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Do you really believe the used M3 prices will drop precipitously when the new M3 comes out? First, not everyone with a newer car will have the financial wherewithal to dump their 1-2 year old M3 just to get into a new one, and I predict that most of us are fiscally responsible enough to know that it would be a complete waste of money to take the first two years depreciation on a German car just to trade it for another German car. Second, the M4 will not be available for even longer and most "M3" sales have historically been coupes, not sedans. I would not expect that many current coupe owners will feel overcome with the need to get a new M and go for the sedan. That means that there won't be a sudden oversupply of used E92 M3's on the market.
Then, consider that at the time when the M4 becomes available, it will most likely have a decent price increase over the prior generation. Price increases reduce the pool of potential customers.
By the time the new M3/4 becomes available all E9X M3's available will be used and will have normally depreciated. There will also a limited supply of new cars during the months following the release so not everyone who wants to "jump ship" will be able to do so.
Don't count on this purported used M3 bonanza. Just save up and drive whatever is cheapest in the meantime if you really want an M3.
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