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11-30-2022, 03:39 PM | #45 | |
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Until dealers are overstocked with inventory, you're not going to see any significant discounts or incentives from BMW or dealership. Overall sales might be slowing down, but dealerships are loving the inventory levels right now because it's a good mix of having something in stock but not having to really worry about excessive inventory while still being able to sell cars whether it's in stock for factory order - no one is in panic mode. At least not yet. |
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11-30-2022, 03:53 PM | #46 | |
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11-30-2022, 03:56 PM | #47 | ||
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They made this decision based on several finance people, projections, data, etc. This actually is a good indication that BMW projects prices of cars will continue to remain high, and some sudden 10,000 -15,000 dollar car value plummet some armchair economic forum members here think, might not actually happen. It may, but it might not. BMW seems to think it won't. |
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11-30-2022, 04:01 PM | #48 |
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11-30-2022, 04:15 PM | #50 | |
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Yes, many Americans are probably overspending on cars. But buying BMWs is not exactly a wise investment at all financially. Buying a depreciating asset period is financially pretty dumb, and when you do, as cheap and reliable as you can go, but here we all are, on a BMW forum, driving BMWs… |
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11-30-2022, 04:58 PM | #51 | |
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11-30-2022, 05:39 PM | #52 |
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This! People are paying 5k to 10k over msrp AND are complaining to the OEM about it. Kind of logical to raise prices when you know people are willing to pay them.
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11-30-2022, 05:44 PM | #53 |
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Stonks moment, just look at some of them like M550i, sheesh.
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11-30-2022, 06:20 PM | #55 |
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Nah this makes no sense if you are going to increase on the M3 better add heated back seats like the F80 had. They literally just went up by $3400 earlier this year now another nearly $1500?! Cmon man
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11-30-2022, 06:35 PM | #56 |
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I don't think any dealerships will be carrying the inventory they used to given the market.
I don't think there will even be dealerships in 10 years. Just maintenance dealers. Order online like Dominoes and Tesla. |
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11-30-2022, 07:08 PM | #57 |
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I think a lot of people will start cancelling orders and in 1 year will be seeing 10% off MSRP if not more
Been waiting 4 months for my M3 allocation while using a broker At least myself i am cancelling my order and i am not paying the price increase This is a rip off |
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11-30-2022, 07:13 PM | #59 |
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I said this on another thread: I think 2018-2019ish was the high point for purchasing power and getting "value" with what you purchased. Check out the features on a my19 or my20 vs what you get now. Throw in incentives and low rates and it really was the peak. Maybe one day we'll get back there, but I doubt it.
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11-30-2022, 07:41 PM | #60 |
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the M3 went up again gtfo
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11-30-2022, 10:55 PM | #61 |
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I'd say the price increase is definitely curious. As some have said, BMW clearly doesn't do this without considerable analysis. And yet, the economy seems to be trending in the cool down direction. Hard to know really.
I work in financial services, so I am somewhat immersed in "expert" exposure. I'd say there are three types of experts. First are the traditional Doctoral-level economists. They study the past and try to apply everything they've learned to the present. Second are the long-tenured industry experts...the ones who have seen it all, except for the next thing. They generally shrug their shoulders and move on. Finally, there are the experts who made one big call once and got famous on it. They rarely make the same prescient call a second time. What do they all have in common? They almost never see the next thing coming. Example: FTX. I'm in the camp that there will be discounts soon. I don't think that has to involve a terrible recession or crash, though it could. Mostly, it's just that price increases coupled with interest rates will reach a crescendo or critical mass. At that point they'll have to come down. It's the natural course of things.
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12-01-2022, 07:02 AM | #63 | |
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12-01-2022, 07:09 AM | #64 |
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12-01-2022, 07:46 AM | #65 | |
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While repos are increasing, they are increasing from a VERY LOW baseline and haven't even yet reached the historical mean.
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12-01-2022, 07:56 AM | #66 | |
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Spot on analysis.
The increase in rates and in prices will pinch the aspirational buyers the most. Unless other potential BMW owners go on a buyers strike, then BMW retains pricing power. If buyers balk, then first you get dealership discounts, then you'll start seeing OEM rate buy-downs, lease support, incentives, etc. We're a long way off from that considering there are still backorders for most new cars. Quote:
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