Wholesale value of the 2013 Leaf @Auction-March '18

[OrientExpress]

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.



Enjoy.

[greengate]

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]

(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" onclick="window.open(this.href);return false;

[MikeinDenver]

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.

[EngravEER]

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]

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]

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

[OrientExpress]

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.

[TimLee]

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

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

[TimLee]

...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.