Cars and Drivers

BMW Price Hikes Begin This Month

The North American division of Germany’s BMW automaker announced on Friday that the company would be raising prices on some of its 2015 model year vehicles effective Monday, January 5.

Describing the increase as “a modest inflationary price increase,” the company hiked prices on some 4 Series models and some X1 and X5 crossover SUVs. The price hikes range from $250 for the 428i Coupe to $1,000 for an X5 xDrive50i. The new price for the 428i Coupe is $41,700, up about 0.6%, and the new price for the X5 is $71,050, an increase of around 1.4%.

Only the models on the list at the end of this article are affected by the increases. These are among BMW’s top sellers: sales of the X5 are up more than 30% compared with a year ago and the 4 Series, which was essentially new in the United States in 2014, is also a good seller.

One observation we might make is that inflation isn’t that selective. If the price of one model is hit with an inflation-caused increase then it seems reasonable to expect that all models would be affected.

ALSO READ: Can BMW Sell $135,000 Electric Car?

The timing of the increase is also telling. BMW was in a tight race with Mercedes for the luxury car sales leader, and waiting until the new year should have helped corral a few more sales at the end of the year.

In any event, you have two days to save some money on that new BMW you’ve been wanting.

BMW price chart
Source: BMW of North America

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.