[uniqueMR]

Q2 will be worse.

[mkoesel]

On the bright side, a couple models were way up.

The 8 Series increase is easily explainable by the introduction of both the Gran Coupe and the 840i models, with the 840i Gran Coupe in particular likely accounting for a good 75% of the gains. The surge in sales, by the way, helped the 8 pull ahead of the 7 last quarter. I'd expect that trend to continue now that the Gran Coupe model is available.

But the Z4 more than tripled its sales too. That one is a bit of a head scratcher. Perhaps there were some very favorable incentives.

[weingarm]

Originally Posted by mkoesel

But the Z4 more than tripled its sales too. That one is a bit of a head scratcher. Perhaps there were some very favorable incentives.

Z4 was "way up" because the newly-introduced 2019 model didn't arrive at dealers until March 2019. Therefore Q1 2019 counts at most 1 month of deliveries. Q1 2020 counts a full 3 months of Z4 deliveries.

2019 X7 also had its first deliveries in late-February 2019, hence the increase from Q1 2019 to Q1 2020.

Same was true of the 2019 3 series.

[jmcd2524]

Originally Posted by f31mtl

I don't think the discount is the issue, people either can't buy a new car (lock down) or can no longer buy a new car (no more job).

I was recently very close to pulling the trigger on placing a build order for an X7 ( about an 8.5% discount including the finance incentive only). My reason for postponing was the lock down (I have a trade in and had no desire to go anywhere near a dealership), and the factory closing (what sense does it make to place an order now if there was no ETA of delivery). I'm not convinced that my delay will result in a better deal. Hope so. One thing for sure is that I have no desire to sell my Lexus on my own. It's just too risky in this environment. So whatever I get in terms of a better discount, (if anything), I'm sure to lose on the value of my Lexus trade-in. At least that is the way I'm thinking about it. Does this sound reasonable?

[aerostar]

Originally Posted by jmcd2524

I was recently very close to pulling the trigger on placing a build order for an X7 ( about an 8.5% discount including the finance incentive only). My reason for postponing was the lock down (I have a trade in and had no desire to go anywhere near a dealership), and the factory closing (what sense does it make to place an order now if there was no ETA of delivery). I'm not convinced that my delay will result in a better deal. Hope so. One thing for sure is that I have no desire to sell my Lexus on my own. It's just too risky in this environment. So whatever I get in terms of a better discount, (if anything), I'm sure to lose on the value of my Lexus trade-in. At least that is the way I'm thinking about it. Does this sound reasonable?

Unless you're a legitimate millionaire I would stay away from buying a X7 at this time.

If we really do go into a depression we're all gonna be shitting our pants holding on for dear life.

[Ibiza]

Originally Posted by aerostar

Unless you're a legitimate millionaire I would stay away from buying a X7 at this time.

If we really do go into a depression we're all gonna be shitting our pants holding on for dear life.

I'll be ordering MRSP $200,000+ worth of 2 M cars within the next 6 months. PC dates will be easy to come by.

Loyal BMW customers that are used to the incentives will continue to expect them, as there were plenty of incentives during 2008 financial crisis.

[Alpine300zhp]

Originally Posted by ThatKrazyPolak

I spy with my little eye a 15-20% discount on a 2021 M340??

Shoot. You can get 15% now if you take an in-stock unit. 20% might happen soon enough.

[Alpine300zhp]

Originally Posted by Mo@BMWofFairfax

I wouldn't go that crazy. Maybe if a car is sitting on the lot for a VERY VERY long time. The reason they're able to give heavy discounts is because the cars move. If cars don't move, those discounts don't happen.

This is very true....

[Ibiza]

Originally Posted by Mo@BMWofFairfax

Unemployment has jumped from 3.5% to 7%. Things are about to get really really interesting.

US Dept of Labor March 2020 unemployment rate was 4.4 percent and could rise to 13 percent for April 2020.

[Sephiroth]

Originally Posted by Mo@BMWofFairfax

I wouldn't go that crazy. Maybe if a car is sitting on the lot for a VERY VERY long time. The reason they're able to give heavy discounts is because the cars move. If cars don't move, those discounts don't happen.

We are headed towards 30% unemployment. Nobody is going to be buying for a while. And leasing? Forget it.

[Ibiza]

Originally Posted by Sephiroth

We are headed towards 30% unemployment. Nobody is going to be buying for a while. And leasing? Forget it.

Some of us are will be entering into new leases, and need to order replacement BMW's once the factories re-open.

[yousefnjr]

Originally Posted by ThatKrazyPolak

I spy with my little eye a 15-20% discount on a 2021 M340??

Some people were getting that before all this started happening

[soheil]

i3 sales are down 94%! Is Coronavirus suddenly making people hate electric cars?! Or is this because of Model Y?

[W///]

Originally Posted by soheil

i3 sales are down 94%! Is Coronavirus suddenly making people hate electric cars?! Or is this because of Model Y?

I saw gas prices as low as $1.39/gallon here a week ago. Add the pandemic to that and I personally don't see a super compelling reason to get any electric cars yet, although I wouldn't mind a used i3 in the future.

[DBV1]

Originally Posted by W///

I saw gas prices as low as $1.39/gallon here a week ago. Add the pandemic to that and I personally don't see a super compelling reason to get any electric cars yet, although I wouldn't mind a used i3 in the future.

I agree. No way would I buy an electric car now with gas so cheap.

[cfm56d7b]

Originally Posted by weingarm

Z4 was "way up" because the newly-introduced 2019 model didn't arrive at dealers until March 2019. Therefore Q1 2019 counts at most 1 month of deliveries. Q1 2020 counts a full 3 months of Z4 deliveries.

Z4 sales are highly dependent on the consumer confidence in continuity of their disposable income. Z4 is a fun car and fun cars will yield to SUVs - or [SU]permarket [V]isitors - during difficult economic times. Industry wide auto sales will take another quarter to reflect consumer confidence.