MINI sales down dramatically last month
#1
#5
MINIs recently lost their Consumer Reports recommended status.
Word of mouth is spreading stories about the MINI engines self-destructing due to timing chain tensioner problems.
People are not as worried about gas prices.
The cash for clunkers program has ended.
Everyone who doesn't suffer from Coulrocarphobia already has a MINI.
Which of the above, if any, have caused this downturn?
Word of mouth is spreading stories about the MINI engines self-destructing due to timing chain tensioner problems.
People are not as worried about gas prices.
The cash for clunkers program has ended.
Everyone who doesn't suffer from Coulrocarphobia already has a MINI.
Which of the above, if any, have caused this downturn?
#6
#7
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Keep in mind that MINI is a very low volume car... 4000 sold in the US in one month is huge (I think the best they have ever done was around 5000 during the gas crunch last year when all dealers basically sold out of their inventory)... so a 1000 drop in sales is a 25% drop!!
Yes... 1000 sales drop is significant, but it is not the end of the world. For any other brand, even some of the other small niche brands, a 1000 sales drop might be 5-10% drop, but due to the very low volume on MINIs it makes it seem huge.
MINI is having some trouble now because it is a "premium" small car... and gas is cheap. So people that want a small, basic car might be leaning towards $12-16k small cars vs. $20-30k small cars. And people that want to spend a bit more are buying larger cars. Wait until things rebound a bit and gas starts to climb again... it amazes me how quickly people forget.
Another negative, though, is that overall many other car makers have improved their fuel efficiency and that makes the MINI advantage shrink.
Yes... 1000 sales drop is significant, but it is not the end of the world. For any other brand, even some of the other small niche brands, a 1000 sales drop might be 5-10% drop, but due to the very low volume on MINIs it makes it seem huge.
MINI is having some trouble now because it is a "premium" small car... and gas is cheap. So people that want a small, basic car might be leaning towards $12-16k small cars vs. $20-30k small cars. And people that want to spend a bit more are buying larger cars. Wait until things rebound a bit and gas starts to climb again... it amazes me how quickly people forget.
Another negative, though, is that overall many other car makers have improved their fuel efficiency and that makes the MINI advantage shrink.
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#8
#9
I don't think it should be the only variable in your decision, but if I were buying and sales were suddenly down, there must be some reason people aren't biting. If I think out the reason and it doesn't affect me, then by all means I'd go ahead with the purchase, but what if people aren't biting because quality has slipped. Or because there's a new model coming out.
#10
#11
I don't think it should be the only variable in your decision, but if I were buying and sales were suddenly down, there must be some reason people aren't biting. If I think out the reason and it doesn't affect me, then by all means I'd go ahead with the purchase, but what if people aren't biting because quality has slipped. Or because there's a new model coming out.
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#15
For a second I thought you said...
...and got really confused. MINI toasters?? Now that's really off the mark! What will they think of next? MINI microwave ovens? MINI blenders? Co-branded MINI/RonCo Showtime Rotisserie & BBQ??
...and got really confused. MINI toasters?? Now that's really off the mark! What will they think of next? MINI microwave ovens? MINI blenders? Co-branded MINI/RonCo Showtime Rotisserie & BBQ??
#17
MINI has had no sales or discount programs - not even for year end clearance. Compare that to other manufacturers going below dealer invoice on some models.
Their interest program was marginally okay at 2.9% but paled quite badly in the light of other manufacturers' 0% or 1% interest programs. When I bought my 2010 MCS, the dealer wanted to charge me 5.9% interest when I asked about it. Fortunately I wasn't planning on financing my purchase anyways. But it was kind of insulting when everyone else including the banks were giving out loans for 3.5 or less.
As much as modding is fun, once someone starts to see how much the extras cost, especially if using OEM parts, the enthusiasm can recede.
The models haven't changed since 2007. Although some would say that this is a sign of maturity, some would argue that it's a sign of complacency or arrogance on MINI's part that so little has changed but they keep jacking up the price. (In some cases they actually took away some of the hidden options while increasing the price; like the pre-wiring for the alarm system.)
Then to make matters worse, MINI never did really address the JD Powers "Quality report" that the 2009 MINI did so bad in - and they still jacked up their 2010 prices..... While one can argue that price increases are inevitable, haven't their research, tooling, and start-up costs already been covered? Seems that way for other manufacturers...
So there are actually a lot of reasons for the sales to go down.
A lot of us, myself included, went ahead and bought the MINI based on our enthusiasm and love of the complete package despite all the above. But for the casual owner that's looking for a good deal, replacement car, etc., the MINI loses pretty significantly.
Their interest program was marginally okay at 2.9% but paled quite badly in the light of other manufacturers' 0% or 1% interest programs. When I bought my 2010 MCS, the dealer wanted to charge me 5.9% interest when I asked about it. Fortunately I wasn't planning on financing my purchase anyways. But it was kind of insulting when everyone else including the banks were giving out loans for 3.5 or less.
As much as modding is fun, once someone starts to see how much the extras cost, especially if using OEM parts, the enthusiasm can recede.
The models haven't changed since 2007. Although some would say that this is a sign of maturity, some would argue that it's a sign of complacency or arrogance on MINI's part that so little has changed but they keep jacking up the price. (In some cases they actually took away some of the hidden options while increasing the price; like the pre-wiring for the alarm system.)
Then to make matters worse, MINI never did really address the JD Powers "Quality report" that the 2009 MINI did so bad in - and they still jacked up their 2010 prices..... While one can argue that price increases are inevitable, haven't their research, tooling, and start-up costs already been covered? Seems that way for other manufacturers...
So there are actually a lot of reasons for the sales to go down.
A lot of us, myself included, went ahead and bought the MINI based on our enthusiasm and love of the complete package despite all the above. But for the casual owner that's looking for a good deal, replacement car, etc., the MINI loses pretty significantly.
Last edited by ongf001; 12-05-2009 at 04:40 PM.
#18
Yeah, I'm more inclined to believe this is an outlier, unless the trend continues over the next few months.
#19
I'd buy it. A MINI toaster would be really cool. It could even be MINI shaped, instead of a regular toaster with a MINI logo.
#21
Count me as a potential buyer who decided to wait.
I was looking at getting a 2010 MCS originally, then I found out about JCW, and got intrigued. Found a decent local used JCW used (2006) that was alright, but bad color/options made me wait... while I was there, I noticed the BMW sale on CPO cars. Ended up buying a 2007 5-series for the wife instead of the Cooper.
I still want to get into a Cooper eventually, but timing wasn't quite right. Sounds like they got some new models coming down the pike, I'd like to see the cold start issues get completely ironed out - and they need to bring back a nice yellow color!!!
That, combined with no real financing incentives to buy a Mini sealed it's fate (BMW is doing 0.9%, plus they made our first four payments at our local dealer).
I'm thinking a yellow JCW coupe for 2011 sounds like a pretty tempting option, we'll see!! :P
I was looking at getting a 2010 MCS originally, then I found out about JCW, and got intrigued. Found a decent local used JCW used (2006) that was alright, but bad color/options made me wait... while I was there, I noticed the BMW sale on CPO cars. Ended up buying a 2007 5-series for the wife instead of the Cooper.
I still want to get into a Cooper eventually, but timing wasn't quite right. Sounds like they got some new models coming down the pike, I'd like to see the cold start issues get completely ironed out - and they need to bring back a nice yellow color!!!
That, combined with no real financing incentives to buy a Mini sealed it's fate (BMW is doing 0.9%, plus they made our first four payments at our local dealer).
I'm thinking a yellow JCW coupe for 2011 sounds like a pretty tempting option, we'll see!! :P
#22
Although I am not holding my breath...this is what I am holding out for. I need something to sweeten the pot a bit for me. I'd like to see 0-.9% financing available. And in the meantime...I need to lose my current car because the trade-in offered to me was poor at best.
#25
Also, if you go to the MINI lots, the dealers have a lot less inventory on the floor. For example the dealer I purchased my car from has a lot less inventory compared to a year ago, and they are pretty much making you order a car and pay MSRP, if you really want one.