Used og m2 prices going up?

F22leo · 04-12-2021, 09:11 PM

I've been monitoring the m2 market for the last 6 months and now that I am in a legitimate position to buy one it seems the prices have gone up. Is due to low supply? (Only 170 on auto trader)/ high demand. Or the time of year? Is this a bad time to buy one?

XutvJet · 04-12-2021, 09:18 PM

Used car prices are at an all time high. Most are 15-20% higher than they were 6 months ago.

I too have been looking at OG M2s for over a year.

Dj_Quik · 04-12-2021, 09:53 PM

They selling one here in my area. 2017 with 26000 kms /16000 miles for 52000 canadian 😂😂😂. Bought mine for low 40 2 years ago. Used car prices are ridiculous rn

///M TOWN · 04-12-2021, 09:54 PM

As long as they keep crashing them

Nettles · 04-12-2021, 11:19 PM

M2c for sure

lalaland7894 · 04-13-2021, 11:23 AM

Do you guys think this means it’s just not a good time to buy? Crazy how much price has gone up

stulio2181 · 04-13-2021, 11:44 AM

I haven't checked used prices in a while, and you're correct from my casual search. Saw an '18 MG DCT with 48k mi listed at $43,900 USD. Wow. Curious what's driving these prices.

GoneIn4Secs · 04-13-2021, 12:01 PM

If you think about it , the f87 cars are one of the last to have DCTs, with the sport chassis these type cars are rarer now, in that they give you a taste of what motorsports used to be like

Rough, rugged and raw ;-D

F22leo · 04-13-2021, 12:54 PM

Quote:

Originally Posted by GoneIn4Secs

If you think about it , the f87 cars are one of the last to have DCTs, with the sport chassis these type cars are rarer now, in that they give you a taste of what motorsports used to be like

Rough, rugged and raw ;-D

Funny you say that, because manual transmission cars far outnumber dcts in my search. Maybe the secondhand market prefers the dct? Would've thought for sure it would be the opposite

stulio2181 · 04-13-2021, 01:01 PM

Quote:

Originally Posted by e92leo

Quote:

Originally Posted by GoneIn4Secs

If you think about it , the f87 cars are one of the last to have DCTs, with the sport chassis these type cars are rarer now, in that they give you a taste of what motorsports used to be like

Rough, rugged and raw ;-D

Funny you say that, because manual transmission cars far outnumber dcts in my search. Maybe the secondhand market prefers the dct? Would've thought for sure it would be the opposite

Perhaps. Coming from a long history of manuals, I absolutely love the 3rd pedal. Manual on my M235 was great. Opted for the DCT this round with my M2 due to daily driver and commuting demands. Best of both worlds, 2nd only to a PDK on a p car. So probably grabs a larger audience in the marketplace.

popcornten · 04-13-2021, 01:07 PM

This is why I ended up ordering a new one, PO market is on fire with no sign of slowing down with new car shortages getting worse as plants close due to lack of parts and computer chips.

///M TOWN · 04-13-2021, 01:20 PM

Quote:

Originally Posted by stulio2181

I haven't checked used prices in a while, and you're correct from my casual search. Saw an '18 MG DCT with 48k mi listed at $43,900 USD. Wow. Curious what's driving these prices.

Supply and demand

///MPhatic · 04-13-2021, 01:25 PM

Used car sales/prices of all kinds are just through the roof. A good friend of mine owns a small car lot. They have about 100 cars on hand at any given time, and sell about 35 to 50 a month. Last month they sold 128, and the month before that 120.

I bought my '18 with 9400 miles on it in August of 2019 for $48K. The car now has 17K on the clock and he said he could give me $50K for it and easily turn a good profit. Just weird.

stulio2181 · 04-13-2021, 01:26 PM

Quote:

Originally Posted by ///M TOWN

Quote:

Originally Posted by stulio2181

I haven't checked used prices in a while, and you're correct from my casual search. Saw an '18 MG DCT with 48k mi listed at $43,900 USD. Wow. Curious what's driving these prices.

Supply and demand

Ha! I backed off on posting a Micro Econ S&D graph.

F22leo · 04-13-2021, 01:46 PM

Quote:

Originally Posted by ///MPhatic

Used car sales/prices of all kinds are just through the roof. A good friend of mine owns a small car lot. They have about 100 cars on hand at any given time, and sell about 35 to 50 a month. Last month they sold 128, and the month before that 120.

I bought my '18 with 9400 miles on it in August of 2019 for $48K. The car now has 17K on the clock and he said he could give me $50K for it and easily turn a good profit. Just weird.

Seems like the perfect time for og owners who are looking to upgrade to offload their cars. But they're are still only like 10 cars that match the spec I'm looking for on auto trader. Like you said the whole market is weird.

KevinC · 04-13-2021, 01:49 PM

Everything is going up. Hopefully this isn't the beginning of hyper-inflation.

stulio2181 · 04-13-2021, 02:10 PM

Quote:

Originally Posted by KevinC

Everything is going up. Hopefully this isn't the beginning of hyper-inflation.

You are correct, sir. Hopefully a blip and just exuberance from post Covid, of course not CA and NY who are still oppressed.

https://www.bls.gov/news.release/pdf/cpi.pdf

Dj_Quik · 04-13-2021, 03:23 PM

Quote:

Originally Posted by e92leo

Seems like the perfect time for og owners who are looking to upgrade to offload their cars. But they're are still only like 10 cars that match the spec I'm looking for on auto trader. Like you said the whole market is weird.

Lol not really. Dealerships here are slime balls. Friend of mine tried to trade in a 2016 and they offered 24000 canadian. Another buddy got a quote for his 2017 for 30000. Then they turn around and sell em for 45000 to 50000. Not a good time to trade in at all!!! Then again, knowing this, you could probably try and negotitate a helluva deal if you want an OG.

voyagergab · 04-13-2021, 04:14 PM

Quote:

Originally Posted by Dj_Quik

Lol not really. Dealerships here are slime balls. Friend of mine tried to trade in a 2016 and they offered 24000 canadian. Another buddy got a quote for his 2017 for 30000. Then they turn around and sell em for 45000 to 50000. Not a good time to trade in at all!!! Then again, knowing this, you could probably try and negotitate a helluva deal if you want an OG.

Where in Canada are you? Just curious.
I’m in Calgary.

Dj_Quik · 04-13-2021, 07:31 PM

Quote:

Originally Posted by voyagergab

Where in Canada are you? Just curious.
I’m in Calgary.

Vancouver bro

Dasnub · 04-13-2021, 08:32 PM

Bought my 2017 6MT in June ‘19 with 10k miles on it for $43,500. At 32k miles it’s now worth $42k- a good 3 grand more than it was at a similar mileage last fall.

///M TOWN · 04-13-2021, 08:33 PM

Quote:

Originally Posted by Dj_Quik

Quote:

Originally Posted by voyagergab

Where in Canada are you? Just curious.
I'm in Calgary.

Vancouver bro

AKA Hongcouver

04-12-2021, 09:11 PM	#1
F22leo First Lieutenant 244 Rep 344 Posts Drives: 2015 M235i Join Date: Sep 2019 Location: Ny iTrader: (0)	Used og m2 prices going up? I've been monitoring the m2 market for the last 6 months and now that I am in a legitimate position to buy one it seems the prices have gone up. Is due to low supply? (Only 170 on auto trader)/ high demand. Or the time of year? Is this a bad time to buy one?
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04-12-2021, 09:18 PM	#2
XutvJet Major General 5538 Rep 5,364 Posts Drives: 2011 Cayman Base, 2016 M235 Join Date: Mar 2016 Location: Kansas City iTrader: (-1)	Used car prices are at an all time high. Most are 15-20% higher than they were 6 months ago. I too have been looking at OG M2s for over a year.
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04-12-2021, 09:53 PM	#3
Dj_Quik Second Lieutenant 120 Rep 259 Posts Drives: 2018 F80 Join Date: Aug 2016 Location: Delta, BC iTrader: (1)	They selling one here in my area. 2017 with 26000 kms /16000 miles for 52000 canadian 😂😂😂. Bought mine for low 40 2 years ago. Used car prices are ridiculous rn
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04-12-2021, 09:54 PM	#4
///M TOWN . 16074 Rep 8,371 Posts Drives: M GmbH Join Date: Aug 2018 Location: North America iTrader: (0) Garage List 2018 M2 [8.78]	As long as they keep crashing them __________________ ///
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04-12-2021, 11:19 PM	#5
Nettles Lieutenant 760 Rep 443 Posts Drives: M340i Join Date: Dec 2020 Location: San Diego, CA iTrader: (1)	M2c for sure
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04-13-2021, 11:23 AM	#6
lalaland7894 New Member 5 Rep 14 Posts Drives: 17 M2 DCT \| 16 Lexus IS300 Join Date: Mar 2021 Location: San Francisco, CA \| Central NJ iTrader: (0)	Do you guys think this means it’s just not a good time to buy? Crazy how much price has gone up
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04-13-2021, 11:44 AM	#7
stulio2181 Second Lieutenant 376 Rep 236 Posts Drives: 2018 LBB M2 Join Date: Dec 2014 Location: Austin,TX iTrader: (0)	I haven't checked used prices in a while, and you're correct from my casual search. Saw an '18 MG DCT with 48k mi listed at $43,900 USD. Wow. Curious what's driving these prices.
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04-13-2021, 12:01 PM	#8
GoneIn4Secs Banned 1287 Rep 1,675 Posts Drives: BSM F87 LCI (DCT) Join Date: Jun 2018 Location: GTA iTrader: (0)	If you think about it , the f87 cars are one of the last to have DCTs, with the sport chassis these type cars are rarer now, in that they give you a taste of what motorsports used to be like Rough, rugged and raw ;-D Last edited by GoneIn4Secs; 04-13-2021 at 12:31 PM..
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04-13-2021, 01:07 PM	#11
popcornten Private 108 Rep 91 Posts Drives: Porsche 981.1 Boxster S Join Date: Apr 2021 Location: Texas iTrader: (0)	This is why I ended up ordering a new one, PO market is on fire with no sign of slowing down with new car shortages getting worse as plants close due to lack of parts and computer chips.
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04-13-2021, 01:25 PM	#13
///MPhatic The Seeker 13808 Rep 3,299 Posts Drives: OG M2 • Exige Join Date: Aug 2008 Location: USA iTrader: (2)	Used car sales/prices of all kinds are just through the roof. A good friend of mine owns a small car lot. They have about 100 cars on hand at any given time, and sell about 35 to 50 a month. Last month they sold 128, and the month before that 120. I bought my '18 with 9400 miles on it in August of 2019 for $48K. The car now has 17K on the clock and he said he could give me $50K for it and easily turn a good profit. Just weird.
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04-13-2021, 01:49 PM	#16
KevinC your average JAMF 3088 Rep 4,090 Posts Drives: '21 M2 Comp, '19 Golf R Join Date: Oct 2005 Location: Cochise County, AZ iTrader: (0) Garage List 2019 VW Golf R [0.00] 2021 BMW M2 Competi ... [0.00]	Everything is going up. Hopefully this isn't the beginning of hyper-inflation. __________________ '21 M2 Comp '19 Golf R
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04-13-2021, 08:32 PM	#21
Dasnub Second Lieutenant 292 Rep 289 Posts Drives: M2 Join Date: Apr 2020 Location: Detroit iTrader: (0)	Bought my 2017 6MT in June ‘19 with 10k miles on it for $43,500. At 32k miles it’s now worth $42k- a good 3 grand more than it was at a similar mileage last fall.
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