Emiras advertised for sale on other sites

[TomE]

I think its 5% and a maximum of 5000....

What we should all do is chip in and buy these first 4 5 cars..to protect residuals ....

Lotus will step in and do that….

 

[Tonyshepp]

Lotus will step in and do that….

Is that true Tom, or your opinion, or tongue in cheek?

 

[Mctaff]

Probably all 3!!

 

[912Matt]

The last 30 minutes of these auctions are when most serious buyers come in, depending on how high it has or has not got to at that point.
It would be quite normal that if it was at 90k 30 mins before, it could easily be over 100 at the end and the end keeps getting prolonged each 2 mins, if there are further bids..
Despite mr 72.5 thinking he's going to get a good deal, hes not...
In fact, I believe the reserve has not even been met yet, which will be a minimum of 76 and probably 81k, thats when it also gets more interesting...
The early chancers have dropped out now... it will slow I guess and then pick up again....

I’ve watched a lot of cars on CC, and most of the bidding happens in the first 24 hours and the last 24 hours, so don’t be surprised if there’s a lull in between

 

[Lotustoronto]

Oh you know Matt and the boys at Hethel are watching this bid and the next few that come up after with serious curiosity. Not just them, but every used dealer in the UK - and us Forum guys.

Imagine Lotus starts up bidding ppl. hahah, you know Ferrari would do something like that.

 

[Den]

Lotus will step in and do that….

Is that true Tom, or your opinion, or tongue in cheek?

Probably all 3!!

SOON??

 

[emiraspain]

Oh you know Matt and the boys at Hethel are watching this bid and the next few that come up after with serious curiosity. Not just them, but every used dealer in the UK - and us Forum guys.

Imagine Lotus starts up bidding ppl. hahah, you know Ferrari would do something like that.

and as I said, its what they should do..... what harm to them if they bought 5 10 cars to keep residuals high, its pocket change and could help the brand a great deal and prevent cancellations etc....

I am surprised they dont do it, but they are not that imaginative and have no control outside their specific roles....
I would do it and maybe I have / will and I dont even work there...

 

[SuperBusa]

Oh you know Matt and the boys at Hethel are watching this bid and the next few that come up after with serious curiosity. Not just them, but every used dealer in the UK - and us Forum guys.

Imagine Lotus starts up bidding ppl. hahah, you know Ferrari would do something like that.

It makes a lot of sense to do exactly that, buy them up, keep residuals high and that give people ordering confidence to do so. But this also helps get good deals from the finance companies. Win win

 

[emiraspain]

Plus VAT....

just changed today.....
For buyers, the premium has been raised to 6% globally, with VAT payable on top for UK buyers (meaning a rate of 7.2% applies). As with sellers, all buyers will become part of Club CC and be eligible for benefits that will be announced soon

 

[New to Lotus]

Yes a lot on topos the hammer. To get the 105k he wanted it will cost the buyer about 113k???

 

[SuperBusa]

just changed today.....
For buyers, the premium has been raised to 6% globally, with VAT payable on top for UK buyers (meaning a rate of 7.2% applies). As with sellers, all buyers will become part of Club CC and be eligible for benefits that will be announced soon

That doesn't sound like a good move, buyers will surely just bid less for cars ??? Very odd thing to do when the economy is under pressure.

 

[Tonyshepp]

What's wrong with Auto Trader?

 

[1stczechemira]

Yes a lot on topos the hammer. To get the 105k he wanted it will cost the buyer about 113k???

The premium fee infos on the Collecting Cars website are not consistent as you can see (both is the non-UK version):

 

[1stczechemira]

That doesn't sound like a good move, buyers will surely just bid less for cars ??? Very odd thing to do when the economy is under pressure.

I think that in the heat of the auction you will offer the same amount for the car and simply pay a higher fee. It will not affect the price at which the car will be auctioned.

 

[TomE]

Is that true Tom, or your opinion, or tongue in cheek?

Mostly tongue in cheek. As others have said, some manufacturers would get involved behind the scenes on some of these early sales for exactly the reasons given. It would help residuals, financing and buyer confidence while also reducing cancellations.

It would probably encourage some flippers who are worrying about re-sale in a difficult market to stick with the purchase rather than cancel. That might create a bubble after the first month or two, with a higher volume of flipped cars coming to market and hence used prices weakening. It'll be interesting to watch.

I suspect Lotus won't do anything bold but they will (and have) tell dealers to stay out of the secondary market for the next few months. The Central car was likely moved out of the dealership after Lotus spotted it.

 

[SuperBusa]

I think that in the heat of the auction you will offer the same amount for the car and simply pay a higher fee. It will not affect the price at which the car will be auctioned.

You may well be right, it will depend on the buyer discipline and just how much they want the car. I know I set my highest figure including fees and stick to it these days. Not in the past

 

[Jaydub]

Mostly tongue in cheek. As others have said, some manufacturers would get involved behind the scenes on some of these early sales for exactly the reasons given. It would help residuals, financing and buyer confidence while also reducing cancellations.

It would probably encourage some flippers who are worrying about re-sale in a difficult market to stick with the purchase rather than cancel. That might create a bubble after the first month or two, with a higher volume of flipped cars coming to market and hence used prices weakening. It'll be interesting to watch.

I suspect Lotus won't do anything bold but they will (and have) tell dealers to stay out of the secondary market for the next few months. The Central car was likely moved out of the dealership after Lotus spotted it.

Spot on. I asked to deliver my car there and follow the same process but was told that the car had to be moved ASAP.

 

[emiraspain]

now at 73000
JCB automotive? Ive not been bothered to google them, but would seem to be trade....
Also the seller says "garyslotus" but its not, well I mean, its not mine , I leave yellow to the slightly older, 2nd late mid life crisis buyer.
Im all over the boisterous, yobbish zeneca blue though.. haha

 

[emiraspain]

yes a trade seller in nuneaton .....

 

[Tonyshepp]

Mostly tongue in cheek. As others have said, some manufacturers would get involved behind the scenes on some of these early sales for exactly the reasons given. It would help residuals, financing and buyer confidence while also reducing cancellations.

It would probably encourage some flippers who are worrying about re-sale in a difficult market to stick with the purchase rather than cancel. That might create a bubble after the first month or two, with a higher volume of flipped cars coming to market and hence used prices weakening. It'll be interesting to watch.

I suspect Lotus won't do anything bold but they will (and have) tell dealers to stay out of the secondary market for the next few months. The Central car was likely moved out of the dealership after Lotus spotted it.

I wonder if, these first few cars flipped don't get a large overs, Lotus will alter it's PCP rates to cope with the anticipated larger depreciation. Mind you this is counterbalanced by any inflationary increase next year.