The new car market continues to struggle to deliver enough vehicles to meet customer demand. This, combined with several other factors, continues to drive prices up and we are constantly seeing price increases from virtually every brand. BMW is one of the brands that hasn’t missed an opportunity to change the sticker prices of most of its products in the US and it looks like there’s another price hike coming.
A post on the Bimmerpost forums highlights BMW’s pricing for the 2023 model year. Virtually all base prices are up and will become effective with vehicles produced from January 1. The German automaker says “the current economic and political volatility coupled with the continued shortage of supply” are to blame for the price increase. Any changes will be reflected in all subsequent pricing systems once the January allocation becomes available.
This does not mean that we do not have access to the new prices. According to the information available, the increase varies from 1.2% to 3.3% depending on the model series. In monetary terms, that means between $600 and $2,800 on some models, with the BMW 760i xDrive (G70) taking the biggest jump from $113,600 to $116,400. The M5 is also worth noting as it became more expensive in June this year and now again its price goes up to $109,900.
It is also important to note that not all price increases will take effect from January 1st. Price changes for the i4 and 7 series will be reflected in order guides starting March 1. Soon all new prices will be published on the official BMW website. sites and online configurators in the United States. Take a look at the images above for full information on BMW’s 2023 pricing. Alternatively, you can follow this link.
The truth, however, is that BMW isn’t alone in raising the prices of its new vehicles. Many automakers, including Subaru, Audi and Lexus, have released revised pricing for their portfolios for the 2023 model year and we believe the same is coming from other companies.