11-27-2017, 08:09 AM | #1 |
Lieutenant
285
Rep 552
Posts |
Supply has finally caught up with demand
I've been watching the used market on the M2 for a while and it seems that the prices are finally getting a bit more "normal". I mean for the first couple of years now, even used M2's were going for almost MSRP or more, at least the asking prices were set there. Maybe it was a 1M carryover effect, but now that supply has met demand, the cars might actually depreciate like they should.
I have now seen a few below $50k and even some new 2018's listed for what appears to be MSRP. Maybe the dealer markups will be over on new ones going forward also. Coincidentally I noticed a similar thing on the GT350. Perhaps the overall market is getting softer, or it is just coincidence because both models have been around for about the same time. |
11-27-2017, 08:31 AM | #2 | |
Major
739
Rep 1,066
Posts |
Quote:
__________________
Formerly - "That Guy" in the purple BMW
|
|
Appreciate
3
|
11-27-2017, 09:22 AM | #3 |
Brigadier General
2347
Rep 4,250
Posts |
While I think some people will wait for the CS or competition or whatever the hell the rumor mill calls it, I do think we are seeing the BRZ effect. Everyone who wants one has one and sales just sharply drop off after the initial rabid enthusiast uptake.
Personally I think people are in for some sticker shock when the pricing comes out for the competition. "this much for a 2 series" will likely be the phrase.
__________________
///M Power
|
Appreciate
7
|
11-27-2017, 09:33 AM | #4 |
Amateur Tattoo Artist
808
Rep 699
Posts |
Agree with stefan. Most people who had to have them, have them. As far as the cs goes, one of the attractions of the m2 for me was the price. I had an M5 for my last car. Worth every penny. As the price goes up in the m2, my interest goes in the opposite direction
|
Appreciate
0
|
11-27-2017, 09:53 AM | #5 |
Second Lieutenant
536
Rep 289
Posts
Drives: '18 M2 MG 6MT, '03 E39
Join Date: Nov 2016
Location: FL
|
Also consider that the longer the cars have been out the more likely that some examples will start to acquire higher mileage so their resale value will reflect that as well.
It also varies by location, my local dealer still has a lengthy wait list and it has remained pretty consistent like that for the past year.
__________________
Current Car | 2018 ///M2 MG 6MT
Previous Car | 2003 E39 530i Sport |
Appreciate
1
M///Fanatic211.50 |
11-27-2017, 09:58 AM | #6 |
Lieutenant
265
Rep 443
Posts |
I just ordered mine a month ago and got an allocation 3 weeks later. BUT i bought it at the highest volume dealer in Canada.
__________________
2018 F87 LCI gone but not forgotten
2021 G80 6MT BSM |
Appreciate
1
M3 Adjuster7904.50 |
11-27-2017, 10:01 AM | #7 |
Private First Class
29
Rep 134
Posts |
KBB still lists used 16/17 with typical miles in the 50’s. I wonder how accurate that is at this point.
I’m struggling with pulling the trigger on an 18’ that I was offered $2k off msrp (no USAA), $1500 extra on my trade, and 1.9% financing. Great deal if it wasn’t for these CS rumors that has me wondering if I should wait. A nice perk for this car was the slower depreciation, which moved me away from some other models. Now who knows how it will hold up.... |
Appreciate
1
M3 Adjuster7904.50 |
11-27-2017, 10:04 AM | #8 |
Private First Class
197
Rep 177
Posts |
I agree with the BRZ effect, most people who want one and can afford one already have one. And I'm sure there are a handful of people holding out for the CS or whatever it will be called. The demand is no longer significantly more than the supply. Same with GT350.
With that said, used M2s are still holding their value well, very few used M2s have been listed below $50k. I'm sure a few have sold for less than $50k, but asking prices for the most part have stayed north of $50k. |
Appreciate
1
VR-Tech117.00 |
11-27-2017, 10:12 AM | #9 | |
Disrupter
1562
Rep 2,484
Posts |
Quote:
Agree very much on the "BRZ effect." I don't recall Subaru dealers being able to get above MSRP on them, nor do I recall them being very hard to find, even shortly after they were released. I found mine sitting on a dealer's lot, and bought it on a whim in June of 2013; I think I even got somewhat of a deal on it. When I bought my 2015 STi, dealers all over the country were trying to get "market adjustments," however I just drove into the dealer and they caved on that $5K adjustment immediately. Similarly, the Mk VII Golf R was hot on release, but market adjustments were a challenge to execute, and these things have finally started to depreciate significantly. Expensive and small performance cars like the M2 are a very tiny niche in the automotive marketplace, even moreso if we are talking MT vehicles, especially in N. America, where trucks and SUVs reign supreme. The other part of the equation which people may not be ready for, is that these (M2) cars are going to depreciate like other BMWs, or at least like the most similar BMW vehicle in the stable, the M3, does. There's been a 2 year delay in this, but it is going to start with gusto, and will accelerate with model refreshes and engine changes. Another thing that ultimately depresses demand for used M-cars, is that BMWs are not cheap to keep running, and just because one can afford to purchase a used M-car at 1/2 off it's original selling price, does not mean that one can afford to maintain and repair it; this further reduces demand for used ones. Gravity is a very hard force to overcome :-) The only reasons why the 1M has been immune to this depreciation, so far, are the car's unpolished quirkiness and rarity. |
|
Appreciate
0
|
11-27-2017, 11:36 AM | #10 |
Banned
7905
Rep 11,785
Posts |
|
Appreciate
0
|
11-27-2017, 11:40 AM | #11 | |
Banned
7905
Rep 11,785
Posts |
Quote:
This is exactly why Manufacturers don't publish a schedule/timeline for when The next big thing will come out. That's a hella deal on an M2. |
|
Appreciate
0
|
11-27-2017, 11:46 AM | #12 | ||||
Lieutenant
285
Rep 552
Posts |
Quote:
Quote:
Yes, location matters on new ones, but the used market is nationwide and not as affected by location. Quote:
Quote:
|
||||
Appreciate
1
stefan2346.50 |
11-27-2017, 12:46 PM | #13 |
Colonel
1823
Rep 2,948
Posts |
Still blows me away how worried people are over resale. Buy the car to drive it, not turn a profit.
It'll hold its price well compared others (RS3, CLA45, etc) and once the sticker shock and pudgier weight of the CS sets in, there will still be a place for the OG M2. |
Appreciate
7
|
11-27-2017, 12:54 PM | #14 |
Major General
5860
Rep 6,631
Posts |
The 2 series has been pretty reliable so I wonder if that will affect depreciation, but BMW and M car reliability reputation will probably have its way with the value of the car.
Anyway I still think the M2 Competition is going to just dump all over the value of the N55 M2. I guess the M2 will hover a bit above the M240. M240 is pretty young in its life cycle but they are what 42k-47k used? |
Appreciate
0
|
11-27-2017, 01:13 PM | #15 | |
Lieutenant
285
Rep 552
Posts |
Quote:
|
|
11-27-2017, 02:52 PM | #16 | |
Amateur Tattoo Artist
808
Rep 699
Posts |
Quote:
|
|
Appreciate
3
|
11-27-2017, 03:35 PM | #18 | |
Lieutenant
285
Rep 552
Posts |
Quote:
(quote: Still blows me away how worried people are over resale) I'm not worried about resale, I'm just observing the prices finally being where they normally should be for a used car after a year or two.... 10-20% below the MSRP, not the same of above. |
|
Appreciate
1
oalvarez10.50 |
11-27-2017, 03:58 PM | #19 | |
Major
221
Rep 1,073
Posts
Drives: 1991 318is; 2017 M2
Join Date: Jun 2013
Location: Vancouver, BC
|
Quote:
It'll be interesting to see how close to the M4 the M2 "CS" will land in terms of pricing, if I were looking in that price category I would have a hard time justifying that sort of money for a car with a fraction of the options as the M4. |
|
Appreciate
0
|
11-27-2017, 04:03 PM | #20 | |
Major General
5860
Rep 6,631
Posts |
Quote:
|
|
Appreciate
0
|
11-27-2017, 04:24 PM | #21 | ||
Brigadier General
2347
Rep 4,250
Posts |
Quote:
__________________
///M Power
|
||
Appreciate
0
|
11-27-2017, 04:37 PM | #22 |
Captain
565
Rep 787
Posts |
I do note that an unsold 2018 M2 is in the local BMW showroom (as of last week when I went in for maintenance). We have had a very low volume sold here in Nova Scotia, so to see one sitting in the showroom was quite a surprise. Definitely a sign that supply has caught up with demand.
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|