Latest Automotive News

Subscribe in a reader

Auto Price Quote
Get a free auto price
quote from Edmunds!

BMW Announces Price Increase

Email   small font medium font large font


Price Protection Offered for All Customer-Ordered Vehicles Prior to May 9
Woodcliff Lake, NJ - June 2, 2008... BMW announced today that it has implemented a modest mid-year price increase of less than one percent for its 2008 product line, effective as of June 1. This is the first price increase in over one year despite continually rising raw materials costs and ongoing exchange rate pressure. Minor increases have also been made to selected options/packages, as well as the vehicle destination charge.

The base price increase will affect the entire 2008 BMW product line, with the exception of the BMW 1 Series, M3 and X6 models, which all went on sale this past spring. The destination charge increase and the selected option price increases affect all models. Additionally, anyone who factory ordered a BMW vehicle prior to May 9 that will be delivered after June 1, will receive price protection from these increases.

"Despite a mixed economic outlook in the US market, these measures are in line with pricing trends in the automotive industry," said Tom Purves, Chairman of BMW of North America, LLC. BMW has historically held its price adjustment to well below the US inflation rate. The last base price increase, of 0.5 percent, was instituted in March 2007.

Receive the latest automotive news by email!

Enter your email address:

Find the new car you want on

Related news
Soaring oil prices are prompting consumers to ditch gas guzzlers for more fuel-efficient models, according the Scotiabank's automotive industry specialist. Last year's U.S. sales of sport utility vehicles were down by a third from ...
For the first time since the launch of the second generation Cayenne, Porsche will be increasing prices. The price changes, effective 1st June 2008, will be between 1.4% and 2.8%, depending on the ...
Porsche, facing an uprising among its well-heeled and well-informed clientele, said Tuesday it is lowering Canadian prices on 2008 models by an average of about eight per cent. ``We cannot ignore our customers ...
Heavy equipment maker Caterpillar Inc. said Tuesday it will increase machinery and engine prices in January, citing a global upswing in construction, mining and energy exploration that continues to fuel ...
BMW Group US sales (BMW and MINI combined) down 11 percent in June. MINI sales continue to thrive. Woodcliff Lake, NJ - July 1, 2008... The BMW ...
PARIS (AP) _ PSA Peugeot Citroen reported a 37 per cent drop in 2005 net profit as fierce price competition and weaker car sales in Europe, higher raw material prices and an ...
PARIS (AP) _ Renault SA is considering creating a cheaper version of its no-frills Logan sedan that would reportedly be sold for about $3,000 in India and other emerging markets. ``We're thinking about ...
Frustrated truck drivers lined up to buy as little as a quarter-tank of diesel Tuesday due to shortages that one Chinese oil company blamed on price controls that it said discouraged new investment ...
Audi AG, the luxury carmaker owned by Volkswagen, said Monday it plans to invest US$15.7 billion through 2011 and expand its line of models to 40 from the current 22. ...
Daimler AG’s shareholders approved the distribution of a dividend for 2007 of €2.00 per share (prior year: €1.50 per share) at the Annual Meeting held in Berlin on Wednesday. The total dividend distribution ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!

BMW Announces Price Increase
> © 2006-2011 except where otherwise noted