Resale prices are REALLY LOW!!

[manonskisjr]

Originally Posted by m5james

Time to buy some premium used SUV's and buy some stock before it goes back up

I wish i was as calm as you are man

[aus]

Originally Posted by msammy

Very interesting post. This is very bad news for BMW (and us). I was wondering when this whole lease-gig was ever going to come down on the heads of the auto manufacturers. Leasing was a very lucrative business over the past 12-15 years or so - imagine the car manufacturers and dealers being able to sell the same car twice - once new (lease) and then used (lease or sale)! Very lucrative indeed. Now, with the high cost of gasoline, everybody is looking at their monthly costs and trying to reduce expenditures. Keep in mind, this too shall pass, this is a temporary spike in fuel prices, the prices will settle into the low $3 range within 12 months and after a few years, this will all be history and will be considered the norm!

The dollar will need to regain a LOT of value in order for that to happen, which means the economy will need to pick up a LOT.

[aus]

Originally Posted by ca911

i saw yesterday two 06 3.0i's with premium package, no nav, and both with around 17k miles each on them going for about 32-33k, at a DEALER!

If I could sell my 4.6is MINT, and LOADED wtih all options, with 39k miles for $33k, I'd be all over it.

[X5Sport]

We're starting to see the same in the UK now that fuel prices are well over £5 ($10) a gallon (imperial) and the UK Govt plan to start charging owners more than £400 ($800) per year in Vehicle Excise Duty (Road Tax) for vehicles registered from May 2001 onwards (so penalising people years after they made their purchases). Owners of the larger engined/heavier SUV, and any other high emissions type vehicle, are now trying to shift them and prices are falling quickly. From 2010, new cars in the highest tax band - where the new X5 also sits get whacked for an additional pollution tax of $1500 on top of all the other taxes & vehicle duty in the first year.

The UK is getting serious about emissions, but to be honest we're a smallish island as far as global emissions go and the differences it will actually make is marginal to the whole global warming thing, but if it makes the country feel better........................but that's a whole different thread.

I think that as long as my E53's now much improved reliability holds out I might just hang on to it for the time being. Diesel fuel is even more expensive in the UK at around $11 a gallon and because of the changes in the maritime sector (who it is reported may have to add diesel to their bunker fuel to clean up the emissions) thus increasing demand for diesel, there is a significant and growing price gap between diesel and petrol to the point where diesel may price itself out of the market. At least one motoring journo expects to see diesel prices here rising to more than £9 ($18) per gallon.

Reliability issues aside, my X is without doubt the best driving and most comfortable car I have ever owned so it will be real shame if it's type disappears.

[bd3500]

I think one of the biggest reasons BMW has been struggling is definitely the devaluation of the dollar. BMW will likely will expand US production capacity to hedge against this in the future.

[aus]

I went to the dealer today to see what kinda of pricing they had on the new X5's. They were ALL discounted $5-7k depending on the MSRP!!! Not good.