powerguy

Can anyone tell me what the SUV market is like at the Manheim auction? I am looking to get a sense of what the values are for 07-08 Escalades and Denalis and 07 GL450 Mercedes and if possible my 05 Escalade. Thanks for the help.

Jupiter Sunsation

GL's are soft new or used except for the diesels which are pulling crazy money (based on what they cost new).
My buddy bought a brand new 08 GL 450 last week for 10K off sticker.

GM stuff (used) just got destroyed with the GM employee discount for everyone. New Denalis are 15K+ off sticker.

powerguy

Thanks J.S-

With 10k off 08 GL450's and 15k off 08 Denalis's what has this done to the 07 values of both?

Carguy08

Low to mid 30's for 07 Escalades.
Mid to high 20's for 07 Denali's. equipment, color, condition are very important on these beast.

BUIZILLA

wow, that's disheartening if you bought new...

powerguy

My dealer here is showing about $12k off sticker for a Yukon Denali with a sticker price of 56,315 and a sale price of $44,500. Based on this I would expect the price to be closer to $41,300. With the wholesale prices of 1 1/2 year old 07 denalis around 30k this does not seem bad if it can be bought at 41k.

Jupiter Sunsation

Carguy said mid to high 20's for wholesale on a Denali........

I love GM trucks but that is a beating no matter how much of a fan of the brand you are.

powerguy

You are right. Even at 42k for the new one the 2007 at high 20's is a great deal.

Carguy08

If I had to give my opinion.....which I hate doing......This large suv market is not going to last long. I just retailed my brothers wife demo for 39,999. 07 Escalade 15k never titled with every option. Yes my a**hole hurts but thats the buisness. If I had to guess.....which i hate doing.... in two months that will be wholesale money.
The prices are coming up every week on these things, If your looking I would strongly consider pulling the trigger.\

Carguy08

When "I say high 20's" that's auction price. I still have to pay the auction fee's, transport, recondition, warrenty, and sales guy commisions. Oh yeah, and a ham sandwich to keep the lights on. Expect to see retail prices of low 30's. unless you buy from me, I work for cheap.