-
Read the WELCOME ALL BMWFANATICS post.
Used Car prices
- Thread starter Cooper
- Start date
VinceM
Well-known member
New car prices have gone up way too much, stimulating used car market prices. Was shocked at new car prices…a mere 2.0d over R1.2m
….a few years back, a million rand car was formidable. This change in prices spilled over to used cars.
Example:
A new X5 was R1.2m
Now it’s R2m like for like
A used 10 years old X5 used to be R300k
Now at R500k
Ratio wise still the same, it’s 25% of new car price.
The used car price has gone up 66%.
Obviously each car is priced differently in used market (depending on vehicle condition, urgency of sale, specifications, demand for that vehicle, etc.). above example used to demonstrate a point.
Sabretooth tiger
///Member
Right let me settle my poor @ss down and make sure I maintain my paid-off car.
TurboLlew
Honorary ///Member
Vince and Benji have about covered it. I will also add the inflation side to this
Don't forget that all this talk about a disappearing middle class also applies. This is not some abstract concept you read about. The middle class is probably the vast majority of us on here. Numbers we have run numerous times in numerous places over the years but quickly looking at them: In 2012 an F10 M5 was 1.1M. In 2018 and F90 M5 was R1.85M in 2025 a G90 is R2,7M
In today's money adjusted for inflation, the F10 would be around R2,0M, F90 R2.5M (the end of production cars were a bit over this) and G90 is obviously 2.7M (but because of less tax due to being hybrid).
In terms of generational jumps, the F90 could 'justify' that 25% jump in return for the gigantic improvement in performance, reduction in weight etc. The G90 is not far off considering hybrid tech etc.
So in terms of actual inflation it is NOT all that bad. Just that your salary has not kept up and hence you are materially poorer. I would guess 99% of the forum is materially poorer than the past if not dropped at least half a socio-economic level.
Harsh reality. If your companies were really paying you bonuses and giving increases in line with inflation, if you could afford a 1M car in 2012 you would be able to afford at least a 2M car now just as easily (and probably justified extra features for the delta of the manufacturer's gouging). Alas, the reality is that this applies to basically nobody unless you've been working for yourself or you are a DINK household. It is just as hard to make R1M in 2025 as it was in 2012 (if not more so) and the number of jobs able to support this kind of spending is disappearing rapidly. You can rinse and repeat with any kind of luxury goods, food etc over the same time period.
As I have mentioned before this is my beef with the way numbers and statistics are reported in the media, how market shifts are explained (eg Chinese shift) and every other person would rather parrot the talking points which 'support' the decisions forced upon them rather than highlighting that everyone is getting poorer. Even now the average person reading this is probably trying to think of some laymans reason to tell me I am wrong even writing the above because ego/psychological self preservation will not allow this to dawn on them. Yes cars are definitely more expensive... and have definitely increased in price ahead of inflation BUT simultaneously if everyone was doing as well as they think they are they would still be able to at least afford 'close' to the same amount as they did in the past.
Also we are complaining about BMWs but the reason BMW has not been impacted as badly on the luxury side is that they have not suffered nearly as badly in quality reduction as Audi has and neither did they have as huge of a price and quality double whammy impact as Mercedes has.
Don't forget that all this talk about a disappearing middle class also applies. This is not some abstract concept you read about. The middle class is probably the vast majority of us on here. Numbers we have run numerous times in numerous places over the years but quickly looking at them: In 2012 an F10 M5 was 1.1M. In 2018 and F90 M5 was R1.85M in 2025 a G90 is R2,7M
In today's money adjusted for inflation, the F10 would be around R2,0M, F90 R2.5M (the end of production cars were a bit over this) and G90 is obviously 2.7M (but because of less tax due to being hybrid).
In terms of generational jumps, the F90 could 'justify' that 25% jump in return for the gigantic improvement in performance, reduction in weight etc. The G90 is not far off considering hybrid tech etc.
So in terms of actual inflation it is NOT all that bad. Just that your salary has not kept up and hence you are materially poorer. I would guess 99% of the forum is materially poorer than the past if not dropped at least half a socio-economic level.
Harsh reality. If your companies were really paying you bonuses and giving increases in line with inflation, if you could afford a 1M car in 2012 you would be able to afford at least a 2M car now just as easily (and probably justified extra features for the delta of the manufacturer's gouging). Alas, the reality is that this applies to basically nobody unless you've been working for yourself or you are a DINK household. It is just as hard to make R1M in 2025 as it was in 2012 (if not more so) and the number of jobs able to support this kind of spending is disappearing rapidly. You can rinse and repeat with any kind of luxury goods, food etc over the same time period.
As I have mentioned before this is my beef with the way numbers and statistics are reported in the media, how market shifts are explained (eg Chinese shift) and every other person would rather parrot the talking points which 'support' the decisions forced upon them rather than highlighting that everyone is getting poorer. Even now the average person reading this is probably trying to think of some laymans reason to tell me I am wrong even writing the above because ego/psychological self preservation will not allow this to dawn on them. Yes cars are definitely more expensive... and have definitely increased in price ahead of inflation BUT simultaneously if everyone was doing as well as they think they are they would still be able to at least afford 'close' to the same amount as they did in the past.
Also we are complaining about BMWs but the reason BMW has not been impacted as badly on the luxury side is that they have not suffered nearly as badly in quality reduction as Audi has and neither did they have as huge of a price and quality double whammy impact as Mercedes has.
Cooper
Member
Thanks fot your response. So basically used cars is more in demand than new cars, with supply being limited, prices goes up.
Very strange times. A secondhand M2/3/4 will cost around R100k-R200+ more than what it did a few years ago, with much higher mileage than they had then, plus being an older car.
Very strange times. A secondhand M2/3/4 will cost around R100k-R200+ more than what it did a few years ago, with much higher mileage than they had then, plus being an older car.
AshG108
///Member
@TBP88 @M3boi @Sabretooth tiger @momo1 - Find the "special" word ...New car prices have gone up way too much, stimulating used car market prices. Was shocked at new car prices…a mere 2.0d over R1.2m….a few years back, a million rand car was formidable.
This change in prices spilled over to used cars.
Example:
A new X5 was R1.2m
Now it’s R2m like for like
A used 10 years old X5 used to be R300k
Now at R500k
Ratio wise still the same, it’s 25% of new car price.
The used car price has gone up 66%.
Obviously each car is priced differently in used market (depending on vehicle condition, urgency of sale, specifications, demand for that vehicle, etc.). above example used to demonstrate a point.
VinceM
Well-known member
Benji
Well-known member
I am so fully experiencing this. I work in corporate where my increases for the last 4 years have pretty much been in line with inflation. My car hobby in the meanwhile has gotten a bit more out of control, but other than that, my day to day lifestyle has remained the same, yet I feel so much poorer than I did 4 years ago.
A precursory glance at the job market has revealed that my salary is market related, so I am obviosuly in the same boat as everyone else
Sabretooth tiger
///Member
He wants to stimulate us. Why is he including me in his tendencies though?you are “stimulating” them
Sent from my iPhone using Tapatalk
M3boi
Well-known member
modocrat
Well-known member
While rinsing his cucumber.. He's tossing, I mean making a salad.
TBP88
Well-known member
You gotta toss if you wanna be tossed!
On a real note, yes, even myself with some pretty hefty salary increases - the truth is cost of living in SA (petrol and food especially) are hugely up from around 10yrs back. Cars are the same, of course. Add to that fewer of the performance models being sold new means the 2nd hand market is becoming far more biased towards sellers (hence the classic "I know what I have BS").
