Just to give you all a mainstream data point from Carmax (don't start; I really wasn't going to sell it to them), I recently took my daughter's pristine 2010 328i with 38,000 miles (that's correct) and was offered $4,000. The story I got was that there are no shoppers. No one buying, no one visiting showrooms or lots, so no one is paying to have a car sit in inventory. Apples and oranges, I know, but retail on this car was about $11,000 three months ago... I expect you don't have to look hard to find buy-side deals out there...