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Originally Posted by TheBingoBalls
Quote:
Originally Posted by RigaTony1982
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Originally Posted by Jason60051
Everything will be on sale in 6-12 months. The tide is starting to turn.
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I think you're right here. Makes the timing of this on BMW's end seem odd. |
Maybe, maybe not. Looking around at BMW dealerships, they don't exactly have stock of inventory. It's not as bad as it was before but the choices of vehicles on the lot are still slim/low.
Until dealers are overstocked with inventory, you're not going to see any significant discounts or incentives from BMW or dealership. Overall sales might be slowing down, but dealerships are loving the inventory levels right now because it's a good mix of having something in stock but not having to really worry about excessive inventory while still being able to sell cars whether it's in stock for factory order - no one is in panic mode. At least not yet. |
This. Demand may slow with the economy, but they already still have trouble meeting demand as is effectively without significant lead times. It's better, but new cars are not bristling in abundance at dealerships. One does not simply walk into a BMW dealership and walk out with a new car the same day. Until that day arrives, everyone's car value will still be high. If you think BMW is doing this with 0 analysis, you are wrong.
They made this decision based on several finance people, projections, data, etc. This actually is a good indication that BMW projects prices of cars will continue to remain high, and some sudden 10,000 -15,000 dollar car value plummet some armchair economic forum members here think, might not actually happen. It may, but it might not. BMW seems to think it won't.