Bimmerpost
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums General BMW News and Cars Discussion BMW to Shut Down US Spartanburg Factory For 2 Weeks

Post Reply
 
Thread Tools Search this Thread
      03-25-2020, 03:41 PM   #1
Miko M
///M
Miko M's Avatar
United_States
5641
Rep
3,398
Posts

Drives: 2020 M2C. 2020 X3M
Join Date: May 2018
Location: Wisconsin

iTrader: (0)

BMW to Shut Down US Spartanburg Factory For 2 Weeks

BIMMERPOST
     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


Name:  Screen Shot 2020-03-25 at 3.02.24 PM.png
Views: 3341
Size:  2.33 MB

Name:  01585168880.jpeg
Views: 3424
Size:  421.2 KB
__________________
Life is too short...enjoy your life
///M
Appreciate 3
      03-25-2020, 05:49 PM   #2
M3 MT
Private
68
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!
Appreciate 2
      03-25-2020, 06:06 PM   #3
antzcrashing
Colonel
antzcrashing's Avatar
United_States
582
Rep
2,065
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by M3 MT View Post
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
Appreciate 1
M3 MT67.50

      03-25-2020, 06:07 PM   #4
F80NJM3
Colonel
F80NJM3's Avatar
United_States
1754
Rep
2,142
Posts

Drives: F80 M3
Join Date: Aug 2011
Location: NJ/NY

iTrader: (0)

Garage List
Now, let's see those X5 lease prices come down
__________________
Appreciate 3
GuyOh259.50
JTO242495.50

      03-25-2020, 06:15 PM   #5
M3 MT
Private
68
Rep
88
Posts

Drives: M3
Join Date: Dec 2019
Location: IL

iTrader: (0)

Quote:
Originally Posted by F80NJM3 View Post
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
Appreciate 0
      03-25-2020, 06:24 PM   #6
Miko M
///M
Miko M's Avatar
United_States
5641
Rep
3,398
Posts

Drives: 2020 M2C. 2020 X3M
Join Date: May 2018
Location: Wisconsin

iTrader: (0)

Quote:
Originally Posted by M3 MT View Post
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 View Post
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 View Post
Quote:
Originally Posted by F80NJM3 View Post
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!!!
__________________
Life is too short...enjoy your life
///M
Appreciate 1
JTO242495.50

      03-25-2020, 06:31 PM   #7
bluzbra
First Lieutenant
bluzbra's Avatar
United_States
115
Rep
326
Posts

Drives: 20 X5 40i/19 440i GC
Join Date: Aug 2018
Location: Los Angeles, CA

iTrader: (0)

Quote:
Originally Posted by F80NJM3 View Post
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.
__________________
Current BMWs - '20 X5 sDrive40i xLine Alpine White/Coffee Extended Merino, '19 440i GC M-Sport Alpine White/Ivory White Dakota
Past BMWs - '18 X5 sDrive35i, '17 X3 sDrive28i, '15 335i xDrive Sport Line, '14 428i Coupe
Appreciate 1
      03-25-2020, 06:38 PM   #8
Ibiza
Major
Ibiza's Avatar
United_States
1121
Rep
1,355
Posts

Drives: 2018 F83 ZCP & 2018 F85
Join Date: Mar 2011
Location: Charleston, SC

iTrader: (0)

Quote:
Originally Posted by bluzbra View Post
Quote:
Originally Posted by F80NJM3 View Post
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.
__________________
2018 X5M 1/18 PCD
2018 M4 cabrio ZCP- ED 9/17- PCD 12/17
Retired:
2015 X5 50i PCD, 2015 435 Cabrio ED, 2011 X3 PCD, 2011 335is Cabrio ED/PCD, 2007 X3is PCD, 2007 335i Cabrio PCD, 2004 328i Cabrio PCD
Appreciate 1
DCG523.50

      03-25-2020, 06:42 PM   #9
bluzbra
First Lieutenant
bluzbra's Avatar
United_States
115
Rep
326
Posts

Drives: 20 X5 40i/19 440i GC
Join Date: Aug 2018
Location: Los Angeles, CA

iTrader: (0)

Quote:
Originally Posted by Ibiza View Post
Quote:
Originally Posted by bluzbra View Post
Quote:
Originally Posted by F80NJM3 View Post
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.
__________________
Current BMWs - '20 X5 sDrive40i xLine Alpine White/Coffee Extended Merino, '19 440i GC M-Sport Alpine White/Ivory White Dakota
Past BMWs - '18 X5 sDrive35i, '17 X3 sDrive28i, '15 335i xDrive Sport Line, '14 428i Coupe
Appreciate 2
clee1982649.00

      03-25-2020, 07:47 PM   #10
Ibiza
Major
Ibiza's Avatar
United_States
1121
Rep
1,355
Posts

Drives: 2018 F83 ZCP & 2018 F85
Join Date: Mar 2011
Location: Charleston, SC

iTrader: (0)

Quote:
Originally Posted by bluzbra View Post
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.
__________________
2018 X5M 1/18 PCD
2018 M4 cabrio ZCP- ED 9/17- PCD 12/17
Retired:
2015 X5 50i PCD, 2015 435 Cabrio ED, 2011 X3 PCD, 2011 335is Cabrio ED/PCD, 2007 X3is PCD, 2007 335i Cabrio PCD, 2004 328i Cabrio PCD
Appreciate 3
Miko M5641.00
clee1982649.00
JTO242495.50

      03-25-2020, 08:38 PM   #11
Pauleebe
Colonel
Pauleebe's Avatar
United_States
332
Rep
2,221
Posts

Drives: 2020 M340
Join Date: May 2013
Location: Washington, DC

iTrader: (0)

Quote:
Originally Posted by antzcrashing View Post
SC has had less cases then other places:

https://www.theguardian.com/world/ng...state-by-state
Confirmed cases*
__________________
///M340i
Appreciate 2
alex23641067.00
clee1982649.00

      03-25-2020, 09:14 PM   #12
IK6SPEED
Lieutenant General
IK6SPEED's Avatar
United_States
4077
Rep
10,202
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).
__________________
Stable: F80 / AH3
Past: F80 ZCP / F22 M235i / E89 35is
Appreciate 0
      03-25-2020, 09:36 PM   #13
TheM3Boy
Private
TheM3Boy's Avatar
Canada
21
Rep
54
Posts

Drives: 335i M-Sport
Join Date: Apr 2012
Location: Mississauga, ON, Canada

iTrader: (0)

Quote:
Originally Posted by IK6SPEED View Post
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!
Appreciate 1
clee1982649.00

      03-25-2020, 10:31 PM   #14
Transfer
Brigadier General
Transfer's Avatar
United_States
2398
Rep
4,415
Posts

Drives: M340i, B9 SQ5
Join Date: Mar 2010
Location: Issaquah, WA

iTrader: (1)

Quote:
Originally Posted by Ibiza View Post
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%?
Appreciate 0
      03-25-2020, 10:35 PM   #15
Ibiza
Major
Ibiza's Avatar
United_States
1121
Rep
1,355
Posts

Drives: 2018 F83 ZCP & 2018 F85
Join Date: Mar 2011
Location: Charleston, SC

iTrader: (0)

Quote:
Originally Posted by Transfer View Post
Quote:
Originally Posted by Ibiza View Post
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. :
__________________
2018 X5M 1/18 PCD
2018 M4 cabrio ZCP- ED 9/17- PCD 12/17
Retired:
2015 X5 50i PCD, 2015 435 Cabrio ED, 2011 X3 PCD, 2011 335is Cabrio ED/PCD, 2007 X3is PCD, 2007 335i Cabrio PCD, 2004 328i Cabrio PCD
Appreciate 0
      03-25-2020, 11:16 PM   #16
mjr24
Captain
227
Rep
620
Posts

Drives: F90 M5
Join Date: Mar 2008
Location: Wisconsin/Illinois

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.
__________________
2019 M5, 2018 M550I, 2017 Audi Q7, 2014 M6 GC (sold), 2013 CLS550 (sold), 2011 750LI (sold), 2008 M6 Cabrio (sold), 2008 Porsche Cayenne S, 2004 Mercedes SL55 (sold), 2003 Mercedes SL500 (sold), 2000 Mercedes CL500 (sold)
Appreciate 0
      03-25-2020, 11:16 PM   #17
GOLFFRR
GOLFFRR's Avatar
6558
Rep
23,732
Posts

Drives: GOLFFRR cart
Join Date: Mar 2009
Location: we sell BMW/Mini to ALL US states

iTrader: (4)

yup, makes sense though at this time
__________________

BEFORE YOU BUY YOUR NEXT BMW, PM ME FIRST WE CAN HOOK YOU UP!
Jimmy Bach:jbach@stevethomasbmw.com Cell:805-807-1989
If you have any issues getting a hold of Jimmy B PLEASE PM me, I'm available everyday till 545pm!
Appreciate 0
      03-26-2020, 01:56 AM   #18
Aliabd91
Enlisted Member
Aliabd91's Avatar
Abu Dhabi
20
Rep
31
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
😢😢😢
Appreciate 0
      03-26-2020, 02:47 AM   #19
Poochie
Luxury at the redline :)
Poochie's Avatar
United_States
4034
Rep
4,524
Posts

Drives: 2016 M2
Join Date: Aug 2012
Location: NYC

iTrader: (1)

I didn't even realized they actually stayed open.. I guess them officially closing is news..
Appreciate 0
      03-26-2020, 07:25 AM   #20
x5mannn
Second Lieutenant
93
Rep
219
Posts

Drives: 2010 X5 4.8
Join Date: Oct 2012
Location: Boston

iTrader: (0)

Quote:
Originally Posted by Poochie View Post
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?
Appreciate 1
Mehim19.50

      03-26-2020, 07:43 AM   #21
bjcarls
Lieutenant
271
Rep
456
Posts

Drives: Trackhawk & 340xi
Join Date: Oct 2015
Location: Annapolis

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.
Appreciate 2
IK6SPEED4077.00
Ibiza1121.00

      03-26-2020, 08:09 AM   #22
Miko M
///M
Miko M's Avatar
United_States
5641
Rep
3,398
Posts

Drives: 2020 M2C. 2020 X3M
Join Date: May 2018
Location: Wisconsin

iTrader: (0)

Quote:
Originally Posted by bjcarls View Post
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
__________________
Life is too short...enjoy your life
///M
Appreciate 2
Ibiza1121.00
bjcarls270.50

Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:00 AM.




g20
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST