In case you didn’t notice the fact that everything is more expensive than it was, inflation is incredibly bad at the moment. Automakers are looking at higher prices for materials and transportation, which they’re passing along to shoppers. BMW becomes the latest automaker to raise the prices of its vehicles and they're not small increases. The G80 Bimmerpost forum has a page that lists prices for 2023 BMW models and the increases vary from high to insanely high.
We weren’t able to confirm the information on the forum, so take them with some caution. The model that will get the largest price increase by percentage for 2023 is the 330e, which will see its price tag go up by 3.7% or $1,600. At the other end of the range, the X4 M40i trim is the getting the smallest increase with a price tag that will be 1.2% higher for 2023 with the SUV set to cost $750 more than last year.
BMW’s high-performance and luxury models are getting some of the largest price increases for 2023, though the percentages are smaller since they already cost more than the majority of the brand's lineup. The M3 Competition is going up by $1,900 or 2.5%, the M5 will cost $2,000 more, the 740i is getting a $2,400 price increase, and the 760i xDrive is going up by $2,800. The smallest increases in price go to the X1 ($500), i4 eDrive35 ($600), and X4 M40i ($750).
On average, it looks like most 2023 models are set to go up by at least $1,000. Only a few models, like the 230i, X1, most of the X3 line, and the X4, are going up by less than $1,000 for the upcoming model year.
The page on the forum claims that BMW is raising its prices because of the “current economic and political volatility coupled with the continued supply shortage” that have resulted in higher prices for raw materials and the necessary parts to build vehicles. The higher prices will go into effect on January 1, 2023. For anyone that’s interested in purchasing a new BMW, we recommend putting in an order for a vehicle as soon as possible before the 2023 prices roll around.
Source: G80 Bimmerpost Forum
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Now, delving into the article you shared, it discusses the significant price increases in BMW vehicles for the year 2023. This phenomenon is a direct result of the challenges faced by automakers in the wake of current economic and political volatility, coupled with an ongoing supply shortage. These factors have led to higher prices for raw materials and essential components needed in the manufacturing process.
The G80 Bimmerpost Forum lists the prices for 2023 BMW models, highlighting the varying degrees of increases across different trims. Notably, the 330e model sees the largest percentage price hike at 3.7%, translating to a $1,600 increase. On the other end of the spectrum, the X4 M40i trim experiences the smallest increase, with a 1.2% rise, amounting to $750 more than the previous year.
The article also notes that high-performance and luxury models from BMW are witnessing some of the most substantial price increases for 2023. Despite their higher starting prices, the percentage increases for models like the M3 Competition, M5, 740i, and 760i xDrive are still noteworthy. The stated reasons for these price hikes are the challenges posed by economic and political uncertainties, along with the persisting supply shortage affecting the automotive industry.
For those considering purchasing a new BMW, the article suggests placing orders as soon as possible to secure the current pricing before the higher 2023 prices take effect on January 1, 2023. This strategic move could potentially save buyers from incurring the additional costs associated with the impending price hikes.
In conclusion, the article provides a comprehensive overview of the factors contributing to the surge in BMW prices for 2023, emphasizing the impact of economic, political, and supply chain challenges on the automotive industry.
