Market forces?

[Baurice 0]

Hi All

What's happening to the M3 market? We have three or four great looking cars that have been for sale for a while now - rather than being snapped up as I expected? Is this normal or just a reflection of the overall economic climate?

CFN

Andrew

[CamB 48]

I'd say "which one" but I already know from keeping an eye on it you could mean any of E30, E36 or E46.

[Baurice 0]

Oops - only an E30 M3 for me! Although now you mention it, the E36 and E46 are flat too!!!

[maxlev 0]

Potential buyers might be like me, waiting for something else to sell to fund the toy.

Vicious cycle.

[39KiwiTouring 2]

People are sitting on their hands when it comes to resonable size dollar purchasers. Although the worm might be turning people have been waiting - for what - they don't seem to know either as the only thing that has happened over the past 8 months is prices for everything have risen, so renewed enquiry is happeining as we speak.

Talking about vehicle retailing.

[E30 325i Rag-Top 2956]

What's happening to the M3 market? We have three or four great looking cars that have been for sale for a while now - rather than being snapped up as I expected? Is this normal or just a reflection of the overall economic climate?

From my personal viewpoint the strength of the dollar has a lot to do with it, cars from the UK or US are a lot cheaper than the $35k+ that people are asking for the NZ cars. Plus there is a lot more to choose from, and are original LHD not converted to RHD.

Plus the fact that times are still pretty hard at the moment for most people with a lot of uncertainty, not many people with that kind of money lying around to spend on what would most likely be a second or third car.