There have been media reports that BMW is set to raise its car prices in 2023 by a rate ranging from 1.2% to almost 4% worldwide, and this increase is attributed to the global economic crisis and the impact of inflation on the German home.
According to CarBuzz, 41 different models will see some level of market adjustment in 2023. More importantly, these changes vary by model level, often driving up the prices of more expensive models, such as the new i7 or other flagship models. of the B ladder. mw.
On a percentage basis, the 330e sDrive was the worst priced driver, up 3.7 percent, or $1,600 from the vehicle’s current price of $43,300.
Ditto for the 7 Series, the 740i is up 2.6% from its original price of $93,300 to a starting price of $95,700, while the 760i xDrive is up 2.5% from $113,600 to $116,400. Other notable price increases include the X3 sDrive 30i, which jumps from $800 to $46,200.
The report predicts that many automakers will follow BMW’s lead in 2023, as inflation continues to weaken the global market and many analysts predict a recession is imminent.
It should be noted that BMW has previously announced that it will continue to produce affordable cars despite the market shift towards luxury cars, and with the economic downturn and expected price hikes, it is unknown whether the German company will continue this policy, at least in the medium term.
