Re-sale/trade-in values UP?! 335d market soft?

LuisBoston · 03-10-2009, 12:39 PM

So I was at my local dealer this past Friday to have some warranty work done, and I was told that my car's value has increased $5,000 since people stopped buying new cars. He said the market has definitely improved. He wasn't even really trying to sell me a car, knowing I had just bought it last year. Anyway, I felt a little better than I had before.

This is in the Boston area.

He also said they haven't sold any 335d's yet, and they had one sitting in the lot for weeks now. It's hard to sell RWD only in New England, but I was sure some early adopter would've taken it by now.

mmm def · 03-10-2009, 12:43 PM

I really would like to believe that, but I don't. It's not that people stopped buying new cars, they stopped buying cars in general. Also, with the deals out there you are almost better off getting a new car.

noro · 03-10-2009, 12:45 PM

It is true that the used car prices have shown a little bump last week, nowhere near 5000, I think your dealer is thinking wishfully. Which dealer is this BTW?

LuisBoston · 03-10-2009, 12:47 PM

Quote:

Originally Posted by noro

It is true that the used car prices have shown a little bump last week, nowhere near 5000, I think your dealer is thinking wishfully. Which dealer is this BTW?

Peabody. I didn't believe him too much, but I could see them offering 19-20 two months ago and maybe 23/4 now. I didn't ask to have it appraised, nor am I interested, but it's a guess. It could be an average as well, including 5's and 7's, which lose much more in value. He went off spouting some monthly sales stats (x number of new sales and used sales, but I forgot those as I didn't care). I was only interested in playing with the new iDrive.

noro · 03-10-2009, 12:53 PM

BMW of Peabody is nice, they actually have been very good to me. Rob the service dept manager is a cool dude.

From what I heard, there has been good amount activity in the CPO market because you really can get practically a new car that costs less and this provided some resistance to dropping prices. Also BMW FS's effort to get lease returns be bought out by the same lessor resulted is fewer cars hitting the used market.

CyberGypsy · 03-10-2009, 01:01 PM

Sorry market is bad now, you will lose big time at this moment

methodtim · 03-10-2009, 01:02 PM

Quote:

Originally Posted by CyberGypsy

Sorry market is bad now, you will lose big time at this moment

Yes, thank you for that insight.

blakjack23 · 03-10-2009, 01:37 PM

Quote:

Originally Posted by CyberGypsy

Sorry market is bad now, you will lose big time at this moment

How about this moment? Still bad?

Kruz · 03-10-2009, 02:37 PM

Saw a black 335D (civilian plate) the other day FWIW.

mmm def · 03-10-2009, 02:38 PM

Quote:

Originally Posted by blakjack23

How about this moment? Still bad?

Still bad, sir.

blue2fire · 03-10-2009, 02:40 PM

Your car's value had increased $5000 by one dealers measure?. I would have simply traded it in and bought an LCI if i heard that.

LI E90 · 03-10-2009, 02:42 PM

BMW pre-owned is actually up over 20% YOY, however new car sales are down 38% YOY

u5er · 03-10-2009, 03:30 PM

Quote:

Originally Posted by LI E90

BMW pre-owned is actually up over 20% YOY, however new car sales are down 38% YOY

Does that have anything to do with the price?

The harder car manufactures try to sell new cars, the less used cars will be worth.

CyberGypsy · 03-10-2009, 04:17 PM

Quote:

Originally Posted by blakjack23

How about this moment? Still bad?

Yep, the dealer was blowing smoke

Sal@AUTOcouture · 03-10-2009, 04:20 PM

Quote:

Originally Posted by LI E90

BMW pre-owned is actually up over 12% YOY, however new car sales are down 38% YOY

corrected, but VERY true.

CPO sales are way up...so much that there are many less cars going thru wholesale. If this keeps up BMW may bring back the .9% across the board again to stimulate new car sales

stressdoc · 03-10-2009, 05:03 PM

I want a 335d. But I want it with ZMP and a Euro chip.

blue2fire · 03-10-2009, 05:06 PM

I like diesels but if it was in a car that i buy for fun rather than a boring commute, i would rather waste Petrol. Another issue with diesel was that when the prices of Fuel nosedived, diesel was roughly a $1.00 more/gallon, you will never make the premium back if your purchase is based on economic reasons.

1clean335i · 03-10-2009, 05:17 PM

mine went up $3,000 in the past 4-5 weeks....

blakjack23 · 03-10-2009, 05:19 PM

Quote:

Originally Posted by CyberGypsy

Yep, the dealer was blowing smoke

How about now? Still bad?

doodads · 03-10-2009, 05:51 PM

My dealer is selling new 08 335's at $10,000 below MSRP. The market can't be that good.

Fraxum · 03-10-2009, 08:42 PM

Who here believes what a car saleman(woman) says? Let them show you bottom line numbers then believe. SA indeed, is a car salesperson by any other name. They are not all complete liars but thier job is to get you to buy and buy right now. Never forget that.

And the economy is going to get a lot worse before it gets better. The condifion our personal spending and banks are in right now has happened once before. The year was 1929.

If someone offers you what you think your car is worth, take it now and buy a beater until things settle down. If you leased consider yourself lucky. If you bought keep it until the wheels fall off.

VMRWheels · 03-10-2009, 09:03 PM

The pricing is a matter of seasonal supply and demand... Typically, dealers new and used, wouldn't be buying cars during the winter months (Nov, Dec, Jan). Therefore, the prices at dealer auction is reflective of the lower demand.

However, in Feb/March, auction activity picked up, and same cars are selling for 10-15% higher. This is because dealers are taking the time to restock their showrooms for the new selling season.

When considering trade ins, dealers would look at how much they can buy the car for at auction. And so, if the auction price is up 10-15%, you bet they would have a higher budget to buy trade in's too.

Its definitely better to buy cars when they are not "in season" and sell cars during the summer!

03-10-2009, 12:39 PM	#1
LuisBoston Lieutenant Colonel 508 Rep 1,945 Posts Drives: '13 128i, '23 iX M60 Join Date: Feb 2008 Location: Boston iTrader: (3) Garage List 2013 BMW 128i [8.83] 2023 BMW iX M60 [9.50] 2007 328xi [8.75]	Re-sale/trade-in values UP?! 335d market soft? So I was at my local dealer this past Friday to have some warranty work done, and I was told that my car's value has increased $5,000 since people stopped buying new cars. He said the market has definitely improved. He wasn't even really trying to sell me a car, knowing I had just bought it last year. Anyway, I felt a little better than I had before. This is in the Boston area. He also said they haven't sold any 335d's yet, and they had one sitting in the lot for weeks now. It's hard to sell RWD only in New England, but I was sure some early adopter would've taken it by now. __________________ 2023 BMW iX M60 BSM 2013 BMW 128i 6MT MGM/CR. M-sport/Premium/Cold, HK, Xenons, BMW SSK and PE. ED 7-12-2013 SOLD: '07 E90 6MT BSM/Terra, '18 F31 Sunset/Oyster, '21 Polestar 2 http://www.1addicts.com/forums/showthread.php?t=897862
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03-10-2009, 12:43 PM	#2
mmm def Colonel 144 Rep 2,610 Posts Drives: 21 330, 19 ND2 RF, 11 RX350 Join Date: Dec 2006 Location: NJ iTrader: (0)	I really would like to believe that, but I don't. It's not that people stopped buying new cars, they stopped buying cars in general. Also, with the deals out there you are almost better off getting a new car.
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03-10-2009, 12:45 PM	#3
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	It is true that the used car prices have shown a little bump last week, nowhere near 5000, I think your dealer is thinking wishfully. Which dealer is this BTW? __________________ zhpregistry.net - ZHP stats and free classifieds.
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03-10-2009, 12:53 PM	#5
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	BMW of Peabody is nice, they actually have been very good to me. Rob the service dept manager is a cool dude. From what I heard, there has been good amount activity in the CPO market because you really can get practically a new car that costs less and this provided some resistance to dropping prices. Also BMW FS's effort to get lease returns be bought out by the same lessor resulted is fewer cars hitting the used market. __________________ zhpregistry.net - ZHP stats and free classifieds.
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03-10-2009, 01:01 PM	#6
CyberGypsy Lieutenant 15 Rep 443 Posts Drives: 2006 325i Join Date: Oct 2008 Location: Key West iTrader: (0)	Sorry market is bad now, you will lose big time at this moment
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03-10-2009, 02:37 PM	#9
Kruz Major 22 Rep 1,083 Posts Drives: 2021 M2C 6MT Join Date: Jun 2007 Location: Chicagoland iTrader: (4) Garage List My garage spot [0.00] 07/07 BMW 335xi [8.50] 2001 Honda CBR600F4i [0.00] 2007 Husqvarna SM610 [0.00] 2004 Chevy Tahoe Z71 [0.00] 2005 Harley Davidso ... [0.00] 2007.9 335xi [6.50]	Saw a black 335D (civilian plate) the other day FWIW. __________________ 2021 BMW M2 Competition, BSM, Exec Pkg, 6MT GONE:07/07 E90 335xi SG Black Dakota\|Alum\|ZSP\|2AB\|ZPP\|ZCW\|Nav\|CA\|6FL\|PDC\| Blacklines\|3M Summers: 235/40/18 265/35/18 Hankook Ventus V12 on VMR 701s A/S: 225/40/18 255/35/18 Pirelli PZero Nero M+S on OEM 162s
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03-10-2009, 02:42 PM	#12
LI E90 Colonel 131 Rep 2,086 Posts Drives: E90 Join Date: Mar 2007 Location: Long Island iTrader: (2)	BMW pre-owned is actually up over 20% YOY, however new car sales are down 38% YOY __________________ 2013 MB C300 4matic 2014 Ford Explorer Ltd 1973 Jeep Commando
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03-10-2009, 05:03 PM	#16
stressdoc Moderator 618 Rep 10,855 Posts Drives: BMW i8; Toy 4runner TRD pro Join Date: Jun 2005 Location: Waco TX iTrader: (0)	I want a 335d. But I want it with ZMP and a Euro chip. __________________ My recent ED photos: http://f80.bimmerpost.com/forums/sho....php?t=1026808 my not-so-recent ED: http://www.e90post.com/forums/showthread.php?t=31829 Please join BMWCCA http://bmwcca.org/index.php?pageid=c...&ref_by=300279
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03-10-2009, 05:17 PM	#18
1clean335i Perf BMW mag issue 147, 159 414 Rep 6,803 Posts Drives: Project Estoril Join Date: Feb 2007 Location: Miami, FL iTrader: (31) Garage List 2013 335i M-sport [0.00] 2011 X5 xdrive35i M ... [0.00] 2009 335i M-sport [0.00] 07' 335i Sedan [0.00]	mine went up $3,000 in the past 4-5 weeks.... __________________ '13 Estoril Blue 335i M-sport *Don't PM me!* Message me here- http://www.facebook.com/ProjectEstoril
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03-10-2009, 05:51 PM	#20
doodads New Member 1 Rep 22 Posts Drives: 530i (Present) Join Date: Feb 2009 Location: North Bethesda, MD iTrader: (0)	My dealer is selling new 08 335's at $10,000 below MSRP. The market can't be that good.
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03-10-2009, 08:42 PM	#21
Fraxum Private First Class 3 Rep 117 Posts Drives: E90 335i Join Date: Dec 2007 Location: South NJ iTrader: (0)	Who here believes what a car saleman(woman) says? Let them show you bottom line numbers then believe. SA indeed, is a car salesperson by any other name. They are not all complete liars but thier job is to get you to buy and buy right now. Never forget that. And the economy is going to get a lot worse before it gets better. The condifion our personal spending and banks are in right now has happened once before. The year was 1929. If someone offers you what you think your car is worth, take it now and buy a beater until things settle down. If you leased consider yourself lucky. If you bought keep it until the wheels fall off. __________________ Gone: E90 6MT 335iDD: Camaro 2SS 6M
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03-10-2009, 09:03 PM	#22
VMRWheels BimmerPost Supporting Vendor 2040 Rep 25,989 Posts Drives: BMW Join Date: Jun 2007 Location: Anaheim, CA iTrader: (4) Garage List 2013 BMW M3 [10.00] 2015 BMW M4 [0.00] 2013 BMW F30 [0.00] 2014 BMW F22 [0.00] 2013 BMW F06 [0.00]	The pricing is a matter of seasonal supply and demand... Typically, dealers new and used, wouldn't be buying cars during the winter months (Nov, Dec, Jan). Therefore, the prices at dealer auction is reflective of the lower demand. However, in Feb/March, auction activity picked up, and same cars are selling for 10-15% higher. This is because dealers are taking the time to restock their showrooms for the new selling season. When considering trade ins, dealers would look at how much they can buy the car for at auction. And so, if the auction price is up 10-15%, you bet they would have a higher budget to buy trade in's too. Its definitely better to buy cars when they are not "in season" and sell cars during the summer! __________________ VMR\|Wheels \| 714.442.7916 \| sales@velocitymotoring.com \| www.velocitymotoring.com \| facebook \| flickr \| Instagram
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