BMW's U.S. Certified Pre-Owned Car Sales up 24% in 2009

Mark · 03-10-2009, 07:33 PM

Quote:

In what appears to be more the result of the ongoing global economic and financial crisis than anything else, BMW reported that in the first two months of 2009, its Certified Pre-Owned (CPO) sales in the U.S. are up by a staggering 24 percent to 19,000 units and the company is on track to beat last year's record number of 104,000 units. That's compared to the firm's 34,9% plunge in U.S. new car sales in the first two months of the year (12,979 units in Jan/Feb 2009 vs. 20,775 units in Jan/Feb 2008).

BMW Certified Pre-Owned Sales Statistics from 2007-2009

Year---------------BMW CPO Sales Volume-----% Change

2007----------------------90,000-------------------12%

2008---------------------104,000-------------------16.5%

2009 (Jan. - Feb. '09)----19,000-------------------24%

Source: http://carscoop.blogspot.com/2009/03...-sales-up.html

lyndon_h · 03-11-2009, 07:25 AM

that makes sense. Its the same reason why Walmart is exceeding expectations. People are looking for deals.

smellthebeans · 03-11-2009, 07:27 AM

Drive with your heart, Buy with your head,

and good luck finding a manual with the options and mileage you want.

darkcloud · 03-11-2009, 08:41 AM

A lot of people are buying their leases as well, which they account into Pre-owned sales as well. With the deals their giving off the contract residule price who wouldn't? I'm 95% sure I am.

Dann902 · 03-11-2009, 10:25 AM

Quote:

Originally Posted by smellthebeans

Drive with your heart, Buy with your head,

and good luck finding a manual with the options and mileage you want.

I totally agree. A CPO 6MT is hard to find, so that's why I pulled the trigger on my 330 in '06 when I found it with 13,900 miles (1 year old 3/05 build).

F32Fleet · 03-11-2009, 03:33 PM

We of course don't hear anything about the prices.

lyndon_h · 03-11-2009, 06:03 PM

Im sure the fact that they are trying to trim back leases has a positive effect on the CPO numbers also.

togatown · 03-12-2009, 10:16 PM

Originally I wasn't even looking for a newer 3 series but ended up buying my 07 6MT coupe from a dealer late last month. They kept dropping the price until it was below NADA book, which totally shocked me since they never give anything away. It lacks the sport package and while I would have liked to have the sport seats, I can live without them since it only has 24k miles on it w/remainder of full maintenance and CPO for 100k. I bet I could have gotten it even cheaper if I waited another week or two.

d3l0n · 03-16-2009, 04:18 AM

temping

bmw69 · 03-17-2009, 07:22 AM

interesting.

06BMW330 · 03-19-2009, 07:35 PM

that is rather interesting, but I guess seems semi-logical if anything. I've been to a few of the bmw dealerships around here lately and they don't really seem as though they are hurting that badly...but maybe I'm wrong

03-11-2009, 07:25 AM	#2
lyndon_h Lieutenant Colonel 40 Rep 1,917 Posts Drives: e90 Join Date: Jan 2007 Location: Madagascar iTrader: (2)	that makes sense. Its the same reason why Walmart is exceeding expectations. People are looking for deals.
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03-11-2009, 07:27 AM	#3
smellthebeans Lieutenant Colonel 88 Rep 1,555 Posts Drives: LPCs Join Date: Dec 2006 Location: San Antonio iTrader: (2) Garage List 1990 325i [0.00]	Drive with your heart, Buy with your head, and good luck finding a manual with the options and mileage you want. __________________
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03-11-2009, 08:41 AM	#4
darkcloud Colonel 353 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	A lot of people are buying their leases as well, which they account into Pre-owned sales as well. With the deals their giving off the contract residule price who wouldn't? I'm 95% sure I am. __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
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03-11-2009, 03:33 PM	#6
F32Fleet Lieutenant General 3908 Rep 10,606 Posts Drives: 2015 435i Join Date: May 2005 Location: Southeastern US iTrader: (0)	We of course don't hear anything about the prices.
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03-11-2009, 06:03 PM	#7
lyndon_h Lieutenant Colonel 40 Rep 1,917 Posts Drives: e90 Join Date: Jan 2007 Location: Madagascar iTrader: (2)	Im sure the fact that they are trying to trim back leases has a positive effect on the CPO numbers also.
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03-12-2009, 10:16 PM	#8
togatown Private First Class 3 Rep 102 Posts Drives: 2011 Audi S4 Join Date: Feb 2009 Location: Torrington, CT/Saratoga, NY iTrader: (1)	CPO deals Originally I wasn't even looking for a newer 3 series but ended up buying my 07 6MT coupe from a dealer late last month. They kept dropping the price until it was below NADA book, which totally shocked me since they never give anything away. It lacks the sport package and while I would have liked to have the sport seats, I can live without them since it only has 24k miles on it w/remainder of full maintenance and CPO for 100k. I bet I could have gotten it even cheaper if I waited another week or two.
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03-16-2009, 04:18 AM	#9
d3l0n I love the ///M3, but I want 550hp ///M5 148 Rep 3,276 Posts Drives: BMW330iE90 Join Date: May 2006 Location: NYC iTrader: (1) Garage List 2006 BMW 330i (E90) [9.00]	temping __________________ .::d3l0n::. FS: OEM SG Side Skirts - Sparkling Graphite - PRE-LCI FS: OEM Carbon Fiber Rear Diffuser FS: (SG) E90 OEM Rear Bumper - Sparkling Graphite - Pre-LCI 328/330 i/xi
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03-17-2009, 07:22 AM	#10
bmw69 Private 11 Rep 56 Posts Drives: 105 gta Join Date: Mar 2009 Location: australia iTrader: (0)	interesting.
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03-19-2009, 07:35 PM	#11
06BMW330 Lieutenant 9 Rep 521 Posts Drives: 06 330xi Join Date: Nov 2008 Location: WESTCHESTER NY iTrader: (0)	that is rather interesting, but I guess seems semi-logical if anything. I've been to a few of the bmw dealerships around here lately and they don't really seem as though they are hurting that badly...but maybe I'm wrong __________________
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