1st June 2009, 22:00
M5 Expert (>4000)
Join Date: Aug 2002
Location: Raleigh, NC
2001 M5 LeMans Blue
Thanked 940 Times in 595 Posts
There is also a strong seasonal component to used car sales, and we're in the peak season now. Add to that the many forced liquidations of people buying/leasing cars way beyond their means, etc, that were forced onto the market earlier this year, and it's not surprising to see some stabilization. The same thing has happened with other cars I'm following (E46 M3, E39 M5, 996 GT3, etc) to some extent...especially the BMWs as it seems there were a lot of crazy sellers that wanted out at any value. The majority of those forced distressed sales have calmed down for the current time it seems. However, with oil up 70% since it's bottom this year, and wholesale unleaded up even a larger percentage coupled with long term interest rates simply soaring, we may yet see more forced sales in the later part of this year? Who knows, we'll see.
2001 M5 LeMans Blue/Silverstone
Dinan: springs, Konis, rear sway bar, monoball bushings, and exhaust;
Ground Control camber plates, Stoptech front BBK, Brake ducts opened,
Evolve AlphaN tune,
OE 9.5" rear wheels all around & 275/35-18 Pilot Super Sport
2011 M3 sedan 6MT Silverstone, no sunroof!
2006 330i sport 6MT Electric Red/Black
1996 Volvo 850R wagon
herd has been thinned, looking for some new acquisitions...non-sunroof E90 M3 = found