dackp143

iTrader: (3)

Actually that makes a lot of sense, I retract my last statement

Yes, give me a minute and Ill hook it up.

iRock

iTrader: (12)

This is good info for someone lookin to buy NOW.

dackp143

iTrader: (3)

This is Maryland's auction sales. I pulled them since that is where you are from:

Year Make Model Subseries Color Odometer Price
2006 LEXUS LS430 PREMIUM W/ WHITE - 62,122 - $26,300
2008 LEXUS LS460 BLACK - 25,468 - $35,700
2008 LEXUS LS460 STARFIRE - 21,109 - $37,000
2009 LEXUS LS460 BLACK - 43,037 - $41,250

1997 LEXUS LS400 GREEN 195,636 $2,900
2006 LEXUS LS430 PREMIUM W/ WHITE S 8 C A AM/FM SR L 62,122 $26,300
2008 LEXUS LS460 BLACK 4 8 GAS A 4X2 Y CD MR L 25,468 $35,700
2008 LEXUS LS460 STARFIRE 4 8 GAS A 4X2 Y CD MR L 21,109 $37,000
2009 LEXUS LS460 BLACK 4 8 GAS A 4X2 Y CD SR L 43,037 $41,250

1992 LEXUS LS400 WHITE 4 8 GAS A Y B MR L 189,369 $1,200
1995 LEXUS LS400 GREEN 4 8 GAS A Y CD MR L 200,949 $1,100
1997 LEXUS LS400 GREEN 4 8 GAS A Y CD L 194,896 $2,800
1998 LEXUS LS400 BLACK 4 8 GAS A Y CD MR L 130,204 $4,400
1999 LEXUS LS400 BLACK 4 8 GAS A Y TAPE MR L 222,285 $4,750
2001 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y CD MR L 115,952 $9,900
2001 LEXUS LS430 SILVER 4 8 GAS A 4X2 Y B MR L 157,267 $9,600
2004 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 126,447 $15,800
2004 LEXUS LS430 WHITE 4 8 GAS A Y CD SR L 102,024 $17,900
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 54,449 $34,600
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 41,555 $34,800
2008 LEXUS LS460 RED 4 8 GAS A 4X2 Y CD MR L 21,019 $34,750

1997 LEXUS LS400 GREEN 4 8 GAS A Y CD L 194,896 $2,800
1998 LEXUS LS400 BLACK 4 8 GAS A Y CD MR L 130,204 $4,400
1999 LEXUS LS400 BLACK 4 8 GAS A Y TAPE MR L 222,285 $4,750

1990 LEXUS LS400 WHITE 4 8 GAS A Y B SR C 166,633 $1,100
1994 LEXUS LS400 BLACK 4 8 GAS A Y B SR L 173,145 $600
1999 LEXUS LS400 GOLD 4 8 GAS A Y D SR L 83,393 $8,100
2002 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 79,708 $13,600
2003 LEXUS LS430 BLACK 4 8 GAS A CD SR L 93,679 $13,800
2003 LEXUS LS430 WHITE 4 8 GAS A 4X2 Y B MR L 153,234 $11,000
2005 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y CD MR L 71,500 $18,500
2005 LEXUS LS430 WHITE 4 8 GAS A Y B SR L 59,674 $24,200
2005 LEXUS LS430 WHITE 4 8 GAS P 4X2 Y B MR L 94,002 $18,000
2006 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 66,818 $21,400
2007 LEXUS LS460 GREEN 4 8 GAS P 4X2 Y CD MR L 40,290 $31,950
2007 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 63,390 $31,600
2008 LEXUS LS460 BLACK SA 4 8 GAS A 4X2 Y CD MR L 43,696 $35,000
2008 LEXUS LS460 GREY 4 8 GAS A 4X2 Y CD MR L 44,889 $32,000
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 21,695 $41,100
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 68,247 $31,700
2009 LEXUS LS460 WHITE 4 8 GAS A Y CD MR L 22,745 $46,800
2010 LEXUS LS460 GRAY 4 8 GAS A 4X2 Y CD MR L 18,236 $54,000
2010 LEXUS LS460 RED 4 8 GAS A 4X2 Y CD MR L 20,350 $51,800
2010 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 14,274 $54,000
2008 LEXUS LS460 BASE GRAY S 8 C A A N SR L 41,553 $39,600

2002 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 79,708 $13,600
2003 LEXUS LS430 BLACK 4 8 GAS A CD SR L 93,679 $13,800
2003 LEXUS LS430 WHITE 4 8 GAS A 4X2 Y B MR L 153,234 $11,000
2005 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y CD MR L 71,500 $18,500
2005 LEXUS LS430 WHITE 4 8 GAS A Y B SR L 59,674 $24,200
2005 LEXUS LS430 WHITE 4 8 GAS P 4X2 Y B MR L 94,002 $18,000
2006 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 66,818 $21,400
2007 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 63,390 $31,600
2008 LEXUS LS460 GREY 4 8 GAS A 4X2 Y CD MR L 44,889 $32,000
2009 LEXUS LS460 WHITE 4 8 GAS A Y CD MR L 22,745 $46,800
2010 LEXUS LS460 RED 4 8 GAS A 4X2 Y CD MR L 20,350 $51,800
2010 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 14,274 $54,000

1990 LEXUS LS400 WHITE 4 8 GAS A Y B SR C 166,633 $1,100
1994 LEXUS LS400 BLACK 4 8 GAS A Y B SR L 173,145 $600
1999 LEXUS LS400 GOLD 4 8 GAS A Y D SR L 83,393 $8,100
2002 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 79,708 $13,600
2003 LEXUS LS430 BLACK 4 8 GAS A CD SR L 93,679 $13,800
2003 LEXUS LS430 WHITE 4 8 GAS A 4X2 Y B MR L 153,234 $11,000
2005 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y CD MR L 71,500 $18,500
2005 LEXUS LS430 WHITE 4 8 GAS A Y B SR L 59,674 $24,200
2005 LEXUS LS430 WHITE 4 8 GAS P 4X2 Y B MR L 94,002 $18,000
2006 LEXUS LS430 BLACK 4 8 GAS A 4X2 Y TAPE MR L 66,818 $21,400
2007 LEXUS LS460 GREEN 4 8 GAS P 4X2 Y CD MR L 40,290 $31,950
2007 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 63,390 $31,600
2008 LEXUS LS460 BLACK SA 4 8 GAS A 4X2 Y CD MR L 43,696 $35,000
2008 LEXUS LS460 GREY 4 8 GAS A 4X2 Y CD MR L 44,889 $32,000
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 21,695 $41,100
2008 LEXUS LS460 OBSIDIAN 4 8 GAS A 4X2 Y CD MR L 68,247 $31,700
2009 LEXUS LS460 WHITE 4 8 GAS A Y CD MR L 22,745 $46,800
2010 LEXUS LS460 GRAY 4 8 GAS A 4X2 Y CD MR L 18,236 $54,000
2010 LEXUS LS460 RED 4 8 GAS A 4X2 Y CD MR L 20,350 $51,800
2010 LEXUS LS460 SILVER 4 8 GAS A 4X2 Y CD MR L 14,274 $54,000
2008 LEXUS LS460 BASE GRAY S 8 C A A N SR L 41,553 $39,600

funglenn

iTrader: (10)

My brother worked at Manheim auction in Ca for years. These cars are NOT in prime shape, and in many cases some unscrupulous buyers sneak in to disconnect sensors to make the car run like crap so they will go for less. The problem arises that if that sunscrupulous buyer does not win the auction, then sadly someone gets a car that has a gremlin that gives the poor car a bad name.

Rowdy333

Wow. great info and timing considering I am in the market for a IS250 NOW. Do you have anything for OHIO?

Appreciate your help in advance!

dackp143

iTrader: (3)

Sounds like your brother is blowing smoke up your tail. I'm not saying other dealers might not mess with cars but it has NOTHING to do with the final sale of the vehicle in the auction line. My dealership buys 150 cars a month from Manheim and we sell about 60 cars a month there. Only dealers have ability to enter the auctions, not just everyone off the street. Pulling sensors and making a car run worse DOESN'T matter as the people of Manheim drive the cars through the auction line, not the seller. Potential buyers have NO CLUE what they are about to buy except what it says on each lanes TV or if they walked the parking lot prior to the auction starting. Remember, the auction line is a continuously moving line of cars going through 14-20 different lanes for hours on end. The only time the cars stop is when the bidding begins then once the sale is over the car drives off. Each auction line has a green, yellow, or red light which is in line with the vehicles conditions as presented from the seller. Check engine light? Auction runs it under a "Yellow light." Nothing wrong with the car? Auction runs it under a "Green light." Wrecked and doesn't run? (these are on tow trucks) "Red light."

Also the seller can deny any winning he wants if the car doesn't sell for the amount he is looking for. If a dealer buys a car he can get a post-sale inspection for $90 per car. If the car fails the inspection, the buyer gets his $90 back plus his money back for the car. If the vehicle passes the inspection, the buyer pays everything. How do I know this? I go to the Manheim auction!

In the end, your brother was blowing smoke up your butt brother.

dackp143

iTrader: (3)

Auction results for Ohio in September 2011: NOT MANY!

Year Make Model Subseries Color Drs Cyl Fuel Trans 4x4 EW Radio Top Int Odometer Price

2008 LEXUS IS F WHT 4 8 GAS A 4X2 Y CD SR L 44,905 $36,500
2007 LEXUS IS250 WHT 4 6 GAS A AWD Y CD SR V 109,071 $14,000
2006 LEXUS IS250 BGE 4 6 GAS A AWD Y CD SR V 184,403 $10,300
2008 LEXUS IS250 GRAY 4 6 GAS A AWD Y CD SR L 28,949 $23,500
2009 LEXUS IS250 WHITE 4 6 GAS A AWD Y CD SR L 35,211 $25,600
2008 LEXUS IS250 GRAY 4 6 GAS A AWD Y CD SR L 32,300 $23,300

itruns

In the past I have personally bought many cars from Atlanta Manhiem, (yes, through a friends lot I have a dealer buyers license). I am also a ASE certified mechanic (that is why my friends lot would have me act as a buyer for them). And I will tell you auction cars are really a hit or miss. I have bought some gems, but also some hidden turds. They are not normally prime cars, and when they are the larger dealers will bid them up to the point of where they are not a "great buy". I always assumed we will need a minimum of $1000- $1500 to make it right, not perfect. Then if it has to be certified to resale as a “CPO” car there is another $1000 on top of the required repairs (a CPO Lexus is held to a much higher standard than a non-certified car, that is why they are often less expensive at non-Lexus lots, they can/will sell cars that a Lexus dealer normally wouldn’t touch) That on top of what we paid for the car, auction fees, transport fees, inspection fees, ect.
Remember if these were cherry cars, the dealerships that traded them in would normally keep them for themselves. If as a mechanic, and a buyer for a smaller lot at the time, I could still get an expensive turd now and then... we often would just send it back to Manhiem and take the loss... If it is a clean car, but not one your lot gets much traffic on.. you call your freindly "x" dealer and sell it directly to them... no auction fees or hassles.. and they return the favor.

There are professional wholesalers that do this every week all year long... that is how they make their living and not only do they have all the experience, but they know exactly what to look for and have all the techie tools to have the advantage... Yes dealerships make profit.. that is how they stay in business, and sometimes amateurs can "beat the deal" at auctions, but even with my experience... I now let the "pros" find them for me... and even they get bit sometimes... So not so much "smoke" as one might think.

ScKcBc

iTrader: (2)

Its not Black Book. It's Galves. Where do people get these names from? Black book? Whoever made that up just wanted it to sound shady or something. You can go to galves.com and pay $5 for 24 hours or $10 for a week's access and put your car in to see what a dealer will give you. The all use galves.

And there is NO galves to kelly blue book comparison. KBB is BS and goes off of MSRP, Year, Mileage and condition. Galves takes real world prices into account, availabilty and demand.

ScKcBc

iTrader: (2)

look at those prices. And i cant even get 21k for my 07 is350 sport/nav with 60k miles. And I have Fsport suspension, 20" vossens and ISF tails.

NickTomsyc

Feel okay with my buy

06' IS250 awd 60k - loaded with rims - paid 16k on pace with blackbook

dackp143

iTrader: (3)

No, it's Black Book. They get these "names" from the registered company called Black Book®. Never heard of Gaves.com but you are welcome to use it. As far as dealers, they are prone to all use the same products, which includes what our dealership uses called www.dealertrack.com.

Many dealerships use the Black Book which bases its appraisal value on wholesale auctions. Their staff attends roughly 50 car auctions a week to help them determine the pricing for a car. The Black Book provides values for trade-ins and retail price.

For example, if you plugged in a 99 Dodge Intrepid to all three pricing guides you would receive the following trade-in results:

Kelley Blue Book: $3,075
Black Book: $1,515 - $2,760
NADA Orange Book: $4,275

Also see: http://www.blackbookusa.com/

Stylnhonda

iTrader: (1)

Always good info. Had access when I worked at Car Max.

All the dealers around here use Black Book/Manhiem when I try to trade in a car. They always say "well this is what they market is bringing," I always try and do the KBB trade in price, but they never go for it when selling them a car outright lol!

ScKcBc

iTrader: (2)

Who would anyone attend 50 auctions a week to determind value of cars when they can see the post sale results online?

I've NEVER heard of black book or blackbookusa.com and I'd venture to say If I called 10 dealers in your zip code, most of them use galves. I've been to at least 30+ new car dealers in the past 5 years for myself, friends and family and EVERY SINGLE one uses galves and sometimes manheim pricing to determine value. Maybe it's just a Tri state area thing but in NY, NJ, and CT, all they use is galves.

http://www.galves.com/

getfunky

I think I got slightly ripped off... Payed 30K for an 08 Black IS350 with Sports Package/Navigation in great condition. The car had only 17k miles and was purchased last year. What do you guys think?