08-29-2021, 11:04 PM | #2 |
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Of course. Like with all used cars right now, when supplies of new and used cars gets closer to normal, prices should go down.
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08-30-2021, 01:56 AM | #3 |
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It's not inflation, it's the chip shortage. There aren't enough new cars, and there are always people who will need/want cars. Dealerships started paying more for used cars so they'll have something to sell vs. nothing.
While we don't know when the shortage will end, used prices have appeared to leveled off. Once new inventory comes back to sane levels, used prices should also adjust. Go to almost any new car dealer and just look at all the empty space. They're saying that things should get better in a few months but i'd expect things to fully be closer to normal in mid to late 2022. |
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08-30-2021, 02:56 AM | #4 |
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At present supply cannot meet demand therefore prices are holding. Given current supply chain issues and shortages of certain components for new cars this is likely to continue for the short term. Things will eventually settle and prices will too. I'd estimate this to be mid to late 2022.
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08-30-2021, 09:39 AM | #6 |
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Articles such as this suggest used and new car prices will stay high or go higher generally through CY22 due to low supply of vehicle inventory.
https://www.autonews.com/suppliers/a...wVc-V3Z3oYrzc4
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08-30-2021, 09:45 AM | #7 |
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Also my vroom offer was 37k in Nov of 2020 with 20,500 miles but now I just got a 47,5xx offer from vroom with 24,800 miles; helps to show how much this market is inflating.
Car is a 2016 mineral white DCT with a 78k'ish msrp
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08-30-2021, 09:51 AM | #8 |
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Depends on which car you're talking about. I think the newer ones will come back to normal levels when the shortage is under control, but older cars like the E36 M3 or Z3M for example, will stay high IMO.
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08-30-2021, 11:18 AM | #9 |
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I believe that at one point the market will realize that it wn too far. If you go back 10 years, e46 m3s traded for 10-15k, now it is impossible to find a good example for under 50k. Are we sure that a mass production car (86k produced) will keep up with the current value? A total different story is the z4m, that is a real limited production car
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08-30-2021, 11:28 AM | #10 |
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Even if the current economic conditions stayed the same (and they won't, they will get better over time), the price would drop. Unfortunately, no one has any real idea when that's going to happen.
I'd say your best bet for a used M-car is a.) Winter time when sales slow naturally, and b.) when the new model is readily available and on showroom floors. Jan/Feb is classically the best time. |
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540iSUP726.00 Bimmer Pleaser211.50 |
08-30-2021, 11:16 PM | #11 |
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Maybe but with the forthcoming golf carts there is no doubt in my mind that any M car in reasonable condition will increase in value. Automakers can try as hard as they'd like, but software cannot be programmed to replicate the driving experience of a fire breathing M division engine, raucous exhaust, sensation of shifting gears, etc.
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08-30-2021, 11:33 PM | #12 | |
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50K??? ![]() |
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08-31-2021, 07:10 AM | #13 | |
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09-01-2021, 06:16 AM | #15 |
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If you price a car in real dollar terms as opposed to nominal, you can at least help take out the effect of the demise of purchasing power due to inflation. The question then of course is what to use as a deflator since the CPI so much understates inflation (purchasing power demise). However, it's a start.
I paid right near $60k for the M2C, new, in Sept 2018 for example. If we plug that value into the official BLS calculator, it spits out that you would need $64,900 in current dollars to achieve the same purchasing power of that $60k three years ago. I can't help be think back to the 1970s when inflation took off in the latter half of the decade. BMW introduced the first 5-series, the E12 530i, here in 1975. With A/C (not standard) and a 4spd manual (standard), the MSRP was right at $10k in 1975. By 1980, essentially the same car (now labeled 528i as they switched to 0.2L smaller displacement when they changed to a three-way Lambda catalytic converter) with clearly some improvements, A/C now standard, 5MT in place of 4MT, etc, had an MSRP of just over $20,000. It was just a sign of the times back then. Nothing in the past decades (80s, 90s, 00s, 2010s) is even remotely close to what happened in the 70s, so very few people today have any clue to what significant inflation (purchasing power destruction) is like in action.
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03-20-2022, 06:43 PM | #17 |
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If inflation continues at its present rate, and there's really nothing to suggest it won't, cars will be a STEAL compared to what we'll be looking at in 12-18 months.
I don't think most people have any real appreciation for how serious things are going to get. You cannot continue to have 14+% inflation year over year without societies breaking down, and war breaking out everywhere. ///M cars might the last thing on a lot of people minds, just putting food on the table for the family will be dicey. |
03-20-2022, 07:46 PM | #18 | |
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In the case of America (or Europe), the worst we'll get is further stratification. The big one is still a ways-away. |
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03-25-2022, 11:06 AM | #22 |
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The thing is, this gen of M cars may be the last fully ICE cars. For that reason, I think they will always be desirable. So I don't think they will go down, and I don't think that's just because of chip shortage or inflation.
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