Resale prices are REALLY LOW!!
 

I'm looking at what I might get for my X5 and was suprised to see dealers advertising 2003 4.4 with around 50-60k for around $24-26,000!:rolleyes: The private sales prices are about $5k higher, probably based on Kelly Blue Book/Edmunds prices.
Looks like the price of gas and the economic downturn is really hitting the SUV market.

Just wondering if anyone else has had similar results in their home markets.

This is not unique to the SUV segment. I think that the used car market in general is taking it in the shorts right now. On the other hand, if anyone is on the market for a used car, a sports car in particular, deals abound.

As an example, a friend is looking for a used Boxster. A quick search in the Southern California area for 2001 to 2004 and you can pull almost 200 cars for sale.

I read a snippet the other day that said BMW had nearly 700,000
leased cars floating around in the mkt...I cannot find that quote/source
even with some serious searching in my usual reading sites.

My point is, that's a good way to move units, as opposed to hoping
all the great unwashed will waddle in and "buy" a $45-$80G car of
theirs, but when those lease units roll back into the used mkt, "CPO"
or not, it should only serve to further depress what one might get
for their used X, 3 series, et al.

Kind of a Catch22, imo, much like the US car companies got into
a few years ago with 0% financing and cheapo lease deals simply
to move units. Admittedly, the unit numbers of BMW, in the US,
are small, but there are boatloads of BMW brand lease cars being
driven around every day.

I think I may keep humping our '01 for quite some time, long as it
runs well.
BR,mD

Good times ahead to get yourself into an 06 4.8is :dance:

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!

Same thing here in the Atlanta area. It seems like values have dropped about 7-10k in a little more than a year.

Yup, I did a KBB estimate on my cars and my jaw dropped when I saw my 2007 550i w/15K miles came in with a trade-in value of only $40K. I'm keeping my older X5 forever, totally paid for and will always be worth something someday! :thumbup: Just as everyone on this thread has observed, the value of our beautiful machines has dropped significantly with the bad economy, high cost of fuel and future outlook of oil prices. Not a good picture, but you know what, I don't care what it costs, I'm still driving, baby! :driver:

Looks like BMW is taking it in the Roundel!

http://www.bloomberg.com/apps/news?p...&refer=germany

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! :popcorn:

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