They seem to have leveled out or risen.
Last year I test drove a CPO car that was $45,000. Searching BMW's CPO site today, I don't see any cars for less than $60,000.
It could be that with the low number of total cars there just aren't any as old/high mileage as the one I test drove, but at the least they seem to no longer be setting records for fastest depreciating car.
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2005 M3 Coupe, 2004 M3 Wagon, 2001 M5 Sedan, 2008 M5 6MT Sedan, 2012 128i M sport
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