Civicblade 2nd Gear December 12, 2011 Share December 12, 2011 (edited) For the benefit of would-be sedan buyers, I have compiled the list price from the respective car makes official website in Singapore and LTA OMV checker and came up with the following dealer gross margins calculation. Gross margin is not profit margin, gross margin does not take into account overhead and sale/marketing cost. $22271 Toyota Camry 2.0 @ $147988 $26707 Hyundai i45 2.0 @ $140999 $18870 Nissan Teana 2.0 $150300 $30091 Subaru Legacy 2.0 $158800 $14867 Kia Optima 2.0 $134999 Hyundais is not the most value for money 2.0 sedan car in Singapore. Kia is, followed by Nissan. For fun, I have the margin for BMW 320i, $53807, at list price of $219000. Edited December 12, 2011 by Civicblade ↡ Advertisement Link to post Share on other sites More sharing options...
Longg8 Clutched December 12, 2011 Share December 12, 2011 For the benefit of would-be sedan buyers, I have compiled the list price from the respective car makes official website in Singapore and LTA OMV checker and came up with the following dealer gross margins calculation. Gross margin is not profit margin, gross margin does not take into account overhead and sale/marketing cost. $22271 Toyota Camry 2.0 @ $147988 $26707 Hyundai i45 2.0 @ $140999 $18870 Nissan Teana 2.0 $150300 $30091 Subaru Legacy 2.0 $158800 $14867 Kia Optima 2.0 $134999 Hyundais is not the most value for money 2.0 sedan car in Singapore. Kia is, followed by Nissan. For fun, I have the margin for BMW 320i, $53807, at list price of $219000. camry looks like the one with better value.. reasonable mark up and one of the cheaper 2.0 gd resale value also i guess... Link to post Share on other sites More sharing options...
Iamrichardhutsetau Clutched December 12, 2011 Share December 12, 2011 my camry 2.4 new in 08 sept, borneo omv 28.1k coe 13k i paid 91k nett Link to post Share on other sites More sharing options...
Davidklt 6th Gear December 12, 2011 Share December 12, 2011 This is a flawed way to determine value cos it does not take into account specs, performance, warranty, quality amongst other things. Link to post Share on other sites More sharing options...
Busker888 1st Gear December 12, 2011 Share December 12, 2011 For the benefit of would-be sedan buyers, I have compiled the list price from the respective car makes official website in Singapore and LTA OMV checker and came up with the following dealer gross margins calculation. Gross margin is not profit margin, gross margin does not take into account overhead and sale/marketing cost. $22271 Toyota Camry 2.0 @ $147988 $26707 Hyundai i45 2.0 @ $140999 $18870 Nissan Teana 2.0 $150300 $30091 Subaru Legacy 2.0 $158800 $14867 Kia Optima 2.0 $134999 Hyundais is not the most value for money 2.0 sedan car in Singapore. Kia is, followed by Nissan. For fun, I have the margin for BMW 320i, $53807, at list price of $219000. Biggest margin but still top seller le...what to do... Link to post Share on other sites More sharing options...
PowerMaxII 1st Gear December 12, 2011 Share December 12, 2011 (edited) cmon we buy a car because we like the look, the performance and whatever it brings into our life at the end of the way we are just the end-users whom cant do anything to their profit margins etc.. dont make life and decisions harder than it already is.. you like the car and can afford...you buy...and enjoy it...so simple! =) Edited December 12, 2011 by PowerMaxII Link to post Share on other sites More sharing options...
Civicblade 2nd Gear December 13, 2011 Author Share December 13, 2011 I agree that looking at the gross margin alone to determine value is a flawed method. Value is in the eye of the beholder. Apparently, many Singaporeans see BMW cars as superb value thereby pushing this make to the top three in terms of sales volume. This is a flawed way to determine value cos it does not take into account specs, performance, warranty, quality amongst other things. Link to post Share on other sites More sharing options...
Civicblade 2nd Gear December 13, 2011 Author Share December 13, 2011 The gross margin tabulation is just for information only. No car buyer makes their purchase decision based only on the gross margin. I'm giving something back to MCF after having read so many interesting and funny threads on this forum that helped me pass some of the most boring times you can imagine (eg waiting in line at the specialist clinic). Link to post Share on other sites More sharing options...
Civicblade 2nd Gear December 13, 2011 Author Share December 13, 2011 For information only. Whether it helps or not, who knows.. if it doesn't help you just forget about it. This is a free for all forum, not the national library archive. Even if you need certain information from the library archive, you will need to know what you want to look for and derive help from whatever you are looking for. actually how does these help? Don't tell me you will buy a sedan with low GPM just bcos of that?? I guess if the perceived value matches the price, then its ok. Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged December 13, 2011 Share December 13, 2011 Good point to add will be percentage% of gross profit over selling price. Good info overall. Thanks for effort Link to post Share on other sites More sharing options...
Eyke Supercharged December 13, 2011 Share December 13, 2011 actually how does these help? Don't tell me you will buy a sedan with low GPM just bcos of that?? I guess if the perceived value matches the price, then its ok. u'll be surprised at how some cat pple would die die not let other pple earn their money. but it does matter coz the higher the dealer profit, the lower the residual value, which also means higher depreciation. Link to post Share on other sites More sharing options...
Mikael74 Neutral Newbie December 13, 2011 Share December 13, 2011 (edited) For the benefit of would-be sedan buyers, I have compiled the list price from the respective car makes official website in Singapore and LTA OMV checker and came up with the following dealer gross margins calculation. Gross margin is not profit margin, gross margin does not take into account overhead and sale/marketing cost. $22271 Toyota Camry 2.0 @ $147988 $26707 Hyundai i45 2.0 @ $140999 $18870 Nissan Teana 2.0 $150300 $30091 Subaru Legacy 2.0 $158800 $14867 Kia Optima 2.0 $134999 Hyundais is not the most value for money 2.0 sedan car in Singapore. Kia is, followed by Nissan. For fun, I have the margin for BMW 320i, $53807, at list price of $219000. The funny thing about BMW is that not only does the dealer earn a fat margin, but when it comes to selling the car 3 yrs down the road the resale value is much lower than comparable luxury brands like Mercedes, I also do not why the residual values are not as good as Merc, in other countries BMWs command pretty solid resale prcies Edited December 13, 2011 by Mikael74 Link to post Share on other sites More sharing options...
Iamrichardhutsetau Clutched December 13, 2011 Share December 13, 2011 The funny thing about BMW is that not only does the dealer earn a fat margin, but when it comes to selling the car 3 yrs down the road the resale value is much lower than comparable luxury brands like Mercedes, I also do not why the residual values are not as good as Merc, in other countries BMWs command pretty solid resale prcies Merc got the best resale value because of the brand. whereas bmw are more sporty n stylish, that means it is only desirable when it's new. Link to post Share on other sites More sharing options...
Pippo20 Neutral Newbie December 13, 2011 Share December 13, 2011 For the benefit of would-be sedan buyers, I have compiled the list price from the respective car makes official website in Singapore and LTA OMV checker and came up with the following dealer gross margins calculation. Gross margin is not profit margin, gross margin does not take into account overhead and sale/marketing cost. $22271 Toyota Camry 2.0 @ $147988 $26707 Hyundai i45 2.0 @ $140999 $18870 Nissan Teana 2.0 $150300 $30091 Subaru Legacy 2.0 $158800 $14867 Kia Optima 2.0 $134999 Hyundais is not the most value for money 2.0 sedan car in Singapore. Kia is, followed by Nissan. For fun, I have the margin for BMW 320i, $53807, at list price of $219000. No need to compile, all information are readily available at LTA/One Motoring website.. http://www.onemotoring.com.sg/publish/onem...Cost_Update.pdf 90% Singaporeans don't know the taxes, margin, depreciation cost, blah blah of owning a car in Spore, hmm I think i'm the poor 10%.. Link to post Share on other sites More sharing options...
Tomato47 Neutral Newbie December 13, 2011 Share December 13, 2011 The more expensive the car the more people want to buy. Btw luxury car owner buy them not because it is cheap, because it is expensive Link to post Share on other sites More sharing options...
Civicblade 2nd Gear December 14, 2011 Author Share December 14, 2011 I'm also in the poor 10% bracket that bothers.. or maybe I have some accountant genes.. No need to compile, all information are readily available at LTA/One Motoring website.. http://www.onemotoring.com.sg/publish/onem...Cost_Update.pdf 90% Singaporeans don't know the taxes, margin, depreciation cost, blah blah of owning a car in Spore, hmm I think i'm the poor 10%.. Link to post Share on other sites More sharing options...
Tireburner 3rd Gear December 14, 2011 Share December 14, 2011 my camry 2.4 new in 08 sept, borneo omv 28.1k coe 13k i paid 91k nett If you were to sell now, how much would be the value given the current expensive COE? Ey tarn lui boh? Link to post Share on other sites More sharing options...
StefanK Supercharged December 14, 2011 Share December 14, 2011 If you were to sell now, how much would be the value given the current expensive COE? Ey tarn lui boh? his COE tan lui liao loh~ ↡ Advertisement Link to post Share on other sites More sharing options...
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