Last post on Nov 07, 2013 at 4:56 PM
You are in the Chevrolet Impala
What is this discussion about?
Chevrolet Impala, Sedan
#3417 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [nomoreford2]
Jan 11, 2009 (1:01 pm)
These cars have atrocious resale. Just be glad you are not trying to trade the car at a dealer. The Kelley Blue Book values are simply depressing.
Edmund's TMV values tend toward the optimistic side. They are supposedly based on real data from real people, but the used values are simply too high. Their new car TMV's tend toward the low side. As many cars as I have purchased, it has been near impossible to get a new car dealer to match the TMV value no matter how hard I push them.
For comparison, the KBB private party price of an '06 3LT with leather and sunroof is $10,500. If it doesn't have leather or sunroof, the private party price is even lower.
My '06 2LT with 36,000 miles currently has a Kelley Blue Book trade-in value of $7900. My experience has been that dealers in my area offer KBB minus $1000, so I figure I would maybe get $7000 on a trade. Last month the KBB value was about $8500. I know I could get more if I sold it myself, but I never do that. Not worth the hassle to me.
As far as the drop on your value, keep in mind that the car has over 36,000 miles on it and the original factory warranty has expired. That will have a slight impact on the value of the car. Quite frankly, most buyers are a little hesitant to purchase an off-warranty, domestic brand car "as-is" and with a spotty repair history (such as the '06+ Impala). Also remember that the auto market continues to struggle. No buyers means that there is diminished demand for vehicles. Diminished demand means diminished value.
Additionally, the used market is flooded with '06 Impalas. An Autotrader search shows 136 used '06 Impalas within 50 miles of my location, and 4,500 nationwide. A 2006 3LT with only 22,000 miles came up at $12,995 at a Chevy dealer. The more there are on the market, the less they are worth to buyers, dealers, and auctions.
Finally, huge incentives on new cars means that the value of used cars will decrease. When it becomes cheaper for people to buy a new car than a used one, the used ones have to decrease in price accordingly.
Selling any car right now is tough.
#3418 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [nomoreford2]
Jan 11, 2009 (6:02 pm)
There is a flood of used and repo'd cars on the market. Combine that with lower and lower new car prices and your car is loosing value fast (they all are).
It's all a disaster.
All you can do if you want to get a new car is hope the new has dropped as much as the used.
#3419 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [nomoreford2]
Jan 11, 2009 (8:25 pm)
I checked KBB and it was $10,480 Private Party. It looks like there values clearly favor the dealers, there retail values are as high as edmunds with lower trade ins.
I was looking into a 08 Malibu LTZ, but wondering if it will have the same problem since so many malibus are fleet/rentals.
#3420 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [nomoreford2]
Jan 15, 2009 (10:08 pm)
Tell the dealer you need a printout each time your car was in for your records. Once you get that review it and see if there are notes on it stating your complaints of rough shifting. Once you have that, tell him you're not happy with the transmission, and it doesn't require break in to shift smoother. Tell him you don't want him to stall any longer so you're further out of warranty. Tell him I'll be calling the GM hotline and get authorization to take the car to a dealer that can fix transmissions. If you only had a 36k warranty, the papers you have detailing your complaint, prior to the warranty expiring should get you the job done under warranty. Don't put it off. Take notes and write your GM complaint number down. Tell them it's past 36k miles but you need referral to a better dealership. Get name, phone number, case number, even written confirmation that the repair is authorized. Then never go back to that dealer. He's making good money on a crappy tranny. I don't understand why he didn't replace it. Other than they need a bailout.
#3421 of 3636 Re: Flawless car! [priggly]
Jan 15, 2009 (10:41 pm)
Try regular gas for even more power. The higher the octane, the higher the temp prior to detonation. Pre-ignition causes pinging, and is bad. The gas pre-ignites while the piston is still climbing in the cylinder, the pinging is the piston bopuncing off the cylinder walls so to speak. You use the lowest octane gas you can, without pinging. Many people believe opposite because they hear things like racing cars using 104 octane etc. It's a different machine. Check your mileage. You won't get any better mileage, and probably less, on premium.
#3422 of 3636 Re: '06 new questions [ryster]
Jan 15, 2009 (10:53 pm)
Another reason is it is one less thing a weekend mechanic can do. So, it never gets changed, and walla, you need a new fuel pump. Isn't that great??? And they even care soooo much they put the fuel pump in the tank. Most people don't, I do, drop their tanks and change the pump themselves. Oh, and if you do, that's after the tow bill. No fuel pump, no go. The old fuel pumps were on the outside and you could take them on/off with a ton less money and hassle. Don't kid yourselves. The more I learn, the more I leanr why they do what they do.
#3423 of 3636 Re: Tie-rod and front end alignment [wbowl99]
Jan 15, 2009 (10:57 pm)
Tell that mechanic that that bulletin is for your car, to be fixed right. That balancing tires can be done by any idiot with today's spin balancer's. And ask where the bulletin actuially says tow alignment only. Tell him the bulletin isn't for him either, as it says "trained" mechanics, and he doesn't appear to be one. At least not a good one. This is why only I touch my own cars.
Jan 16, 2009 (1:08 am)
I know GM's customer service leaves alot ot be desired. I'm looking at a 2006 Impala 3.5 L with 102k. It has the heater issue I hope is the air bubble, but I admit I thought it was water pump related. I saw the posts on water pumps as well. Maybe it is some air but I've been flushing my own for years and never had this occur. I suspect the lady who's sister had this happen has a water pump about to die but I don't know. Car drives great. But I don't want to be a fool. Have those of you that have had problems got them resolved?
#3425 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [Magnumwideglid]
Jan 16, 2009 (8:54 am)
I wonder the same thing alot.
I took it to the dealer in March 07 and told them about rough shifting and even printed out the tsb's and was told thats how impala's shift. Then i went back Sept 08 with the same tsb's printed and had the 2nd clutch piston housing and gaskets replaced for a 1-2 shift shudder and then one month later the dealer discover some worn gears in the trans. and replaced those. But the problem is when they drive it im sure there are aggressive and it performs fine, but when driving normal with light throttle, it still has either a rough 1-2 or 2-3 shift or a slight 1-2 shudder and thats when i hear the whole give it some time to adjust speech.
Im at 36,300 now, so if i take it back and show them all the tsb's on the transmission, hopefully the will repair it for free. To this day they still cant solve why the car will slightly jerk back and forth when easing off the gas if your going 1-2 mph. So i give up.
#3426 of 3636 Re: WHY ARE IMPALA's LOSING SO MUCH VALUE?? [nomoreford2]
Jan 17, 2009 (12:56 am)
As someone who has personally built transmissions in the past, 10 years ago, and my brother has been and still does build transmissions for the last 18 years, I can tell you that an automatic transmission does not need to adjust itself. There were years ago some self learning trans from chrysler, but that was shift timing, not smoothness or jerking or not going into gear. My 06 LTZ with 26k on it will sometimes seem like it doesn't make the 2-1 downshift unless I come to a complete stop. Or if I am backing up, and go to fast into drive it studders and catches. These are problems that will not get better without repairs. They are lying about readjusting. Unfortuneatly my car is just out of warranty. So my brother gets the honors of fixing it sometime soon. Don't let them lie to you!