01-31-2018, 12:26 PM | #23 |
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agreed, but better going from this than straight into a car of those numbers from a daily or something. i honestly also believe thats why cars DONT get lighter even when the means to doing so becomes more accessible/cheaper cost.
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01-31-2018, 12:29 PM | #24 | |
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01-31-2018, 12:32 PM | #25 | |
enthusiasm > practicality
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01-31-2018, 12:43 PM | #26 |
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I agree with the OP these cars have saturated their market somewhat. I know it is the quiet time of the year but dealers have M2's on their lots. My SA told me he has 2 orders for the competition and they see the M2 sales slowing down. I don't care though they are a limited market car as others have pointed out - I don't take delivery of mine till April and i don't care they are still making 15-20 a day in Leipzig. IMHO they should stop making them now. That way we would all benefit rather than see dealers have to give them away.
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01-31-2018, 01:07 PM | #27 | |
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Again, you're taking what's happening in one sliver of the world - and not even for actual regular folk, but ONLY BMW employees - and extrapolating it to the rest of the planet. This doesn't work, or Food Lion would look at what's happening to the price of rice in Nicaragua and they'd jack it up to $200 per pound everywhere else. You're equating an employee incentive to dealers "having to give them away". I'll counter you with this - I'm in Arizona, and I've got 5 dealers within 4 hours of me, including Tucson and Palm Springs. Demand is still so strong that 4 of the 5 dealers won't even taken an ED order because they don't have to, and 0 of the 5 have a 6MT M2 in ANY color. This is the 12th largest metro market in the USA, and there's not a single 6MT M2 in any color within 4 hours. Still think they should stop making them?? |
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01-31-2018, 01:44 PM | #28 | |
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I would consider this to be a normal stock situation. BMW has reached full production on the M2, the special orders (some of which were a year old) have been delivered and winter's not even half over, which stifles the sales of any car that's even a little sporty. With warmer weather on the horizon by the end of March, those in-stock M2s will be gone. |
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01-31-2018, 02:24 PM | #29 | |
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Just stop making them for Canada. The demand for this kind of car there has got to be a lot less. Colder weather, snow, ice, and a smaller population. |
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01-31-2018, 02:44 PM | #30 | |
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BUT this is a specialty car - definitely not for everyone. What I am saying is that (unlike other 2 series cars) this car will have a shorter lifespan. 2 years ago you could not get one and now they are starting with the incentives and dealers have them on their lots..... You can argue that this is specific to Toronto which is the 8th largest city in North America. I would say respectfully that you will see sales slow down this year.
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01-31-2018, 02:55 PM | #31 | |
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HOWEVER I think prices will go down once the M2 Competition is revealed. |
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01-31-2018, 03:06 PM | #32 |
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I feel a lot of you are correct. I fully understand that Canada does not and will never represent the entire global market but I do worry about the over supply of M2s in Canada as it always affects resale and desirability. Currently there are roughly 60+ listed on autotrader.ca which is alarming to me. Also note that employees seldom get these great lease deals on M cars. Another fun fact is that employees get to lease it for a year which leads to me believe that there will be a lot more used M2s from 16-18 on the market in 12-14 months.
Some of you have mentioned that cars aren't investments and you don't give a lick about how the car depreciates, that's great and more power to you. I have over 10 cars that I enjoy occasionally and I try my best to make the right decisions to have a bit of free fun. I buy/look for funs cars such as GT4s, 1M, ariel atoms, Z8, Viper ACR, Z3MCoupes, E39 M5s, Z4MCoupes, GT3, 458, 430scud, and new limited sports cars ie Camaro ZL1 1LE, ZR1, demon. In a way, I was honestly looking for the M2 to have some resale characteristics as the 1M but it seems to look a bit more like the M3/4s in terms of depreciation. I've had my "special" M2 deposit in since Sept 2016 and have been wanting a 6pd M2 for an occasional wife DD. Seeing the local market trends and strong opinion from high up not to get an M2 in the meantime, has made me question if this is trending across the border. I hope its not and I apologize if my topic has offended some M2 owners. If you all believe that this is BS then great. I'm perfectly fine for being wrong on this one. |
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01-31-2018, 03:16 PM | #34 |
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01-31-2018, 03:22 PM | #36 |
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The new prices are stabilizing mostly to MSRP, with fewer dealers adding outrageous markups.
It's in the used market that prices are falling. There are 2016 and 2017 M2s that have been sitting on Cars.Com and AutoTrader for more than 2 months, and many are now available for $51,000 or less. This is a natural correction as the initial demand from true enthusiasts begins to be satisfied, and probably as some potential buyers await the upcoming competition model that goes on sale this summer.
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01-31-2018, 03:36 PM | #37 |
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As I am not taking delivery of my car till the end of March my SA has promised me that I am down for any sales incentives that BMW have - so far it is just $1k because I presently own a BMW (In January they had a free track day if you bought in-stock). I think that they will be wary of cash incentives as that will drive down the prices but I bet they will add something....
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01-31-2018, 05:16 PM | #38 |
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Try to receive an allocation for a m2 as a company employee when demand remains high. You will not get priority. A consumers interest and loyalty will be the GM's main priority. Sorry, go stand back at the end of the line - always.
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01-31-2018, 05:42 PM | #39 |
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I have seen more than usual used M2's on lots in my city, mostly 2016 models. It just makes me wonder why those people did not keep them; especially when they most-likely were on wait list to get them.
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01-31-2018, 05:45 PM | #40 | |
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01-31-2018, 05:46 PM | #41 |
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Here in Austin they sell immediately. Plus I never see other m2s around so no worries on saturation
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01-31-2018, 05:53 PM | #42 |
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It's true there is stock in Canada here and there but I don't see any discounts offered yet aside from the usual 1000 CAD loyalty.
I personally don't expect much of a drop when the new models will be revealed as their supply will be constrained for a while. Would be nice though. Since I really want a manual rwd bimmer in my life again. |
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01-31-2018, 05:57 PM | #43 |
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Lol well not everyone is a BMW employee. Most dealers don't even honor employee leases on M's. At least it was that way when i used to work at a Bmw dealer last year.
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01-31-2018, 05:58 PM | #44 |
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Buying a new car with the assumption that it will always be the hot thing and demand MSRP or MSRP plus is a surefire way to be disappointed. Personally I could care less what happens to M2 values, I bought my car for the long term as I always do, I drive my cars, enjoy them and when they are worn out get another one or in the case of the M2 turn it into a track car. The guys who buy a car they perhaps cannot afford and trade in cars every couple of years are the only ones who lose. I am always amazed by the guys who buy a new car put a few thousand miles on it and then move on to the next hot car. Did that once when I was young and when I realized the thousands I flushed down the drain I changed my approach to buying cars with a focus on not buying anything I would not be willing to stick with for at least 4 years.
I wouldn't gauge the lease pricing as a indicator of loss of value though. When the M2 first came out there was no residual value history so BMW did what any smart company would do and declined to take residual value risk to move units, they were moving units just fine without having to take that risk. Now that there are established residuals (at least in the short term) it is not surprising that the numbers will change. |
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