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05-08-2011, 04:45 PM | #1 |
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What is going on with our cars? Values seem to be going way up?
Hi,
I'm just curious, has anyone noticed how much our cars have increased in value the past 6 months? As well, are any sellers actually getting these prices or is it just wishful thinking? For instance, 6 months ago the blue book on my ///M with 42k miles on it was $22k. Now, with 50k miles on it the same blue book is $26.5k! Trade-in value also went up roughly $4k. I've noticed that the asking amounts on ebay/autotrader have risen considerably as well. I actually couldn't believe when I saw how cheap our cars were going for 6 months ago, it made absolutely no sense to me. It looks like they're valued correctly right now, but I'm wondering if anybody is actually getting these prices for their cars when they sell them? Is it just inflation showing it's head due to our wonderful leaders printing money, or perhaps due to the cash for clunkers monstrosity that took so many good used cars off the market? Anybody really know? I'd be happy, but the only car I'd really think of replacing my Z4M with is a newer M3, and boy have those gone up in value the past 6 months as well!! |
05-08-2011, 05:13 PM | #2 |
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There is a natural fluctuation of prices around the seasons. SUVs will go up in price during winter, "summer" cars like ours will go down in price in winter, but rebound in spring. That's why the best time to sell our cars is around March, where tax refunds also help.
Also you gotta add in the depressed economy which we seem to be slowly coming out of. Weather is just a momentary blip only time will tell. With electric on the horizon, and the price of gas raising, I'm not entirely sure what prices will do.
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05-08-2011, 08:02 PM | #3 |
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Also the //M's are going to be scarce with the end of the lease returns.
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05-08-2011, 08:30 PM | #5 |
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There was an influx with the lease returns, price dropped as a result. Now that inventory seems to have dried up and more owners are keeping their cars. The summer is also here and northerners are getting the sports car bug and snatching some cars up. When I bought my car there where 10-12 on eBay at the time, last time I looked for shits and giggles there were 1-2.
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05-08-2011, 09:04 PM | #7 |
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Actually late model used car inventory is low because so few 2008 and 2009 new cars were sold during the economic downslide, so all used car prices are generally up right now, and probably will be until the mid 2010 and 2011 cars coming off lease start becoming available.
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05-09-2011, 10:19 AM | #9 |
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From mid march to now my car is up 4k for wholesale and dealer retail???
Seems Like more than a summer bump which is normally about 10% I am using KBB numbers which I used when I bought in march, if its true it would be the first time I bought a car and didn't lose 5k just by driving it home. |
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05-09-2011, 10:23 AM | #10 |
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Hopefully the rise in prices is just for our type of cars, and not for all.
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05-09-2011, 11:41 AM | #12 |
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I think that the M was previously undervalued for the market and that they have since adjusted the numbers. I don't think anyone would say the average M car was going for $22k last year. $27k seems more reasonable, and IMO still less than current market value.
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05-09-2011, 12:14 PM | #13 |
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Already said it serveral times but I wish I lived in US...
Bought my Z4MC for 35k EUR in Germany. Yes it's flawless premium selection, directly from BMW with warranty and it's a 2008 but still 35k EUR = 50k USD these days... |
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05-09-2011, 12:39 PM | #14 |
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05-09-2011, 01:40 PM | #15 |
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10 months ago when I got my M, there were about 100 "M" coupes for sale on Autotrader. Today, there are 38--and this is in the whole country. You can see the supply shrinking so it only stands to reason that the price should be holding or could be rising.
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05-09-2011, 01:58 PM | #17 |
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thats what I said! hahaha
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05-09-2011, 05:25 PM | #19 |
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GASP!! Not a - a -a - a CarTel!!!!!
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05-09-2011, 06:06 PM | #22 |
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Nikki, I can not believe no one has snapped up your Coupe'! It is a unique color, since only 68 were produced....
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