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      09-02-2018, 10:28 PM   #1
freezey
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300+ sitting on lots

Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
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      09-02-2018, 11:46 PM   #2
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Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
True. I started casually looking in June and most of the cars I saw then are still for sale.
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      09-03-2018, 12:07 AM   #3
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Interestingly, there are only 130 M550i out there, but over 350 M5. I think one reason is that BMW has been building more M5 cars than M550i cars recently.

The M5 aren't selling as well as I expected. The lease terms are bad on the 2019, but not on the 2018, so that doesn't explain why the 2018 aren't selling. I think part of the reason is that dealers have been reluctant to discount them so far. Also, I think the market for very expensive non-electric sedans has been shrinking. Some people migrated to SUVs, and many migrated to Tesla Model S, particularly in CA which used to be a big market for high-end German sedans.
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      09-03-2018, 01:15 AM   #4
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Yep dealers are sitting in these cars for a looong time. On non comp cars there are deals to be had. One SoCal dealer trying to move 3 cars below invoice
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      09-03-2018, 01:39 AM   #5
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How do you search? I tried using Autotrader but can't separate the Comp cars from the non-comp.
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      09-03-2018, 08:08 AM   #6
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Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
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      09-03-2018, 08:53 AM   #7
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Quote:
Originally Posted by felixleasing View Post
Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
Not sure what site you are using but cars.com shows way more than that.
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      09-03-2018, 08:57 AM   #8
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Quote:
Originally Posted by freezey View Post
Quote:
Originally Posted by felixleasing View Post
Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
Not sure what site you are using but cars.com shows way more than that.
I am a car broker. I have access to a nationwide locator.
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      09-03-2018, 09:17 AM   #9
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Quote:
Originally Posted by felixleasing View Post
Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
Cars.com shows 351 2018-2019 BMW M5s. I think the point is that with 2019s on the lot next to 2018s I would expect to pay at or below invoice plus incentives on the 2018s.
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      09-03-2018, 09:19 AM   #10
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Quote:
Originally Posted by johnm550 View Post
Quote:
Originally Posted by felixleasing View Post
Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
Cars.com shows 351 2018-2019 BMW M5s. I think the point is that with 2019s on the lot next to 2018s I would expect to pay at or below invoice plus incentives on the 2018s.
I miss-read

I was referring to 2018 only. I agree with you in general. Unfortunately they don't. Tomorrow is a big day. Let's see what the programs look like
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      09-03-2018, 09:48 AM   #11
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Quote:
Originally Posted by johnm550 View Post
Quote:
Originally Posted by felixleasing View Post
Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
What year m5s are you referring to?

There are 113 2018 m5s left in the country
Cars.com shows 351 2018-2019 BMW M5s. I think the point is that with 2019s on the lot next to 2018s I would expect to pay at or below invoice plus incentives on the 2018s.
There are a less than a handful of dealers going below invoice on the 2018. Just depends how stubborn some are.
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      09-03-2018, 01:53 PM   #12
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There are a less than a handful of dealers going below invoice on the 2018. Just depends how stubborn some are.
In comparison to Merc this is a little surprising. My family generally gets about $8k-$10k off our leases ('18 E400 Edition 1 and '18 E63s AMG). With how many M5s are sitting on the lot you would think to at least see similar discounts but i guess thats how they keep their profit margin so big
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      09-03-2018, 03:43 PM   #13
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There are a less than a handful of dealers going below invoice on the 2018. Just depends how stubborn some are.
In comparison to Merc this is a little surprising. My family generally gets about $8k-$10k off our leases ('18 E400 Edition 1 and '18 E63s AMG). With how many M5s are sitting on the lot you would think to at least see similar discounts but i guess thats how they keep their profit margin so big
What everyone seems to forget is that the consumer is ultimately in full control of prices. If everyone waits and does not accept these ridiculous prices the manufacturer is forced to lower prices or stop output. The later is unlikely. I personally WANT a 2019 Competition M5, I have other cars and therefore don't NEED one. Just be patient. (The other school of thought is you only live once so get what you want when you want. These are usually the clients that come to me at 65 wondering why they don't have $10m saved like their friends and have no way to retire and continue their lifestyle)
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      09-03-2018, 04:27 PM   #14
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Quote:
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What everyone seems to forget is that the consumer is ultimately in full control of prices. If everyone waits and does not accept these ridiculous prices the manufacturer is forced to lower prices or stop output. The later is unlikely. I personally WANT a 2019 Competition M5, I have other cars and therefore don't NEED one. Just be patient. (The other school of thought is you only live once so get what you want when you want. These are usually the clients that come to me at 65 wondering why they don't have $10m saved like their friends and have no way to retire and continue their lifestyle)
If a few thousand dollars of a price break on a six-figure car make any kind of a meaningful difference in a person's finances, then they shouldn't be buying such cars to begin with... Not buying such cars can make a big financial difference. Saving a few thousand bucks on them can't. It's like worrying about fleas on a dog that was hit by a bus.
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      09-03-2018, 05:57 PM   #15
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Quote:
Originally Posted by visualguy View Post
Quote:
Originally Posted by johnm550 View Post
What everyone seems to forget is that the consumer is ultimately in full control of prices. If everyone waits and does not accept these ridiculous prices the manufacturer is forced to lower prices or stop output. The later is unlikely. I personally WANT a 2019 Competition M5, I have other cars and therefore don't NEED one. Just be patient. (The other school of thought is you only live once so get what you want when you want. These are usually the clients that come to me at 65 wondering why they don't have $10m saved like their friends and have no way to retire and continue their lifestyle)
If a few thousand dollars of a price break on a six-figure car make any kind of a meaningful difference in a person's finances, then they shouldn't be buying such cars to begin with... Not buying such cars can make a big financial difference. Saving a few thousand bucks on them can't. It's like worrying about fleas on a dog that was hit by a bus.
I don't disagree however it's the curse of my profession. As managing partner of a national tax and financial planning firm our mission is to make sure clients maximize every penny available to meet their goals. Maximizing time and money is why people pay us so overpaying for anything is not acceptable. It's all relative. We have clients who don't care about the price, they want what they want when they want it. It's our job to negotiate on their behalf and protect them from themselves. My point was if everyone walked in to the dealer and said yes to $2,000/mth for a Competition M5 that's money wasted that could have been used for other things such as savings, vacations, charitable donations, etc. Most people waste money at an alarming rate. I would rather wait until lease prices were around $1500/mth which I believe to be reasonable and use the $500 toward something else. The idea is maximize your money with out wasting your time. I wouldn't waste an hour trying to save $100, however if spending an hour per month to read some news about residuals, etc to save $500/mth for 36 months, I'm ok with that. Either way, to each their own. I'm confident I'll have the M5 Comp at the price I want in a few months. Good luck to all of those looking to get a M5!!!!
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      09-03-2018, 06:29 PM   #16
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I totally agree. Why should I give them an extra $300-$500 a month. I'll wait a few months until residual is back up.
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      09-03-2018, 06:50 PM   #17
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Quote:
Originally Posted by visualguy View Post
Quote:
Originally Posted by johnm550 View Post
What everyone seems to forget is that the consumer is ultimately in full control of prices. If everyone waits and does not accept these ridiculous prices the manufacturer is forced to lower prices or stop output. The later is unlikely. I personally WANT a 2019 Competition M5, I have other cars and therefore don't NEED one. Just be patient. (The other school of thought is you only live once so get what you want when you want. These are usually the clients that come to me at 65 wondering why they don't have $10m saved like their friends and have no way to retire and continue their lifestyle)
If a few thousand dollars of a price break on a six-figure car make any kind of a meaningful difference in a person's finances, then they shouldn't be buying such cars to begin with... Not buying such cars can make a big financial difference. Saving a few thousand bucks on them can't. It's like worrying about fleas on a dog that was hit by a bus.
I agree to a certain point. I like the car but I absolutely know it's not worth what they are asking.

These things drop like a rock a year or two in terms of value. BMW also always drops pants on these cars after a few months. If it was always a consistent 1700/mo than thats what the car is worth forever and always, don't lease for 1700 one month and 3 months later lease for 1100.

For 2200 a month you are in a completely different ball game and it should be expected. I am in the middle of looking at a 720s for a garage car and know it costs what it costs because the dealership is always consistent.
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      09-04-2018, 11:37 AM   #18
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I have my SA calling me almost every week to try and get me into one of their 3+ F90s sitting in their lot. Its brutal out there for them.

Still not making the move to an F90 yet. Maybe next year for the LCI.

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      09-04-2018, 01:54 PM   #19
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Quote:
Originally Posted by freezey View Post
Did a quick search and noticed 300+ M5's sitting in lots out there. Every dealer I talk to they are flying off the shelves but it doesn't seem that way. BMW needs to fix the program and discounts so these cars start moving. The F10 release wasn't as bad as this.
I think the main reason is that BMW announced Competition package the same year this time. A lot of potential buyers are just waiting for the 19' comp.
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      09-04-2018, 03:11 PM   #20
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as of today on autotrader

18:184
19:132
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      09-04-2018, 05:29 PM   #21
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2018 M5 Availability

As of 5 minutes ago there were 192 2018 M5s sitting on dealers lots nationally. This did not include cars marked P1 (sold). Over 50% are in the Western region, the Eastern region has 35, Central region 21. Another noteworthy item is the vast majority 90+%, have been on the ground less than 2 weeks.
I'm having a hard time seeing how the cars have not had a pretty successful launch?
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      09-04-2018, 09:03 PM   #22
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Quote:
Originally Posted by johnm550 View Post
Quote:
Originally Posted by visualguy View Post
Quote:
Originally Posted by johnm550 View Post
What everyone seems to forget is that the consumer is ultimately in full control of prices. If everyone waits and does not accept these ridiculous prices the manufacturer is forced to lower prices or stop output. The later is unlikely. I personally WANT a 2019 Competition M5, I have other cars and therefore don't NEED one. Just be patient. (The other school of thought is you only live once so get what you want when you want. These are usually the clients that come to me at 65 wondering why they don't have $10m saved like their friends and have no way to retire and continue their lifestyle)
If a few thousand dollars of a price break on a six-figure car make any kind of a meaningful difference in a person's finances, then they shouldn't be buying such cars to begin with... Not buying such cars can make a big financial difference. Saving a few thousand bucks on them can't. It's like worrying about fleas on a dog that was hit by a bus.
I don't disagree however it's the curse of my profession. As managing partner of a national tax and financial planning firm our mission is to make sure clients maximize every penny available to meet their goals. Maximizing time and money is why people pay us so overpaying for anything is not acceptable. It's all relative. We have clients who don't care about the price, they want what they want when they want it. It's our job to negotiate on their behalf and protect them from themselves. My point was if everyone walked in to the dealer and said yes to $2,000/mth for a Competition M5 that's money wasted that could have been used for other things such as savings, vacations, charitable donations, etc. Most people waste money at an alarming rate. I would rather wait until lease prices were around $1500/mth which I believe to be reasonable and use the $500 toward something else. The idea is maximize your money with out wasting your time. I wouldn't waste an hour trying to save $100, however if spending an hour per month to read some news about residuals, etc to save $500/mth for 36 months, I'm ok with that. Either way, to each their own. I'm confident I'll have the M5 Comp at the price I want in a few months. Good luck to all of those looking to get a M5!!!!
Perfectly described. I was a little peeved that my Individual order was delayed until Nov 18, but this might buy some time to see if the residuals improve. Let's see who blinks first; I don't want to dish out the extra hundreds per month even if I can.
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