Jakarta, CNBC Indonesia – The prices of a number of luxury cars are in free fall. Not the price of a new car, of course, but the price of a used car.
The decline is even very significant. The following is a summary of the journalist’s coverage CNBC Indonesia:
The price of this American-made car plummeted in the marketsecond. Currently, the price for a used Range Rover Evoque, for example, is around Rp. 500-600 million, from the new price of over Rp. 1 billion.
On the OLX sales site only, the price of the 2011 Range Rover Evoque Si4 2 door with an engine capacity of 1,500-2,000 CC is only IDR 575 million. Then there is the Range Rover Evoque Luxury in 2014 for IDR 525 million.
The same thing is also seen in the Range Rover Evoque Dynamic Luxury A/T (2013) which is sold for Rp. 550 million. Then the Range Rover Sport 3.0 L HSE Diesel (2011) was sold at a price of Rp. 615 million.
The Range Rover has indeed been affected by this price drop. Revealed owner
“The price has fallen for the Range Rover. In 2015, 2017 may have been half of the new price, only used for 4-5 years, it’s already half the price,” said the owner of a used car dealer Focus Motor, Agustinus to CNBC Indonesia, quoted Sunday (17/10/21).
The same thing happened to BMW. Unlike the mid-range BMWs whose prices last, high-end BMWs such as the 7 series have dropped dramatically in price.
The top segment called Agustinus tends to go down faster because the demand is not as much as middle or lower cars. Legal supply and demand, when demand decreases while stock is high, the price drops, as well as for luxury cars in the upper segment.
From a search in online stores, the BMW X4 xDrive30i M Sport X is priced at IDR 1.6 billion for OTR (on the road). But at Seva.id, the price of the same used car for 2014 was only Rp. 630 million, down almost 2/3 of the initial price.
From The X1 there is the X1 sDrive18i xLine whose new price is Rp. 851 million, the used price in 2014 is far below the new price. That is reaching under Rp 250 million, or there is a price reduction of more than 70%.