Manheim Auction Prices
Thread Starter
Instructor
Joined: Nov 2004
Posts: 110
Likes: 2
Manheim Auction Prices
Can any of the Corvette community help me out? I think I was Taken for a ride by the dealer on my trade in. If you can check out current auction prices for my car I would be very grateful. 2011 Audi A5 Cabriolet. 4 cylinder, quatro, premium plus package, navigation package, excellent condition, 58K highway miles, sticker price $51,345.00. Kelly blue book shows the trade-in to be worth $27K ( range:26-28). After I drove 4 hrs to the dealer (who wouldn't give me a ballpark figure over the phone), he said it was only worth $17K at current auction prices. Thank you in advance
Pro
Joined: Feb 2008
Posts: 579
Likes: 2
From: Concord NH
Can any of the Corvette community help me out? I think I was Taken for a ride by the dealer on my trade in. If you can check out current auction prices for my car I would be very grateful. 2011 Audi A5 Cabriolet. 4 cylinder, quatro, premium plus package, navigation package, excellent condition, 58K highway miles, sticker price $51,345.00. Kelly blue book shows the trade-in to be worth $27K ( range:26-28). After I drove 4 hrs to the dealer (who wouldn't give me a ballpark figure over the phone), he said it was only worth $17K at current auction prices. Thank you in advance
Good luck!
Race Director
Joined: May 2008
Posts: 10,742
Likes: 629
From: Manheim Pennsylvania
Yea, that was nice of them to have you drive four hours, then want you to give away your car. Lesson learned; if a dealer will not give you a trade in price range in advance (price range based on condition) then don't waste any more time on this dealer. The ploy here was; after the customer spends hours traveling, he will most likely take a trade in offer lower than book. Another hidden scam, and it is legal.
Melting Slicks
Joined: Jul 2006
Posts: 2,090
Likes: 51
From: Georgetown TX
You have to do your own homework and not trust what the dealer tells you. They almost always want to steal your trade. I ended up selling my C6 for more that $12K more than the highest "trade" value I could get from the dealer. As a point of interest, the LOWEST trade value I rec'd was from one of our highly regarded forum dealers (just sayin')
Last edited by beepster; Mar 25, 2014 at 08:28 AM.
Thread Starter
Instructor
Joined: Nov 2004
Posts: 110
Likes: 2
You have to do your own homework and not trust what the dealer tells you. They almost always want to steal your trade. I ended up selling my C6 for more that $12K more than the highest "trade" value I could get from the dealer. As a point of interest, the LOWEST trade value I rec'd was from one of our highly regarded forum dealers (just sayin')
Instructor
Joined: Oct 2013
Posts: 237
Likes: 7
From: Brookeville Md
Race Director
Joined: May 2008
Posts: 10,742
Likes: 629
From: Manheim Pennsylvania
The only problem with selling yourself is; customer only wants to pay low book price and you need to make up the sales tax credit for trade in. You might go through the hassle on selling only to come out basically the same as if you traded.
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Safety Car
Joined: Feb 2007
Posts: 4,939
Likes: 448
From: CHOCOWINITY NC
Dealers will always default to the worst case scenario....what they can sell the car for at wholesale.
Local dealer quoted me $25K trade for my Beautiful, low mileage Cayman S, because that's what the big city Porsche dealer lowballed him with over the phone. (Rural area here, not much market for fancy Furrin cars).
This against MSRP on a Z51..
Not a stretch I could make. Sold the Porsche myself a few weeks later for $34K.....$9K more which I could put toward building my C7 to the spec's I wanted.
Local dealer quoted me $25K trade for my Beautiful, low mileage Cayman S, because that's what the big city Porsche dealer lowballed him with over the phone. (Rural area here, not much market for fancy Furrin cars).
This against MSRP on a Z51..
Not a stretch I could make. Sold the Porsche myself a few weeks later for $34K.....$9K more which I could put toward building my C7 to the spec's I wanted.
Last edited by Modshack; Mar 25, 2014 at 09:12 AM.
Race Director
Joined: May 2008
Posts: 10,742
Likes: 629
From: Manheim Pennsylvania
My experience with a Forum dealer is basically the same; no advanced trade in pricing. The dealer I was working with also wouldn't give me a ball park price over the phone either. I expected a price on my car, subject to condition. Nothing mentioned, nothing to be gained, so that ended the process before it started.
Premium Supporting Vendor
Joined: Oct 2005
Posts: 13,975
Likes: 980
From: Clinton Township MI
C7 of Year Finalist (track prepared) 2019
Here are the recent Manheim auction results for that vehicle:
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Melting Slicks
Joined: Jul 2006
Posts: 2,090
Likes: 51
From: Georgetown TX
Here are the recent Manheim auction results for that vehicle:
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Team Owner
Joined: Sep 1999
Posts: 41,732
Likes: 1,718
From: Springfield MO
You don't necessarily lose the sales tax credit when you sell a car yourself vs trading it in. Different states have different rules regarding it. In Missouri, you can sell your old car up to 180 days before and up to 180 days after purchasing a different car and receive the sales tax credit. That is a 12 month window for selling your old car and getting the sales tax credit without having to trade your old car to a dealer.
Drifting
Joined: Sep 2013
Posts: 1,505
Likes: 13
You don't necessarily lose the sales tax credit when you sell a car yourself vs trading it in. Different states have different rules regarding it. In Missouri, you can sell your old car up to 180 days before and up to 180 days after purchasing a different car and receive the sales tax credit. That is a 12 month window for selling your old car and getting the sales tax credit without having to trade your old car to a dealer.
Last edited by mjw930; Mar 25, 2014 at 10:11 AM.
Drifting
Joined: Sep 2013
Posts: 1,505
Likes: 13
Auction prices should have no bearing on what the dealer should give you on a trade. I think your dealer is full of crap. Your car is worth $26k all day long - especially now with summer on the way. Here in New England, Audi dealers are paying a premium at auction for clean used cars like yours. Hopefully you didn't do the deal with the dealer. You may want to speak to an Audi dealer to explore an outright purchase of the car. The A5 cab is in very high demand.
Good luck!
Good luck!
However, when you see the actual auction results as posted in this thread you realize the dealer was blowing smoke.
Nobody uses KBB or NADA anymore, ever since they went public with their services.
Thread Starter
Instructor
Joined: Nov 2004
Posts: 110
Likes: 2
Here are the recent Manheim auction results for that vehicle:
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Auction Avg price avg odo. #sold Min price Max price
NJ $27,733 45,600 3 $24,800 $30,600
OHIO $27,567 57,285 3 $25,800 $30,100
PA $25,293 55,664 7 $19,600 $29,600
PALM BCH $32,000 19,906 1 $32,000 $32,000
RIVRSIDE $30,500 24,587 1 $30,500 $30,500
The auction prices are ridiculous right now. Going for full retail or more in some cases. Everybody got their tax returns back and emptied used car lots. Dealers are willing to pay way to much for cars at auction.
Instructor
Joined: Aug 2013
Posts: 155
Likes: 0
From: Southern Connecticut
Auction prices should have no bearing on what the dealer should give you on a trade. I think your dealer is full of crap. Your car is worth $26k all day long - especially now with summer on the way. Here in New England, Audi dealers are paying a premium at auction for clean used cars like yours. Hopefully you didn't do the deal with the dealer. You may want to speak to an Audi dealer to explore an outright purchase of the car. The A5 cab is in very high demand.
Good luck!
Good luck!
Just an fyi...an Audi dealer won't touch this car because of the mileage. Can't (won't) certify it.
I bet the stealer was hoping you would $hit yourself when you saw the new car and just sign the paperwork to get outa there. I have the latest results right in front of me..$24-$25k is probably all the money a decent Chevy dealer would put on that car.
Safety Car
Joined: Dec 2011
Posts: 3,608
Likes: 13
From: New Rochelle N.Y. 2013 Grand Sport
So what does that say for all you forum members who are in love with Kerbeck. They did this exact same sh**t to me when I was trying to trade my '12 coupe on a '13 GS they had in stock. I live 3 hours away and told them so and under no circumstances would they give me even a ball park figure over the phone. Said I had to bring it in. I said it's a 6 hour round trip and if I don't like your trade in price? They said too bad thats the way it is. I called Tommy Jr, He gave me a great trade price OVER THE PHONE and I had my new GS three days later.
Melting Slicks
Joined: Jul 2004
Posts: 2,574
Likes: 615
From: Springfield TN
Guys, if you were a dealer, would you pay more for a trade than you can buy the same car at wholesale auction? Why would you? You can replace the car all day at auction. And if you can get the trade at lower than auction, then you can make money reselling it at retail or reselling it at wholesale auction.
I just do not understand the hatred for making money I sometimes see here. I am not a dealer, but if I were, I would want to make the most money I could. I would be honest, but if someone comes to my office and agrees to trade his car at X to get his new Corvette, then I will trade, even if the car is worth X2. If the customer doesn't want to trade, then maybe I change the deal if I want to move the Corvette. No one made the OP deal at the price offered on his trade. He chose to go forward rather than drive home, or better yet, refuse to show up until a trade price was agreed in writing.
When we all go Tesla, we can just order our cars at MSRP over Amazon or Tesla direct and they will be delivered to our door. No dealers. This has sure happened in lots of other businesses over the years....and then we'll have to figure out how to support the hundreds of thousands of people who used to work for car dealers....
I just do not understand the hatred for making money I sometimes see here. I am not a dealer, but if I were, I would want to make the most money I could. I would be honest, but if someone comes to my office and agrees to trade his car at X to get his new Corvette, then I will trade, even if the car is worth X2. If the customer doesn't want to trade, then maybe I change the deal if I want to move the Corvette. No one made the OP deal at the price offered on his trade. He chose to go forward rather than drive home, or better yet, refuse to show up until a trade price was agreed in writing.
When we all go Tesla, we can just order our cars at MSRP over Amazon or Tesla direct and they will be delivered to our door. No dealers. This has sure happened in lots of other businesses over the years....and then we'll have to figure out how to support the hundreds of thousands of people who used to work for car dealers....