[m3cole]

Originally Posted by Bimmerfun82

That was exactly the deal I got for the iX. But we also have an X7. I think for BEV it’s both/and. But you make a good point. The iX is simply overpriced. As I stated in an earlier post, the X5/6/7 in particular needs some favorable interest rates - just noticed the rates are now 3.99%. I suppose they already have made a move in that regard… not sure when that happened.

Yes BMW bought down market rates for new buyers. Rates 3.99 for prime currently which is best we’ve seen in a while. If the IX was 20k cheaper MSRP people would look at it more favorably. 80-100k is a lot of money for a car that current BMW owners aren’t “farmiliar with”. I saw this a lot at the dealership. Of course it was our MO to sell more and push people in that direction and it worked! The IX is a wonderful car for a stay at home parent with kids that runs around town all day. Road trips though, not so much haha

[ledphut]

Originally Posted by AndreiPopescu

Here before people start to shit on the XM for having no sales.

The XM sold more in 2023 alone than the Urus has since 2018 till now

You again? LOL

The difference is that people pay over sticker for the Urus as most sell before they even hit the lot, and XM buyers get $30K off because they are universally despised and really just test mules for the drivetrain.

Sad but true: The XM won’t even make it to an LCI before it’s shitcanned.

[NGT2]

Originally Posted by Bimmerfun82

The US market grew 3.5% in the first 5 months - with BMW at half the growth (and clearly the mix is moving to lower priced models, not just with BMW but across the board), perhaps it’s time to offer better financing and leasing rates, promotional discounts and cut prices on models like the iX and XM (in lieu of massive discounts). I also wonder how the new X3 will be received.

They’re gonna sell the hell out of the new X3, just like they do the current X3. It’s not for me, but it’s a great all around vehicle for the average buyer. Doesn’t drive like a truck and lots of practical uses. And still a BMW.

[AndreiPopescu]

Originally Posted by ledphut

You again? LOL

The difference is that people pay over sticker for the Urus as most sell before they even hit the lot, and XM buyers get $30K off because they are universally despised and really just test mules for the drivetrain.

Sad but true: The XM won’t even make it to an LCI before it’s shitcanned.

I really wish the XM will never get an LCi and stop being on sale soon. It will become even rarer and more special. But I doubt that, it sells too well.

[NGT2]

Originally Posted by ledphut

You again? LOL

The difference is that people pay over sticker for the Urus as most sell before they even hit the lot, and XM buyers get $30K off because they are universally despised and really just test mules for the drivetrain.

Sad but true: The XM won’t even make it to an LCI before it’s shitcanned.

It will eventually be discontinued and gain a niche following into the future, be a fun collection piece and conversation piece in the garage/driveway.

[Germanauto]

Originally Posted by AndreiPopescu

Here before people start to shit on the XM for having no sales.

The XM sold more in 2023 alone than the Urus has since 2018 till now

Casually ignoring how the Urus is a far more expensive and niche exotic vehicle than the mess that is the XM?

[Bimmerfun82]

Originally Posted by m3cole

Yes BMW bought down market rates for new buyers. Rates 3.99 for prime currently which is best we’ve seen in a while. If the IX was 20k cheaper MSRP people would look at it more favorably. 80-100k is a lot of money for a car that current BMW owners aren’t “farmiliar with”. I saw this a lot at the dealership. Of course it was our MO to sell more and push people in that direction and it worked! The IX is a wonderful car for a stay at home parent with kids that runs around town all day. Road trips though, not so much haha

We didn’t like the iX50 the first time we test drove it, but a few months later we drove the iXM60 and loved it. If it weren’t for the huge discounts and favorable money factor, we wouldn’t have gone for it.

It’s the perfect car for hauling the kids around town. I’ve also been super impressed with the highway range and the rate of charge at EA. There’s a lot to be said for buying one of these over an X5 unless you need to take road trips.

[AndreiPopescu]

Originally Posted by Germanauto

Casually ignoring how the Urus is a far more expensive and niche product than the mess that is the XM?

Then explain how the XM outsold every high performance suv in EU in 2023

[bavarianboar]

Originally Posted by TheBingoBalls

This was always going to be the case. Electric range only takes you so far until other manufacturers come out with car that offer a lot more. Range anxiety continues to be a consideration, but it's not that big of a factor anymore. I don't see Tesla evolving their vehicles that much to offer better build and quality, at least not to the level of the BMW/Audi/Mercedes, for example, but the German OEM's will continue to evolve with battery tech and add the ability to use Tesla chargers, there is more of a compelling case to buy German over a relatively poor quality Tesla with more range.

Just my $0.02.

Agree 100%.

I personally never jumped on the bandwagon of Tesla, I never test drove it either until my buddy bought one and I could borrow it (1000 miles on it), for a week. This was 7-8 years after they started selling a car.

Mind you I was not opposed to electric, I test drove the i3 one month after it first showed up at my go to dealership back in those days.

Marketing swooned the buyers to Tesla and there were people at every block in the city or suburb justifying their Tesla purchases. Lot of Prius and budget car owners suddenly thought they were buying a quality “sports” electric car at a minor price bump. It was a short lived range advantage (as you correctly highlight), that had disappeared with leveled battery tech.

Cyber truck exposes what Tesla does in automotive, and the endless quality issues of all other models that people choose to ignore because they think Tesla is some luxury brand and are filled with confirmation bias.

It’s astonishing at times these things are still running but the used market has been suffering a bit.

Before I get bashed : My opinion is my own, based on a fairly large circle of friends, colleagues, and family mostly fed up with Tesla vehicles, some on the fence and others looking for alternatives at their first opportunity.

Congrats BMW the numbers speak for themselves, 3 series sales are eaten into though, quite clear.

[m3cole]

Originally Posted by Bimmerfun82

We didn’t like the iX50 the first time we test drove it, but a few months later we drove the iXM60 and loved it. If it weren’t for the huge discounts and favorable money factor, we wouldn’t have gone for it.

It’s the perfect car for hauling the kids around town. I’ve also been super impressed with the highway range and the rate of charge at EA. There’s a lot to be said for buying one of these over an X5 unless you need to take road trips.

Agreed 10000%. It was always extremely difficult to sell to a person(s) that didn’t have a gas vehicle in the house. More often than not people Will take a long trip it seems like at least once per year. People always love free charging and discounts but still outweighed by charging on trips. Couple that with the fact that while I was with BMW we had multiple electric cars that ended up being bought back from customers for intense problems related to circuit boards and what not that made some cars unusable for extreme extended periods of time. This was a small number of cars sold, but was still a concern for some buyers. I recon when your family takes trips the x7 is the go to!

[ddavtian]

First table says iX sold 1,122 and 1,415 in Q2 of 2024 and 2023.
Table below says iX sold 3,545 and 4,135.
Annual numbers are matching in 2 tables, quarterly numbers are very different.

Table shows BMW brand sold 30,788 in Q2 of this year and 175,712 YTD 2024. So they sold 145K in Q1, to get the large YTD number???And text below says "In Q2 of 2024 BMW brand sales in the US totaled 91,237 vehicles".

These numbers are so different. Am I missing something? Which numbers are correct? How do you take this report seriously if they report so many different versions.

[Bimmerfun82]

Originally Posted by AndreiPopescu

First table says iX sold 1,122 and 1,415 in Q2 of 2024 and 2023.
Table below says iX sold 3,545 and 4,135.
Annual numbers are matching in 2 tables, quarterly numbers are very different.

Table shows BMW brand sold 30,788 in Q2 of this year and 175,712 YTD 2024. So they sold 145K in Q1, to get the large YTD number???And text below says "In Q2 of 2024 BMW brand sales in the US totaled 91,237 vehicles".

These numbers are so different. Am I missing something? Which numbers are correct? How do you take this report seriously if they report so many different versions.

Wow, you’re right - someone screwed up the numbers. Must have pulled their monthly data for June instead of QTD. I’ve never seen this in their reports. The quarterly iX numbers in the table below are correct along with YTD summary numbers, but quarterly are incorrect in the main table. Expect a correction to be published.

[RigaTony1982]

Originally Posted by ddavtian

First table says iX sold 1,122 and 1,415 in Q2 of 2024 and 2023.
Table below says iX sold 3,545 and 4,135.
Annual numbers are matching in 2 tables, quarterly numbers are very different.

Table shows BMW brand sold 30,788 in Q2 of this year and 175,712 YTD 2024. So they sold 145K in Q1, to get the large YTD number???And text below says "In Q2 of 2024 BMW brand sales in the US totaled 91,237 vehicles".

These numbers are so different. Am I missing something? Which numbers are correct? How do you take this report seriously if they report so many different versions.

lol, you’re right. That top table has to be wrong. There’s no way they sold 5,300 IX in Q1 then only 1,100 in Q2 (to get to the total 6,400) or so.

[Bimmerfun82]

Originally Posted by RigaTony1982

lol, you’re right. That top table has to be wrong. There’s no way they sold 5,300 IX in Q1 then only 1,100 in Q2 (to get to the total 6,400) or so.

Other reports have the right numbers. BMW must have caught it and republished.

[Kennethjk]

Originally Posted by m3cole

Down vote for what?? I worked at the dealer and saw it everyday😭 why would you buy an x5 when you can get 17k off an iX with a sub 3% rate and free charging for 2 years. X5 is higher interest rate and you need to fill it up with gas (increased cost) . Im confused by what you mean

Maybe your comment that BMW is throwing EVs down people’s throats.
Don’t see how that’s happening, you want one, get one, you don’t want one, don’t get one

[swainbmw]

Originally Posted by bavarianboar

People finally realizing there are better choices than model 3 and model

For sure the Tesla look like Pregnant roaches from a Sci-fi movie just ugly

[Gautam]

Originally Posted by AndreiPopescu

Then explain how the XM outsold every high performance suv in EU in 2023

I’m not sure about the marker dynamics in the eu, but most SUVs that you listed are in a vastly different price class from the xm, at least in the us. The Ferrari is nearly 3x, the lambo, Aston and Porsche are 1.5x easily, and all are notorious for dealer markups, g-wagen included. The turbo gt, strictly speaking, is just one trim of many of the cayenne. The x3m is priced closer to a gts. Dealers are struggling to sell the xm at msrp. In fact it’s the only m-car stateside that I’ve never heard of being marked up, and definitely the only one I’ve seen discounted.

Also hardly apples to apples price-wise, but the x7 outsold the xm by almost a factor of 15. The 7 series outsells by it a factor of 5, which is especially unusual since sedans are generally much slower sellers than SUV’s. Those two figures in their own right implies to me that the xm isn’t much of a commercial success. I doubt it even has higher margin for BMW than the 7er.

Anecdotal, I see a lot of nice cars in my area in similar price brackets as the xm. Many 911’s and taycans daily, urus’ and bentagya’s not that rare either. I’ve never seen an xm in person outside of the dealer.

But it’s possible that they’re more of a commercial success outside of North America. I haven’t checked the numbers. There are plenty of other BMW’s that have flopped here that are popular elsewhere.

[Kennethjk]

Originally Posted by m3cole

Agreed 10000%. It was always extremely difficult to sell to a person(s) that didn’t have a gas vehicle in the house. More often than not people Will take a long trip it seems like at least once per year. People always love free charging and discounts but still outweighed by charging on trips. Couple that with the fact that while I was with BMW we had multiple electric cars that ended up being bought back from customers for intense problems related to circuit boards and what not that made some cars unusable for extreme extended periods of time. This was a small number of cars sold, but was still a concern for some buyers. I recon when your family takes trips the x7 is the go to!

I think most of the new EVs from car companies have had some issues up front, Ford, BMW, Tesla etc. seems like most of this has been ironed out by the second model year. My 1st year Mach E had only 1 issue that caused it to be brought in.

I drove the IX 50 from Florida to NY and loved it. Range is great. My go to car for long trips is the IX and not my wife’s X3. Being retired though and all 3 kids have their own kids, time is less an issue for me and being rushed is not in my vocab any more.

EVs are not for everyone. My wife gets concerned when her I Phone battery hits 50%. The reality is it’s fine for the majority of the people (who can charge at home) but you do have to plan differently and have backup plans just in case.

Location is also an issue. Driving on 95 from Florida to NY is just not an issue, fast chargers everywhere. I know when I drove to Maine last year chargers are more spread out, I didn’t take my Mach E, took the X3, didn’t have the IX at that time.

If the Macan EV had been out for a year or 2 I would have jumped on that but the IX although a bit bigger than I like is just a great car.

[m3cole]

Originally Posted by Kennethjk

I think most of the new EVs from car companies have had some issues up front, Ford, BMW, Tesla etc. seems like most of this has been ironed out by the second model year. My 1st year Mach E had only 1 issue that caused it to be brought in.

I drove the IX 50 from Florida to NY and loved it. Range is great. My go to car for long trips is the IX and not my wife’s X3. Being retired though and all 3 kids have their own kids, time is less an issue for me and being rushed is not in my vocab any more.

EVs are not for everyone. My wife gets concerned when her I Phone battery hits 50%. The reality is it’s fine for the majority of the people (who can charge at home) but you do have to plan differently and have backup plans just in case.

Location is also an issue. Driving on 95 from Florida to NY is just not an issue, fast chargers everywhere. I know when I drove to Maine last year chargers are more spread out, I didn’t take my Mach E, took the X3, didn’t have the IX at that time.

If the Macan EV had been out for a year or 2 I would have jumped on that but the IX although a bit bigger than I like is just a great car.

Yea IX is a wonderful size. As big as an x7 but only 2 rows gives amazing leg room and good sized trunk. Time is everything for us on trips and that’s why IX isn’t a good option. If you have time and are not rushed stopping a few hours for 20-40 minutes is probably nice !

[Kennethjk]

Originally Posted by m3cole

Yea IX is a wonderful size. As big as an x7 but only 2 rows gives amazing leg room and good sized trunk. Time is everything for us on trips and that’s why IX isn’t a good option. If you have time and are not rushed stopping a few hours for 20-40 minutes is probably nice !

We stopped every 3 hours or so, needed the bathroom break anyway and never spent more the 20-30 minutes charging, ate during the charge and away we went. Did not waste much time but didn’t have 3 screaming lunatics (my kids) in the car either.

[m3cole]

Originally Posted by Kennethjk

Maybe your comment that BMW is throwing EVs down people’s throats.
Don’t see how that’s happening, you want one, get one, you don’t want one, don’t get one

The massive amounts on EVs on dealer lots and production would dictate otherwise. BMW has a goal to have 50% of sales be EV by whatever year. That’s means coercing people into EVs that don’t necessarily want them. You can make something sensible for someone based on how you spin it. “Charging on road trips is great, every few hours you can jump out and stretch your legs for a bit!” Vs “your forced to stop for 30 minutes ever few hundred miles because you can’t fill the tank and keep trucking along”. There are sales goals for these companies when it comes to EVs, that’s why they offer extremely low interest rates for the time where in, 5 digit “incentives” and discounts, free charging. You don’t get that on regular ICE cars for a reason. Imagine if they gave you a gas card you could use for 2 whole years with the purchase do your new x5 m60, along with 15k off, vs a 90k electric car with no free charging and a minimal discount. The x5 m60 all the sudden seems to be a little more affordable and makes a little more sense.

[m3cole]

Originally Posted by Kennethjk

We stopped every 3 hours or so, needed the bathroom break anyway and never spent more the 20-30 minutes charging, ate during the charge and away we went. Did waste much time but didn’t have 3 screaming lunatics (my kids) in the car either.

It makes great sense for you then! That would be a hard sale on a family with 2-3 little ones. As I get a little older I don’t mind the stops as much, easier on the back and legs