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      01-12-2022, 02:32 PM   #1
65fastback
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Finally!

Starting to see prices of F8x reduced on cars sitting on lots...not selling. Possibly a sign of a slow " price correction" coming? don't get me wrong prices in general are still up there. But.....

Seems like plenty of inventory out there in my area and appears to be less demand.

Anyone else seeing this in your area?
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      01-12-2022, 02:54 PM   #2
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This started at 69,900 Oct/Nov. Now it's at 62,900. It has 19,000 on it and is in decent shape. I test drove it but I thought 70 was too much. I tired to talk them down but no luck. Looks like they are having a tough time getting rid of it. Eventually bought a 2017 M3 with 9,200 miles on it for significantly less.
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      01-12-2022, 03:00 PM   #3
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This started at 69,900 Oct/Nov. Now it's at 62,900. It has 19,000 on it and is in decent shape. I test drove it but I thought 70 was too much. I tired to talk them down but no luck. Looks like they are having a tough time getting rid of it. Eventually bought a 2017 M3 with 9,200 miles on it for significantly less.
The market is finally correcting itself.
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      01-12-2022, 03:03 PM   #4
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But it’s a “Great Deal”
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      01-12-2022, 03:32 PM   #5
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But it’s a “Great Deal”
Love it!
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      01-12-2022, 03:40 PM   #6
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Wait until you want to trade-in. Dealers will want to pay peanuts for your car with some preface like this: "Price for your car has gone pretty down recently"
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      01-12-2022, 06:47 PM   #7
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Wait until you want to trade-in. Dealers will want to pay peanuts for your car with some preface like this: "Price for your car has gone pretty down recently"
I understand they have to make a living, but historically it has not been an honest living. There was an Mcar dealer years ago in Portland who was known for not fleecing his customers. He showed you how much profit he was making on each car. It was a reasonable markup. I bought my M3 from him. Site note, he also won a million buck playing the lottery!

But, having said that, they don't give two poops about what we feels about anything they do! I looked at CARVANA and other online sales services and their markups are nuts! Dealers want to appear transparent, but there is nothing in that game that is transparent. If it were there would not be so many laws on the book protecting us from fraudulent behavior by the dealers. Many corps register in Panama or New Jersey for a reason and that is not transparency!
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      01-13-2022, 09:33 AM   #8
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Could also be winter slowdown. Inflation is real, maybe if economy slows down and we get stagflation then F80 prices will really start to drop. $70k is too strong but low 60s is normal on 18s with 20k miles whereas that car would normally be a $55k car so prices are still high imo.
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      01-17-2022, 05:54 PM   #9
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I've been doing a lot of research and (im)patiently waiting and prices have come down a tiny bit but still seem to be a bit crazy.
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      01-17-2022, 10:08 PM   #10
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I've been doing a lot of research and (im)patiently waiting and prices have come down a tiny bit but still seem to be a bit crazy.
Likewise. I sold my M4 a few years back (2015 w/30k miles when I purchased in 2018 for $48k)

Now im considering getting back to an M4... and 4 years later, the prices are about the same as I paid back then. I'm seeing 2015 M4's going for $48k still. Makes it tough to justify. Especially when the market eventually resets, I'd have spent a ton on a car that will drop in valuable drastically.
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      01-17-2022, 10:41 PM   #11
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I have had two observations over the last 6 months or so:

1. ZCPs are in Cloud-9 territory - seeing ZCPs in the high 60s to mid 70s is just nuts. CSs with similar or less mileage sell for mid 70s to very low 80s. I think within the BMW M3 buying market, F8X ZCPs and E9X are "bubbles". Generally though if you are going from one car to another, you are fairly insulated to the price increases. Net/Net you end up in about the same place.

2. I don't think we are going to see pre-covid prices for a while, if ever, due to inflation and projected lack of inventory - specifically that manufacturers are raising new prices and benefiting from a new level of price control. In a lot of ways it's probably a new normal, however, I do expect the phenomenon of appreciating cars to end at some point. It's just after that point I think we will see a typical depreciation curve kick back in rather than a crash back to pre-covid price levels.
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      01-18-2022, 11:31 AM   #12
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It’s true this has been going on now for nearly two years and there are enough new or younger Buyers Who aren’t really phased by the hyper inflated F8x prices Because they weren’t shopping over two years ago.
Just enough of these cars are selling to keep the market at status quo.

The market on e92’s is definitely in outer space but again somebody out there must’ve paid 50-60k for a low mileage clean example to give legitimacy for others to ask these prices. Once one of these cars sell for a stupid price everybody finds out about it that becomes the new normal.

One thing I’ve noticed is M3’s have definitely pulled out ahead value wise of M4’s all things being equal. Pre-Covid M3 and M4 were pretty much the same price or very close in the used market, there is definitely a wider spread in price these days ..,I was shopping pretty hard back then.
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      01-18-2022, 11:43 AM   #13
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Quote:
Originally Posted by 65fastback View Post
It's true this has been going on now for nearly two years and there are enough new or younger Buyers Who aren't really phased by the hyper inflated F8x prices Because they weren't shopping over two years ago.
Just enough of these cars are selling to keep the market at status quo.

The market on e92's is definitely in outer space but again somebody out there must've paid 50-60k for a low mileage clean example to give legitimacy for others to ask these prices. Once one of these cars sell for a stupid price everybody finds out about it that becomes the new normal.

One thing I've noticed is M3's have definitely pulled out ahead value wise of M4's all things being equal. Pre-Covid M3 and M4 were pretty much the same price or very close in the used market, there is definitely a wider spread in price these days ..,I was shopping pretty hard back then.
900 mile e92 just sold for $120k.
The March north has begun on e92 prices for well kept examples and the e92 will end up like the e30. Lots more cars made but it's a 8100 rpm NA V8 M3 bespoke race motor - one and only ever.
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      01-18-2022, 12:20 PM   #14
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Quote:
Originally Posted by RugbyBro View Post
I have had two observations over the last 6 months or so:

1. ZCPs are in Cloud-9 territory - seeing ZCPs in the high 60s to mid 70s is just nuts. CSs with similar or less mileage sell for mid 70s to very low 80s. I think within the BMW M3 buying market, F8X ZCPs and E9X are "bubbles". Generally though if you are going from one car to another, you are fairly insulated to the price increases. Net/Net you end up in about the same place.

2. I don't think we are going to see pre-covid prices for a while, if ever, due to inflation and projected lack of inventory - specifically that manufacturers are raising new prices and benefiting from a new level of price control. In a lot of ways it's probably a new normal, however, I do expect the phenomenon of appreciating cars to end at some point. It's just after that point I think we will see a typical depreciation curve kick back in rather than a crash back to pre-covid price levels.
I agree with this. Call it "new normal."
My Porsche 997.2 quest is over. Pre Covid they were $55 to $60k now they are are 20 % higher. I don't see that particular model dropping even half of that. This pushes me into the next option which will only be brand new. LCI G80 or possibly G87.
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      01-18-2022, 12:31 PM   #15
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Wow that’s a pretty extreme example for sure! And will likely never be enjoyed … just a car sitting still and admiring how much somebody spent on it and how Low the miles are….pfffft boring.

About a week and a half ago before buying a f82…I came so close to pulling the trigger on a 2 owner 2011 e92 zcp with 100k on the clock original rod bearings. Price was 27k. I totally understand the appeal of these cars and the motor. However there is a lot of hype within the BMW community especially those who currently own one and are considering selling.
Lots of optimistic asking prices but are they really selling???? I dunno.
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      01-18-2022, 12:39 PM   #16
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Quote:
Originally Posted by 65fastback View Post
Wow that’s a pretty extreme example for sure! And will likely never be enjoyed … just a car sitting still and admiring how much somebody spent on it and how Low the miles are….pfffft boring.

About a week and a half ago before buying a f82…I came so close to pulling the trigger on a 2 owner 2011 e92 zcp with 100k on the clock original rod bearings. Price was 27k. I totally understand the appeal of these cars and the motor. However there is a lot of hype within the BMW community especially those who currently own one and are considering selling.
Lots of optimistic asking prices but are they really selling???? I dunno.


Look at this crap... 4 owners, nearly 200k miles, accident reported, has other cosmetic issues based on comments (someone checked it out) and looking for $19k. Maybe that doesn't seem like a lot to some, but this would have been a $10k car a couple years ago.

I've also noticed tons of rebuilt/salvage title E9Xs posting for mid to high 20s, even in the 30s for some lower mileage examples
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      01-18-2022, 01:03 PM   #17
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Quote:
Originally Posted by RugbyBro View Post
I have had two observations over the last 6 months or so:

1. ZCPs are in Cloud-9 territory - seeing ZCPs in the high 60s to mid 70s is just nuts. CSs with similar or less mileage sell for mid 70s to very low 80s. I think within the BMW M3 buying market, F8X ZCPs and E9X are "bubbles". Generally though if you are going from one car to another, you are fairly insulated to the price increases. Net/Net you end up in about the same place.

2. I don't think we are going to see pre-covid prices for a while, if ever, due to inflation and projected lack of inventory - specifically that manufacturers are raising new prices and benefiting from a new level of price control. In a lot of ways it's probably a new normal, however, I do expect the phenomenon of appreciating cars to end at some point. It's just after that point I think we will see a typical depreciation curve kick back in rather than a crash back to pre-covid price levels.
Agreed on the ZCPs. I prowl around Cars.com, Autotrader, and my dealer's network nearly daily checking on this. CPO ZCPs seem to start around $65k and rise quickly from there.

BMW of Nashville had a red Heritage Edition M4 ZCP without Icon headlights sitting around for a while at ~$75k, but it looks like someone eventually bought it.

Things seem to be settling down a little but not quite fast enough to make me excited about what I'll have to deal with when my 340 lease is up in April.
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      01-18-2022, 01:06 PM   #18
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I guess if a 900 mile E 92 can sell for $120,000 it gives credibility to the guy selling his 200,000 mile E 90 for the low low price of 19 K. There must be some sort of metrics in there to justify it lol

As far as rebuilt / salvage tile cars…. This market has enabled People to be less shy on pricing these cars it’s really ugly out there.
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      01-18-2022, 02:16 PM   #19
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Quote:
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I guess if a 900 mile E 92 can sell for $120,000 it gives credibility to the guy selling his 200,000 mile E 90 for the low low price of 19 K. There must be some sort of metrics in there to justify it lol

As far as rebuilt / salvage tile cars…. This market has enabled People to be less shy on pricing these cars it’s really ugly out there.
Yeah the $120k one was a real shocker, especially since there was a E90 CRT making the rounds for less.

The rebuilds have been a bit of a shocker, a bunch of the local cars I've seen for sale up here and the general PNW region are rebuilds. But I guess it's to be expected given its an aging platform. I'm sure there are going to be plenty of F8X rebuilds as the years go on, so buyer beware at the lower prices
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      01-18-2022, 03:24 PM   #20
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Quote:
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Yeah the $120k one was a real shocker, especially since there was a E90 CRT making the rounds for less.

The rebuilds have been a bit of a shocker, a bunch of the local cars I've seen for sale up here and the general PNW region are rebuilds. But I guess it's to be expected given its an aging platform. I'm sure there are going to be plenty of F8X rebuilds as the years go on, so buyer beware at the lower prices
I see ALOT of F8X's and E9X'S out there for sale right now in our area so the argument for the "supply and demand" theory being the cause for high prices is weak at this point. I mean you can barely find a 15 F80 for high 40's or under 50k. its a total joke.

There will always be buyers for rebuilt title cars as long as the price reflects it...they can be a good buy to the right person.
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      01-18-2022, 09:00 PM   #21
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Prices are not returning lower, they may stabilize but there is no reason for them to go back to pre Covid levels, they won't.

Car lots still empty. All of us who own a car now aren't going to settle for less than current price levels either, lots of examples of recent sales at higher prices for buyers to justify paying the premium.

Also the more expensive (later MY low miles) best example cars prospective buyers likely have at least some amount of net worth to be spending 70k+ and have likely seen their other assets (home, investments) go up in value significantly over the last 2 years. So an extra 10k on a car isn't gonna phase a buyer whose seen their total net worth go up by over 30% on larger things like home and investments
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      01-19-2022, 04:51 PM   #22
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Quote:
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Prices are not returning lower, they may stabilize but there is no reason for them to go back to pre Covid levels, they won't.

Car lots still empty. All of us who own a car now aren't going to settle for less than current price levels either, lots of examples of recent sales at higher prices for buyers to justify paying the premium.

Also the more expensive (later MY low miles) best example cars prospective buyers likely have at least some amount of net worth to be spending 70k+ and have likely seen their other assets (home, investments) go up in value significantly over the last 2 years. So an extra 10k on a car isn't gonna phase a buyer whose seen their total net worth go up by over 30% on larger things like home and investments
Unless you're like me who's had my stocks drop about 35% in the past year
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