This should provide at least some support for IX secondary market pricing this month. And were the last 2 month’s programs a result of it being EOY, or just the timing of the stop-sale and inventory build-up? Curious what inventory levels look like now for IX.
Or any EV for that matter. The tech is still in the very early stages of the game.
Jan’s program is out. Buy rate MF is back up to 0.00111 from 0.0005. RV’s are down 1% from Dec. $9900 lease rebate still remains.
Monthly payments have gone up by about $100/month since Dec i.e. a close to $4000 increase in TCO over a 3 year lease.
Since you put it in those terms, that shows just how unsustainable it was to keep that program going.
As much as we love a steal, Let’s take a moment to be real: The iX shouldn’t be cannibalizing X3 sales.
So far BMW appears to have taken the path least likely to crash resale values like some other manufacturers have.
EV offerings would be cannibalizing the sales of their ICE counterparts, regardless. That might not be the reason for reverting to the old program. Perhaps the iX supply-demand balance + margin considerations drove that decision, along with the likely scenario that the Nov and Dec programs were put in place to ensure that BMWNA hits their BEV sales targets for 2023. BEVs accounted for 13.3% - an increasingly significant number - of Q4 sales for BMWNA. I wasn’t tracking the programs for the rest of the BMW i range - were the terms similarly attractive?
i4 were still selling well however those limited time iX programs certainly created a few cases where it was cheaper or at least on par to lease a $25,000 more expensive car.
i5 so far have done well with loyalty clients. i7 still needs a little help IMHO. Perhaps a rate buydown will get those moving a bit more sustainably.
1 Like
So well they were the only program to improve in Jan?
The X3 is pretty expensive for what it is.
1 Like
Also, according to this post, the iX seemed to cannibalize X5 and X6 sales more than it did X3 sales in Q4, although the drop in X5 and X6 sales shouldn’t be attributed solely to the jump in iX sales.
For those of us who had the foresight to adjust i4 pricing to counter the limited iX programs, yes. Even then we probably dealer traded for no less than a dozen iX to deliver in Dec and Jan.
The new fleet/loyalty incentive will aid those who weren’t so quick on the draw.
Only better for loyalty’s. Nothing for us non loyals 
Fleet too.
unless they dial up the incentives on the EQS even more
Welp EQS fleet is $9,500 now.
Used IX’s are on the dealer lot for a long time…maybe this will help them move those.
But only if you can find a remaining 2023 model.
1 Like
Dealer near me has 15 on the lot, half SUV half sedan, so probably not a huge problem.
I know what I got
2 Likes
Does a bmw app approval from last month lock in the MF and deal?
It is if thats what you applied for and didn’t use that approval for any other vehicles.
1 Like
Ok thank you