If you're looking to buy yourself a new Bimmer soon, do it quickly, before January 1st rolls around. Effective on the first day of the year, BMW will raise the prices of its vehicles by an average of .7 percent, according to a press release issued Monday.
BMW has been one of the most profitable car companies in the world in recent years, but the current economic downturn has not spared the premium brand. Sales are down 12 percent through November compared with the same period last year.
All BMW nameplates are down, and the company has moved only 11,097 units of the new 1-Series coupe and convertible and just 4,116 examples of the X6 "sport activity coupe" through November. A price increase across the board of less than 1 percent seems a small price to pay for the financial carnage engulfing the automotive world.
Prices for the new-for-2009 BMW 7-Series pricing was also announced in the press release. The new flagship will set customers back $81,125 for 750i or $85,025 for the 750Li, including destination and handling charges. That's $3,500 more than the 2008 750i and $4,300 more than the 2008 750Li. The 760Li sedan does not continue for 2009.
Production of the 2009 7-Series models began back in November, and BMW says the sedan should be available in the spring. For more information regarding the brand new 7-series, check out our reviews of the 750i and 750Li.