Due to a global semiconductor shortage causing, amongst many other things, a shortage of new cars, the used car market is absolutely on fire. A twitter friend recently got offered more than what he paid on his Jeep Wrangler. Granted, he didn’t pay MSRP, but still: to have essentially driven the Jeep for only the cost of gas and insurance is pretty nice. It goes to show how desperate dealers and wholesalers are for vehicles.
The return of tourism and the demand for rental cars are also a contributing factor.
I’m massively tempted to check the value of my own BMW M2 Competition. I wonder how much I can get for a six-month old car, especially when German luxury brands like BMW are notorious for rapid deprecation. If it’s only a few thousand dollars (I paid about $63,XXX), that would be amazing. Amazing enough to make me think hard about actually selling it. If I do, it would be the shortest amount of time I have ever owned a car.
Truth is, I just don’t put that many miles on the M2. Being that I walk to work, and there’s a mall with a Target and Trader Joes three blocks away from home, I hardly ever need to drive. That’s by choice, of course, but nonetheless that means the M2 is parked on the street for about 90% of the week. I am paying way too much in insurance to have the car sit for so long. But then, what am I to do? Drive around in a loop for the heck of it? The recent high gas prices aren’t conducive to that, either.
I’ve gone without a car before, but that was in the process of saving up for a Porsche 911. The M2 is likely the endgame of internal-combustion cars for me. My next car - if I ever do purchase another - will be fully electric for sure. As a car enthusiast, I don’t think I can go car-less on sheer principle.
Good thing then that whenever I do drive the M2 Competition, I am reminded how much of a riot it is. It truly is the best modern M-car this side of a BMW 1M. I simply can’t sell it, even if its actual utility factor is very little these days.
Now that is a good custom plate.