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evnow
Moderator
Posts: 11480
Joined: Thu Apr 22, 2010 11:41 am
Delivery Date: 25 Feb 2011
Leaf Number: 303
Location: Seattle, WA

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

Sun Jun 07, 2015 4:54 pm

I won't be surprised if a lot of Leafs are going abroad, where they get better price.
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to 5/25/2018
Model 3 : 5/10/2018 to ?

TimLee
Posts: 2811
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

Mon Jun 08, 2015 2:58 am

tractioninc wrote:...even though Nissan offers current lessees $4,000 in incentives to buy the used model they are driving.
...
The report in End of Lease thread is the Nissan residual reduction on 2013 is now $6,500.

Tim Lee
Chattanooga, TN

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

ydnas7
Posts: 590
Joined: Tue Sep 27, 2011 8:57 am

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

Mon Jun 08, 2015 5:30 am

evnow wrote:I won't be surprised if a lot of Leafs are going abroad, where they get better price.
No, once Nissan localized production in USA and UK, then used car transfer between USA and EU would be very expensive due to homogulation issues. For the 2011/2012 LEAF made in Japan, yeah they probably were globally homogulated, but 2013 onwards, no.

So unless going abroad implies South America or Bhutan or the like, then its unlikely that used 2013 used LEAFs are leaving the shores of the USA.

Elephanthead
Posts: 166
Joined: Wed Feb 20, 2013 8:54 am
Delivery Date: 20 Feb 2013

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

Mon Jun 08, 2015 6:39 am

With the prices so cheap it probably would make sense to daisy chain a few for longer commutes if there is a private location between work and home where you can pony express one.

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TomT
Posts: 10642
Joined: Sun Aug 08, 2010 12:09 pm
Delivery Date: 01 Mar 2011
Leaf Number: 000360
Location: California, now Georgia
Contact: Website

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

Mon Jun 08, 2015 8:06 am

Still not enough in my opinion...
TimLee wrote:
tractioninc wrote:...even though Nissan offers current lessees $4,000 in incentives to buy the used model they are driving.
...
The report in End of Lease thread is the Nissan residual reduction on 2013 is now $6,500.
Leaf SL 2011 to 2016, Volt Premier 2016 to 2019, and now:
2019 Model 3; LR, RWD, FSD, 19" Sport Wheels, silver/black; built 3/17/19, delivered 3/29/19.

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OrientExpress
Posts: 1504
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 '15

Thu Jun 18, 2015 7:35 am

Here is the current auction sale actuals for a 2013 LEAF SL

Image
2018 LEAF SL
Gun Metalic
Delivery April 10 2018

Prior LEAF:
2014 LEAF SV
Ocean Blue
Delivery May 23 2014
50,000+ miles - all 12 bars - Same range as new - No warranty issues ever!

AskingQuestions
Posts: 18
Joined: Sat Jun 20, 2015 2:11 am
Delivery Date: 20 Jun 2015

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

Sat Jun 20, 2015 2:51 am

As someone currently looking for a 2013 Nissan Leaf, it's very interesting to see this thread.

In case this post should rather be in a different thread, please move.

It's very interesting to see, that "for the week ending June 13", 141 were sold at dealer auctions nationally, and the average price is "$11,550" with an odometer of 17,918.

It's surprising for at the same time, as it seems like these lower prices paid by dealers at dealer auctions don't seem to come through to the retail prices though. In the lower part of the image, there is the estimate of a retail price of $14,200 on average (possibly with roughly 18,000 odometer) and an estimated "below average" retail price of $12,950 (possibly with roughly 27,000 odometer). As of today, Saturday, June 20, according to autotrader.com, there seem to be exactly 7 2013 Nissan Leaf with the SL trim below $14,000 for sale in the whole state of California, and the absolutely lowest is $13,500 for a SL with 27,000 miles at Nissan Sunnyvale, all other ones are more like $13,900 and $13,999.

So as the average estimated retail of the 2013 Nissan Leaf SL was supposed to be $14,200, where all those that are below the average? If there are the 141 SL sold at dealer auctions within one week, where do they all go to? Is it possible that many of those are in Maryland, where 2 year leases were more popular, vs. f.e. California, where most offers were 3 year leases? Or are those auctions not only within a state, but does Nissan ship the vehicles across the country? How long does it take for the vehicles sold at dealer auctions to actually be available for sale to the consumer?

In addition, my question is if the 2013 Nissan Leaf prices at dealer auctions might continue to fall in the next month, as one was able to see a considerable decrease in prices if looking at the images from April etc, or if the prices will stay stable now, as Nissan made end-of-lease purchase offers more attractive?

Finally, a thought is if not only the prices might not go even lower anymore, but also if the quantity, the number of 2013 Nissan Leaf vehicles (no matter if SL, SV or S) at dealer auctions become significantly less, because a significantly higher amount of people with a 2013 lease running out might accept the $6,500 offer, compared with a higher amount of vehicles being returned in the past, when Nissan just offered $4,000 or less?

edatoakrun
Posts: 5222
Joined: Thu Nov 11, 2010 9:33 am
Delivery Date: 15 May 2011
Leaf Number: 2184
Location: Shasta County, North California

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

Sat Jun 20, 2015 10:16 am

AskingQuestions wrote: ...It's surprising for at the same time, as it seems like these lower prices paid by dealers at dealer auctions don't seem to come through to the retail prices though. In the lower part of the image, there is the estimate of a retail price of $14,200 on average (possibly with roughly 18,000 odometer) and an estimated "below average" retail price of $12,950 (possibly with roughly 27,000 odometer). As of today, Saturday, June 20, according to autotrader.com, there seem to be exactly 7 2013 Nissan Leaf with the SL trim below $14,000 for sale in the whole state of California, and the absolutely lowest is $13,500 for a SL with 27,000 miles at Nissan Sunnyvale, all other ones are more like $13,900 and $13,999.

So as the average estimated retail of the 2013 Nissan Leaf SL was supposed to be $14,200, where all those that are below the average?...
The nationwide used BEV market is distorted by regional differences in new/used incentives.

California, where you are looking, has a substantial rebate on new BEV sales ($2,500) which tends to depress used BEV prices, both by reducing the price of new BEVs, and encouraging BEV owners to dump their used LEAFs on the market and collect another $2,500 (+ $7,500 FTC, of course) after only a few years.

But California also has a non-$ incentive on sales of used BEVs, the white HOV sticker, that might be keeping prices a little bit higher than the national average.

The lowest prices reported on this forum seem to be from the price depression in the region around Georgia where there are large incentives ($5k) on new BEV sales, at least for Another 10 days.

IIRC, one Sacramento LEAF buyer on this forum mentioned that he got a better deal than he could get near home by looking in the foothills.

If I were trying to sell my LEAF for the best price, I might try to market it in a part of CA with the worst traffic, and greatest demand for a pass into the HOV lanes.

And if I were a CA buyer trying to find the best deal, I'd be looking where there are no HOV lanes nearby.
no condition is permanent

AskingQuestions
Posts: 18
Joined: Sat Jun 20, 2015 2:11 am
Delivery Date: 20 Jun 2015

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

Sat Jun 20, 2015 1:16 pm

@edatoakrun: Thank you very much for your reply. I don't know if the sole fact of HOV lanes is making used Leafs more expensive in California. Could also be supply and demand, if lots of Leafs are coming off 2 year leases in Georgia, and Nissan does indeed not ship them across the country to another states where more demand is. Still, thank you very much. Writing all this, I realize possibly all this is very much off-topic in this thread, as the original topic was wholesale value at dealer auctions... :)

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

Sat Jun 20, 2015 9:06 pm

My buyout price of 21k is a full 10k more than the auction price. Why do people still think financially it is better to buy than lease?
1st Leaf : 2/28/2011 to 5/6/2013
2nd Leaf : 5/4/2013 to 3/21/2017
Volt : 3/25/2017 to 5/25/2018
Model 3 : 5/10/2018 to ?

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