E53 Value...
 

is starting to fall fast. I talked to a reliable source at the Stealer today. E53's are starting to trade for 4000.00 to 7000.00 less than normal. It's a combination of gas and the long anticipated E70 release. If you are considering a trade or a retail sell for that matter...do it quick. I'm really on the fence myself. I'm considering a 6 series and a mini for the CEO. I can't stomach a 4000.00 hit on my beast, so I might be making a move real soon. Whatcha' guys think...are you getting the same info out there.......Phil

I think you are seeing the premium E53's drop, the 3.0's are not dropping that much in Norcal, they don’t have the V8 stigma that higher gas prices tend to give. The E70 is not competing with E53 3.0 CPO buyers but might be a problem for the larger engine E53’s that are still pulling close to what a new E70 will be. They need to move those vehicles down to make a new E70 attractive to the buyers that are looking to drop new vehicle cash.

4.6 and 4.8’s will not stay at the premium much longer and I am sure dealers are not giving what they use to for trades, they don’t want a bunch of those older high end models taking any attention from the E70. Lower end E53’s are one thing, but the top of the line rigs might cause buyers to think about a CPO rather than new. No dealers what that.

That typically happens when a new model is release. Some buyers wait for the new models, the E53's will start to look a little bit older, and prices drop. Same thing happens every time. So if you are thinking about selling in the near future, sooner is better than later. Good luck.

I'm a Used Car Manager for a BMW dealership. I appraise and buy BMWs every day, so I'm pretty good with BMW values. In the past several months, I have noticed X5 values start to drop, but it has not been all that dramatic.

The 3.0 models are still doing well... 2001 and 2002 have seen little change, 2003 have dropped a bit but nothing major. 2004, 2005 and 2006 models have dropped more noticeably because they tend to be priced very closely to a new model, and as a result the incentives on new ones have trickled down.

The V8's are a different story. "Plain Jane" 4.4 models are down quite a bit... these are the non-sport, non-nav trucks. They're basically selling for a very small premium over 3.0 models. Gas prices have hurt these trucks. Trucks with Sport Package and Navigation are still commanding a premiuim, more of a difference than just those options should command.

The 4.6 and 4.8 models are still relatively rare, and are holding up ok.


So what is causing this? I don't think it's a huge drop in the value of these models. If anything, it is the market starting to return to normal. For the past few years, there has been a strong export market for X5s and that really inflated the market. Some people were paying as much for 100,000 mile trucks as they would pay for similar trucks with 50,000 miles. For a period of time, the value of an X5 was based on a few simple factors: engine, color (black, silver commanded big premiums), navigation (BIG premium), and whether it had sport package (even BIGGER premium). Mileage was irrelevant if the truck met this criteria. Wholesalers bought all the X5s that they could, even with 100,000 miles, and they ended up on their way to Eastern Europe.

The export market for these cars has cooled a bit, and the market has come back down to reality. I really don't think it is a sign that the E53 is loosing value. My guess is that other than a minor drop in the next year that is inevitable with the release of a new body style, the E53 will hold strong resale over the next few years. This is quite different from experience with the E38-E65 and E39-E60 changeover. In both of these cases, continuing to date, the old bodystyle have continued to drop in value significantly. A late production example of the E38 or E39 has taken a huge hit in resale in the past few years. I'm predicting that this will not happen on the E53, at least not in a major way.

thanks for the info...as a recent 05 3.0 buyer I have found your info very valuable.

I was at the dealer few days ago and they had a 2003 ///M5 in the showroom with a price of $53k. I hope the 4.6 /4.8 hold similiar values down the road. I know....wishful thinking. ;)

Bought our 2003 X5 3.0 Sports for $100k and just got a trade in price for the 2007 X3 (fully loaded) of $58k...... and that was with the new car manager ringing me up trying to get my business with a good deal..........

Im just hoping we dont see a e46 type drop in these things..My stlr has a 2006 X5 with a load of options and a 44k sticker on it..4 miles on the dash...And they're having problems moving it...I got a trade in price for my '04last week at 31,500!! I couldnt believe it..It went on the market yesterday, so fingers crossed...If it sells, I guess Ill be driving a beater for the next 8 months or so...

:iagree:

At 18mpg and 24+ gallons of premium $3.30+ fuel, that isn't a shocker :)