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12-01-2022, 08:17 AM | #67 |
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Officially on a buyers strike here
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12-01-2022, 10:04 AM | #68 |
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Have been waiting for my M3 allocation for 4 months and now there is a price increase. And still no allocation, not sure if my dealer (San Jose, CA) put me in a slow / low priority queue. Quite annoying.
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12-01-2022, 10:13 AM | #69 |
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Yeah, this is what I'm afraid of. I need to take care of my wife's car first since her lease ends in March so I can start working on the Z4 for me. Wonder if I can get a deal if I buy 2 cars at once
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12-01-2022, 10:17 AM | #70 |
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I'd say until the pipeline delivery and allocation issues are resolved, BMW can continue to raise prices.
I placed my order 9/9/22, vehicle produced 9/27/22 and to this day (2+ months), it has not left the port. You can dream of discounts, but to all still waiting, that's just a pipe dream.
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12-01-2022, 10:18 AM | #71 |
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These price increases put a CS-option equivalent Frozen White xdrive M3 at an MSRP of $115,225.
Meanwhile, BP still believing "CS might start at $90k". Hilarious. The last M3 CS started at $98,250 (while having frozen paint, executive package and CCBs as options, which made fully loaded MSRP around $114,350). Adjusted for inflation to 2022, those prices would be $108,615 based and $126,410 respectively. And that car didn't have the level of complexity this car has with new buckets, xdrive, etc. Last edited by ScullyD; 12-01-2022 at 12:10 PM.. |
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12-01-2022, 12:17 PM | #72 |
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All factors mentioned with this price increase will make impulse buying less appealing, which eventually will cool down the market. It'll take time, and the ones that have buying power, will probably get good deals because they can play all the different factors and are able to make a deal happen.
I stepped away from a 50 Jahre and will stay on the sideline, Porsche and/or BMW. |
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12-01-2022, 01:52 PM | #73 | |
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Things can change very quickly for items like houses/mortgages, cars and lux items, esp with the quick changes we're seeing in the economy/Fed and they aren't done. Better half's company (very large mortgage co) just had 4th or 5th layoff this year...last year, she was working tons of OT. She "unfortunately" made it through another layoff (her words). I'm still of the belief unless you absolutely need a vehicle now, hold off, prices will be, and continue, to come down. Feel the same about housing. Unless you have GFY $$, I guess it doesn't really matter, but that's a very small minority. Bump this thread in a yr....
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12-01-2022, 10:44 PM | #74 |
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I work for a Ferrari dealership and we're sold out for over 2 years on every Ferrari model. We're sold out on our total allocations for the Purosangue SUV with the V12 engine unless they decide to build more with a different engine in the future.
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12-01-2022, 11:33 PM | #75 |
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That doesn't surprise me because it's a totally unique market. That said, my CA seems to think I could sell my new M3CX for a $10k profit right away based on his search of available inventory/allocations nationwide, especially in Florida. I don't believe it, but I also don't really intend to sell it so it doesn't matter.
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12-02-2022, 06:57 AM | #76 |
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I've been selling BMWs since the MSRP of a new 3-series started at $7775. I don't think BMW raising prices $1200 on a $100,000 car will do anything to tank their sales, but I do think a general discomfort in the economy in general has—and will continue.
Quite frankly, it is BMW's inability to provide allocations necessary to build in-demand models that baffles me. Next their inability to ship cars and not even knowing what's going on with cars still stuck in Oxnard, CA, that are supposed to be arriving on the East Coast that bothers me more. Then, just having completed my Q4 training and seeing nothing talking about the driving experience in any new model, has me throwing up a bit in my throat. Time to quit this business and just get back to enjoying cars. |
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12-02-2022, 11:16 AM | #77 | |
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12-02-2022, 12:57 PM | #78 |
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When Dollar is weak BMW ups prices
When Dollar is strong BMW ups prices When FLU hits BMW ups prices When COVID hits BMW ups prices When semiconductor shortages are a plenty BMW ups prices for less features Any one get the trend here? And for most, BMW's are out of reach. |
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12-02-2022, 05:23 PM | #79 | ||
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12-02-2022, 08:55 PM | #80 |
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I don't think people have ANY savings or investments. That's what I'm seeing. I'm over here doubling down on the market, but I see so many in debt it's crazy. I guess time will tell.
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12-03-2022, 08:49 AM | #81 |
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Winning comment, this. Very few people have any meaningful savings/investments, and many people are carrying lots of debt.
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12-03-2022, 04:50 PM | #82 | |
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the 1-bedroom condo that she almost bought for $470k got sold 2 days later.. another identical condo(same floor, same sqf, in the adjacent corner of the condo she missed out) went on the market last week for $600k... sold the next day for $590k. Who said the housing market was going downhill? |
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12-03-2022, 06:08 PM | #83 |
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They already increased the prices of the cars I want last year so it's all good.
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12-04-2022, 08:36 AM | #84 | |
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Markets are specific to your location, so YMMV in terms of declines. Go to areas where there was a lot of investment purchasing during COVID (parts of Colorado, Lake Tahoe, etc.) and you'll see some significant price cuts.
Go to markets like southeast Florida and you wont see much of a cut yet. What I keep reminding people is that the housing market doesn't turn on a dime - these things take time to work through the system. The peak in housing during the financial crisis of 2008 came ~Q4 2006 and the market didn't bottom until around Q4 2011. This underlying fundamentals impacting this current market correction are different for sure, but the shakeout will still take time. Quote:
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12-04-2022, 12:08 PM | #85 | |
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Sorry, I've been away from BMW for a while.
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12-04-2022, 04:25 PM | #86 | |
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M4 is due for 24MY with the 4 series LCI. Given that they announced they are extending the G8x model run there could be another LCI in a couple years.
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12-04-2022, 07:32 PM | #87 |
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Can anyone with an order in the bank but no allocation chime in with how their dealer is handling the upcoming price increase? I have an order in, but still waiting on an allocation. I'd like to think they honor pricing on the deal sheet but I suspect each dealership will handle differently. Curious to hear from any others in this situation.
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12-04-2022, 07:57 PM | #88 | |
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