E92 M3 price free fall!
Discussion
OP - any specific examples?
Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
Gruber said:
OP - any specific examples?
Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
yLooks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
I'm not rumour mongering I have just always thought that m cars in general tend to fall in value quicker than others. I.e audi rs4 or c63 amg
Gruber said:
OP - any specific examples?
Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23tk - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
yLooks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23tk - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
I'm not rumour mongering I have just always thought that m cars in general tend to fall in value quicker than others. I.e audi rs4 or c63 amg
Pig Skill said:
thepony said:
Pig Skill said:
The worrying part is the future values - There are around 168 currently on PH of which only 8 have sold!
The new 3 series is available next year too....
E92s values are going down. If you are worried about it you should not buy it.The new 3 series is available next year too....
They must be at least three maybe four years old now ? i.e. you will have some cars not under warranty which does bring prices down in general. Same thing happened with the E46....I sold my E46 in late 2004 before there were too many cars out of warranty on the market. Next major leg down in price will be when the new one is launched.....plus with the state the financial markets are in there's at least a 25% chance we could see a 2008 style implosion of car prices.
Beardy10 said:
.....plus with the state the financial markets are in there's at least a 25% chance we could see a 2008 style implosion of car prices.
Have a feeling you might be right there; it's a buyer's market already where large-engined petrol cars are concerned and Q1 2012 could see some real bargains if things go pear-shaped with the world economy. New E92 M3's were available for around £40k in early 2009 and I suspect we could see a repeat of that if the economic situation deteriorates further.... I was browsing E92 M3's in the BMW AUC site the other day, prices are dropping but are certainly not in free fall. What did strike me was the number of them for sale, a lot more have come on the market recently. If there is a lot of availability of good cars I can see that driving prices down significantly in the future.
JNW1 said:
Beardy10 said:
.....plus with the state the financial markets are in there's at least a 25% chance we could see a 2008 style implosion of car prices.
Have a feeling you might be right there; it's a buyer's market already where large-engined petrol cars are concerned and Q1 2012 could see some real bargains if things go pear-shaped with the world economy. New E92 M3's were available for around £40k in early 2009 and I suspect we could see a repeat of that if the economic situation deteriorates further.... Big E 118 said:
I was browsing E92 M3's in the BMW AUC site the other day, prices are dropping but are certainly not in free fall. What did strike me was the number of them for sale, a lot more have come on the market recently. If there is a lot of availability of good cars I can see that driving prices down significantly in the future.
Indeed! It may be that prices look reasonably firm by reference to current advertised prices on the BMW AUC website but if most of those cars aren't selling it's a log-jam waiting to break. In fairness we're heading towards winter and the market probably starts to slow down at this time every year; however, I do think there's a wider malaise at the moment and IMO the market for large-engine petrol cars is likely to suffer badly if we see a return to the type of economic conditions we experienced 3 years ago.Gruber said:
OP - any specific examples?
Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
What is AUC?Looks to me as if AUC cars are pretty much where they were 3 months ago when I bought mine... maybe £1k down on similar age / spec as mine. On PH there are still only 8 below £25k and none below £23k - still a long way north of e46s (excluding Hexagon's e46s, but since when has Hexagon pricing been a bellweather?). Those at the bottom are low spec and high miles.
So good rumour mongering, and I agree that depreciation is inevitable, but I don't agree with your "analysis".
JNW1 said:
Big E 118 said:
I was browsing E92 M3's in the BMW AUC site the other day, prices are dropping but are certainly not in free fall. What did strike me was the number of them for sale, a lot more have come on the market recently. If there is a lot of availability of good cars I can see that driving prices down significantly in the future.
Indeed! It may be that prices look reasonably firm by reference to current advertised prices on the BMW AUC website but if most of those cars aren't selling it's a log-jam waiting to break. In fairness we're heading towards winter and the market probably starts to slow down at this time every year; however, I do think there's a wider malaise at the moment and IMO the market for large-engine petrol cars is likely to suffer badly if we see a return to the type of economic conditions we experienced 3 years ago.I think that as German cars have become increasingly more popular and common that the residuals have also taken a big hit to bring them into line with cars with a less "premium" badge.
I think this will only increase as people keep buying them over other options. Similar to Ford in the 80's and 90's.
I think this will only increase as people keep buying them over other options. Similar to Ford in the 80's and 90's.
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