In Reply to: Kelly and NADA posted by MikeW on October 06, 1999 at 17:05:21:
:Once again, Mike, you're dead on correct. When the source of pricing are those who have that sort of vested interest it's a no-brainer. I've been closely following the used BMW market for almost 8 months and it appears that the dealers control a good 80% of the late model ('96 and above in particular) to the point of something resembling price fixing and certainly collusioin.
By inflating the prices on specific 3 series pre-owned they put you in a position to seriously consider buying a new one as the prices (without negotiation) are quite close between a used 328 and the new 323. The thought of paying 33k for a '97 vehicle with an msrp of 37.5k is apalling. I think the only other dealer with as many cars as Manhattan BMW sitting around is DiFeo with their wildly inflated pricing.