BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > General BMW News and Cars Discussion
 
E92-lighting
Post Reply
 
Thread Tools Search this Thread
      11-17-2010, 01:43 AM   #1
Jason
Administrator
 
Jason's Avatar
 
Drives: E90 M3
Join Date: Mar 2005
Location: USA

Posts: 16,556
iTrader: (0)

Thumbs up BMW Dominates 2011 Kelley Blue Book's Best Resale Value Awards

Press Release

BMW Dominates 2011 Kelley Blue Book's kbb.com Best Resale Value Awards

* 17.11.2010
* Press Release

Woodcliff Lake, NJ – November 17, 2010, 12:00am EDT… The BMW brand has won Best Resale Value Luxury Brand for the 2011 model year by Kelley Blue Book’s KBB.com. In addition, the BMW X5 and BMW X6 Sports Activity Vehicles each won places on the KBB.com 2011 model year list of Top 10 Models for Best Resale Value, and the X5 xDrive35d Advanced Diesel was chosen as Best Resale Value for Hybrid / Alternative Energy Utility Vehicle. Not stopping there, the BMW X5 also won the 2011 Best Resale Value award in the Luxury Utility Vehicle category.

“At BMW, we believe our vehicles’ strong resale value is a result not only of the innovation, engineering and design aesthetics built into each one of our cars, but also the quality of the BMW ownership experience in total,” said Peter Miles, BMW of North America’s Executive Vice President of Operations. Miles accepted the awards for BMW on the eve of the 2010 Los Angeles International Auto Show, saying, “BMW vehicles serve as industry benchmarks when new then strongly influence the used-car market as they go on to satisfy additional owners. BMW resale value proves that.”

“Consumers should take a good look at the projected resale value of a car when choosing their next new-vehicle purchase, and they would be wise to carefully consider the 2011 Best Resale Value Award winning vehicles and brands on this year’s list,” said James Bell, executive market analyst for Kelley Blue Book’s kbb.com “Taking the time to research and choose vehicle makes, models and options wisely now can help new-car shoppers hold value down the road when they go to sell or trade-in the vehicle.”

Kelley Blue Book’s Best Resale Value Awards are based on projections from the Kelley Blue BookŪ Official Residual Value Guide, determined by an expert staff of automotive analysts. These prestigious awards honor vehicles expected to maintain the greatest proportion of their original list price after five years of ownership. Low-volume vehicles and vehicles with a Manufacturer’s Suggested Retail Price of more than $60,000 are excluded from award consideration, except in the luxury and high-performance categories.
__________________
Check on the Latest BMW News
Become a fan of Bimmerpost Facebook
Follow us on Bimmerpost Twitter
Subscribe to Bimmerpost Youtube Channel

Jason is offline   United_States
0
Reply With Quote
      11-17-2010, 02:50 AM   #2
Artmasterx
Captain
 
Artmasterx's Avatar
 
Drives: 2007 BMW 335i
Join Date: Jun 2008
Location: MA

Posts: 859
iTrader: (0)

Garage List
2006 Volvo V70R  [5.00]
2007 BMW 335i  [5.00]
"X5 xDrive35d Advanced Diesel was chosen as Best Resale Value for Hybrid / Alternative Energy Utility Vehicle"

Nothing says that the KBB people are "experts" like putting a diesel vehicle in a "Hybrid / Alternative Energy Utility Vehicle" category...

That's just silly.
__________________
Current: 2007 335i sedan
Alpine White | Sports | Premium | Cold | Comfort Access

FORMERLY: 128i coupe
Alpine White | Sports Package | Black Leather
Artmasterx is offline  
0
Reply With Quote
      11-17-2010, 08:36 AM   #3
and 1
winter mode
 
and 1's Avatar
 
Drives: 08 135i, 88 M3
Join Date: Aug 2008
Location: Somerville, MA

Posts: 2,058
iTrader: (0)

Garage List
1988 BMW M3  [0.00]
2008 135i  [3.75]
Quote:
Originally Posted by Artmasterx View Post
"X5 xDrive35d Advanced Diesel was chosen as Best Resale Value for Hybrid / Alternative Energy Utility Vehicle"

Nothing says that the KBB people are "experts" like putting a diesel vehicle in a "Hybrid / Alternative Energy Utility Vehicle" category...

That's just silly.
+1
__________________
88 M3: BMWCCA J Sport
08 135: because streetcar

and 1 is offline   Italy
0
Reply With Quote
      11-17-2010, 10:04 AM   #4
bryce
Banned
 
Drives: zhp 3-pedal
Join Date: May 2010
Location: texas

Posts: 3,177
iTrader: (22)

Garage List
not sure if serious.

335i and 135i resale values are pretty low IMHO. i bought my car for $17k off the sticker price (that was still in the glove box), and it was around 2 years old.
bryce is offline  
0
Reply With Quote
      11-17-2010, 10:15 AM   #5
LaLakers91tc
Lieutenant Colonel
 
LaLakers91tc's Avatar
 
Drives: BSM E92 335i 6MT
Join Date: Feb 2008
Location: Lawrenceville NJ

Posts: 1,860
iTrader: (5)

Quote:
Originally Posted by bryce View Post
not sure if serious.

335i and 135i resale values are pretty low IMHO. i bought my car for $17k off the sticker price (that was still in the glove box), and it was around 2 years old.
+1
even with y 330i,
I picked it up for $16k off of sticker price and it was around 2 years old
__________________
Current 07 BSM E92 335i

Previous SGM E90 330i (R.I.P.)
LaLakers91tc is offline   United_States
0
Reply With Quote
      11-17-2010, 10:38 AM   #6
Feyd
Major
 
Feyd's Avatar
 
Drives: a DEEZZULL
Join Date: Aug 2007
Location: Chicago, IL

Posts: 1,241
iTrader: (2)

You don't buy new cars as an investment... at least not in th 30-50k range so depreciation is the name of the game.

My 2008 135 has depreciated at a friggin' alarming rate. It's pathetic honestly... trying to sell it now and it's just terrible.
Feyd is offline  
0
Reply With Quote
      11-17-2010, 10:48 AM   #7
bryce
Banned
 
Drives: zhp 3-pedal
Join Date: May 2010
Location: texas

Posts: 3,177
iTrader: (22)

Garage List
i never said you buy a car as an investment. i'm just puzzled how bmw claims top honors for resale value. % wise, honda and toyota probably mop the floor with bmw's resale values.
bryce is offline  
0
Reply With Quote
      11-17-2010, 11:06 AM   #8
ptack
Brigadier General
 
ptack's Avatar
 
Drives: 135i
Join Date: May 2008
Location: NJ

Posts: 4,243
iTrader: (0)

Garage List
2008 135i  [3.00]
Perhaps BMW would also be so good as to enligten us with how many X5 35Ds have been sold? Is this based on the resale of 50 cars?
__________________
135i, SGM, Coral, Sport Package, Auto, Premium Hifi, USB/ipod, Apex EC-7s, PPK Stage II
ptack is offline   United_States
0
Reply With Quote
      11-17-2010, 11:31 AM   #9
PaulTheHero
Driving a bmw makes you smile everyday.
 
PaulTheHero's Avatar
 
Drives: BMW 545i E60
Join Date: Jul 2007
Location: The Netherlands

Posts: 411
iTrader: (0)

Send a message via MSN to PaulTheHero
Here in the netherlands BMW's have an awesome resale value. Especially the fully optioned ones. But i found the article weird. Especially that 35d.
__________________
Drives: 04 545i e60 dtc,nappa leather,comfort seats,20"m5,etc.
PaulTheHero is offline   Netherlands
0
Reply With Quote
      11-17-2010, 11:32 AM   #10
FadyDizzle
Private
 
Drives: -
Join Date: Sep 2010
Location: NJ

Posts: 92
iTrader: (0)

Quote:
Originally Posted by Feyd View Post
You don't buy new cars as an investment... at least not in th 30-50k range so depreciation is the name of the game.

My 2008 135 has depreciated at a friggin' alarming rate. It's pathetic honestly... trying to sell it now and it's just terrible.
I'm kind of confused, when people buy a car 2-3 years old (or sell it in this case), what are you expecting the drop in resale value to be? A car loses its biggest chunk of resale value in the first few years (or seconds for that matter when leaving a dealer lots). I was recently shopping (and got a BMW 335xi) and after comparing literally 16 different cars in the same range/category/class, the BMW had by far the best residual (based on resale value for the most part). So yes, KBB is absolutely right. However, don't mention your experience of buying or selling a 2-3 yr old car without comparable figures for the competition, doesn't really make too much sense since you have a sample size of 1...you.
FadyDizzle is offline  
0
Reply With Quote
      11-17-2010, 12:01 PM   #11
Agent11br
Captain
 
Agent11br's Avatar
 
Drives: E90 335i
Join Date: Oct 2008
Location: Birmingham, MI

Posts: 903
iTrader: (22)

Garage List
Quote:
Originally Posted by ptack View Post
Perhaps BMW would also be so good as to enligten us with how many X5 35Ds have been sold? Is this based on the resale of 50 cars?
Actually I believe it to be a high amount. My parents just picked up theirs that they ordered 4 weeks ago new. There weren't any available locally at the time. BMW ran a $4k rebate on the 35Ds as well as you get a kickback from Uncle Sam.

Quote:
Originally Posted by FadyDizzle
I'm kind of confused, when people buy a car 2-3 years old (or sell it in this case), what are you expecting the drop in resale value to be? A car loses its biggest chunk of resale value in the first few years (or seconds for that matter when leaving a dealer lots). I was recently shopping (and got a BMW 335xi) and after comparing literally 16 different cars in the same range/category/class, the BMW had by far the best residual (based on resale value for the most part). So yes, KBB is absolutely right. However, don't mention your experience of buying or selling a 2-3 yr old car without comparable figures for the competition, doesn't really make too much sense since you have a sample size of 1...you.
+1000. BMW & Mini have rated in the top 5 for residual value for the past decade and beyond. I bought my CPO '07 e92 for $28k ($48k sticker) this past May. So three years and $20k depreciation. That's a .583 or 58.3% residual. Crazy good! 41.7% depreciation over three years is not bad at all. Go research most GM/Ford/Chrysler products...you'll see these rates at 50-60%+ depreciation.

Anyone that is going to complain about your current vehicle's manufacturer winning an award from a company/group as prestigious and well known as KBB is simply ignorant. You honestly believe that with the amount of historical and real-time data they have that they would just give out such a defining honor? This only benefits everyone on this board.
__________________
07 E90 335i TiAg/Black 6MT
Agent11br is offline   United_States
0
Reply With Quote
      11-17-2010, 06:05 PM   #12
hpowders
911/328i Fanatic
 
hpowders's Avatar
 
Drives: BMW 328i
Join Date: Nov 2009
Location: USA

Posts: 965
iTrader: (0)

Gee, I wonder why the 135i and 335i resale values are low?
hpowders is offline  
0
Reply With Quote
      11-17-2010, 06:21 PM   #13
blueeyeddevil559
New Member
 
Drives: 335i
Join Date: Nov 2010
Location: Hanford Ca

Posts: 8
iTrader: (0)

Ya, no kidding.
blueeyeddevil559 is offline   United_States
0
Reply With Quote
      11-17-2010, 11:20 PM   #14
npd2983
Private
 
Drives: '10 128i MT; '09 335d
Join Date: Aug 2007
Location: Birmingham, Ala.

Posts: 98
iTrader: (0)

BMW has sold 749 X5 diesels in the US in October. For Year-to-date (January through October), they had sold 6,353 of them.

Cheers!
npd2983 is offline   United_States
0
Reply With Quote
      11-18-2010, 04:32 AM   #15
Artmasterx
Captain
 
Artmasterx's Avatar
 
Drives: 2007 BMW 335i
Join Date: Jun 2008
Location: MA

Posts: 859
iTrader: (0)

Garage List
2006 Volvo V70R  [5.00]
2007 BMW 335i  [5.00]
Quote:
Originally Posted by bryce View Post
i never said you buy a car as an investment. i'm just puzzled how bmw claims top honors for resale value. % wise, honda and toyota probably mop the floor with bmw's resale values.
It is sort of subtle in the long name of the award, but BMW won for a "Luxury" brand. It's certainly possible that Honda and Toyota would beat them out in an overall comparison, but I don't really know.
__________________
Current: 2007 335i sedan
Alpine White | Sports | Premium | Cold | Comfort Access

FORMERLY: 128i coupe
Alpine White | Sports Package | Black Leather
Artmasterx is offline  
0
Reply With Quote
      11-18-2010, 08:49 AM   #16
ptack
Brigadier General
 
ptack's Avatar
 
Drives: 135i
Join Date: May 2008
Location: NJ

Posts: 4,243
iTrader: (0)

Garage List
2008 135i  [3.00]
Quote:
Originally Posted by npd2983 View Post
BMW has sold 749 X5 diesels in the US in October. For Year-to-date (January through October), they had sold 6,353 of them.

Cheers!

So the resale of them is probably 500 or less, probably close to the minimal number required to qualify (assuming Kelley has criteria).
The point is that BMS is crowing over a not much of an accomplishment. Now if the car in question was one of their major sellers like a 328i they'd have good reason to celebrate. This is just typical marketing BS.
__________________
135i, SGM, Coral, Sport Package, Auto, Premium Hifi, USB/ipod, Apex EC-7s, PPK Stage II
ptack is offline   United_States
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 01:33 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST