BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW M2 Forum > BMW M2 Discussions > Used M2 Values

Post Reply
 
Thread Tools Search this Thread
      02-12-2020, 01:04 PM   #1
cactusjack
Private
70
Rep
91
Posts

Drives: F82
Join Date: Oct 2018
Location: Jersey

iTrader: (0)

Used M2 Values

Looking for an N55 6 Speed M2. Values dont seem to be dropping below 40k- which is weird because I see some 2018s for low 40s and 2016s for 40 with similar miles and options. Whats going on here? Why isnt the M2 dropping below 35k even after 4 years of production? When do you guys think they will be going for low 30s?
Appreciate 0
      02-12-2020, 03:53 PM   #2
BigKutta
Major
BigKutta's Avatar
United_States
554
Rep
1,468
Posts

Drives: 2020 M2C, 2012 528i, 2017 Q7
Join Date: Jan 2012
Location: Washington DC Burbs

iTrader: (0)

Garage List
2012 528i  [0.00]
2012 BMW 528i  [0.00]
Just because something is listed for $X, doesn't mean its worth that. Have you tried making reasonable offers for these? What does KBB say about the values?
Appreciate 1
Dav3613.50

      02-12-2020, 05:54 PM   #3
jkoral
Major
United_States
313
Rep
1,314
Posts

Drives: 2017 M2 LBB 6MT
Join Date: Oct 2007
Location: MA

iTrader: (5)

The only ones I see below $35K are high mileage examples (55K and 65K miles). I shopped last summer for a 2017 or 2018 6-speed M2 with under 10K miles, and prices have definitely softened. Quick nationwide search shows asking prices still hovering around 45K, whereas last summer asking prices were closer to 47-48K (on average).
Appreciate 0
      02-12-2020, 06:10 PM   #4
Al Bundy's Dodge
Second Lieutenant
151
Rep
213
Posts

Drives: 2015 335i xDrive
Join Date: Jan 2018
Location: Denver

iTrader: (0)

6MTs holding value much better than DCTs from what I've seen...much less supply at the moment. DCTs seem to outnumber 6MTs like 5 to 1 on the used market.

FWIW I just posted in another thread that there is a 2017 DTC w/only 9k miles at Carmax listed for $42K. If I didnt want a manual, Id be all over that.

That said I'll likely be closing a deal on a 2018 6MT with 8k miles for $47K shortly. Willing to pay for the stick
__________________
2015 335i xDrive 6MT - Melbourne Red - M Sport - DHP - Cold Weather Pkg - Light Package - and a buncha other stuff I dont use
2018 M2 6MT - Black Sapphire Metallic - Executive Pkg
Appreciate 0
      02-12-2020, 06:25 PM   #5
cactusjack
Private
70
Rep
91
Posts

Drives: F82
Join Date: Oct 2018
Location: Jersey

iTrader: (0)

Im hoping to pick up a 6mt 2016 m2 for under 35k by next year. I dont care about mileage
Appreciate 1
Dabozo560.50

      02-12-2020, 06:40 PM   #6
jkoral
Major
United_States
313
Rep
1,314
Posts

Drives: 2017 M2 LBB 6MT
Join Date: Oct 2007
Location: MA

iTrader: (5)

Quote:
Originally Posted by Al Bundy's Dodge View Post
DCTs seem to outnumber 6MTs like 5 to 1 on the used market.

Definitely. And made worse by the pre-owned search on bmwusa.com (https://cpo.bmwusa.com/certified-used-inventory) listing all M2s as "manual".
Appreciate 0
      02-12-2020, 08:27 PM   #7
TemjinX2
Major
483
Rep
1,400
Posts

Drives: 2017 BMW M2
Join Date: Dec 2009
Location: Las Vegas,NV

iTrader: (0)

just low supply of m2s produced is keeping m2 values up...so its not following the normal bmw depreciation curve.

also not many small luxury sports cars in manual with m2 utility out there at around 40k except the m4 and no mustangs and corvettes dont count.
Appreciate 0
      02-12-2020, 09:10 PM   #8
jkoral
Major
United_States
313
Rep
1,314
Posts

Drives: 2017 M2 LBB 6MT
Join Date: Oct 2007
Location: MA

iTrader: (5)

I was curious, so looking at US M2 production counts: https://f87.bimmerpost.com/forums/sh....php?t=1404565

2016: 267
2017: 1294
2018: 1360
Total: 2921 N55 6MTs produced for US
Appreciate 2
MR_M2423.00
VaderM228.50

      02-12-2020, 11:16 PM   #9
10"
Major
10"'s Avatar
2290
Rep
1,447
Posts

Drives: orange BMW 1M.
Join Date: Jun 2018
Location: Brooklyn

iTrader: (0)

i see plenty of them under $40k some with manuals and plenty with lower miles (20-30k miles).

i will buy one as a rough use, street parked beater under $30k. Hopefully won't take too much longer!

the biggest reasson why M2 prices are dropping so fast is because they just made SO many of them. cool cars though!
__________________
don't read this. too late...
Appreciate 0
      02-13-2020, 01:53 PM   #10
RAM_F30_F87
First Lieutenant
RAM_F30_F87's Avatar
United_States
175
Rep
392
Posts

Drives: 2017 M2 LBB 6MT; 2012 328i 6MT
Join Date: Dec 2015
Location: Central PA

iTrader: (0)

Garage List
I have no intention of trading my M2 in, but I've been receiving the following email from my dealer.

"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Appreciate 0
      02-13-2020, 03:07 PM   #11
philinit
Blackcoat
philinit's Avatar
United_States
20
Rep
47
Posts

Drives: 2017 M2
Join Date: Jan 2016
Location: Long Island, NY

iTrader: (0)

Garage List
2017 M2  [0.00]
Quote:
Originally Posted by RAM_F30_F87 View Post
I have no intention of trading my M2 in, but I've been receiving the following email from my dealer.

"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Haha yeah me too, gonna take hard pass on that one. Love my M2 way too much and its definitley not worth getting rid of just to "trade up"
Appreciate 0
      02-13-2020, 03:20 PM   #12
jhall1957
Lieutenant
300
Rep
418
Posts

Drives: SE 46
Join Date: Feb 2009
Location: WS,NC

iTrader: (2)

I have a 2017 Perf Ed 6 speed listed here with 5,200 miles and I am asking $45k and zero interest.

Like the first guy said, make a few offers, you never know...

But not to me. I'll trade mine if I need to when M2CS gets here.
__________________
Garage; 2012 F350, 2011 1M, 2017 M2 PE, 2003 M3, 2017 M4, 2007 M5(manual), 2001 Spec E46, 2015 328 Touring
Appreciate 0
      02-13-2020, 03:27 PM   #13
cactusjack
Private
70
Rep
91
Posts

Drives: F82
Join Date: Oct 2018
Location: Jersey

iTrader: (0)

Ummm the m2 values ARENT dropping fast bro- thats what im saying. Its been almost 5 years since the first m2 was released and a mid mileage one is still only around 10k off which is frustrating
Appreciate 0
      02-13-2020, 03:32 PM   #14
cactusjack
Private
70
Rep
91
Posts

Drives: F82
Join Date: Oct 2018
Location: Jersey

iTrader: (0)

Quote:
Originally Posted by RAM_F30_F87 View Post
I have no intention of trading my M2 in, but I've been receiving the following email from my dealer.

"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Then that dealer will go on and put your m2 for sale for 45k. smh what a bunch of low lifes
Appreciate 1
      02-13-2020, 03:59 PM   #15
detroitm2
Major
detroitm2's Avatar
United_States
1384
Rep
1,476
Posts

Drives: 2018 M2
Join Date: Aug 2018
Location: Michigan

iTrader: (1)

Garage List
2018 BMW M2  [0.00]
Quote:
Originally Posted by cactusjack View Post
Then that dealer will go on and put your m2 for sale for 45k. smh what a bunch of low lifes
Dealerships are not a charity, they're a business trying to make money. Its not unreasonable to expect them to offer you $X for your car and sell it for $X+Y.
Appreciate 3
      02-13-2020, 04:17 PM   #16
Hankdoll
First Lieutenant
Hankdoll's Avatar
United_States
87
Rep
388
Posts

Drives: M2/M3/4/5
Join Date: Jul 2005
Location: O.C., CA

iTrader: (0)

Quote:
Originally Posted by cactusjack View Post
Ummm the m2 values ARENT dropping fast bro- thats what im saying. Its been almost 5 years since the first m2 was released and a mid mileage one is still only around 10k off which is frustrating
The only $10k off is a bit misleading. Prices are dropping, but many 16 & 17 owners paid over MSRP to get their hands on one. So the depreciation to what people actually paid for the early ones is more like $15k or $20k.
__________________
Appreciate 0
      02-13-2020, 05:21 PM   #17
pruettfan
Brigadier General
1537
Rep
3,416
Posts

Drives: 2017 M2, LBB, DCT, Exec
Join Date: Jul 2009
Location: Oro Valley, AZ

iTrader: (0)

Shop for a higher mileage car in good shape. Miles don't hurt these cars at all. Its all about condition. I am at 42,000 miles and 27 track days without a hitch.

If you are waiting for a 30k M2 you probably have a bit of a wait.
Appreciate 0
      02-13-2020, 05:24 PM   #18
akkando
Brigadier General
3220
Rep
4,274
Posts

Drives: 17 M2 DCT LBB,11 e90 M3 ZCP IB
Join Date: Jan 2017
Location: Bay Area

iTrader: (1)

Quote:
Originally Posted by BigKutta View Post
Just because something is listed for $X, doesn't mean its worth that. Have you tried making reasonable offers for these? What does KBB say about the values?
Well if sellers won't sell for less but the buyers won't buy then I'm not sure what it's worth.
Appreciate 0
      02-13-2020, 05:29 PM   #19
akkando
Brigadier General
3220
Rep
4,274
Posts

Drives: 17 M2 DCT LBB,11 e90 M3 ZCP IB
Join Date: Jan 2017
Location: Bay Area

iTrader: (1)

Quote:
Originally Posted by TemjinX2 View Post
just low supply of m2s produced is keeping m2 values up...so its not following the normal bmw depreciation curve.

also not many small luxury sports cars in manual with m2 utility out there at around 40k except the m4 and no mustangs and corvettes dont count.
Also the lease deals were terrible so the lease bros didn't lease the car and then all returning them at the same time. Instead the m2 had buyers who actually wanted the car and supply was somewhat limited so if you bought one, you actually really wanted it.
Appreciate 2
      02-13-2020, 05:32 PM   #20
akkando
Brigadier General
3220
Rep
4,274
Posts

Drives: 17 M2 DCT LBB,11 e90 M3 ZCP IB
Join Date: Jan 2017
Location: Bay Area

iTrader: (1)

Quote:
Originally Posted by cactusjack View Post
Quote:
Originally Posted by RAM_F30_F87 View Post
I have no intention of trading my M2 in, but I've been receiving the following email from my dealer.

"You have a special opportunity to upgrade to a new 2020 M2 Competition Coupe. We estimate you have $34,675 in trade equity toward your new BMW—simply by trading in your current 2017 BMW M2 Coupe."
Then that dealer will go on and put your m2 for sale for 45k. smh what a bunch of low lifes
It wouldn't make sense for them to offer what the car is worth because the business needs to make a profit.
Appreciate 0
      02-13-2020, 07:26 PM   #21
nelsdvn
Gangnam Member
nelsdvn's Avatar
United_States
92
Rep
99
Posts

Drives: '17 M2, '15 X5d
Join Date: Dec 2010
Location: Wisconsin

iTrader: (1)

I just bought a mint 2017 6MT w/exec, with 22k miles for 41. Seemed like a fair price to me. Bought at a BMW dealer, not CPO. It was an M2C trade-in.
__________________
Current: 2015 BMW X5d | 2017 BMW M2 |
Gone but not forgotten: 2016 BMW 228i, 2014 BMW 228i, 2008 BMW 535xiT, 1998 BMW 328iC, 1991 BMW 325iC
Appreciate 0
      02-13-2020, 08:34 PM   #22
TemjinX2
Major
483
Rep
1,400
Posts

Drives: 2017 BMW M2
Join Date: Dec 2009
Location: Las Vegas,NV

iTrader: (0)

yeah the m2 depreciation has been relatively flat compared to other bmws. I bought my 2017 m2 6spd exe pck with 3500miles for 43k last yr and i see m2s with higher mileage selling for more then 43k now.

i think the m2c is depreciating at a much faster rate then the 0g m2s.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 04:09 AM.




m2
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST