[Funboy78]

Just wondered what people’s thoughts are (or knowledge) for the remainder of this year and 2024 predictions?

I can’t personally see EV being as successful as they’d hope, then you have petrol heads wanting the growl of an engine that we all know and love, and then diesel will just be forced out of the market!

I’m one for change as I get bored easily. I go with performance then wallet says sensible, then I go inbetween, then in a big circle again.
I’ve gone from the RS5, Audi A3 TDI, RSQ3, RS5, BMW M340d now.
I now want another RSQ3! Probably the last time to get the 5 pot engine…..

I paid £58k for the M340d in Nov 2022. Tech Pack Plus, Comfort Plus, just covered 3,300 miles. Just had it valued at £42k!?
I know the market is a mess, but BMWs seem to depreciate MORE than most other vehicles!?

So the long winded question is ‘what will the market do?’

Before the comments; I love the BMW, it’s the perfect all rounder, top end kit etc etc, it’s just time for me to potentially change but finding the right spot (forget what car or manufacturer)

[paulockenden]

Round here EVs seem to be selling well. Seeing loads of new cars with the green stripe on the numberplate. Maybe not quite 50% of new plate cars, but close.

[Stooo]

Regardless of anyone’s feelings, diesel is the red heading stepchild of the day so I wouldn’t be too surprised at a lower than expected valuation. I think that’s your issue rather than the badge.

[Funboy78]

Originally Posted by Stooo

Regardless of anyone’s feelings, diesel is the red heading stepchild of the day so I wouldn’t be too surprised at a lower than expected valuation. I think that’s your issue rather than the badge.

No afraid not. Had this chat with the BMW dealer, M340i or M340d, made no difference in valuation. Webuyanycar the same, well actually they offer less for petrol when priced up through their website (same spec, mile, year etc). So not the fuel type effecting residual value.

[V330d]

Pity you didn't have the foresight to buy a fully speccced G21 with M seats, roof and towbar and I would've done you a favour and relieved you of that devil's fuelled vehicle.

[Funboy78]

Originally Posted by V330d

Pity you didn't have the foresight to buy a fully speccced G21 with M seats, roof and towbar and I would've done you a favour and relieved you of that devil's fuelled vehicle.

Yea sorry, my bad

As much as people don’t like diesel, I’ll be honest, I wouldn’t think twice about ordering another diesel in the future! Can’t knock the performance, that torque and awesome fuel economy. I did a 300 mile round trip the other weekend, 61mpg and let’s say it wasn’t sat at 65mph with cruise

[paulockenden]

I enjoyed owning and driving various diesels over the years, but I’m pretty sure my car before this one was the last. Can’t see me buying another.

And I certainly do t miss the stinky hand after refuelling!

[dhock_holiday]

We are returning to normal. Cars depreciate, especially German luxury vehicles.

[Seaford]

The used car area at my local bmw dealer is no more than a quarter full at the moment, they simply cannot get used bmw stock.

I also agree with the above comment regarding diesels..the world has finally woken up to the fact that they are the spawn of the devil and the market seems to be falling away. environmental impact has become a much bigger element in decision making and the impact of that will be magnified at the premium end of the market where MPG may not be as big a factor as in other parts of the market.

[B6WAF]

I just sold my M340i G20, with 18.5k miles on it, immaculate condition, to a dealer for exactly £6k less than I paid for it (new) 38 months ago. It's cost me £383 for servicing and MOT and nothing for tyres (although I do have a spare set for winter, which extends the life of the summer ones).

I'd call that remarkably cheap motoring in a brilliant car. The secret is buying cheap in the first place, from TRL ! Of course the second hand values have done well recently, but that's partly because new car prices have gone up so steeply (plus supply/demand issues).

Hopefully the next one (M340i G21 coming this week from TRL) will do as well as the last one.

PS I would not have an EV given ... unless there was absolutely no alternative.

[morellomax]

Originally Posted by B6WAF

I just sold my M340i G20, with 18.5k miles on it, immaculate condition, to a dealer for exactly £6k less than I paid for it (new) 38 months ago.

You've timed the boom in s/h values to perfection. The next 3 years will not look the same !

[golty]

Seems there's some kind of crash in value coming. Can already see it in some used values. Though I reckon that's mostly on EVs that crash.

BMW have mostly dropped there interest rates and increased sales offers in there last Q3 offers on most models. New sales can't be great if they are doing that

I'm still deciding whether to hold onto my 20 month old m340i or trade in and lease a new i4 via a salary sacrifice lease scheme.

Hard choice waiting to see if car prices come down reducing lease costs but that could also mean my m340i trade in reduces so tough one

[Herr Gross Byte]

Originally Posted by V330d

Pity you didn't have the foresight to buy a fully speccced G21 with M seats, roof and towbar and I would've done you a favour and relieved you of that devil's fuelled vehicle.

Damn, I knew I should have spec'd the towbar.

Enjoy your cars whilst they last. The next one won't feel the same. We've reached peak motor.

[Funboy78]

Originally Posted by dhock_holiday

We are returning to normal. Cars depreciate, especially German luxury vehicles.

I think you’re spot on! To a degree I think things are returning to normal, whilst some aspects are still uncertain.

I’ve held a few conversations since this post with various dealers. Comments of a 10-20% depreciation against what it once was, EV a big issue, and interestingly in some cases diesels have been very popular - so go figure!?
Interest rates also all over the place where 7.9% is considered very good (don’t think I’ve ever paid interest that high personally).

However, what is clear is the demand on petrol performance cars. Still plenty of orders, waiting lists, and a reseller for a dealer said he is constantly ordering more stock (build slots).

Audi had dropped Matrix headlights from many vehicles, even the RS models. Sunroofs were limited, wireless phone chargers were dropped. I’ve been told by 2 dealers today this is no longer the case. So it appears (as said above) things are returning to normal.

I’m not going to rush, not giving my car away when it’s actually a great machine! Just want to time the pricing as best I can hence the original posted question.

[HighlandPete]

Originally Posted by Funboy78

I’m not going to rush, not giving my car away when it’s actually a great machine! Just want to time the pricing as best I can hence the original posted question.

I sense if things are starting to get back to a 'normal', you are too close to new, to get value out of your motor, if you trade now.

Remember before Covid, the first year would write off a big chunk of value, allowing guys like me to get, very low mileage, for up to 40% off list, on AUC cars about a year old.

[Funboy78]

Originally Posted by HighlandPete

I sense if things are starting to get back to a 'normal', you are too close to new, to get value out of your motor, if you trade now.

Remember before Covid, the first year would write off a big chunk of value, allowing guys like me to get, very low mileage, for up to 40% off list, on AUC cars about a year old.

Very true. That’s generally how I bought mine before! The only reason for new this time was I couldn’t spec it on BMW so had to get what I wanted/could at the time.

Today yielded a slightly better start of £46,400. Taking into consideration 20% VAT of £58k which is usually an instant loss. Not saying I’m happy but going in the right direction

[paulockenden]

There's so many options on my car that I love and which I wouldn't be able to get now (Merino leather, Laser lights, etc.) that I just can't see me upgrading any time soon. I'm just going to run this car 'til it gets old and cranky.

[dhock_holiday]

Originally Posted by paulockenden

There's so many options on my car that I love and which I wouldn't be able to get now (Merino leather, Laser lights, etc.) that I just can't see me upgrading any time soon. I'm just going to run this car 'til it gets old and cranky.

Agree, too much cost cutting is being done by BMW. I think my M340i will be the last car I get from this brand. Nickel and diming on features that are now included on basic cars like adaptive cruise and lane keeping assist.

I built out the new 5 series and its $72K + for a 530i. Crazy