Another way to look at these inflated used prices is that you are getting and older car with potentially more mileage than 2 years ago for the same money or a bit more....
I've been keeping an eye on used market for 2011-2017 X3s since late 2020 thinking I will buy one to replace the Outlander but wasn't sure which way to go - 2012 with last N52, 2016 diesel or 2017 35i so I was looking at all options.
In summer of 2021 I was almost decided to pull the trigger on a 2017 X3 35i CPO w/Enhanced pack, exactly the color combo I wanted, with about 70K km, for around $30K, possibly a bit over IIRC.... I hesitate for a while and then changed my mind and decided to put the purchase aside as it was not really needed....
Today, I'm following this unit on Autotrader, nearly identical, but with half the mileage and 2 years older now, for $33K asking. So the price is in the same ballpark today, give or take, as it was back in summer 2021 and of course not CPO warranty....
This specific trim new was $60K MSRP before fright/PDI, discounts, fees, etc.....
Knowing what the prices were before, I'm trying to figure out what I would be willing to pay for this very specific car, assuming good condition and taking into account the new realities of course ... What I came up with so far is $29-$30K max for a car with under 100K...
For this particular unit currently for sale on Autotrader, with 32K km, one owner, some service records, no accidents, BC car for half of its life, I would probably pay the max $30K.... Am I out to lunch?