[dopper99]

I think these used car prices will have to max out soon. I should imagine quite a few people have done like we've done and sold early - to get a good price.

And because of that, soon the dealers will have an overload of stock and the prices will drop, surely.

[KRS_SN]

fewer new cars being made
new cars being made are expensive
options on new cars missing
more hybrid ev etc
So more demand for used cars...
Though I'm not in the market for a car I don't see used prices tanking.

[dopper99]

Will be VERY interesting in 2030 when the production of ICE cars stop. I predict the exact same thing will happen with used cars (ICE) going up as not everyone will be ready for the move to EV.

The shape of things to come...........

[DaveA]

Originally Posted by dopper99

I think these used car prices will have to max out soon. I should imagine quite a few people have done like we've done and sold early - to get a good price.

And because of that, soon the dealers will have an overload of stock and the prices will drop, surely.

Yes, I think you might very well be right there... As soon as they are stocked up, they will slow down on the buying and so prices will fall again... I think what we are seeing is the reaction to them being relatively low stocked and responding to a buying s/h market (for various reasons)...

Cars like mine are, although nothing super fancy or anything, still in the "emotive" bracket when it comes to buying a car and so they tend to have slightly higher price tags...

Mine sold on Wizzle in about 10 minutes...

[DaveA]

Originally Posted by KRS_SN

fewer new cars being made
new cars being made are expensive
options on new cars missing
more hybrid ev etc
So more demand for used cars...
Though I'm not in the market for a car I don't see used prices tanking.

There's almost like a perfect storm going on for people looking to sell on their cars... the demand has suddenly shot up at a time when the dealers are relatively under stocked... hence they are scrabbling about buying stock that they think they can move on quickly...

The reality of my car is it is 2 year old, very low mileage, no significant money to spend on it to turn around, still a year's manufacturer warranty on it... they can easily make a few thousand £ on it in a week or so... multiply that by a few thousand cars... But I wonder how much it might then depreciate...

What is likely to happen is that bids will start to weaken as the stock levels in the various dealerships rises... and so values will start to drop again...

Tricky time for new car sales, especially with the chip thing affecting the supply of new vehicles, so all of the dealers are looking to stock and pre-owned... but this is an opportunity... if you can get an order in, as those prices cannot go up but they will still deal to get the orders...

But I feel many people buying pre-owned vehicles may see levels of depreciation they were not really expecting...

[KRS_SN]

This is the worst time to buy a new car
This is the worst time to buy a used car
it seems like the best time to hold on to the car you have as that's the only thing that is appreciating in value over the past year or two.
weird but true?

[dopper99]

Explains why I got a stonking high price for my Golf R...........

[un1eash]

My motorway price has gone up another £500 and webuy £300 in the last week. 3 weeks till delivery of new order, hope the bubble doesn't burst. Can't survive with one car in the house till then.

[TouringPleb]

4 years in a car you have compromised in is a very long time time. It sounds like audio quality is important to you. I think it would start to grate every time you got in the car.

Is there any dealer stock or pre-regs which match your spec?

I'm certainly glad I changed when I did in March, I had another 9 months on the 440i and was um-Ing and ar-ing as whether to change.

Glad I did now. The lease deal on my Merc has since gone up £100 a month, and these delays would have impacted any replacement later in the year.

[isleaiw1]

Originally Posted by KRS_SN

This is the worst time to buy a new car
This is the worst time to buy a used car
it seems like the best time to hold on to the car you have as that's the only thing that is appreciating in value over the past year or two.
weird but true?

Or the one you have has been a really cheap buy which will enable you to get into a new car from a manufacturer that historically gives next to no discounts at a better price than will ever otherwise be the case....

Now which manufacturers don’t normally offer discount, form an orderly queue....

[DaveA]

Originally Posted by KRS_SN

This is the worst time to buy a new car
This is the worst time to buy a used car
it seems like the best time to hold on to the car you have as that's the only thing that is appreciating in value over the past year or two.
weird but true?

Not sure it is such a bad time to buy new as long as you can get the new car that you want at the price you want… brand new cars are still being discounted, I feel… Just whether you can get an order or if there is one in the spec you want… I feel the new car dealers are still looking for numbers…

Whilst we may not have the 20/25 percent discounts of the days gone by, I still think the sorts of discounts available on BMW’s are not too bad and there is always the 2.9% finance that is less of a hit than many other manufacturers are offering…

The key, now, seems to be that if you deal with selling your existing car separately to buying the new one, you can find opportunity may be there in both…

When I ordered the new car, 4/5 weeks ago, the best deal I was able to secure included rolling the -ve equity on my Golf into the deal… It was not too bad (about £1,100) and I was happy that I was treated well in the deal…

However, just in the weeks since, the value of my Golf went up sufficiently to mean that instead of my rolling £1,100 in negative equity into the deal we have done, I am able to take the Golf out of the new car deal/finance, sell it, rent a car in the interim, and still be something like £2,200 better off (car rental is covered for a couple of weeks just in saving on one finance payment)…

[DaveA]

Originally Posted by un1eash

My motorway price has gone up another £500 and webuy £300 in the last week. 3 weeks till delivery of new order, hope the bubble doesn't burst. Can't survive with one car in the house till then.

Fingers crossed... it's like stick or twist now, though, isn't it... hold on for a better price or take the one you have now in case they go down...

Personally, I did mine now as it will save a finance payment in two week's time, so I can add that into the equation...

[DaveA]

Originally Posted by TouringPleb

4 years in a car you have compromised in is a very long time time. It sounds like audio quality is important to you. I think it would start to grate every time you got in the car.

Is there any dealer stock or pre-regs which match your spec?

I'm certainly glad I changed when I did in March, I had another 9 months on the 440i and was um-Ing and ar-ing as whether to change.

Glad I did now. The lease deal on my Merc has since gone up £100 a month, and these delays would have impacted any replacement later in the year.

I have (in the last few days) been and tried one with the normal audio and have decided that it will be fine for me... Yes, I am an audiophile, but, to be honest, the HK option is not really super fine audio and, to be honest, I was happy enough with the standard setup...

What I have realised, as I am getting older, is that I listen less to specific music in the car and more just have the radio on as a bit of background (not even really listening, to be honest)... Yes, in the past, I was always ticking the boxes for the better audio, but I realised, listening to the standard one, that with my older ears and less of an ability to listen critically in a car anyway (I can do that in my house til the cows come home)... and that I do not really need the bells and whistles system...

Strangely, beyond my immediate reaction to the news, my whole outlook on the whole issue changed and I saw it as an opportunity to save money and do a better deal...

[un1eash]

Originally Posted by DaveA

Fingers crossed... it's like stick or twist now, though, isn't it... hold on for a better price or take the one you have now in case they go down...

Personally, I did mine now as it will save a finance payment in two week's time, so I can add that into the equation...

If I knew the new car was coming in the next 7-14 days id sell mine now and get by but I have no choice but to wait and what will be will be. I'm sure I'll still be in positive equity on mine which currently stands at an estimated £2700.

[225]

I am going to jump on the used prize bonanza I think and chop the wife's car in and then lease a new one. PCP rates are not amazing for the one she wants but there are some good lease deals.

Had no intention of doing so but if I can release 2.5k equity and then use 1.5k of that on a lease deposit with the monthlies about the same no brainer.
New car, new tyres etc, warranty and no road tax.
We got an amazing 0%pcp last time with good discount so being able to get alot of the deposit we put in 3 years ago is brilliant.

[DaveA]

Just a quick update on what is being affected.

It looks, from some information posted on BabyBMW, and if I understand it correctly, that, for F40/F44 builds:

a) Comfort access option will be amended by removal of the kick opening feature from PW21 and option price reduced accordingly.
b) Comfort access option will be further amended by removal of the digital key feature from PW27 and option price further reduced accordingly.
c) Enhanced Bluetooth option withdrawn completely from PW 27
d) Harman/Kardon option withdrawn for all except M Performance Automobiles (MPA) from PW21

All until further notice.

I believe the M135i is classed as an MPA...

I don't know if there is a difference between production week numbers and calendar week numbers, but it looks like it is not as simple as a wholesale deletion of the comfort access and the HK audio would still come through on MPA's...

I ran this by the BMW live chat people and they seemed to concur with this...

Think I need another chat with my dealer to resolve this fully as they were suggesting that whole options are being removed, and did not seem to differentiate the MPA for the HK audio...

All fun and games...

[DaveA]

Originally Posted by 225

I am going to jump on the used prize bonanza I think and chop the wife's car in and then lease a new one. PCP rates are not amazing for the one she wants but there are some good lease deals.

Had no intention of doing so but if I can release 2.5k equity and then use 1.5k of that on a lease deposit with the monthlies about the same no brainer.
New car, new tyres etc, warranty and no road tax.
We got an amazing 0%pcp last time with good discount so being able to get alot of the deposit we put in 3 years ago is brilliant.

Sounds like a pretty good plan and is pretty similar to what I am doing in changing the car for roughly the same monthly cost… in fact, now, it is less overall, but like I said before, there are opportunities…

[stefan4]

Damn it! the dealer has pulled the plug on the deal that was agreed before selling my car! I don't blame them but massively frustrated! There's a few cars around but finding one with the spec I want is difficult, they seem to have everything or nothing!

My just buy the exige 1st then !!!!!

[exE36M3]

Interesting. I'm here in the US and my wife and I have been shopping the last month for new cars. We've driven about a dozen cars at over a dozen dealership. Here's some observations:

1. All that's left for most dealerships are the VERY low-end models and the VERY high-end models. And we are taking a few car models versus dozens on a lot.

2. EVERY dealer is saying they are concerned. They are continually told inventory will be low.
My friend's mom/pop lot usually has about 50 used cars. He has 12.

3. 10% mark-ups are beginning to appear. The X3 we just bought today, I saw an "incoming model" like outs mark-ed up 10% over MSRP.

4. Our 2013 Mazda CX-9 was about $10k pre-pandemic and trending down (about $1k year, so I expected maybe $9k-ish on a trade-in). The estimated trade-in value AT BMW today... $12,800. Yes, we MADE MONEY on a used car. When does that EVER happen?

The good news, the wife get's a new X3 today.

[isleaiw1]

Originally Posted by stefan4

Damn it! the dealer has pulled the plug on the deal that was agreed before selling my car! I don't blame them but massively frustrated! There's a few cars around but finding one with the spec I want is difficult, they seem to have everything or nothing!

My just buy the exige 1st then !!!!!

That's a bit shit, when you say agreed I assume you mean agreed but no deposit paid?

[225]

It's pretty chaotic out there I have discovered. Hardly any lease cars in stock and most are sept delivery now. Its all well and good being able to get a good price for the wife's car but cannot then get a replacement for a decent price!

[stefan4]

Originally Posted by isleaiw1

That's a bit shit, when you say agreed I assume you mean agreed but no deposit paid?

Correct. It was at the stage of factory order vs stock car.