New Land Rover Defender

[nsm3]

A good friend of mine took delivery of his £55k Defender on Tuesday and sold it Thursday for £69K within 1 minute of going live on Autotrader!

He was offered slightly more, but honoured the 1st buyer as he'd given a deposit. He's only put 50 miles on it and intended to keep, but the prices he was seeing meant he had to give it a punt. To say I'm gobsmacked is an understatement!

[PorscheMack]

A good friend of mine took delivery of his £55k Defender on Tuesday and sold it Thursday for £69K within 1 minute of going live on Autotrader!

He was offered slightly more, but honoured the 1st buyer as he'd given a deposit. He's only put 50 miles on it and intended to keep, but the prices he was seeing meant he had to give it a punt. To say I'm gobsmacked is an understatement!

Why Gobsmacked?

[MCDK]

That’s pretty much the market for them. Wait 6 to 12 months or pay 15 to 20k over list.

[PorscheMack]

Assume a Macan will have similar lead time now

[Nuclear Nick]

A good friend of mine took delivery of his £55k Defender on Tuesday and sold it Thursday for £69K within 1 minute of going live on Autotrader!

He was offered slightly more, but honoured the 1st buyer as he'd given a deposit. He's only put 50 miles on it and intended to keep, but the prices he was seeing meant he had to give it a punt. To say I'm gobsmacked is an understatement!

He probably sold it too cheaply. There are many selling for more than that. Some dealers have offered customers tens of £k not to collect their new vehicles so that they can register them and sell them for huge profits.

I'm waiting for a V8 and out of interest checked on Autotrader - there were quite a few listed at around 30 to 40 £k above list. A couple of 007 versions were over twice their list price!!

I'm told Land Rover, like Porsche, will blacklist customers flipping their cars for profit.

[MCDK]

Saw online recently where someone was being asked by their Landrover dealer to sign a letter saying they would not sell their Defender on order for commercial gain within the first 12 months.
That is very open to interpretation on what is a commercial gain and seems to target used car dealers who order cars and then flip them with delivery miles for huge profit. A private buyer would be making a personal gain by selling theirs but I imagine doing it too often would lead to blacklisting.

Rather than order and sell immediately for a big profit I would prefer to get one, drive it maybe 12 months and then sell for cost or maybe a bit more. That way you get to enjoy the car for little or no money.

[Tracky]

Saw online recently where someone was being asked by their Landrover dealer to sign a letter saying they would not sell their Defender on order for commercial gain within the first 12 months.
That is very open to interpretation on what is a commercial gain and seems to target used car dealers who order cars and then flip them with delivery miles for huge profit. A private buyer would be making a personal gain by selling theirs but I imagine doing it too often would lead to blacklisting.

Rather than order and sell immediately for a big profit I would prefer to get one, drive it maybe 12 months and then sell for cost or maybe a bit more. That way you get to enjoy the car for little or no money.

Makes sense

[Bluesnose1812]

Saw online recently where someone was being asked by their Landrover dealer to sign a letter saying they would not sell their Defender on order for commercial gain within the first 12 months.
That is very open to interpretation on what is a commercial gain and seems to target used car dealers who order cars and then flip them with delivery miles for huge profit. A private buyer would be making a personal gain by selling theirs but I imagine doing it too often would lead to blacklisting.

Rather than order and sell immediately for a big profit I would prefer to get one, drive it maybe 12 months and then sell for cost or maybe a bit more. That way you get to enjoy the car for little or no money.

That's if used car prices don't crash. When I placed my order in September I sold my car for what I paid 10 months earlier because I thought that by March covid would be history and car manufacturing back to normal and nearly new prices would plummet. Thanks Vlad.

[Wing Commander]

A good friend of mine took delivery of his £55k Defender on Tuesday and sold it Thursday for £69K within 1 minute of going live on Autotrader!

He was offered slightly more, but honoured the 1st buyer as he'd given a deposit. He's only put 50 miles on it and intended to keep, but the prices he was seeing meant he had to give it a punt. To say I'm gobsmacked is an understatement!

He probably sold it too cheaply. There are many selling for more than that. Some dealers have offered customers tens of £k not to collect their new vehicles so that they can register them and sell them for huge profits.

I'm waiting for a V8 and out of interest checked on Autotrader - there were quite a few listed at around 30 to 40 £k above list. A couple of 007 versions were over twice their list price!!

I'm told Land Rover, like Porsche, will blacklist customers flipping their cars for profit.

So it’s fine for the dealer to flip for huge profits (where dealer offers tens of £ks to not collect their new vehicle) but not for the customer!?

[PorscheMack]

Saw online recently where someone was being asked by their Landrover dealer to sign a letter saying they would not sell their Defender on order for commercial gain within the first 12 months.
That is very open to interpretation on what is a commercial gain and seems to target used car dealers who order cars and then flip them with delivery miles for huge profit. A private buyer would be making a personal gain by selling theirs but I imagine doing it too often would lead to blacklisting.

Rather than order and sell immediately for a big profit I would prefer to get one, drive it maybe 12 months and then sell for cost or maybe a bit more. That way you get to enjoy the car for little or no money.

Better still, the day you collect your Macan put a deposit down on another one and if the market is still crazy come build lock time sell for same/more£ and get a new one!!