Quote:
Originally Posted by kennychopra17
Just came across this post now. Theres probably a reason why noone on the e90post forum wants to reply to your post. I'll do the honors, and don't fret, I won't Flame b/c you might just be a valuable asset to this forum one day and wouldn't want to deter you form the community.
I'm sure this is not rocket science to you, but it really comes down to how the market is moving. Its obvious that we are in somewhat of a 'recession' which means that people are less prone to buy/lease newer cars right now. BMW actually reported losses in the 2nd quartile this year which is the indicator that New car sales are down. But BMW is smart, instead of dropping prices on their beloved 3 series, prices actually went up on new cars! (pls look at increasing MSRP's since 2007) This leads Bmw buyers to the preowned market. This validates your observance how used car prices actually went up! BMW AND private sellers see this demand and are pricing their cars accordingly. If you think the used car market for bimmers are over priced, then by all means buy a new one, but be ready to spend $43k+ on a loaded 328xi and $48k+ on a loaded 335i.
And Be ready to spend $30-35k on a preowned 335i loaded with low miles unless you want to buy one from some chop shop used car auto sales! Good luck with your search!
Just my .2
PS - My friend has been searching for a preowned 328xi coupe for almost 6 mos to one year now, and can't find the right car <20k miles for less than $32k. (just to give you a clear idea of where the BMW market is today)
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BMW raising the price of their new cars had nothing to do with their desire to manipulate the price of their used car inventory. That's like saying that they got rid of ashtray lids and took the seatback nets off so that used e9x cars would be more appealing. They raised prices because they had to or thought that they could without an overall negative impact on sales.
The stability of the prices of used cars is simply a matter of supply and demand. With the economy in it's current state, it seems as though more people are wanting to avoid the massive first year depreciation and instead buying late model used cars. Increased demand for these lightly used cars is what's keeping their prices for dropping like today's 401k balances.