avatar
OrientExpress
Forum Supporter
Posts: 944
Joined: Sun Aug 08, 2010 12:22 pm
Delivery Date: 10 May 2011
Leaf Number: 2331
Location: San Jose, Ca

Wholesale value of the 2013 Leaf @Auction-June '17

Tue Mar 10, 2015 12:26 pm

By Popular Demand, I am adding a new Dealer Wholesale Auction tracking thread for the 2013 LEAF SL. These reports are actual wholesale transactions at auction nationally for the 2013 LEAF SL.

Here is the first one for week ending March 5th 2015.

Image

Enjoy.
Last edited by OrientExpress on Tue Jun 06, 2017 12:23 pm, edited 9 times in total.
2014 LEAF SV
Ocean Blue
Delivery May 23 2014
46,000+ miles - all 12 bars - Same range as new - No warranty issues ever!

greengate
Gold Member
Posts: 537
Joined: Mon Feb 04, 2013 9:31 pm
Delivery Date: 04 Feb 2013
Location: Wilmette, IL

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 7:17 am

Really great post.

Thanks for putting it up.

(I was told by someone who knows about these "things" that when the car is turned in after the lease has expired, that Nissan looses about 7 K on each one.)

tractioninc
Posts: 42
Joined: Fri Jun 21, 2013 11:28 am
Location: Atlanta

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 8:27 am

greengate wrote:(I was told by someone who knows about these "things" that when the car is turned in after the lease has expired, that Nissan looses about 7 K on each one.)


I've been curious about that. The Wall Street Journal just cited a dealership near me that is receiving 100-150 Leafs each month as leases expire and has to turn in most of the cars to Nissan, even though Nissan offers current lessees $4,000 in incentives to buy the used model they are driving.
http://www.wsj.com/articles/resale-pric ... 1424977378
Kia Soul EV, Mazda MX-5 turbo, BMW M3

MikeinDenver
Posts: 328
Joined: Mon Apr 28, 2014 10:40 am
Delivery Date: 03 May 2014
Leaf Number: 413923
Location: Columbus, OH

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 8:35 am

This bodes well for me because it sounds like Nissan would take a massive hit in 2017 when I would turn in my 13 considering they are already going for less than my residual. Maybe I will get a hefty discount in which case I would probably keep it.
2013 SL

EngravEER
Posts: 59
Joined: Sun Dec 23, 2012 7:42 pm
Delivery Date: 19 Jun 2013
Leaf Number: 409768
Location: Martinsburg, WV (approx. 75 miles west of Washington, D.C.)

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 11:21 am

MikeinDenver wrote:This bodes well for me because it sounds like Nissan would take a massive hit in 2017 when I would turn in my 13 considering they are already going for less than my residual. Maybe I will get a hefty discount in which case I would probably keep it.

EXACTLY what I'm hoping for ;)

knightmb
Posts: 420
Joined: Mon Jan 12, 2015 7:41 pm
Delivery Date: 15 Sep 2013
Leaf Number: 414897
Location: Franklin, TN

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 12:45 pm

greengate wrote:Really great post.

Thanks for putting it up.

(I was told by someone who knows about these "things" that when the car is turned in after the lease has expired, that Nissan looses about 7 K on each one.)

I've never seen a lease to sell vehicle price $7k under market value, especially considering that each lease vehicle has earned Nissan $7,500 to $10,000 in tax breaks along with other state incentives. If you Lease a 2015 right now, say full retail price is $30k, Nissan will get at least $7,500 back from the government, so really the vehicle price is $22,500 and after a 2 year lease they make another $9k (more if you get a 3 year lease). So after a few years, they get a vehicle back with usually very low mileage and a good maintenance record (as required by the lease) and then turn around and sell the vehicle as used or certified (or lease again) which either makes more money from the lease or sells at market value which they still make some profit from.

Now, throw in the financing charges and bank deals and Nissan is making money the entire time. Maybe not as much as the ICE vehicles, but I don't see where they would lose $7k every time.

mn4az
Posts: 27
Joined: Wed Apr 24, 2013 5:24 pm
Location: USA

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 2:53 pm

Noob question: How do I read that graphic? Is it saying that a '13 Leaf with 24K miles is going for about $12.7K

User avatar
OrientExpress
Forum Supporter
Posts: 944
Joined: Sun Aug 08, 2010 12:22 pm
Delivery Date: 10 May 2011
Leaf Number: 2331
Location: San Jose, Ca

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 3:11 pm

mn4az wrote:Noob question: How do I read that graphic? Is it saying that a '13 Leaf with 24K miles is going for about $12.7K


In this report the SALE PRICE is what dealers (not retail buyers) are buying these vehicles at WHOLESALE. On top of that price, a dealer also pays an auction commission of about $500. The report judges car as Above average, Average, or Below average.

These are generally not what a retail customer would pay, but rather a wholesale cost to the dealer.

In the second block is an estimated retail for that vehicle based on actuals and condition. The spread between Auction+fees+reconditioning - Est. retail is the spread the dealer has to work with to make their profit.

This report is a national report averaging prices. West Coast auctions generally sell cars for a higher price than central or east coast auctions.

Image
2014 LEAF SV
Ocean Blue
Delivery May 23 2014
46,000+ miles - all 12 bars - Same range as new - No warranty issues ever!

TimLee
Posts: 2810
Joined: Thu Jan 20, 2011 9:40 am
Delivery Date: 17 May 2011
Leaf Number: 2026
Location: Chattanooga, TN

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 5:31 pm

OrientExpress wrote:By Popular Demand, I am adding a new Dealer Wholesale Auction tracking thread for the 2013 LEAF SL. ...
Enjoy.

Thank you very much :!: :D
Your auction price postings are very valuable to the LEAF community :!:

Tim Lee
Chattanooga, TN

Man. Date: 03/10/11, VIN # 2026
Delivered 05-17-2011
Blue Ocean, 2011 SL-eTec

TimLee
Posts: 2810
Joined: Thu Jan 20, 2011 9:40 am
Delivery Date: 17 May 2011
Leaf Number: 2026
Location: Chattanooga, TN

Re: Wholesale value of the 2013 Leaf @Auction-March '15

Wed Mar 11, 2015 5:39 pm

knightmb wrote:...I've never seen a lease to sell vehicle price $7k under market value, especially considering that each lease vehicle has earned Nissan $7,500 to $10,000 in tax breaks along with other state incentives. If you Lease a 2015 right now, say full retail price is $30k, Nissan will get at least $7,500 back from the government, so really the vehicle price is $22,500 and after a 2 year lease they make another $9k (more if you get a 3 year lease).
... I don't see where they would lose $7k every time.

The cost of the lease is based on end of lease value versus their cost, which is price minus the government subsidies.
Based on wholesale prices they have been losing lots of $.
Will lose less $ on the later models because they lowered the residual estimates (ttherefore raised the lease cost).

Surely you don't think the government subsidy a purchaser gets is real profit for Nisssn?
The LEAF will lose $ on everyone they sell or lease for another five years or more.

Tim Lee
Chattanooga, TN

Man. Date: 03/10/11, VIN # 2026
Delivered 05-17-2011
Blue Ocean, 2011 SL-eTec

Return to “Buying / Leasing / Dealerships”