[blockhead25]

I am about to sell/trade in my 2015 drive X3 and all online sites that provide buy quotes (Carvana, carmax, KBB, etc) show the car value as dropping off a cliff in last 3 months. Any idea why? Is it something about it being the 10th year of model? Is there a specific problem on the ‘15s that was discovered as realibjty issue?

Carvana quoted $17k back in March and now $14.4K all with the same listed conditions, specs and mileage.

[Brandoch]

Originally Posted by blockhead25

I am about to sell/trade in my 2015 drive X3 and all online sites that provide buy quotes (Carvana, carmax, KBB, etc) show the car value as dropping off a cliff in last 3 months. Any idea why? Is it something about it being the 10th year of model? Is there a specific problem on the ‘15s that was discovered as realibjty issue?

Carvana quoted $17k back in March and now $14.4K all with the same listed conditions, specs and mileage.

I'd assume the N20 has something to do with it.

[Hellshalfacre]

Hello. I don't think it's the car itself. The entire auto sales industry is experiencing record high static inventory that they are unable to move. Lots of articles about this issue recently. The largest impact is on the new car market, but the trickle-down is even effecting the wholesale auction houses (where most cars that carmax and carvana purchase end up.)
One would think that this would translate to immediate slashing of the record high sales prices of new and used cars, but it doesn't always work that way. Good luck with the sale of your car.

[pungo]

The used car market bottom fell out, as well, the little 4 cyl in a 2+ ton vehicle doesn't help