BMW to Shut Down US Spartanburg Factory For 2 Weeks

Miko M · 03-25-2020, 03:41 PM

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Starting March 29- April 12

BMW to shutter for two weeks; local economists speculate on impact

https://www.goupstate.com/news/20200...late-on-impact

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M3 MT · 03-25-2020, 05:49 PM

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

antzcrashing · 03-25-2020, 06:06 PM

Quote:

Originally Posted by M3 MT

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

SC has had less cases then other places:

https://www.theguardian.com/world/ng...state-by-state

F80NJM3 · 03-25-2020, 06:07 PM

Now, let's see those X5 lease prices come down

M3 MT · 03-25-2020, 06:15 PM

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

If mine work stays open I would consider getting X3M

Unfortunately it looks scary, going home next week without pay

Miko M · 03-25-2020, 06:24 PM

Quote:

Originally Posted by M3 MT

Surprised they kept it open for this long.

Biggest exporter will be back

Thanks for sharing!

Hope it will be only 2 weeks

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

Hope to see some good deals to get the momentum moving

Quote:

Originally Posted by M3 MT

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

If mine work stays open I would consider getting X3M

Unfortunately it looks scary, going home next week without pay

I make a lots of Automotive parts and it's unfortunately dead slow now and manufacturing Companies are closing too.

For safety reason I can't agree more for decisions like that.

Stay safe folks!!!

bluzbra · 03-25-2020, 06:31 PM

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

It might actually go up if demand stays the same, since supply will be low.

Ibiza · 03-25-2020, 06:38 PM

Quote:

Originally Posted by bluzbra

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

It might actually go up if demand stays the same, since supply will be low.

Demand will significantly drop more compared to supply.

bluzbra · 03-25-2020, 06:42 PM

Quote:

Originally Posted by Ibiza

Quote:

Originally Posted by bluzbra

Quote:

Originally Posted by F80NJM3

Now, let's see those X5 lease prices come down

It might actually go up if demand stays the same, since supply will be low.

Demand will significantly drop more compared to supply.

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.

Ibiza · 03-25-2020, 07:47 PM

Quote:

Originally Posted by bluzbra

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.

BMW NA is giving full 5% AVP through June and $1,000 incentive aka extra trunk money. I have been leasing BMW's for the past 15 years, even during the Great Recession, and still received bare bottom pricing. Customers leasing/purchasing vehicles at $100,000 + will generate significant AVP revenue for the dealership. It's the entry level models that will be tough to discount.

Pauleebe · 03-25-2020, 08:38 PM

Quote:

Originally Posted by antzcrashing

SC has had less cases then other places:

https://www.theguardian.com/world/ng...state-by-state

Confirmed cases*

IK6SPEED · 03-25-2020, 09:14 PM

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).

TheM3Boy · 03-25-2020, 09:36 PM

Quote:

Originally Posted by IK6SPEED

Considering Comscore showed 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).

Couldn't agree more! The worst is yet to come!
Stay safe everyone!

Transfer · 03-25-2020, 10:31 PM

Quote:

Originally Posted by Ibiza

BMW NA is giving full 5% AVP through June and $1,000 incentive aka extra trunk money.

Through June? Source?

Edit: Nevermind now i see. Is that 5% of sales price on every sold vehicle or some other 5%?

Ibiza · 03-25-2020, 10:35 PM

Quote:

Originally Posted by Transfer

Quote:

Originally Posted by Ibiza

BMW NA is giving full 5% AVP through June and $1,000 incentive aka extra trunk money.

Through June? Source?

Here is the autonews article: https://www.autonews.com/dealers/bmw...na-dealerships

It was a front page news article last week on this forum, but was taken down.

:

mjr24 · 03-25-2020, 11:16 PM

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.

GOLFFRR · 03-25-2020, 11:16 PM

yup, makes sense though at this time

Aliabd91 · 03-26-2020, 01:56 AM

My X5M has been already production on 21 of March

I waiting to be shipped to UAE
😢😢😢

Poochie · 03-26-2020, 02:47 AM

I didn't even realized they actually stayed open.. I guess them officially closing is news..

x5mannn · 03-26-2020, 07:25 AM

Quote:

Originally Posted by Poochie

I didn't even realized they actually stayed open.. I guess them officially closing is news..

Can they use the time to make the grills smaller please?

bjcarls · 03-26-2020, 07:43 AM

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.

Miko M · 03-26-2020, 08:09 AM

Quote:

Originally Posted by bjcarls

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.

Many people have lost their jobs already and no matter how good the deal is things won't sell unless you are financially secure

03-25-2020, 03:41 PM	#1
Miko M ///M 6720 Rep 3,683 Posts Drives: 2020 M2C. 2020 X3M Join Date: May 2018 Location: Wisconsin iTrader: (0)	BMW to Shut Down US Spartanburg Factory For 2 Weeks \| UPDATE: Extended through April Featured on BIMMERPOST.com Starting March 29- April 12 BMW to shutter for two weeks; local economists speculate on impact https://www.goupstate.com/news/20200...late-on-impact __________________ Life is too short...enjoy your life ///M
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03-25-2020, 05:49 PM	#2
M3 MT Private 65 Rep 88 Posts Drives: M3 Join Date: Dec 2019 Location: IL iTrader: (0)	Surprised they kept it open for this long. Biggest exporter will be back Thanks for sharing!
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03-25-2020, 06:07 PM	#4
F80NJM3 Colonel 1949 Rep 2,174 Posts Drives: F80 M3 Join Date: Aug 2011 Location: NJ/NY iTrader: (0) Garage List 2015 BMW M3 F80 [10.00] 2012 BMW F10 535XI [0.00] 2006 Porsche Cayenne [0.00]	Now, let's see those X5 lease prices come down __________________ http://f80.bimmerpost.com/forums/sho....php?t=1270333 Follow Instagram : F80AWM3
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03-25-2020, 09:14 PM	#12
IK6SPEED Banned 4587 Rep 10,464 Posts Drives: BMW M3 / AH3 Join Date: Jan 2013 Location: Cali iTrader: (23)	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, 11:16 PM	#16
mjr24 Brigadier General 2756 Rep 3,182 Posts Drives: 25 X7, 24 I7, 88 325i Cabrio Join Date: Mar 2008 Location: Wisconsin iTrader: (0)	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. __________________ 2025 X7 40i, 2024 I7 60i, 2022 M8 Comp GC, 2021 AMG GT53, 2022 X5M Competition, 2021 X7 40i, 2019 M5, 2018 M550I, 2017 Audi Q7, 2014 M6 GC, 2013 Mercedes CLS550, 2011 750LI, 2008 M6 Cabrio, 2008 Porsche Cayenne S, 2004 Mercedes SL55 AMG, 2003 Mercedes SL500, 2000 Mercedes CL500, 1993 Lexus SC400, 1989 525i, 1985 318i
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03-25-2020, 11:16 PM	#17
GOLFFRR 12541 Rep 29,052 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to ALL US states iTrader: (4)	yup, makes sense though at this time __________________ CURRENT DEALS,ALWAYS UPDATED! CLICK HERE! FOR ALL SALES:david@bmwdavid.com Cell:202-262-2900 vipfinance@bmwofcamarillo.com for WARRANTIES!
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03-26-2020, 01:56 AM	#18
Aliabd91 Private First Class 254 Rep 186 Posts Drives: X5 M F95 Join Date: Sep 2019 Location: UAE iTrader: (0)	My X5M has been already production on 21 of March I waiting to be shipped to UAE 😢😢😢
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03-26-2020, 02:47 AM	#19
Poochie Luxury at the redline :) 9097 Rep 7,561 Posts Drives: 2016 M2 Join Date: Aug 2012 Location: NYC iTrader: (3)	I didn't even realized they actually stayed open.. I guess them officially closing is news..
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03-26-2020, 07:43 AM	#21
bjcarls Lieutenant 485 Rep 586 Posts Drives: 22 R1S, 23 Z07 Join Date: Oct 2015 Location: Hog Country iTrader: (0)	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.
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