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05-23-2017, 08:11 AM | #1 |
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BMWs top the list of cars dumped within a year
4 BMWs are among the top 10 new cars dump within a year of purchase. The 3 series is #1 with an 8% turnover and the 4 and 5 are in the top 10. MB C and E class are in the group too. Do you think it is 1 year leases? The Dodge Dart is in the list too but I think that is probably due to rental company sales. No Audis. http://www.msn.com/en-us/autos/resea...Cuj?ocid=ientp
Last edited by NVHoo; 05-23-2017 at 09:51 AM.. |
05-23-2017, 08:38 AM | #2 |
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Electric steering.
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05-23-2017, 11:40 AM | #3 |
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05-24-2017, 05:13 PM | #5 |
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Dealer loaner cars.
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05-29-2017, 11:56 AM | #6 |
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This and the cushy suspension, even on the M-Sport model - my previous car was an E90 335 and it just didn't compare. To someone coming off a Camry lease, it was probably fantastic.
My 2013 F30 335 M sport lasted 5 months before it went on swapalease almost exactly 4 years ago. it was replaced by the 135is, which still sits in the garage today. Still not sure why BMW struggles to get it right when Porsche and others have made EPS at least tolerable. My wife's GLC300 has better steering than the F30 and the Z4. When the Z4is lease is up next Feb, I will most likely go looking back in time for a 2011-2013 E88 or E93 |
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05-29-2017, 02:22 PM | #7 |
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I get to drive a lot of loaner cars from the BMW dealer, being as I have 4 BMWs that I take in for service, even if only routine maintenance for the most part. Obviously, they are not going to put real M cars into the loaner fleet, but the cars they do put in there are presumably representative of what the marque is now producing, and the intention is to familiarize customers with the line, so that when trade in time comes, they will perhaps be more inclined to buy a BMW than something else.
I usually end up getting a 3 or a 5 series car, or occasionally an X1 or an i3. All, of course, have electric power steering and automatic transmissions. Without exception, each and every car has been a huge disappointment, from the perspective of a long time BMW enthusiast, whose first car was a 1973 2002 bought new, for around $4000, with hand crank windows, no radio, and no A/C. If the current buyers are expecting an average type car with a few superficial luxury touches and very little driver-car feedback, they should not be disappointed. If they are expecting a sporty car that drives like a real BMW used to drive, then they would be disappointed and perhaps this is part of what is going on with the high dump rate of their new cars. |
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05-29-2017, 02:53 PM | #8 |
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After my recent trip to the dealer service department, it's pretty telling my SA said he is thinking about looking for a 135i.
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05-29-2017, 04:21 PM | #9 |
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So you don't think it has anything to do with financial decisions and depreciation picking up speed after a year? Trade it off while it still holds the most value?
Are new BMW sales falling faster than the trade in rates? Where are the cars being traded in? |
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05-29-2017, 08:25 PM | #10 |
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It's not the electric steering. The majority of BMW buyers don't even know what electric steering is. The people turning their cars in early are disappointed by the whole experience and were expecting something different (I think the article touches on that).
For me personally, as an enthusiast and having driven a couple of the latest loaners, I'm completely turned off by the brand. My 128i will be the newest BMW I ever buy. I'm not sure BMW really cares, they keep selling more cars every year. |
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05-30-2017, 04:13 AM | #11 |
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My niece worked as a finance manager at a luxury car dealership , Range Rover and Porsche. She said they had basically two types of buyers , one financially sound who in many cases bought the vehicles cash and the other financial disasters who would do anything to own the luxury/status car of their dreams. I believe this maybe the case with the Mercedes and BMW short term owners. People that over stretched their finances to drive the status symbol of their dreams.
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05-30-2017, 06:09 AM | #12 |
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I was thinking the same thing but with a twist. The well to do people just trade up every year and the not so well to do end up trading back in. I don't know how many used cars I saw owned for four to 12 months when I was looking for my next car. I typically got the " the former owner is one of our valued customers who trades their cars every year" or this person bought this car while they waited for x much more expensive car to arrive". Maybe that's BS, I don't know but two of the more common answers I got on really low mile and nearly new cars I saw while shopping.
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05-31-2017, 08:02 PM | #13 |
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Highly doubtful since most of these luxury cars are leases anyways.
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05-31-2017, 08:03 PM | #14 |
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So true and so sad, if I was to total my current 1er now I have no idea what to replace it with. Probably lease a GTI and call it a day.
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06-01-2017, 10:04 AM | #15 |
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it's all due to leasing... Anyone that outright buys or finances a new car purchase, only to get rid of the car a year later is an idiot that took a bath (with the very rare exception of "instant collectibles" such as the 1M).
This is an interesting article and strikes particularly close to BMW as a brand: https://www.edmunds.com/g00/about/pr....google.com%2F BTW, just bought the wife a 2014 Z428i with M-active suspension. It has only 6K miles and is flawless. It did 2K miles on an initial 1-year lease, 4K miles on a 2-year lease. One year left on free maintenance and bumper-to-bumper warranty and one year on CPO Elite (which is a scam... plain CPO a better deal) I paid a little more than half what the car sold for new. Don't like the sound of the N20 motor, but it pulls strong! more than quick enough... |
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06-02-2017, 11:32 AM | #16 | |
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06-03-2017, 05:46 PM | #17 |
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I think most of the manufacturers put all of the bells and whistles in their cars because they can and they feel they have to because: a) new car buyers do demand a lot of it (I don't) and b) all the other auto makers are doing it so the feel the have to as well to stay competitive.
Just because the technology is available doesn't mean I want my (formerly fun to drive) car overflowing with it. I wish BMW would make a car on par with a Lotus Exige. Fairly basic but fun to drive. Those days are gone. though. |
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06-04-2017, 05:33 PM | #18 |
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And just to put a point on the value of the "basic" car to BMW, the head of BMW is quoted in the most recent issue of Roundel that they need to focus on bigger cars and SUVs because they have higher profits.
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06-04-2017, 05:39 PM | #19 | |
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I guess numb, FWD 4cyl shitbox crossovers are what please the shareholders.
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06-05-2017, 09:22 AM | #20 | |
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