01-16-2020, 07:05 AM | #1 |
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Canadian Pricing Guide
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01-17-2020, 08:48 AM | #3 |
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I’m assuming X5 M Competition models (and probably others) are discounted in Canada (in USD terms) to retain market share by partially offsetting a 30% devaluation of the CND since 2015.
Anyone know if that is the case and if they do that in other countries? |
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01-17-2020, 11:33 PM | #4 |
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01-17-2020, 11:47 PM | #5 | |
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I was talking to someone about this from Switzerland (specifically about Mercedes and how much more his was than mine in the Canadian market) and he said pricing is based off the specific countries net average income. When you look at cost of living/incomes in various countries, often where the vehicles are priced significantly higher you'll see a much higher local purchasing power than countries where they cost less. I don't know if there's any truth to that being how the pricing is done though. If you like numbers, go to numbeo.com and you can compare various cities/countries, it's pretty interesting. |
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01-18-2020, 03:37 AM | #6 | |
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My curiosity is more “profit” vs “numbers” related as I used to work in the finance area for an international company. |
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01-18-2020, 05:29 AM | #7 |
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That's simply not true.
There are always some differences in pricing, especially an volatile exchange rate can make a difference, but on the long run, base prices (excl taxes) are very similar everywhere. They want to avoid quickly changing local prices whenever a local currency goes in any direction. For example, Sweden has a very high purchasing power, but Swedish Krona depreciated lately and now BMW there are more affordable then in other EU countries. If this exchange rate stays, they will slowly adjust the prices. The opposite example is Switzerland, CHF appreciated significantly and now BMWs in CH are more expensive than anywhere in Europe. But on the other hand, because of that you can get a huge discount, so you end up paying a reasonable price. |
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01-18-2020, 07:43 AM | #9 | |
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a) I had to sign a non-export agreement. This time it has no teeth, but back in E46 M3 days, it carried a contracted $20K penalty. b) BMW Canada has pretty tight control over regional sales. Didn't try on this round, but back in E46 M3 days, a dealer in a town 100km away wanted to but couldn't sell to me because my provided residence address was not in their range. Apparently BMW would punish dealers. Ought to be illegal, but Canada is pretty socialist. c) You'd have to deal with BMW Assistant adding "eh" to everything. 8 months in, that's pretty irritating even for a Canadian. There are other issues (like warranty, etc.), all likely can be dealt with, but may end up being too much hassle. But I think a fair trade would be that US underground railroads spare tire kits to Canada and gets G05 X5s in return.
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01-18-2020, 08:15 AM | #10 | |
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Last edited by GSG5; 01-18-2020 at 08:16 AM.. Reason: Correction |
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01-18-2020, 08:34 AM | #11 | ||
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So no conversion necessary and yes, we pay taxes. For US, you should be able to eventually get Canadian taxes back on import, but will have to pay your local taxes in return, I believe.
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01-18-2020, 10:49 AM | #12 | ||
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I've heard that too, if you've purchased in another country they'll try to not warranty anything because it came from a different market. (Doesn't make a ton of sense, what if you had moved countries?) I don't know that new cars can be exported easily anymore. It's my understanding that with a lot of vehicles considered luxury it's a bit of a process to even allow you to purchase them, you can only lease to prevent them from being sent overseas. (My SA said he didn't think purchase wasn't an option on the X5, I didn't push because I wanted to lease). When I got our Mercedes 2.5yrs ago I was told anything AMG or higher models were lease only. They said that Benz tracks how many leave the country, and whatever that number is, they get that many less allocations for future models. That said we get a bit of a "deal" on them compared to the US. Once spec'd what I just ordered was $110,000 cad. Based on US pricing it should be $130k cad. (Sorry eh) |
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01-18-2020, 10:56 AM | #13 | |
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Here in BC if it's over $57K it's 15%, over $125K 20%, over $150K 25%. It doesn't matter if it's new or used either, same rates for both. |
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01-18-2020, 11:00 AM | #14 | ||
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01-18-2020, 01:56 PM | #15 | ||
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01-18-2020, 02:00 PM | #16 |
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01-19-2020, 04:19 AM | #17 | |
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