[Jjjg20]

Used car prices have dropped rapidly over the last ~2months. Supply chains on new vehicles are (slowly) catching up. "Royalty fees" (ie the extra $7-30k dealers have been charging over MSRP - yes, I'm talking about you Audi, Mercedes, Volvo, Kia, etc) are becoming negotiable.

Is this the beginning of a more normal car market?
Albeit High interest rates, inflation and economic precarity are still on the table… I can foresee a 2023 world where we customers can - once again - negotiate 7-12% off of MSRP and get cars in a reasonable timeframe.

I just negotiated 7% off my 330e (minor miracle, I'm told). Please work hard to normalize lower our the door costs folx play hardball, have a backup plan and feel free to walk away…

[Sandpiper]

Yeah, auto brokers are able to go up to 10% off on some models starting this month. So, the market maybe able to go to normal levels in a few months. Also with the interest rates going up it will bring it down faster. My credit union is at 5.99%, which is crazy. It was that high back in 2008 right before the Great Recession.

[tgrundke]

I've been tracking wholesale values on used 2020-2021 M340s for the past year. In the last 45 days the wholesale has dropped $5-$7k.

Retail has yet to catch up with the same drop, but the prices are moving south fairly quickly.

[driftingwood]

I was planning on picking up a 2020 m340 next week. Just came in a few weeks ago from a lease and they are in the process of CPO’ing it. 26k miles. $49k. Something tells me that’s way too much given the softening in this market and I should just wait it out a bit

[tgrundke]

Originally Posted by driftingwood

I was planning on picking up a 2020 m340 next week. Just came in a few weeks ago from a lease and they are in the process of CPO’ing it. 26k miles. $49k. Something tells me that’s way too much given the softening in this market and I should just wait it out a bit

Depending on features, anywhere between $45-$51 is reasonable at the moment. If you are able to hold out another 3 months or so and trends hold, you'll probably be closer to $45. If the delta isn't worth it to you and the car is spec'd as you want, see if there's wiggle room and be happy with it.

*EDIT* Just noticed you mentioned that this is a CPO, which tacks on a few bucks. That said: if it has the feature you want, $49 is good right now.

[Panscan340]

Originally Posted by driftingwood

I was planning on picking up a 2020 m340 next week. Just came in a few weeks ago from a lease and they are in the process of CPO’ing it. 26k miles. $49k. Something tells me that’s way too much given the softening in this market and I should just wait it out a bit

Would way rather buy a new one for 4-6 % off, with your build than pay 50k for one with 25k miles and 3 years old

[tgrundke]

Originally Posted by tgrundke

Depending on features, anywhere between $45-$51 is reasonable at the moment. If you are able to hold out another 3 months or so and trends hold, you'll probably be closer to $45. If the delta isn't worth it to you and the car is spec'd as you want, see if there's wiggle room and be happy with it.

*EDIT* Just noticed you mentioned that this is a CPO, which tacks on a few bucks. That said: if it has the feature you want, $49 is good right now.

As a follow-up, I checked on most recent used retail values: For a 2021 M340 the value range has dropped to $45-$52, depending on features, and 2020s are $41-$47.

That's roughly 10% in one month.

[Th3xf4ctor]

Originally Posted by tgrundke

As a follow-up, I checked on most recent used retail values: For a 2021 M340 the value range has dropped to $45-$52, depending on features, and 2020s are $41-$47.

That's roughly 10% in one month.

I just went through a broker and got 10% off not including a rebate on a m340i build. I also bought an X3 in transit and got almost the exact discount.

[Jeff22]

10% off MSRP seems incredible! Four BMW dealers in my state and currently one total M340 on the lot. Even with an order, I am doubtful of getting anything off sticker price at this point.

[///Medge]

Discounts will possibly go up. But prices will too.

And interest rates / money factor.

[Auditobimmer42]

Yeah things are definitely shifting a bit. Nothing like pre -2022 of course. But i've noticed more discounts and more cars on the lot lately.

[mlurker]

Originally Posted by tgrundke

I've been tracking wholesale values on used 2020-2021 M340s for the past year. In the last 45 days the wholesale has dropped $5-$7k.

Retail has yet to catch up with the same drop, but the prices are moving south fairly quickly.

Where do you get wholesale values of the cars?

[GA/\/\/\/\A_CT]

I have seen m340xi come in cheaper in the past 2 weeks. Saw my first one with a 39k handle. Less than 45k miles.

[tgrundke]

Originally Posted by GA/\/\/\/\A_CT

I have seen m340xi come in cheaper in the past 2 weeks. Saw my first one with a 39k handle. Less than 45k miles.

Mileage is a bit high, but that number tracks. I'm now seeing CPO'd M340s trending into the $45 range. Still elevated, but becoming more reasonable.

[Ratledge]

I paid MSRP less $1100 for my 430iX GC today. Could be worse!

On a $60k vehicle, that's pitiful. Last purchase I got 22% off and I know that's not happening these days.