E70 X5 4.8I - Low Demand SUV?

[GAM3OVR]

Hey,

I was originally looking for a 06 4.8Is, but have since switched my attention to a 2007 X5 4.8I. I've been doing some light car research and I'm finding the prices of what dealers asking far off than what KBB, or Nada Guide is indicating for these cars. Were there simply too mass produced, and have low demand due to V8?

For example I found 07 X5 4.8I with only 16K. Kbb indicates this car should be sold at around 45K. The dealer is only asking 38K, and with little elbow grease, you can take the car home probably at around 36K.

I'm finding many of these deals, and even better with private sellers. Also the same cars keep coming back to Ebay week after week. I just want to make sure I'm not going to be buying something I'l be stock with for a while. Did the E70 never grow on people or is it the combo of high supply, low demand, bad economy and the V8 really puts this car's resale value super low?