Received a lot of offers from dealers

[drvai]

Hi to everyone.

Still waiting for an allocation.

The thing is that before I made the deposit on my current dealer I visited other of them looking for the best sport. Today I received emails from the 3 of them offering the car. Coupes already ordered (on the showroom or on their way) or cars on their way. 2 of them had 2 cars available and also offered sedans to-order immediately.

What's up? They are selling for MRSP and the car was just launched during the weekend, I though they were going to sell the cars as fast as hell, specially in fort Lauderdale (people with money). The miami-area dealers are asking for a premium and also seems that they haven't been able to sell the car.


Very interesting. Any comments?

[rvacha]

My guesses:

1. Nationwide credit crunch
2. Unfavorable lease numbers
3. Rising fuel prices
4. Uncertain economic forecast (but hard to see any upside any time soon)

[e92OMG]

Ive gotten about 4 emails from dealers all across FL! there was no point in putting a deposit for a car if you ordered manuel. lol

[BMW3R]

As I said in another post that I allegedly "thread jacked"....

The dealer I am working with has two cars sitting at their lot that need buyers. They are looking at upcoming allocations that have no buyers. The dealer let me know that if I knew anyone who wanted an M3, to have them call and spread the word of the availability.

I am amazed that a few month ago we were complaining of waiting lists and deposits. I personally had placed a refundable $2,000 deposit at the dealer. At the time I was told there were 20 buyers on the list. What happened to the 20 buyers?? This whole thing seems almost reminiscent of the Playstation 3 release where buyers were given a sense of "shortage" which caused a rush to buy. Now the PS3 prices are down over $100 and units are sitting on the shelf.

Other factors such as high lease rates, crumbling housing market, falling stock market and interest rate fluctuations have given consumers reason to be cautious, especially when looking at big purchases. I imagine that by the time the sedan w/DCT is available, gas prices will have peaked for the summer at over $4.00/gallon which will really hurt consumers.

For me, this means that I may have an even better pricing in June/July!

[nusevad]

Originally Posted by rvacha

My guesses:

1. Nationwide credit crunch
2. Unfavorable lease numbers
3. Rising fuel prices
4. Uncertain economic forecast (but hard to see any upside any time soon)

ugh dont remind me...

[timsev]

as of right now, there are 248 M3 coupes on dealer lots right now that are not sold in the US. I figured after this past weekend there would be 0.

[drvai]

Originally Posted by timsev

as of right now, there are 248 M3 coupes on dealer lots right now that are not sold in the US. I figured after this past weekend there would be 0.

But what about the allocations? A lot of cars in the lots, but my dealer says the allocations are very limited. What's happening?

[Epacy]

Originally Posted by timsev

as of right now, there are 248 M3 coupes on dealer lots right now that are not sold in the US. I figured after this past weekend there would be 0.

Wow. All those launch cars?
Must be all the markups.

Maybe I should call around. Any dealers with IB and ext silver?

[rvacha]

Originally Posted by BMW3R

For me, this means that I may have an even better pricing in June/July!

I sorta doubt that. I think BMW came out swinging with its M3 pricing knowing that:
1. They wanted to sell 100K of them
2. There's more competition than ever before
3. They knew the US economy was weakening

The problem is that not only did they start out pricing aggressively but the Euro continues to gain strength against the Dollar on a daily basis so every day they make less money on sales in the US. Additionally the Fed has made it clear that it intends to lower interest rates as needed to prop up credit instruments. This will cause the Dollar to fall even more. This will make it extremely difficult for BMW to reduce pricing here

Now I will risk a thread jacking by throwing out my take on the poor lease package we've seen. It is important to remember that during a lease BMW still owns the car. Obviously once the lease is over the car is worth less due to depreciation. BMW, however, is forced to deal with another sticky problem - the devaluation of the Dollar. This means the car that BMW has to unload after the lease is over is worth way less in Euros than normal depreciation alone would dictate. While some have thought the lease package was essentially of vote of no confidence in its own product, I don't believe that is the case. I believe BMW is basically voting no confidence in the Dollar

[rvacha]

Originally Posted by drvai

But what about the allocations? A lot of cars in the lots, but my dealer says the allocations are very limited. What's happening?

I'm guessing BMW really, really wants to sell what it's got insteaad of risking more unsold inventory

[nusevad]

Originally Posted by rvacha

I believe BMW is basically voting no confidence in the Dollar

I agree too, its hard to be optimistic right now. What worries me is how long this recession is going to last and how much worse it can get.

[rvacha]

Originally Posted by rvacha

My guesses:

1. Nationwide credit crunch
2. Unfavorable lease numbers
3. Rising fuel prices
4. Uncertain economic forecast (but hard to see any upside any time soon)

I really should throw in M-DCT as reason #5. I think a lot of potential customers are holding out for this, but the question is how many? And will they belly up to the bar and actually purchase one?

[timsev]

Originally Posted by drvai

But what about the allocations? A lot of cars in the lots, but my dealer says the allocations are very limited. What's happening?

there are 232 open allocations as of right now, including customer sold cars.

[rvacha]

Originally Posted by FifthStreetz

I agree too, its hard to be optimistic right now. What worries me is how long this recession is going to last and how much worse it can get.

I think we'll see later this week it can and will get a lot worse

[nusevad]

Originally Posted by rvacha

I think we'll see later this week it can and will get a lot worse

Ive heard ppl sayin Citigroup and BofA possibly going into default.

[Epacy]

BofA is looking to buy Countrywide, while we are massively OT...

[drvai]

Originally Posted by timsev

there are 232 open allocations as of right now, including customer sold cars.

I confused
So you are saying that I should be able to order a car right now?

Seems that sedans have much less demand vs coupes.

[timsev]

that 232 number is including sold cars, but give me a sec and I'll look up dealers in your area.

[timsev]

okay, there are two coupes going to Braman BMW that are not sold yet. they are in 111 status so you can still modify them to your specs. Get on that!

[darietta]

timsev, is it possible you can check if there are any M-DCT M3 coupe available for delivery in April (as soon as possible) in the IL, MI, IN area

thanks

[Epacy]

Originally Posted by darietta

timsev, is it possible you can check if there are any M-DCT M3 coupe available for delivery in April (as soon as possible) in the IL, MI, IN area

thanks

Why would you need that information? According to your avatar, you already drive a 2008 M3.

[Jack's dad]

Originally Posted by rvacha

My guesses:

1. Nationwide credit crunch
2. Unfavorable lease numbers
3. Rising fuel prices
4. Uncertain economic forecast (but hard to see any upside any time soon)

I agree, and added to that the economy in the short term is worse here in FL where the housing meltdown is particularly acute. I am not surprised that M3's are sitting - the same is true of Porsche's as well...