2023MY BMW Pricing Increase Announcement (Effective Production Starting Jan 1, 2023)

[Al Bundy's Dodge]

Officially on a buyers strike here

[TheFwed]

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.

[RigaTony1982]

Originally Posted by Westside Guy

Unfortunately, even though it is listed on the chart I would expect to see an increase on the G29 also.

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

[Zamorskii]

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.

[ScullyD]

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.

[ChiTownM]

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.

[chrisk03]

Originally Posted by F8SEVEN

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.

In FS too and worked at largest asset managers in the world with very smart colleagues, but this (bold) is funny and spot on...

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....

[Remonster]

Originally Posted by BimmerXdrive

These price increases matter to us regular people lol and to think Ferrari has sold out for the next two years on their $370k suv. SMH hahaa

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.

[Fugly M3]

Originally Posted by Remonster

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.

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.

[BMWCCA1]

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.

[ASAP]

Originally Posted by BMWCCA1

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.

A 1K price increase won't... numerous price increases in this climate in a short time will... a lot of industries are headed that way.

[rideontwo]

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.

[TruthOne]

Originally Posted by DM5PAV

7 years loan and an 16% apr, which they then refinance at year 3-5 for another 7 years. It's basically a rental program at that point, if you actually decide to finance.

But I assume many just lease.

LOL, leasing these days is worse than financing

[meko]

Originally Posted by TruthOne

Most people make less than 50k a year. Math isn't adding up .

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.

[tgrundke]

Winning comment, this. Very few people have any meaningful savings/investments, and many people are carrying lots of debt.

Originally Posted by meko

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.

[bluecrabby]

Originally Posted by ChiTownM

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.

that's what my best friend's daughter thought... she was about to buy a condo back in late January when the prices were borderline insane... her CPA friend told her to wait for the market to cool down.

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?

[xmanpro]

They already increased the prices of the cars I want last year so it's all good.

[tgrundke]

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.

Originally Posted by bluecrabby

that's what my best friend's daughter thought... she was about to buy a condo back in late January when the prices were borderline insane... her CPA friend told her to wait for the market to cool down.

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?

[NoSugar]

Originally Posted by apexes

G80 LCI already happened at start of 23MY, G82 supposed to be 24MY when all 4 series are due for LCI.

Get out! Wow, so '23 MY G80 is the LCI?

Sorry, I've been away from BMW for a while.

[apexes]

Originally Posted by NoSugar

Get out! Wow, so '23 MY G80 is the LCI?

Sorry, I've been away from BMW for a while.

Yea they are in sync with the core model 3 series which was updated for 23MY and got idrive8, but that's about it. Looking back at prior generation M3's they don't normally change the exterior like the core models, aside from the lights.

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.

[ez311]

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.

Thanks in advance

[thecakeisalie]

Originally Posted by ez311

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.

Thanks in advance

I'm in that position right now; from casual reading I am guessing that once there's an allocation you'll get a phone call and conversation regarding that topic, and if you pass it will go to the next person (or something). Kind of hoping that happens to the few people ahead of me in the queue so I can get my production number sooner