If you’re waiting for the price to drop to pick the ultimate driving machine, you’ll have to wait a long time because, according to an internal document from BMW North America, prices will rise across the board for 2023.
A well-known user in the insurance post forum broke the bad news and shared the document while quoting the brand “BMW NA has determined that the current economic situation needs to be reflected.”
The economic situation BMW is talking about is probably the industry-wide shortage of semiconductors and other vital components, which has led manufacturers to delay the delivery and production of many vehicles. If automakers don’t have a car to sell, they’re losing potential buyers and thus losing money.
Read: Apple CarPlay and Android Auto Chip Shortage Strips BMW
It seems that the most popular models are least affected by price increases, while niche performance-based choices will make a big hole in your wallet. For example, the price of a standard X5 sDrive40i has increased by only $ 1,000, with an additional $ 4,200 being added to the bottom line of the tire-shading M5. Other models that have increased the amount of flour are the Alpina XB7 with an extra 7 3,700, the X6 M with 4,100 and the Alpina B8 with a full extra $ 5,000.
In addition to the increase in car prices, the cost of accessories has also increased, and the increase is significant. If you want metallic paint in your insurance, you have to pay an additional 650, which is 18% more than the previous cost of $ 550. Of all the accessories, one of the highest priced is the extra tires, which increased 67% from $ 150 to $ 250. Other notable money-grabers are heated armrests and steering wheels, 4 zone climate control and front / rear heated seats.