Agent 001 and I were speaking yesterday, and catching up over a multitude of topics. Ranging from personal to autos to his recent trip to Mexico for the BMW 340i and X1 to used car pricing, we covered the spectrum. This is where he noted that used car pricing for luxury autos has cratered.
Having not noticed this myself, I decided to look into it. And, 001 was right. Used car pricing for luxury vehicles has seemingly taken a hit.
It looks like depreciation is really rearing its ugly head on luxury cars. What could it be?
Well, I have a theory: Could it be that today's luxury vehicles that are loaded to the gills with technology are becoming essentially two ton laptops and mobile phones? THINK: These vehicles are tech gadgets that after a couple of years become extremely outdated with poor technology that is, frankly, not desirable. Who really wants a 2010 model year luxury vehicle with an infotainment system that has suspect graphics and a user experience on par with a 16-bit Nintendo? That tech is simply outdated and passé.
Chew on that for a second and answer this: Have luxury automobiles become DISPOSABLE much like today's mobile phones AND has that impacted used car pricing?
What say you, Spies?