Preowned pricing gap

[Digitalwok]

I have been in the market for an used M3 over the past month and I noticed that there is a price gap of about $5K between what the sellers are asking for and what buyers are willing to pay.

The only direct sales data I can get is from ebay completed listing (while it not the whole picture it better than nothing). There also is a gap between the classic valuation tools such as KBB, NADA and Edmunds compared to what users on this forum paid or their valuation of current market.

My conclusion is that dealers are trying to increase their margins for this car as the economy picks up but buyers are just not ready to pay more...its a game of chicken to see which side blinks first.

Is this what everyone else that is looking feeling or is it just me

[NaplesBull]

I completely agree with you.

I have been looking at new and used M3's...some dealers have their used car prices at crazy numbers while there are some around the country that have reasonable numbers.

It has made me decide to purchase new instead of used. There isn't enough of a value for me to buy used based on what the dealer wants. Usually I always buy used, a 3-4 year car is perfect because I can own it for a year or two and not see a huge amount of depreciation. But if I wanted to buy a used M3 right now, my fear of depreciation is quite large.

I started my research on 08 M3 E93's...the average Manheim auction values have actually gone UP in the last 12 months for these cars. It's quite insane. But I think a large part of that has to do with the economy of where it was so prices had to be lower then. They don't have to be lower now though.

[Digitalwok]

Originally Posted by NaplesBull

I started my research on 08 M3 E93's...the average Manheim auction values have actually gone UP in the last 12 months for these cars.....

That is where I started my search as well. Since then I have expaned it to 2009. BTW, what are the current auction prices?

[Nine]

The price will continue to rise on M3s, supply and demand as well as the demand for cars that are CPO'd or coming out with BMW offerings.

Looking at the pricing of the new M5, the entire M line is going to see a price increase, look for the next M3 to be in the 75-85k range.

BMW has done a great job of increasing sales, next step is profitability...

Finding a clean M3 with low miles is very hard, there are plenty of abused, modded and dropped, leases from hell out there...those are the cars that are very difficult to negotiate over...

[inter1032]

ive been looking for awhile and im seeing dealers wanting 60k for an 09 which i think is insane but you see people on here buying for like 51-53. but im not sure how flexible these dealers are on prices

[Digitalwok]

Originally Posted by inter1032

ive been looking for awhile and im seeing dealers wanting 60k for an 09 which i think is insane but you see people on here buying for like 51-53. but im not sure how flexible these dealers are on prices

I am crying inside as I read the "what did you get your M3 for" thread and seeing current pricing on the market. Damn...looks like I missed the boat about about 3-4 months.

Its even hard to find the one that I want (Interlagos, DCT, non-black) let alone negotiating prices. For example, I found a 09 M3 listing for $54 with 23K miles and fully loaded which is ok and they would not even move to $52 just to make the deal! Worst even, on ebay they are selling some with lemon titles at full valuation like the lemon title is meaningless .

I think I may just need to suck it up and jump on the next one that I find and just forget what users have paid in the past...so painful.