Will the long 2006 model year for the GS hurt resale value?
02-23-05, 12:30 PM
#1
Lead Lap
Thread Starter
Will the long 2006 model year for the GS hurt resale value?
This may seem like a silly question to be asking at this point but the 2006 GS will be available for about a year and a half, from now (February 2005) until September 2006 when the 2007 should come out. This means that Lexus will probably produce way more 2006 GS's than in a normal model year. Does anybody think this will hurt resale value?
02-23-05, 12:44 PM
#2
Lexus Connoisseur
Lexus vehicles historically have great resale value, so it's highly unlikely the Gen 2 GS' value will suffer. Obviously there is depreciation for any vehicle, but Lexus vehicles have always had a good record of high resale values.
02-23-05, 12:51 PM
#3
I think it depends on what Lexus adds to the new 07 model. I'm in the same boat with my 04 RX330 which came out in March 2003 as an 04 model. Now I'm a little annoyed that the 05 got bluetooth. If I were one in the used RX330 market I would skip the 04 and get an 05. Not just because of the bluetooth but because they probably have all the bugs worked out by the 2nd year. All 1st year runs no matter what brand will suffer just a bit in resale compared to the 2nd run. Think about it. For my 04 RX330 there was at least 1 recall, 1 more potential recall. and about 34 TSBs. Most of those problems should be fixed in the 05. We can't predict what potential problems might come up with the 06 GS, but more than likey the 07 will have most of it solved by then. That alone makes the 06 depreciate more than the rest of the run IMHO.
02-23-05, 12:52 PM
#4
Lead Lap
Thread Starter
I actually meant the resale value of the 2006 GS's specifically. If in the future I'm out there looking for a 2006 GS and there is a ton of supply, won't that lower the price?
02-23-05, 12:55 PM
#5
Lexus Connoisseur
Originally Posted by Sam Khoury
I actually meant the resale value of the 2006 GS's specifically. If in the future I'm out there looking for a 2006 GS and there is a ton of supply, won't that lower the price?
02-23-05, 12:55 PM
#6
Guest
Posts: n/a
Originally Posted by Sam Khoury
I actually meant the resale value of the 2006 GS's specifically. If in the future I'm out there looking for a 2006 GS and there is a ton of supply, won't that lower the price?
Lexus won't try to hurt resale value, they know how important it is to a luxury car/brands image and how important it is to a buyer. Its a big facet of buying a luxury car.
So the answer is no.
02-23-05, 12:57 PM
#7
Originally Posted by Sam Khoury
I actually meant the resale value of the 2006 GS's specifically. If in the future I'm out there looking for a 2006 GS and there is a ton of supply, won't that lower the price?
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02-23-05, 01:15 PM
#8
Lead Lap
Thread Starter
Originally Posted by 1SICKLEX
Lexus has stated they want to triple current GS sales which I think was about 7-8k a year I think?
Lexus won't try to hurt resale value, they know how important it is to a luxury car/brands image and how important it is to a buyer. Its a big facet of buying a luxury car.
So the answer is no.
Lexus won't try to hurt resale value, they know how important it is to a luxury car/brands image and how important it is to a buyer. Its a big facet of buying a luxury car.
So the answer is no.
02-23-05, 01:28 PM
#9
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Posts: n/a
Originally Posted by Sam Khoury
I'm sure the 2nd generation GS sales have fallen off the last couple of years because it's been around since 1998 (8 model years if you include 2005) so for Lexus to say they want to triple current GS sales doesn't really say that much when the current sales are so low. I know when I got my 2002 GS300, the number of GS430 coming in from Japan per month was very small. I'd love to see the sales numbers for the second generation GS from 1998 to 2005. If I had to guess, sales probably peaked in 2000 or 2001 and slowly went down since then.
Looking for sales numbers, I listed them before, have to go find.
02-23-05, 01:40 PM
#13
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Code:
toyota Retail Sales
(includes Fleet & Hawaii)
December, 2001
----- Current Month -- -- Calendar Year To Date --
Dsr % Dsr %
2001 2000 Chg 2001 2000 Chg
Echo 2,505 3,450 -27.4 42,464 48,876 -13.1
Corolla 16,491 13,820 19.3 245,023 230,156 6.5
Celica 1,852 2,580 -28.2 35,720 52,406 -31.8
Supra 0 1 -100.0 3 2 50.0
Camry 33,106 36,811 -10.1 390,449 422,961 -7.7
Avalon 5,724 6,899 -17.0 83,005 104,078 -20.2
Mr2 Spyder 368 478 -23.0 6,254 7,233 -13.5
Prius 1,780 1,134 57.0 15,556 5,562 179.7
Total Toyota Div.
Pass. Car 61,826 65,173 -5.1 818,474 871,274 -6.1
Es 300 5,961 3,531 68.8 44,847 41,320 8.5
Ls 430 2,365 2,940 -19.6 31,110 15,871 96.0
Sc 300 0 8 -100.0 7 450 -98.4
Sc 430 1,498 2 74800.0 14,326 181 7814.9
Gs 300 1,662 1,908 -12.9 19,848 21,921 -9.5
Gs 430 293 499 -41.3 4,613 6,158 -25.1
Is 300 1,738 2,147 -19.0 22,486 15,540 44.7
Total Lexus Passenger
Car 13,517 11,035 22.5 137,237 101,441 35.3
02-23-05, 01:43 PM
#14
Guest
Posts: n/a
I cannot find year 2000 for NOTHING. But amazingly, seems it had to be a strong year. The 98/99 had 30k sales, 2001 with 25k sales. I did not know that about the later year.
Code:
TOYOTA RETAIL SALES
(INCLUDES FLEET & HAWAII)
December, 2003
----- CURRENT MONTH ----- -- CALENDAR YEAR TO DATE --
DSR % DSR %
2003 2002 CHG 2003 2002 CHG
ECHO 339 2,384 -86.3 26,167 30,859 -15.2
COROLLA 19,712 19,610 -3.3 325,477 254,360 28.0
CELICA 813 1,227 -36.3 14,856 22,893 -35.1
CAMRY 29,818 31,009 -7.5 413,296 434,145 -4.8
AVALON 3,311 4,898 -35.0 50,911 69,029 -26.2
MR2 SPYDER 171 241 -31.8 2,934 4,705 -37.6
PRIUS 4,025 1,790 116.2 24,627 20,119 22.4
SCION xA 420 - -- 3,962 - --
SCION xB 865 - -- 6,936 - --
TOTAL TOYOTA DIV.
PASS. CAR 59,474 61,159 -6.5 869,166 836,110 4.0
ES 300 6,762 7,188 -9.5 65,762 71,450 -8.0
LS 430 3,087 2,171 36.7 23,895 26,261 -9.0
SC 430 673 1,032 -37.3 10,298 14,462 -28.8
GS 300 1,027 1,402 -29.6 11,228 14,788 -24.1
GS 430 150 238 -39.4 2,078 2,458 -15.5
02-23-05, 01:45 PM
#15
Guest
Posts: n/a
Hmm, seems Lexus slowed down production for 2004
Sell-down of the GS mid-luxury sports sedans continued on schedule with 8,262 units sold.
Code:
TOYOTA RETAIL SALES
(INCLUDES FLEET & HAWAII)
December, 2004
----- CURRENT MONTH ---- -- CALENDAR YEAR TO DATE --
DSR % DSR %
2004 2003 CHG 2004 2003 CHG
ECHO 306 339 -13.1 3,899 26,167 -85.1
COROLLA 26,408 19,712 29.0 333,161 325,477 2.0
CELICA 494 813 -41.5 8,710 14,856 -41.6
CAMRY 35,032 29,818 13.1 426,990 413,296 3.0
AVALON 2,876 3,311 -16.4 36,460 50,911 -28.6
MR2 SPYDER 121 171 -31.9 2,621 2,934 -11.0
PRIUS 6,287 4,025 50.4 53,991 24,627 118.5
SCION xA 2,000 420 358.6 24,184 3,962 508.4
SCION xB 3,827 865 326.0 47,013 6,936 575.6
SCION tC 4,859 0 - 28,062 0 -
TOTAL TOYOTA DIV.
PASS. CAR 82,210 59,474 33.1 965,091 869,166 10.7
ES 330 8,496 6,762 21.0 75,916 65,762 15.1
LS 430 3,460 3,087 7.9 32,272 23,895 34.6
SC 430 829 673 18.6 9,708 10,298 -6.0
GS 300 734 1,027 -31.2 6,914 11,228 -38.6
GS 430 102 150 -34.5 1,348 2,078 -35.3
IS 300 671 939 -31.2 9,972 13,559 -26.7
TOTAL LEXUS
PASS. CAR 14,292 12,638 8.9 136,130 126,820 7.0