Is 1M price holding or even going up after the release of M2?

[Luca335]

People were telling me to sell my 1M before the M2 was released. Now the M2 is here, what do you think? Are 1M owners flooding or dumping their 1Ms to the market? Searching Autotrader in Canada, there is only one for sale in the whole country. I know several have been transported to US by American friends (220 was originally allocated to Canada). What about the rest of the world?

Here is an interesting read:

http://www.bmwblog.com/2016/02/25/bm...from-its-time/

I am not selling mine!

[Nick65]

FWIW, i don't think it's made any difference in the UK, although possibly helped prices at the margin. I think it's raised the profile of the 1M. Also the (short term) lack of supply, means that M2's are not available anyway. There's been a lot of chat about restricted supply of M2's, but it seems clear to me that BMW are targeting a younger demographic, and are in the business of making cars/money, so being a little cynical i suspect they are restricting supply for now, but will knock out as many as they can over time.

It will be interesting when the 1M and M2 are tested together. Who knows,, but my guess is they'll say the M2 is a "better" car, faster , more comfortable etc, but it lacks the character, fun and uniqueness of the 1M. I also think it's too generic (baby M4) as well to impact the 1M.

As it happens, i bought mine recently from a guy who had it from new and did just 7,000 miles. A dealer had pestered him for months to sell it and eventually caught him on a bad day and got it off him. He is now expecting delivery of his M2 in April and intends to sell it straight away, hopefully at large premium. He's then going to buy a 1M because he feels he made a big mistake...

Nick

[kikcaffine]

As cool as the m2 probably will be, it will never be an extremely limited production run car. Go to cars and coffee 1 month after they are released, I bet there will be 10 of em there, and maybe 1 1M.

[nachob]

I think you will see a drop in values especially for high mileage not well cared for units but cream puffs with low miles will hold well. The rarity makes them interesting but M2 is an impressive machine and while the 1M turns me on more, the masses prefer the newer shinier Techy stuff. So that's my take.

I'm on my second 1M and passed on m2 but those of you that know me online know I'm not the bellwether for popular opinion. : )

[Luca335]

I am sure the M2 is a nice car, faster and more refined but it just does not excite me as the 1M did.

[1mm2]

In 30yrs the 1M will be highly sought after.

The M2 will be on it's 6th or 7th iteration.

[Analog Imports]

Yes prices will drop dramatically. Better sell yours before it's too late. I'll buy your car for 10 money

[arvinz]

I couldn't tell you for sure if the prices will hold, but if the Z8, E30 M3, E46 M3 CSL, E92 M3 GTS and other classic models/limited models are any indication, it will keep it's value or go higher.

For me, I'm the original owner of my 1M and to be quite honest, I never bought the car thinking it would be a good investment—I didn't even know it was going to be limited. I bought it because I had gone to a BMW Event back in 2008 and test drove the 128i and 135i and loved those cars, but at the time I couldn't afford it.

Fast forward to 2011 when I did have the money and I looked into BMW again and saw that an M version was coming out and it got me intrigued.

The dealer I got my car at (Budd's BMW in Hamilton) had a white 1M that the dealers owner was driving and I got a chance to test drive it and right then I decided this was it.

I got the 1M not because it was exclusive or limited—I got the car because it fit my personality, I loved the look, the bulldog/cartoonish stance, and overall small size. I watched every review possible and that solidified my choice.

I could've spent my money on a much faster car—could've gotten a base corvette or something similar, but nothing else fit my style.

Now, it definitely didn't hurt that it turned out to be this limited car where the value held or went up. And it's true, you're going to see a lot of M2's popping up on the road and over the next few years, they'll be everywhere. The 1M, however, will still turn heads.

I think everyone needs to remember something: your 1M doesn't get worse because its successor came out, it's still a fantastic car. E30 M3 owners weren't disappointed when the E46 M3 came out, they just loved their cars even more.

There's also something to be said about the 1M really paving the way for the next gen turbo M cars as well. It's also probably the last mostly analog M car that's going to come out. Who knows, maybe BMW will surprise us again, but even then, I will continue to love my car.

[rob24ert]

Think about it. $50K used 1M with no warranty, or $50k brand new M2 from BMW, full warranty, wayyyy better interior and upgraded everything.

1M HAVE to drop in price

[1mm2]

Originally Posted by rob24ert

Think about it. $50K used 1M with no warranty, or $50k brand new M2 from BMW, full warranty, wayyyy better interior and upgraded everything.

1M HAVE to drop in price

[craina]

Originally Posted by rob24ert

Think about it. $50K used 1M with no warranty, or $50k brand new M2 from BMW, full warranty, wayyyy better interior and upgraded everything.

1M HAVE to drop in price

Wow, never thought about it like that. Forget basic supply/demand, this guy is onto something....

[nachob]

Originally Posted by rob24ert

Think about it. $50K used 1M with no warranty, or $50k brand new M2 from BMW, full warranty, wayyyy better interior and upgraded everything.

1M HAVE to drop in price

Your point is strong and I agree that it will most likely drop but what you fail to understand is that to some of us the 1M interior is way better than the M2. There is nothing special about the M2 interior in today's market. Idrive, power seats, iPad display and bright lights. It is cluttered and tacky looking for some of us. On the other hand the cockpit in my 1M doesn't have all that stuff and it is beautiful and in stark contrast to every single BMW today. There is no flashing neon 1M or M2 logo or a fuel consumption gauge. There is an oil temp gauge right where the petrol gods deemed an oil temp should go. The no nav cockpit is very pure and lacks distraction that the M2 cannot do.

So as I said you are right in the objective part but I strongly disagree that the interior is better. As a matter of fact the lack of idrive delete and mandatory iPad and power seats was one of the reasons I ditched the m2 for another 1M.

[Yeineken]

Doubtful. History will probably repeat itself here just like the E30(1M) and E36(M2).

[kikcaffine]

Have you seen a manual 235i interior? It looks awful. It all looks so out of place, it reminds me very much of a fwd car layout.

[kikcaffine]

Originally Posted by craina

Wow, never thought about it like that. Forget basic supply/demand, this guy is onto something....

Hahahahaha, thats hilarious.

[ilikebmxbikes]

I think the 1m will continue to hold. Its just too limited and desirable of a car. Everyone said the m2 would drop when the f8x came out... I didnt see it drop. The m2 will be fantastic car but the 1m has already established itself as a collector car.

[champignon]

I've never laid eyes on an in-the-flesh M2, but I've now driven about 6 different modern BMW loaners (none were Ms) in the last year, and to me they all SUCK. As the driver I feel like I am imprisoned in a video game or pinball machine and can't escape :-) These were various examples of the current 3 and 5 series, plus one electric vehicle. Given a choice on any of them, I'd have bought a similarly boring to drive Japanese car, which at the least would probably be cheap to own.

BMWs used to be all about the driving, and "luxury" was a secondary consideration, even though they were considered luxury or near-luxury vehicles going back at least 10 or 15 years. Current versions are not driver's cars, they are soulless and uninspiring vehicles to get behind the steering wheel of.

Last week I was at the dealer, having dropped off my 2000 Z3M Coupe for service, and was walking through the used cars on the lot, thinking maybe I'd find something interesting ("interesting" these days, on a dealer's lot, is not a high bar to meet). A salesman came out of the showroom and accosted me. I asked him if they had any used vehicles with a manual transmission for sale; he told me, "no, those are really rare now." Then he went on to give me his prepared speech about how BMW had retained their spirit of producing "drivers' cars." I laughed at him, and congratulated him on his sales pitch, then told him I thought the modern BMWs drove like video games and had suspensions like my living room sofa. He didn't know how to respond, and I left.

[Nick65]

Originally Posted by rob24ert

Think about it. $50K used 1M with no warranty, or $50k brand new M2 from BMW, full warranty, wayyyy better interior and upgraded everything.

1M HAVE to drop in price

An imperfect analogy but that's a little bit like saying why would anyone want to buy an old painting by Picasso when they can buy a new photograph by Annie Leibovitz...

[Dee Pee]

I'm just gonna focus on being one of the lucky few that has a 1M. The car is paid off and worth more than what I put in. Plus my tax attorney gets me a depreciation write-off on it every year which I find hilarious.

Price. Shmice. These things will see a steady increase in value and always be respected like the E30 M3.

And hell, for the price of the M2, you can almost buy two E9x M3's which I find a lot more interesting than the M2.

[GimmeanM]

We have one at our store right now. It's a corporate NA owned car, so it can't be driven....but I saw it. Looked at it. Walked around it. Sat in it. Walked away not feeling the least bit jealous. Still want to drive one to see how it FEELS however. ...the lease residuals that just came out are painful if that gives you any indication of an expected future value. If it's even a consideration, wait a year or two and buy a used one for 35k.

[cc3]

Originally Posted by craina

Wow, never thought about it like that. Forget basic supply/demand, this guy is onto something....

Yes I guess that's why all those old Ferrari's and Porsche are worth hundreds of thousands of pounds. Guess the owners have never thought of trading them for a new one with a warranty!!

By the way prices of 1M are on a steady increase in UK. Over original list now for a low mile car. No sign M2 will dent values either

[nachob]

Originally Posted by cc3

Yes I guess that's why all those old Ferrari's and Porsche are worth hundreds of thousands of pounds. Guess the owners have never thought of trading them for a new one with a warranty!!

By the way prices of 1M are on a steady increase in UK. Over original list now for a low mile car. No sign M2 will dent values either

lol. Yes all those "dated" interiors going for
Millions!