The North American division of Germany’s BMW automaker announced on Friday that the company would be raising prices on some of its 2015 model year vehicles effective Monday, January 5.
Describing the increase as “a modest inflationary price increase,” the company hiked prices on some 4 Series models and some X1 and X5 crossover SUVs. The price hikes range from $250 for the 428i Coupe to $1,000 for an X5 xDrive50i. The new price for the 428i Coupe is $41,700, up about 0.6%, and the new price for the X5 is $71,050, an increase of around 1.4%.
Only the models on the list at the end of this article are affected by the increases. These are among BMW’s top sellers: sales of the X5 are up more than 30% compared with a year ago and the 4 Series, which was essentially new in the United States in 2014, is also a good seller.
One observation we might make is that inflation isn’t that selective. If the price of one model is hit with an inflation-caused increase then it seems reasonable to expect that all models would be affected.
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The timing of the increase is also telling. BMW was in a tight race with Mercedes for the luxury car sales leader, and waiting until the new year should have helped corral a few more sales at the end of the year.
In any event, you have two days to save some money on that new BMW you’ve been wanting.
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