[hyakuhei]

On route to pick up my F31, got a text from another dealer that price rises are on the way but they're (so very kindly) keeping their prices down until the end of the year.

I do remember that in the contract I signed it said the price of the car can fluctuate while it's being built. I'm sure that wont affect me this late but perhaps worth others who are earlier in the process just checking?

I'm on the train right now with crappy internet so can't easily post the pic in a way that the forum likes but here's what it said:

"With expected increases, Wollaston BMW is holding prices on new cars ordered and delivered by 31 Dec. Dont miss out, call ...."

Link to the photo https://drive.google.com/file/d/0B0o...ew?usp=sharing

[JOHNBMWM5]

Originally Posted by hyakuhei

On route to pick up my F31, got a text from another dealer that price rises are on the way but they're (so very kindly) keeping their prices down until the end of the year.

I do remember that in the contract I signed it said the price of the car can fluctuate while it's being built. I'm sure that wont affect me this late but perhaps worth others who are earlier in the process just checking?

I'm on the train right now with crappy internet so can't easily post the pic in a way that the forum likes but here's what it said:

"With expected increases, Wollaston BMW is holding prices on new cars ordered and delivered by 31 Dec. Dont miss out, call ...."

Link to the photo https://drive.google.com/file/d/0B0o...ew?usp=sharing

They will hold prices regardless, they don't want cancelled orders.
So many pre-reg cars out there now.

[ar68]

I've just had same from North Oxford. Trying to drum up a bit of trade before end of quarter.

[Torque of the Devil]

You'll never get a better deal on a new car than ordering a few days before Xmas

[NISFAN]

The whisper on the grapevine is that BMW prices are going up in the next quarter. Probably car prices in general due to currency?

I guess there is a cut off point on price lock on cars being delivered well into the next quarter? For example, I don't suppose you could order on the 31st December 2016, for build date in March 2017 and get 2016 pricing, especially if it goes up significantly?!?!?

[DaveA]

Originally Posted by NISFAN

The whisper on the grapevine is that BMW prices are going up in the next quarter. Probably car prices in general due to currency?

I guess there is a cut off point on price lock on cars being delivered well into the next quarter? For example, I don't suppose you could order on the 31st December 2016, for build date in March 2017 and get 2016 pricing, especially if it goes up significantly?!?!?

That concurs with what I have heard...

Just logically, you cannot avoid coming to the conclusion that prices have to rise... BMW's were already good value in the uk compared to other euro markets (especially with discounts) but with the euro now 20% stronger than it was, you have to ask at what point does BMW have to change the retail prices to avoid losses....

We could quite easily see 10% increases across the board in 2017....

[DB118D]

BMW normally adjust prices in January do they not?

Sounds like the dealer being a bit sneaky trying to entice a few folk out their shell at their quietest time of year

[Dyl]

It was obvious this was gonna happen, 20% fall in the value pound means imported things are gonna cost approx 20% more once the hedged money ran out.

Apple and Microsoft have already done it, we've seen the Toblerone debacle. The thickos are saying companies are taking advantage of Brexit. They are not, just maintaining their profits. Why would they except less money for their goods from UK buyers rather than the rest of the world. Worrying thing is it might get worse.

So if you are thinking of buying, do it sooner rather than later.

[Dyl]

Originally Posted by DaveA

but with the euro now 20% stronger than it was

The Euro is not stronger, its stayed roughly the same. It's the pound going down.

[moonshine]

the pound (at 1.163 today) is down 11% against immediate pre-brexit euro level of 1.31.
it is down 18% against 5 year peak of 1.423 in 2015.
the long term median was about 1.30
I read that many firms are readjusting prices based on planning for a 1.18, so about a 10% devaluation of the pound.

[RichardM]

Originally Posted by Vanguard

You'll never get a better deal on a new car than ordering a few days before Xmas

Wouldn't that only apply to cars available from stock that they can register straight away?

[DaveA]

Originally Posted by Dyl

The Euro is not stronger, its stayed roughly the same. It's the pound going down.

Ok, a bit pedantic, but I get the point... It is a lack if confidence in the pound that has caused this rather than an increasing confidence in the euro.

To be clear, what I meant was that the pound is now significantly weaker than it was against the euro (and other currencies). Ergo, the euro can now be considered to be stronger against the pound than it was.

[DaveA]

Originally Posted by moonshine

the pound (at 1.163 today) is down 11% against immediate pre-brexit euro level of 1.31.
it is down 18% against 5 year peak of 1.423 in 2015.
the long term median was about 1.30
I read that many firms are readjusting prices based on planning for a 1.18, so about a 10% devaluation of the pound.

Yes, I think you're in the right ballpark there... Since the crash of the pound's value in '08, there had been a steady strengthening trend against the euro (and dollar) that would be placing it now around the 1.30 to 1.35 mark without other influences... So, clearly, it being now at about 1.16 is something out of the ordinary that business needs to factor in.

[Beancounter_74]

Being completely selfish, a bit of pressure to increase the new prices could be just the help my fastly depreciating 335d needs.....

[DB118D]

Originally Posted by RichardM

Wouldn't that only apply to cars available from stock that they can register straight away?

Correct.

[moonshine]

Originally Posted by DaveA

Yes, I think you're in the right ballpark there... Since the crash of the pound's value in '08, there had been a steady strengthening trend against the euro (and dollar) that would be placing it now around the 1.30 to 1.35 mark without other influences... So, clearly, it being now at about 1.16 is something out of the ordinary that business needs to factor in.

I'm importing a campervan from Germany in January and hedged ?45000 at 1.30 before Brexit to protect against currency volatility.
I've been keeping track of the pound performance. I've worst I've seen since was 1.087 in early October which was a 17.7% fall in value of the pound against the euro. It has rebounded somewhat following Trumpton but it is still really volatile and every hard Brexit rumour shakes it lower.

[DaveA]

Originally Posted by Lobb

20%?

You could argue 23% lower (against high) in two-year trading....

high = 1.44 and low = 1.10

The trend to mid 2015 after '08 crash would suggest maybe 1.30 would about right now without any other influence, moving towards 1.35 next year... which is 16%/17% higher than today... and 23% higher than the 1.10 low...

So it's not exaggerating so much as choosing what points to compare...

[DaveA]

Originally Posted by moonshine

I'm importing a campervan from Germany in January and hedged ?45000 at 1.30 before Brexit to protect against currency volatility.
I've been keeping track of the pound performance. I've worst I've seen since was 1.087 in early October which was a 17.7% fall in value of the pound against the euro. It has rebounded somewhat following Trumpton but it is still really volatile and every hard Brexit rumour shakes it lower.

I thought that was funny, all the rebound fanfare post trumptoon ... The rebound was more (imho) due to the high court judgement than trumptoon, but then trumpeting that element wasn't really on the agenda, was it..!!!

Nonetheless, the couple of percentage points, however gained, were welcome and I share your "volatility" concerns.

[Rich9600]

There is also the 2017 Road Fund to consider. A significant price hike of 10% will attract that annual £350 is levy for cars greater than £40k.

If your spec is just over £36K now it could well attract the extra punishment from taxation.

Buying at the end of this quarter could be popular, even with just the upcoming Road Fund Licence changes.

[MRPoisson]

Originally Posted by Rich9600

There is also the 2017 Road Fund to consider. A significant price hike of 10% will attract that annual £350 is levy for cars greater than £40k.

If your spec is just over £36K now it could well attract the extra punishment from taxation.

Buying at the end of this quarter could be popular, even with just the upcoming Road Fund Licence changes.

+1 the 2.9% apr also won't be around forever

[....,,,,..,,..]

The other thing to add in to the mix is the big jump in Chinese prices.

Parts produced in China have recently jumped a good bit in price.

This results in a knock on rise in U.K. / rest of world manufacturing / assembly BOM total price (how much a product actually costs to produce).

It gets more confusing when you factor in drop in Sterling has resulted in larger than expected overseas orders for a product that now costs more to produce but is selling more than usual. That coupled with more companies taking on labour.

On the tobyrone saga, we reckoned today consumers should use social media and just not buy it and buy a rivals out of protest, same where other companies put price up. Full social media thing and boycott certain goods.

[SkyJawa]

Straight from TRL's mouth:

"Heads up! Most BMW ordered from today for delivery after 1st January will attract a price increase.
The cars that matter, M140 and M240 will go up by £230 on the base price. No other changes are mentioned but I will let you know,
there could be some option increases I guess.
Thankfully the increase is nothing like what we may have expected considering the exchange rate.
BMW X5 gets the biggest jump of around £1500-£1600 increase. the rest of the range is all around the same £200 to £300 increase overall.

Please note that my quotes will all be revised from today to factor this in, even though the published price lists will not adjust until 1st April.
We don't have any stock cars to deliver this year so the old price is irrelevant to most.

Cars ordered under a customer name up to the 16th November are price protected, further details to follow."