BMW is feeling a major pinch and I suspect other luxo car makers will too.
They took a write down of millions and millions of dollars this year due to slipping residuals, and are trying to focus on making the purchasing of their cars more attractive.
from an auto news article I just read:
Sinking used car prices forced the company to more than double its risk provisions to 695 million euros due to lower than expected revenues from cars coming off lease, adding more could still come in the second half.
