1M Values - Will they drop following the release of the M2?
Discussion
There's a lot of talk of the impending M2 release affecting 1M values - Not just recently either, in a lot of articles covering the 1M over the past few years this point has been made, and now the M2 has been officially unveiled what do you think? Will values fall, or does the fact there were only 450 sold in the UK mean they will stay consistent?
A recent EVO M-Power related article quoted two experts saying similar things, with one claiming that the values have been sustained by the trade and the car should not be looked upon as a long term investment.
I've always loved the 1M and have also been waiting patiently for the M2 release to compare the two, I'm a big fan of what I have seen of the M2 so far but ultimately the 1M does still seem a more 'special' car (whatever that means) - I am a little worried however that i'll be the guy who enters the market now when cars are 35k + , and then 3 years down the line they've plummeted to £18k at main dealers... Whilst I realise any car purchase as an investment is a substantial risk, that would be a painful pill to swallow after 4 years of the cars barely dipping below their original purchase amount.
What do people think? Will it depend a lot on the reviews of the M2? Is the M2 irrelevant due to the excellent press for the 1M and the very limited run?
A recent EVO M-Power related article quoted two experts saying similar things, with one claiming that the values have been sustained by the trade and the car should not be looked upon as a long term investment.
I've always loved the 1M and have also been waiting patiently for the M2 release to compare the two, I'm a big fan of what I have seen of the M2 so far but ultimately the 1M does still seem a more 'special' car (whatever that means) - I am a little worried however that i'll be the guy who enters the market now when cars are 35k + , and then 3 years down the line they've plummeted to £18k at main dealers... Whilst I realise any car purchase as an investment is a substantial risk, that would be a painful pill to swallow after 4 years of the cars barely dipping below their original purchase amount.
What do people think? Will it depend a lot on the reviews of the M2? Is the M2 irrelevant due to the excellent press for the 1M and the very limited run?
CRA1G said:
I think if anything it will increase the values of the 1M,and I'm sure M2 will be produced in far bigger numbers,look what happened with the Z3M coupe to the Z4M coupe...!
Good point, the Z3M has been on quite the rise for a little while now huh! That's a good comparison actually.milfordkong said:
Good point, the Z3M has been on quite the rise for a little while now huh! That's a good comparison actually.
Exactly... Z3MC's have been sold for up to £45K recently...! If I had the space and money i'd buy a 1M as I see them going to be a good long term classic... Whatch this space...!In the mean time I'll keep polishing my Z3MC...
I don't think the m2 will affect 1m values, I think to affect it, it'll have to be the same as the 1m in the sense that it's limited edition, manual only etc.
No other model successor has caused special editions models prices to fall that I'm aware of, example being e92 m3 release didn't affect e46 csl.
Be interesting to see where the 1m do go in value.
No other model successor has caused special editions models prices to fall that I'm aware of, example being e92 m3 release didn't affect e46 csl.
Be interesting to see where the 1m do go in value.
Personally think the things people found new and interesting about the 1m - it's torquey power delivery vs e92 m3 mostly will become the norm for m cars - already has
Given its appeal is being diluted with the newer and constantly refined iterations of forced induction I would think it's values will fall somewhat but still remain reasonable since it is still a rare car just one with a niche demand
The z3m coupe is not a good analogy I think as it is such an unusual looking thing looks are a huge part of longer term demand and the 1m does not stand out in this regard vs m2
Given its appeal is being diluted with the newer and constantly refined iterations of forced induction I would think it's values will fall somewhat but still remain reasonable since it is still a rare car just one with a niche demand
The z3m coupe is not a good analogy I think as it is such an unusual looking thing looks are a huge part of longer term demand and the 1m does not stand out in this regard vs m2
CRA1G said:
milfordkong said:
Good point, the Z3M has been on quite the rise for a little while now huh! That's a good comparison actually.
Exactly... Z3MC's have been sold for up to £45K recently...! If I had the space and money i'd buy a 1M as I see them going to be a good long term classic... Whatch this space...!In the mean time I'll keep polishing my Z3MC...
Can't use overpriced delivery mileage cars from silly dealers as true values. Otherwise my RB5 must be worth £13k which I currently don't think it is and would not sell for that price despite being better than that one for sale.
dvshannow said:
The z3m coupe is not a good analogy I think as it is such an unusual looking thing looks are a huge part of longer term demand and the 1m does not stand out in this regard vs m2
I'm not so sure, to my eyes the visual analogy of Z3M Coupe - Z4M Coupe and 1M to M2 is fairly similar... I'm not saying the 1M is as interesting aesthetically as the Z3MC, but to my eyes it's certainly a considerably more extreme / eye catching thing to look at than the M2 is. Good point on the torque delivery / turbo, it appeared to be very much a sign of things to come for M Cars.
Edited by milfordkong on Tuesday 20th October 08:59
rb5er said:
Theres a few for sale for less than £20k. The £45k one must have been a 10k mile minter from one of those well known sellers that advertise everything for twice their worth.
sale.
I'v been watching the market for a while and the "few" under £20K are well over 100K miles or Cat D cars,the one that has just sold for £45K had only done 33K miles but recent ones have been " selling" for £35/40K with 50/60K miles.. sale.
CRA1G said:
rb5er said:
Theres a few for sale for less than £20k. The £45k one must have been a 10k mile minter from one of those well known sellers that advertise everything for twice their worth.
sale.
I'v been watching the market for a while and the "few" under £20K are well over 100K miles or Cat D cars,the one that has just sold for £45K had only done 33K miles but recent ones have been " selling" for £35/40K with 50/60K miles.. sale.
rb5er said:
CRA1G said:
rb5er said:
Theres a few for sale for less than £20k. The £45k one must have been a 10k mile minter from one of those well known sellers that advertise everything for twice their worth.
sale.
I'v been watching the market for a while and the "few" under £20K are well over 100K miles or Cat D cars,the one that has just sold for £45K had only done 33K miles but recent ones have been " selling" for £35/40K with 50/60K miles.. sale.
Edited by CRA1G on Tuesday 20th October 12:47
I'm not aware of any other example from the BMW stable that really provides any comparison or explanation for 1M values. It's particularly odd that they've stayed so resolutely within spitting distance of their original list price. I guess it's a unique combination of rarity, the current buoyancy of the used car market, excellent reviews, looks and desirability and so on. I struggle to make sense of it objectively. But it didn't stop me buying one earlier this year. So I guess it's partly my/our fault.
The CSL, the Z3M, etc all dropped in value quite materially before then surging in the last two or three years. The 1M has bearly dropped at all from the day they were first introduced. Frankly, it's a bit weird.
That being the case, I think it's very difficult to make any accurate prediction what'll happen to values. If the M2 seemed materially better in some way, that might cause current 1M owners to upgrade or in panic to dump their cars onto the market. But that doesn't seem to be the vibe on the forums. There don't seem to be many owners queuing up to "upgrade" and there doesn't seem to have been a rush of cars to the classifieds.
But then again, I can't really see them rising like the CSL has - it feels like a special car, but not that special, and it doesn't have the same trackday appeal.
Who knows? Only time will tell. Buying any car as an investment seems like a risky business to me. If my little 1er holds its value, or even rises, then that's great. If it drops a bit then that's fine too. I'll have enjoyed every journey I've made in it.
The CSL, the Z3M, etc all dropped in value quite materially before then surging in the last two or three years. The 1M has bearly dropped at all from the day they were first introduced. Frankly, it's a bit weird.
That being the case, I think it's very difficult to make any accurate prediction what'll happen to values. If the M2 seemed materially better in some way, that might cause current 1M owners to upgrade or in panic to dump their cars onto the market. But that doesn't seem to be the vibe on the forums. There don't seem to be many owners queuing up to "upgrade" and there doesn't seem to have been a rush of cars to the classifieds.
But then again, I can't really see them rising like the CSL has - it feels like a special car, but not that special, and it doesn't have the same trackday appeal.
Who knows? Only time will tell. Buying any car as an investment seems like a risky business to me. If my little 1er holds its value, or even rises, then that's great. If it drops a bit then that's fine too. I'll have enjoyed every journey I've made in it.
CRA1G said:
I think if anything it will increase the values of the 1M,and I'm sure M2 will be produced in far bigger numbers,look what happened with the Z3M coupe to the Z4M coupe...!
I'd say that the Z3M is very different to the Z4M that followed, the M breadvan was a very rare sight when it was in production, poor sales and quirky styling often translate into strong pricing in the semi classic market, I'm not sure the 1M falls into that category vs. the M2 but we will see....Gassing Station | M Power | Top of Page | What's New | My Stuff