[Mark021]

question for "the" on the Manheim thing.

I've been tracking from a contact that has access and her stats show the 2006 530I going down in price to around $21k to $22k for an avg to above avg shape car with around 30K+ miles on it.

I appreciate what you are saying about the arbitage guys sending cars to Europe but I was under an impression that things had slowed down significantly worldwide and their economies are as up in arms as ours. As for local car sales, I was told that used was down as well and I knew that new was essentially frozen, but I didn't know if BMW was agressively financing (qualifying) and the lack of other forms of financing had made it less available as well creating a glut of both new and used off-lease cars and that the auctions were overflowing with off-lease BMW's.

My appreciations are just lay ones so they may be simplistic, but the Manheim stats the girl pulled for me showed a pretty steep downward trend in recent months with a lot of off-lease cars hitting the market and the residuals were above the market values so people were not opting to purchase and BMW's game plan of leasing everything was creating a backlog of cars given current market conditions... not true?