Quote:
Originally Posted by eugenebmw
I can confirm BMW EV's are sitting on lots and dealers are desperate to give them away in Vancouver, Canada. I never come across with BMW Canada offer that low lease interest rate (1.99%)
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So because I was bored I decided to look at what dealership inventory looks like. I started locally then just expanded to include a total of 63 dealers nationwide on new 2024 car inventory. All the Center of Excellence dealers plus others are included here.
I'm not in the market for a new car other than possible G60 540i so I haven't really paid attention to what's out there other than those models. I separated out between the ICE and BEV models based on how the dealer filter works. Very interesting to see that dealers are loaded with i4/i5/i7 models at over 60% of the total, but if you're looking for a 430i or M440i then good luck. Want an i4? They are everywhere.
Also notice where the incentives are right now. You don't give away $ on a product that is selling well on it's own. 7series is in its 2nd model year and 5er is only 6 months in from launch. Having lots of inventory says either you're planning on selling a huge volume or what you built isn't selling. What this will look like in another 3 months is anyone's guess.
Model/Series....qty.......%Total..............Incentives
4ser...................455.....10%
5ser...................936.....20%................ ..3.99% APR + $1000 credit
7ser...................382.......8%.....38%....... 3.99% APR + $4000 credit
i4......................1725......37%............. ....3.99% APR + $5000 credit
i5........................816......17%............ ......3.99% APR + $5000 credit
i7........................401........9%.....62%... ...3.99% APR + $7500 credit
Grand Total.....4715