03-25-2020, 03:41 PM | #1 |
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BMW to Shut Down US Spartanburg Factory For 2 Weeks | UPDATE: Extended through April
Featured on BIMMERPOST.com BMW to shutter for two weeks; local economists speculate on impact https://www.goupstate.com/news/20200...late-on-impact
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03-25-2020, 05:49 PM | #2 |
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Surprised they kept it open for this long.
Biggest exporter will be back Thanks for sharing! |
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clee1982797.50 NorCalAthlete3200.00 |
03-25-2020, 06:06 PM | #3 | |
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03-25-2020, 06:07 PM | #4 |
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Now, let's see those X5 lease prices come down
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03-25-2020, 06:15 PM | #5 |
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03-25-2020, 06:24 PM | #6 | ||
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Hope to see some good deals to get the momentum moving Quote:
For safety reason I can't agree more for decisions like that. Stay safe folks!!!
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03-25-2020, 06:31 PM | #7 |
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It might actually go up if demand stays the same, since supply will be low.
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03-25-2020, 06:38 PM | #8 |
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Demand will significantly drop more compared to supply.
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03-25-2020, 06:42 PM | #9 |
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It might. The issue then is, dealers that typically give heavy discounts on their cars and sell them "at a loss" do it because they get kickbacks from BMW NA for the number of cars sold, even if they made no money on them. With demand being down and less people buying, the dealers will truly have no reason to sell cars at a loss because they won't get any volume incentives/kickbacks from BMW NA. So each loss on a car will truly be a loss. I don't think dealers can afford to do that. They may just wait the storm and sell the same cars for an actual profit when demand is back up.
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03-25-2020, 07:47 PM | #10 | |
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03-25-2020, 08:38 PM | #11 | |
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03-25-2020, 09:14 PM | #12 |
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Considering Comscore shows new car sales in USA down 25% Year over Year (2019 to 2020) March 1st to March 15th (before the REAL shutdown and Trump's 14 day Stay at Home), you ain't seen nothing yet with the economic uncertainty showing itself (not to mention the unemployment numbers that come out Thursday morning).
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03-25-2020, 09:36 PM | #13 | |
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Stay safe everyone! |
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03-25-2020, 10:31 PM | #14 |
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03-25-2020, 10:35 PM | #15 | |
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It was a front page news article last week on this forum, but was taken down. :
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03-25-2020, 11:16 PM | #16 |
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I don't think you will see low prices, yet.
If this drags on for an other 8 months, you might see dealers relent. However, I think most of the economic damage will be over with by the end of the summer and business as usual after. I think dealers have time to sit on these cars. If it were November, it may be a different story.
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03-25-2020, 11:16 PM | #17 |
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yup, makes sense though at this time
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03-26-2020, 07:43 AM | #21 |
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The dealers can't just sit on inventory for 4 months, pay salaries and hope for a recovery. Two reasons to buy a vehicle right 1) you're in a lease or 2) you get a smoking deal.
My local dealer is sitting on 35 - X7's and 33 - X5's, and I'd consider Annapolis a small market. Not to mention, in ~5 months you'll be able to order a 2021. I think dealers will want to move inventory and I think deals will be had. Just my opinion but I think people have rosy colored glasses on when it comes to the economic impact this is causing. |
03-26-2020, 08:09 AM | #22 | |
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