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Drop in values thoughts

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Old Jun 15, 2022 | 01:47 PM
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Default Drop in values thoughts

What are your thoughts about the new model coming out with all the differences? Do you see or feel the values of the existing RX 350s will drop more since it’s a new model year?
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Old Jun 15, 2022 | 04:42 PM
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Originally Posted by ablanco600
What are your thoughts about the new model coming out with all the differences? Do you see or feel the values of the existing RX 350s will drop more since it’s a new model year?
Frankly I see the value of my 2017 going up as the new models are getting less powerful & more and more complex. All this within reason.
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Old Jun 15, 2022 | 07:42 PM
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Thanks for the reply. Dealer said the same thing…. His thinking was more like older folks are going to hate it,(I admit I was one) just like when the current model came out years ago and took some time to get used to it….no more 6 cylinders and more tech to go wrong….
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Old Jun 15, 2022 | 09:14 PM
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To be honest only the people who know cars will want the bullet proof v6, hyundai did this to the santa fe back in I believe 2012-13. They took out the v6 and replaced it with a N/A 4 cylinder and the turbo 4 cylinder. It drastically crashed the pre 2012-13 body styles value. But you might be on to somthing the N/A 4 cylinder was **** poor and the turbo was horrid, they eventually brought back their tried and true v6 in 2017 i think. But then again they are hyundai's and were talking about the lexus.

I believe the 4 cylinder turbo is the same they use in the IS models and also in the NX and the're pretty solid. Toyota/lexus does have a good track record with mixing motors and hybrids but im sure they'll run into some issues but nothing major as the technology for the prius and rx450h has been around for nearly +20 years.

Last edited by dannnn; Jun 15, 2022 at 09:15 PM. Reason: typooo sorry
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Old Jun 15, 2022 | 10:01 PM
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Good thoughts, weighing the options….may indeed wait for the new one in a year and keep the current vehicle as it’s still under warranty.
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Old Jun 17, 2022 | 11:07 AM
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Probably won’t drop the 4th gen resale value as much as the 4th gen did to the 3rd gen.
1) Design from 4th gen to 5th is not as significant change as 3rd gen to 4th. When the 4th came out in 2015, it made the 3rd gen immediately outdated. The 4th gen design is so unique that the 5th gen cannot do much to outdate it. IMO.
2) The V6 on the 4th gen RX will still be a classic engine and always be desirable. Only the price of gas will shun away some people from this engine. It’s not as efficient.
3) Until the inventory improve to pre-pandemic level, the 4th gen resale will hold.

I might just hold on to my ‘17 RX and go straight to RZ when the range is improved after a couple of model year.
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Old Jun 17, 2022 | 11:08 AM
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Originally Posted by NickL
Probably won’t drop the 4th gen resale value as much as the 4th gen did to the 3rd gen.
1) Design from 4th gen to 5th is not as significant change as 3rd gen to 4th. When the 4th came out in 2015, it made the 3rd gen immediately outdated. The 4th gen design is so unique that the 5th gen cannot do much to outdate it. IMO.
2) The V6 on the 4th gen RX will still be a classic engine and always be desirable. Only the price of gas will shun away some people from this engine. It’s not as efficient.
3) Until the inventory improve to pre-pandemic level, the 4th gen resale will hold.

I might just hold on to my ‘17 RX and go straight to RZ when the range is improved after a couple of model year.
There's plenty of 4Gen inventory right now.
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Old Jun 17, 2022 | 11:17 AM
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Originally Posted by mikemu30
There's plenty of 4Gen inventory right now.
ES and RX are Lexus best selling products. They’re Always have high volume of them.
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Old Jun 17, 2022 | 12:19 PM
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Originally Posted by NickL
ES and RX are Lexus best selling products. They’re Always have high volume of them.
ES inventory still quite low in most places unless youre willing to settle for the 250 which most buyers don't want.
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Old Jun 17, 2022 | 12:47 PM
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Originally Posted by mikemu30
ES inventory still quite low in most places unless youre willing to settle for the 250 which most buyers don't want.
I can say that on the RX too. There ain’t much RX350 or 450 where I go.

https://www.iralexusofmanchester.com...5B0%5D%3DLexus
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Old Jun 17, 2022 | 03:15 PM
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Originally Posted by NickL
I can say that on the RX too. There ain’t much RX350 or 450 where I go.

https://www.iralexusofmanchester.com...5B0%5D%3DLexus
Dealer near me has in excess of 150 RX 350s.
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Old Jun 17, 2022 | 04:08 PM
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Originally Posted by mikemu30
Dealer near me has in excess of 150 RX 350s.
hey Mikemu30, where is that??
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Old Jun 17, 2022 | 04:08 PM
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Originally Posted by mikemu30
Dealer near me has in excess of 150 RX 350s.
150?! I can't imagine a dealership having 25 sitting around, yet alone over 150.
The dealership in Evansville, IN had 5 new RX350s when I stopped by yesterday. All were low optioned base models and were grey, except one was blue.
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Old Jun 17, 2022 | 07:39 PM
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Originally Posted by ablanco600
hey Mikemu30, where is that??
Lexus of Englewood, NJ
https://www.lexusofenglewood.com/searchnew.aspxhttps://www.lexusofenglewood.com/searchnew.aspxhttps://www.lexusofenglewood.com/searchnew.aspx

Last edited by mikemu30; Jun 17, 2022 at 07:55 PM.
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Old Jun 17, 2022 | 09:19 PM
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[QUOTE=mikemu30;11310799]Lexus of Englewood, NJ
https://www.lexusofenglewood.com/sea...searchnew.aspx[/QUOTE

wow!!! There are a ton of vehicles! Thanks
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