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Prices on used 2008-2011 Lx's dropped like rocks

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Old 08-17-12, 07:15 PM   #1
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Default Prices on used 2008-2011 Lx's dropped like rocks

amazing! on ebay, you can get can a used lx with under 30K for about $50-60 grand! wow. maybe will get rid on my gx and get an LX!
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Old 08-17-12, 07:24 PM   #2
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The dealer told me that the demand for them overseas has dropped big time. Plus price of gas.
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Old 08-17-12, 07:31 PM   #3
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i am sure here it will be an even bigger drop in demand. in the middle east where these rule, isnt price of gas cheaper there anyway?
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Old 08-18-12, 12:07 AM   #4
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i am sure here it will be an even bigger drop in demand. in the middle east where these rule, isnt price of gas cheaper there anyway?
demand of the lx in the US is mainly driven by the demand overseas in middle east, russia, etc... a lot of these used lx here in the US are bought and exported out right the way. that's what drive/drove the high resale. the pure demand of domestic market is nothing out of norm.
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Old 08-18-12, 11:47 AM   #5
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Why has the demand dropped here and overseas?
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Old 09-14-12, 11:08 AM   #6
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Last month I bought a 2010 lease return with 30,000 miles for $55MM. That's only depreciation of 30% off the original sticker of $80M. In service date was 11/09, so close to 3 years old. That's pretty light depreciation. Don't some new vehicles lose 20 to 30% as they drive off the lot?
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Old 09-14-12, 11:10 AM   #7
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demand of the lx in the US is mainly driven by the demand overseas in middle east, russia, etc... a lot of these used lx here in the US are bought and exported out right the way. that's what drive/drove the high resale. the pure demand of domestic market is nothing out of norm.
Interesting comments, can you share where you got your facts?
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Old 09-15-12, 12:12 PM   #8
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Last month I bought a 2010 lease return with 30,000 miles for $55MM. That's only depreciation of 30% off the original sticker of $80M. In service date was 11/09, so close to 3 years old. That's pretty light depreciation. Don't some new vehicles lose 20 to 30% as they drive off the lot?
i think its more like 5-10%
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Old 09-17-12, 10:24 AM   #9
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Interesting comments, can you share where you got your facts?
there are information i can't share. but one way to think about it, try to trace VINs of lx570 that has changed hands once or twice in the used market and see if they are still registered in the US
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Old 09-27-12, 01:06 PM   #10
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there are information i can't share. but one way to think about it, try to trace VINs of lx570 that has changed hands once or twice in the used market and see if they are still registered in the US
This is common knowledge, and I confirm it.

The 570 was not as well received in those countries, that's the reason of the tapering off demand. The 470 pricing remained strong, and it has become difficult to find any on the North American market.
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Old 11-18-12, 05:58 PM   #11
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Prices of LX are still in High demand......
I just got a Black/Tan LX570 2011 for $64,500 in Houston area, loaded with RES, Mark Levinson, Remote start, upgraded leather. Miles was 14,300 miles 1 year 2 months in service
I think that is a great deal..........
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Old 11-18-12, 07:42 PM   #12
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Prices of LX are still in High demand......
I just got a Black/Tan LX570 2011 for $64,500 in Houston area, loaded with RES, Mark Levinson, Remote start, upgraded leather. Miles was 14,300 miles 1 year 2 months in service
I think that is a great deal..........
Sounds like it and I bet you looked for quite sometime before you found it. Congratulations!
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