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OrientExpress
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Wholesale value of the 2011 Leaf @Auction June 2017

Mon Mar 26, 2012 7:42 am

Given the various discussions of what a 2011 Leaf is worth at trade and on the wholesale markets, I wanted to provide some information that might not be generally available to the average Leaf Owner.

All dealers buy and sell cars on the wholesale market through auction houses, and the largest of those auction houses is the Manheim Group. I have access to the auction prices that dealers are paying for Leafs at Manheim, and I will be posting them on this thread for the next couple of months to provide a benchmark for those that are considering trading in their Leaf for another Leaf or other car.

The bottom line right now is that Dealers are paying close to 100% of the Leafs original Tax-Credit adjusted retail price at wholesale for used 2011 Leafs, and they are reselling those Leafs at close to 100% of their original full MSRP. This is a good indication of solid demand and tight supply in today's market.

From February 2012:

Image

From late March 2012:

Image
Last edited by OrientExpress on Tue Jun 06, 2017 12:17 pm, edited 9 times in total.
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EdmondLeaf
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 7:52 am

I like that

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lpickup
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 7:59 am

What? I thought the NY Times said:
NY Times wrote:Nissan’s all-electric Leaf is struggling in the market.

NY Times wrote:the state of the electric car is dismal


See: NYTimes does its bit on EVs

Another case of lazy reporting and exaggeration...

Thanks for sharing!
...Lance

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Stanton
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 8:33 am

Interesting! Thanks for sharing the data.
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coqui
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 8:35 am

+1
EdmondLeaf wrote:I like that
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coqui
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 8:39 am

Hmmm...wonder what the NY Times would write if Iran decides to attempt closure of the Strait of Hormuz?
lpickup wrote:What? I thought the NY Times said:
NY Times wrote:Nissan’s all-electric Leaf is struggling in the market.

NY Times wrote:the state of the electric car is dismal


See: NYTimes does its bit on EVs

Another case of lazy reporting and exaggeration...

Thanks for sharing!
2012 SL+QC Brilliant Silver
Nickname "coqui" (small frog indigenous to Puerto Rico)
EVSE L1 Nissan, L2 Duke Energy Pilot Program

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TomT
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 9:13 am

Guys, one thing we need to stay cognizant of is that we use petroleum for SO many things that has nothing to do with fueling vehicles. Even if every car in this country was electric tomorrow, the closing of the straight would still have major implications in this country and we would see the prices of almost everything sky rocket and/or become supply limited if it were to continue for any length of time.

coqui wrote:Hmmm...wonder what the NY Times would write if Iran decides to attempt closure of the Strait of Hormuz?
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edatoakrun
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 9:34 am

"OrientExpress"]Given the various discussions of what a 2011 Leaf is worth at trade and on the wholesale markets, I wanted to provide some information that might not be generally available to the average Leaf Owner...


Thanks for this, earlier, and future reports.

The high currant resale value of LEAFs, was a factor, leading me to conclude, that maintaining the last 26 months of my LEAF's lease was, a very expensive "insurance policy" for being underwater on residual value, in May 2013.

So I bought it, a few weeks ago.
no condition is permanent

GaslessInSeattle
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 9:55 am

we received 25K in trade in for our 2011 after some rangling, it had 12,000 miles on it. We received the full tax credit and EV's are exempt from sales tax in WA. we intend to continue trading up early as long as it makes $$ sense and there continue to be big jumps in what is offered (the CWP was worth it for us and depending on the value drop over the 2013, the 6.6 and new heater may be as well). after deducting the savings in gas over the miles driven, this really turns into doable approach. Seems we faired better than leasing. One thing I can say about the tax incentives is that it very much helps buffer the risk of buying such new technology. We also feel good about opening up the used market for EV's, particularly for those who do not qualify for the tax credit.
Gasless: Silver 2012 SL, traded in for Lease on 1/13
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Ready2plugin
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Re: Wholesale value of the 2011 Leaf @Auction

Mon Mar 26, 2012 1:58 pm

Thanks for posting this. I'm thinking about either trading my LEAF in or letting my wife use it for her commute and leasing a Volt now that the 2012 qualifies for the car pool lane in California and I have a ChargePoint at work, so I should be able to drive 100% without gas. This is good information to have.

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