Archive

Archive for the ‘Industry News’ Category

The Best Time to Buy Pre-Owned is Now

April 10, 2012 Leave a comment

The first quarter of 2012 has turned out to be good for used car sales. Even with gas prices soaring, it is cost-effective to purchase a pre-owned vehicle. There are many deals worth taking advantage of because more cars are available to dealers and banks are quoting suitable rates and terms. As current owners are returning there 3 year lease and car manufacturers not wanting to own these off lease vehicles, it makes a great opportunity for use car dealers to pick up some really nice inventory, smart shoppers can take advantage of some great summer deals.

Here at Select Luxury Cars, we have great inventory ranging from $10,000 to $200,000 of all makes and models. If you are looking to purchase, and have a trade in, take this moment to make the most of your car shopping experience.

Visit us at www.selectluxury.com

Mike Goodall

Select Luxury Cars, located in Marietta, Ga. on Highway 41, hand “Selects” every vehicle. We specialize in the highest quality automobiles available in the market. Whether you live here in the Atlanta area or anywhere around the world, we will find the exact car you are dreaming of. If you are looking for a Mercedes, BMW, Porsche, Audi, Bentley, Rolls-Royce, Ferrari or other high end model, begin your search here and we won’t disappoint.

Used Car Pricing

March 31, 2012 Leave a comment

Families in the market for a used highline car might have to keep saving a little longer. National Automobile Dealers Association says the average price for a quality pre-owned vehicle will go up by 2 percent this year. That is on top of the 3 percent increase in 2011.

The biggest reason is that there are fewer cars out there. When the recession started in mid-2007, Automakers slowed down their production, which led to a sharp decrease in the number of quality used cars on the market. The uncertainty of the economy and a weak job market faced American consumers to hold on to their car much longer; according to NADA, the average car on the road today is 11 years old.

Higher gas prices are also responsible for a bigger jump in prices of used, compact, and fuel efficient cars. NADA predicts an almost 3 percent jump in the price for car in this category this year. That being said, you should be able to get a good deal on a gas-guzzling fill size SUVs or Pick-up depending on what market you are in.

The good news for all of us is that new car sales are up this year, so the inventory shortage will not last forever.

As American families finally start to trade in the older vehicles they held onto during the recession, NADA is predicting 13.9 million new car/truck sales for 2012. A lack of access to financing to many struggling families also put the brakes on used car sales; this year, lenders will make credit more available. Most Dealers are trying keep up the momentum that started last year when 12.8 million vehicles were sold, so there are plenty of incentives for perspective buyers to starting looking for that new ride.

Roger Evanson
Select Luxury Cars, located in Marietta, Ga. on Highway 41, hand “Selects” every vehicle. We specialize in the highest quality automobiles available in the market. Whether you live here in the Atlanta area or anywhere around the world, we will find the exact car you are dreaming of. If you are looking for a Mercedes, BMW, Porsche, Audi, Bentley, Rolls-Royce, Ferrari or other high end model, begin your search here and we won’t disappoint.

Categories: Industry News

Used Cars: Wants Versus Needs

February 20, 2012 Leave a comment

I had a customer visit the dealership and wanted to test drive a Range Rover, SL550 and a 750Li because she wasn’t sure what she wanted. However, test driving different types of vehicles is not the solution.  This will create more confusion instead of helping you make up your mind.  Finding the right car to match your lifestyle can be a ovewhelming experience.  A good salesperson will carefully listen to the customer’s needs and concerns to help them make a suitable purchase.

 

Shave the Fat

Before you begin your search, understand your stage in life.  If you have young children at home and are shopping for a “main” vehicle, a two seater convertible is obviously out of the question.  Don’t wast your time (or the salesperson’s) test driving something that clearly doesn’t fit your lifestyle.

There are blogs that tell you to be stone-faced and impersonal with your salesperson. (This is not my point of view).  Understand she/he  is there to gather information to show you cars that meet your needs and make a qualitative decision.

Some reasonable questions may be:

Will this be your main vehicle?

Are you married / have children?

How long have you had your current car?

  • This is to understand if they are a 2 – 3 year and out “kind of person.”
  • Do they plan on keeping this car 10 years then give it to their children?

 

Add to Cart

Let me start by saying, cost is important but not the main factor in finding your perfect vehicle.  When starting your search you need to make a list of your wants versus your needs.  Take into consideration your day to day interactions, i.e. kids, hobbies or shopping.

What options are a must have?

  • Passenger seating (3rd row seat)
  • Miles per gallon (MPG’s)
  • Cargo space
  • Heated seats (rear) / steering wheel
  • 4WD
  • Backup camera
  • Navigation

What are you willing to COMPROMISE?

When searching for a pre-owned car, it may have the right options but not be the right color.  It can be the perfect color and is missing an option you really want.  You should be willing to compromise to get the right deal.  Don’t win the battle just to lose the war.

Mike Goodall

Select Luxury Cars, located in Marietta, Ga. on Highway 41, hand “Selects” every vehicle. We specialize in the highest quality automobiles available in the market. Whether you live here in the Atlanta area or anywhere around the world, we will find the exact car you are dreaming of. If you are looking for a Mercedes, BMW, Porsche, Audi, Bentley, Rolls-Royce, Ferrari or other high end model, begin your search here and we won’t disappoint.

US Ingenuity Shines through Fisker Automotive

February 18, 2012 Leave a comment

There is no question that the everyday car will eventually transition to alternate energy sources. We have seen a number of electric vehicles released to the market, but there are few that we could see taking the place of the luxury and sport gasoline-fueled cars we know and love. That may change sooner than expected. California based Fisker Automotive was founded in 2007 with a vision of creating the first line of premium luxury hybrid vehicles.

Then the 2012 Karma was born, and was hailed as the Luxury Car of the Year by Top Gear, the world’s leading automotive magazine. What strikes many about this is the fact that Top Gear is based in Europe, and granted this award to a five-year-old American manufacturer in the face of German and Italian competition that has dominated the luxury and sports car market.

What makes the Fisker brand and its products so special? The design, inspired by the “elegant lines of windswept sand dunes,” is sure to turn heads. There are unique features such as a solar roof that captures enough energy from the sun to give the car up to an extra 200 miles of driving a year. The break pads are able to transfer kinetic energy from slowing down to the battery to allow for more efficient breaking. Finally, the dual electric motors are like nothing we have ever seen before. There is an internal combustion engine that kicks in after about 50 miles of driving, but this serves only to power the electric motors thus creating a purely electric driving experience. All this translates into a 2.0 L, 4-cylinder 240 horsepower hybrid that hits 0-60 mph in 6.3 sec topping out at 125 mph.

Fisker’s first baby isn’t perfect, though. The EPA rated the 2012 Karma to run at only 20 miles per gallon, a rate that many non-hybrid vehicles beat. But this should not discount the strides the young carmaker has made in terms of American design and engineering in creating a hybrid that can compete with gasoline-powered European autos. Creating over 700 US jobs in California and Delaware, and doing business with over 40 American suppliers including GM and Goodyear, Fisker’s ingenuity should be applauded in a time when this seemed to be lacking amidst the recent turmoil of our economy.

Inaya Sabbak

Select Luxury Cars, located in Marietta, Ga. on Highway 41, hand “Selects” every vehicle. We specialize in the highest quality automobiles available in the market. Whether you live here in the Atlanta area or anywhere around the world, we will find the exact car you are dreaming of. If you are looking for a Mercedes, BMW, Porsche, Audi, Bentley, Rolls-Royce, Ferrari or other high end model, begin your search here and we won’t disappoint.

Negotiating Your Trade-In

February 13, 2012 Leave a comment

One of the most frustration components of buying a new car is trading in your current vehicle.  Let me share a few pointers that will help alleviate some aggravation.

Getting Started

If your vehicle is leased or financed, contact your bank and find out your dealer payoff.  This is one of the more important matters because you need to know if you are in a positive or negative financial standing.  Whether you lease, finance or own your vehicle, you always want to do your due diligence before contacting a dealership.  You can visit various websites to research what your car is retailing for.  The figures on the sites are “retail” amounts NOT “trade-in” value.  Some reliable websites are www.autotrader.comwww.cars.com and www.ebay.com.  This research is to help you understand the market and provide a clear understanding of what your car value is on the open market.  In the car business, we have a saying “being upside down in your trade.”  This means the payoff is more than the ACV (actual car value.)  When this happens you have two options:

  1. Add cash to the purchase of the new car (if you can).  This will prevent you from financing [some of] the car you are trading in.
  2. Finance the negative equity from your trade-in in the deal of the new car you are buying. This will eliminate you from having to put any money down.  This is a good tip if you are getting a low interest rate to finance your new car.

Where Has Your Car Been

If you are not the original owner, know the history of your car (if you have Carfax accessibility.)  Most dealerships will do this for you.  Be 100% honest when the salesperson asks you certain questions such as:

Has your car been in an accident?

Has your car been painted?

When was the last service date?

What conditions are the tires and brakes in?

Did the primary driver(s) smoke in the car?

These aspects will affect the value of your car.

Pimp My Ride

We all love to put our own personal touches on a car and there is nothing wrong with that.  However, you should not make dramatic changes to a vehicle like painting it unique colors, placing bumper stickers on the actual paint of the car and some stereo modifications, including rewiring speakers. This can harm your trade-in value.  It is best to keep personal touches to a minimum so the next buyer will be interested in purchasing your vehicle.  You want your car to be marketable when the time comes to trade it in.

Presentation

Present your trade-in in the best light.  Before getting an appraisal, it is beneficial to detail your vehicle inside and out.  Thoroughly look over your trade-in as if you are the potential buyer.  This will give you the opportunity to make sure you are showing your car at its best.  Don’t forget to remove all personal items in the glove box, arm rest and CD player.

Let’s Make A Deal

Make your trade-in a separate deal from the car you are buying.  A lot of dealers will give you a bottom line price on the car you are buying which will include the car you are trading in.  This is a method widely used by dealerships. You don’t want to be confused with how much you will pay for the new car and how much you are getting for your trade-in. To avoid this puzzling practice, have your salesperson negotiate the cost of the car you are purchasing THEN negotiate your trade-in and how much it is worth.  This will allow the separate deals to come together in the end.  This is also a way of keeping your dealer honest.

Once you have completed all steps, this should lessen the hassle and you can go home with peace of mind knowing you got a good deal. Hopefully you will pass this information along to someone you know who is car shopping.

Mike Goodall

Internet Sales at Select Luxury Cars

Select Luxury Cars, located in Marietta, Ga. on Highway 41, hand “Selects” every vehicle. We specialize in the highest quality automobiles available in the market. Whether you live here in the Atlanta area or anywhere around the world, we will find the exact car you are dreaming of. If you are looking for a Mercedes, BMW, Porsche, Audi, Bentley, Rolls-Royce, Ferrari or other high end model, begin your search here and we won’t disappoint.

The Worldwide Luxury Car Industry

Here’s an interesting infographic from Autoinsurance.org on the worldwide luxury car industry. The Porsche 911 Carrera being in the top spot isn’t too surprising, as it has been the Car Connection’s top-ranked luxury car for four out of the past 7 years. Used Porsches are among our top sellers here at Select Luxury Cars, and have been a longtime favorite of many.

Here’s a list of their top 10 with links directly to our inventory pages for each make / model so you can get there easily. If we’re out of the particular model you’re looking for, feel free to fill out our vehicle finder form so we can let you know when we find what you want.  Enjoy!

10: Mercedes-Benz G-Class
9: Porsche Cayenne
8: Lexus LS 600h L
7: Mercedes-Benz SL Class
6: Bentley Continental Flying Spur
5: Rolls-Royce Phantom
4: Mercedes-Benz CL Class
3: Bentley Continental GT
2: Audi R8
1: Porsche 911 Carrera

The Worldwide Luxury Car Industry
Via: Auto Insurance

If you’re ready for one of these beautiful cars, or something else, visit us online at http://www.SelectLuxury.com, call us at 770-421-0070, email us at admin@selectluxury.com, or visit our dealership showroom at 985 Cobb Parkway South, Marietta, GA 30060.

The Birthday of the Speeding Ticket

I read this morning that today is the birthday of the speeding ticket.  Many of us have gotten speeding tickets over the years, but no one likes the sudden appearance of blue lights flashing behind them when they’re on their merry way home from work, or anywhere else for that matter.  Especially if you drive an exotic sports car, such as some of the ones that we sell here at Select Luxury Cars, the police just might assume that you’re going to speed just because you drive a car that can go double, triple, or more over the highway speed limits.

In the immortal words of Joe Walsh in “Life’s been good,” “My Maserati does 185.  I lost my license, now I don’t drive.”

(For you fans of the song, here’s a video of Joe Walsh performing it live at Wembley Arena)

So in honor of, or perhaps in a warped tribute to, the first speeding ticket, here are a few facts and tips.

From Wikipedia’s entry on “Traffic Ticket,” here’s some speeding trivia:

  • The fastest speeding ticket in the world allegedly occurred in May 2003 in Texas. It was supposedly 242mph in a 75mph zone. The car was a Swedish-built Koenigsegg CCX, which was involved in the San Francisco to Miami Gumball 3000 Rally.[5]
  • The fastest convicted speeder in the UK was Daniel Nicks, convicted of 175 mph on a Honda Fireblade motorcycle in 2000. He received six weeks in jail and was banned from driving for two years.[6]
  • The fastest UK speeder in a car was Timothy Brady, caught driving a 3.6-litre Porsche 911 Turbo at 172 mph on the A420 in Oxfordshire in January 2007 and jailed for 10 weeks and banned from driving for 3 years.[7]
  • Also, in the UK visiting from Japan, Kazuhiko “Smokey” Nagata did 324kph (201mph) on the A1M in a RB26DETT powered Toyota Supra tuned by the company he founded, Top Secret. He was arrested, fined, and banned from driving in the UK. Numerous videos on YouTube show the top speed run, which was filmed by Video Option reporters. One of the reporters hid the tape in his jeans to avoid it being confiscated and being used as evidence against Smokey.
  • The most expensive speeding ticket ever given is believed to be the one given to Jussi Salonoja in Helsinki, Finland, in 2003. Salonoja, the 27-year-old heir to a company in the meat-industry, was fined £116,000 for driving 80 km/h in a 40 km/h zone. The uncommonly large fine was due to Finnish speeding tickets being relative to the offender’s last known income. Salonoja’s speeding ticket was not the first ticket given in Finland reaching six figures.[8]
  • Film actor and director Harry Myers received the world’s first speeding ticket in 1904, Dayton, Ohio, police ticketed Harry Myers for going twelve miles per hour on West Third Street.[9][10]
  • (Note: according to the US Census Bureau, as referenced on the blog Ask MJ : May 20th, 1899, Jacob German (a New York City cab driver) was arrested for speeding. He was also driving 12 miles per hour, down Lexington street in Manhattan.  He was imprisoned in the East 22nd Street station house.  He didn’t have to surrender his registration and license, as those weren’t required by law until 1901 in New York.”)
  • Another early speeding ticket was issued in 1910 to Lady Laurier, the wife of Wilfrid Laurier, Prime Minister of Canada, in Ottawa, Canada, for exceeding the 10 miles per hour speed limit.[11]

Now for the advice:  What do you do if you get pulled over for speeding?  What do you do if you can’t talk your way out of a ticket?

Well, this post on Lifehacker offers 18 tips, both to avoid getting the ticket in the first place, and to get it dismissed if possible.  The first 4 tips I’ve quoted here, but for the rest visit their site via the link above.

1. Get your attitude right.

Fighting with the police officer never increases your chances of leniency. You want him to like you. Prepare to achieve this goal.

2. Turn your car off, and turn the interior lights of your car on.

Place your hands at 10 and 2 on the steering wheel and remove your sunglasses or hat. Some people even advise you to place your keys on the roof of your car as a sign of total submission. Never, ever get out of the car.

The whole point of this is to take any unnecessary tension out of the encounter. You want the officer to be comfortable. Imagine the types of people and the dangers that most officers have had to deal with. Be just the opposite.

3. Be very polite and do exactly what the nice cop with the big gun says.

Save your pleas until after the basics are finished. Many officers will never speak to you until after they’ve done the basics. It’s almost a litmus test for jerk drivers.

4. Once the officer has gotten your information, ask him politely if you may speak to him about your violation.

If you know you broke the law, admit it vehemently and tell the officer that he was completely right for pulling you over. Honest officers will admit that there is a lot of pride in police work, and, if you can sufficiently satisfy the pride factor, sometimes officers don’t feel it necessary to punish you any further. The better you make the officer feel; the more likely he’s going to like you enough to let you go.

One thing I’ve found helpful is to have your driver’s license and proof of insurance in hand by the time the officer gets to your car.  They’re going to ask you for it anyway, so start things off right and have it ready.  You want to show them the courtesy of making their job easier.  If you’re going to have to reach into your glove compartment or anywhere else not in plain sight, let the officer know where you’re reaching and why.  You may not be a criminal, but the officer never knows what will happen when they pull someone over.  Making them feel at ease works in your favor as well.

Another suggestion: pull over somewhere out of the way – if you are on the highway and an exit is coming up, put your turn signal on and go ahead to the exit, then pull over in a parking lot or somewhere safe.  The officer won’t be as happy if you pull over on a highway full of fast-moving cars as he or she will be if it takes an extra 30 seconds or so to go somewhere safer.

We hope this is both helpful and entertaining!  If you’re in the market for a used luxury car or a preowned sports car, visit our website or stop by our Atlanta pre-owned auto dealership. Or click here for Mapquest directions to Select Luxury Cars.

Select Luxury Cars | 985 Cobb Parkway South, Marietta, GA 30060 | 770-421-0070 | 1-800-283-7224 | info@selectluxury.com