If you were waiting for prices to drop to pick up the ultimate driving machine, you’re going to have to wait a lot longer as according to an internal document from BMW North America, pricing will increase across the board for 2023.
A reputable user over at Bimmer Post forums broke the bad news and shared the document while quoting the brand as saying “BMW NA have determined that it is necessary to reflect the current economic situation.”
The economic situation that BMW is likely referring to is the industry-wide shortage of semiconductors and other important parts leading to manufacturers to delay the delivery and production of many vehicles. If automakers don’t have any cars to sell, they’re losing out on potential buyers, and thus losing money.
Read: Chip Shortage Strips BMWs Of Apple Carplay And Android Auto
It seems that the most popular models are the least affected by the price hike, while niche performance-oriented choices will put a bigger hole in your wallet. For example, a standard X5 sDrive40i has a price increase of just $1,000, while the tire-shredding M5 adds an extra $4,200 to the bottom line. Other models that receive a large increase in dough are the Alpina XB7 with an extra $3,700, the X6 M with $4,100, and the Alpina B8 with a whopping extra $5,000.
In addition to the price increase for the vehicle itself, the cost of accessories has also gone up, and the increase is significant. If you want metallic paint on your bimmer, expect to pay another $650, an 18% jump from the previous cost of $550. Of all the accessories, the one with the highest price is the spare tire, which has risen 67% from $150 to $250. Other notable money-grabbers are the heated armrests and steering wheel, 4 zone climate control, and the front/rear heated seats.
