[Miko M]

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Starting March 29- April 12

BMW to shutter for two weeks; local economists speculate on impact

https://www.goupstate.com/news/20200...late-on-impact

[M3 MT]

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

[antzcrashing]

Originally Posted by M3 MT

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

SC has had less cases then other places:

https://www.theguardian.com/world/ng...state-by-state

[F80NJM3]

Now, let's see those X5 lease prices come down

[M3 MT]

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

If mine work stays open I would consider getting X3M

Unfortunately it looks scary, going home next week without pay

[Miko M]

Originally Posted by M3 MT

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

Hope it will be only 2 weeks

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

Hope to see some good deals to get the momentum moving

Originally Posted by M3 MT

If mine work stays open I would consider getting X3M

Unfortunately it looks scary, going home next week without pay

I make a lots of Automotive parts and it's unfortunately dead slow now and manufacturing Companies are closing too.

For safety reason I can't agree more for decisions like that.

Stay safe folks!!!

[bluzbra]

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

It might actually go up if demand stays the same, since supply will be low.

[Ibiza]

Originally Posted by bluzbra

It might actually go up if demand stays the same, since supply will be low.

Demand will significantly drop more compared to supply.

[bluzbra]

Originally Posted by Ibiza

Demand will significantly drop more compared to supply.

It might. The issue then is, dealers that typically give heavy discounts on their cars and sell them "at a loss" do it because they get kickbacks from BMW NA for the number of cars sold, even if they made no money on them. With demand being down and less people buying, the dealers will truly have no reason to sell cars at a loss because they won't get any volume incentives/kickbacks from BMW NA. So each loss on a car will truly be a loss. I don't think dealers can afford to do that. They may just wait the storm and sell the same cars for an actual profit when demand is back up.

[Ibiza]

Originally Posted by bluzbra

It might. The issue then is, dealers that typically give heavy discounts on their cars and sell them "at a loss" do it because they get kickbacks from BMW NA for the number of cars sold, even if they made no money on them. With demand being down and less people buying, the dealers will truly have no reason to sell cars at a loss because they won't get any volume incentives/kickbacks from BMW NA. So each loss on a car will truly be a loss. I don't think dealers can afford to do that. They may just wait the storm and sell the same cars for an actual profit when demand is back up.

BMW NA is giving full 5% AVP through June and $1,000 incentive aka extra trunk money. I have been leasing BMW's for the past 15 years, even during the Great Recession, and still received bare bottom pricing. Customers leasing/purchasing vehicles at $100,000 + will generate significant AVP revenue for the dealership. It's the entry level models that will be tough to discount.

[Pauleebe]

Originally Posted by antzcrashing

SC has had less cases then other places:

https://www.theguardian.com/world/ng...state-by-state

Confirmed cases*

[IK6SPEED]

Considering Comscore shows new car sales in USA down 25% Year over Year (2019 to 2020) March 1st to March 15th (before the REAL shutdown and Trump's 14 day Stay at Home), you ain't seen nothing yet with the economic uncertainty showing itself (not to mention the unemployment numbers that come out Thursday morning).

[TheM3Boy]

Originally Posted by IK6SPEED

Considering Comscore showed new car sales in USA down 25% Year over Year (2019 to 2020) March 1st to March 15th (before the REAL shutdown and Trump's 14 day Stay at Home), you ain't seen nothing yet with the economic uncertainty showing itself (not to mention the unemployment numbers that come out Thursday morning).

Couldn't agree more! The worst is yet to come!
Stay safe everyone!

[Transfer]

Originally Posted by Ibiza

BMW NA is giving full 5% AVP through June and $1,000 incentive aka extra trunk money.

Through June? Source?

Edit: Nevermind now i see. Is that 5% of sales price on every sold vehicle or some other 5%?

[Ibiza]

Originally Posted by Transfer

Through June? Source?

Here is the autonews article: https://www.autonews.com/dealers/bmw...na-dealerships

It was a front page news article last week on this forum, but was taken down. :

[mjr24]

I don't think you will see low prices, yet.

If this drags on for an other 8 months, you might see dealers relent. However, I think most of the economic damage will be over with by the end of the summer and business as usual after. I think dealers have time to sit on these cars. If it were November, it may be a different story.

[GOLFFRR]

yup, makes sense though at this time

[Aliabd91]

My X5M has been already production on 21 of March

I waiting to be shipped to UAE
😢😢😢

[Poochie]

I didn't even realized they actually stayed open.. I guess them officially closing is news..

[x5mannn]

Originally Posted by Poochie

I didn't even realized they actually stayed open.. I guess them officially closing is news..

Can they use the time to make the grills smaller please?

[bjcarls]

The dealers can't just sit on inventory for 4 months, pay salaries and hope for a recovery. Two reasons to buy a vehicle right 1) you're in a lease or 2) you get a smoking deal.
My local dealer is sitting on 35 - X7's and 33 - X5's, and I'd consider Annapolis a small market. Not to mention, in ~5 months you'll be able to order a 2021. I think dealers will want to move inventory and I think deals will be had. Just my opinion but I think people have rosy colored glasses on when it comes to the economic impact this is causing.

[Miko M]

Originally Posted by bjcarls

The dealers can't just sit on inventory for 4 months, pay salaries and hope for a recovery. Two reasons to buy a vehicle right 1) you're in a lease or 2) you get a smoking deal.
My local dealer is sitting on 35 - X7's and 33 - X5's, and I'd consider Annapolis a small market. Not to mention, in ~5 months you'll be able to order a 2021. I think dealers will want to move inventory and I think deals will be had. Just my opinion but I think people have rosy colored glasses on when it comes to the economic impact this is causing.

Many people have lost their jobs already and no matter how good the deal is things won't sell unless you are financially secure