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BMWNA Sets New Annual Sales Record -- Q4 2023 and Full Year 2023 U.S. Sales Results
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01-06-2024, 12:14 PM | #89 | |
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Even if BMW made $200 million on selling XMs in the US, that is a meaningless statistic. |
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01-06-2024, 12:18 PM | #90 |
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I wonder if bmw shareholders would feel the same way...but sure, stand corrected
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01-06-2024, 12:21 PM | #91 | |
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They already know BMW is a large corporation. Revenue just shows you how big your operations are. As a shareholder, I’d be interested to know the profit numbers. If you look at sales, and it says you made $200 million, but your COGS is $250 million, would you rather that than $100 million in sales with $50 million COGS? I’d go with option 2. |
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01-06-2024, 12:25 PM | #92 | |
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In any event, neither of know, so annecdotal really
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01-06-2024, 12:27 PM | #93 | |
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I too think the margin is high on it, but it could theoretically be negative, and BMW loses money on it. Who knows. That’s just what I’m saying. Obviously, the larger the margin, the better the results, and if you have more sales of that high margin, even better. Is all |
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01-06-2024, 12:29 PM | #94 | |
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01-06-2024, 04:46 PM | #95 |
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Wow, some perspective here…
BMW N/A sales - 395,741 Tesla USA Model Y sales - 394,497
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01-06-2024, 05:10 PM | #96 | |
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https://www.byd.com/us/news-list/BYD...EV-Market.html |
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01-06-2024, 08:48 PM | #97 | |
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Besides dealerships offering upwards of a 15% discount on the XM, BMW NA had upwards of $9,900 to the customer. Who knows how much trunk money dealerships received from BMW NA to move the sitting XM units that required heavy discounting to move out the door.
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01-06-2024, 08:52 PM | #98 | |
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I agree that the decline of the X5-X7 is not good news for BMW AG and BMW NA, considering that 30% of Plant Spartanburg production is for US market.
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01-07-2024, 10:19 AM | #99 | |
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Most 2020 model EVs lost around %50 of their values - like Porsche Taycan; very similar to their ICE counterparts. Tesla is an exception, as they were severely overpriced and overhyped. So they had to lower their MSRPs when real car companies came in the play, which of course contributed to the depreciation. BMW has released 2 EVs as 2022 models, so let’s see how they compare to their ICE counterparts: 2022 BMW iX 50i at 30.000 miles value at resale: $55,000 - $63,000 2022 BMW X5 M50i at 30.000 miles value at resale: $58,000 - $62,000 ( KBB, Excellent condition, both MSRP around $105,000) 2022 BMW i4 M50 at 30.000 miles value at resale: $46,000 - $50,000 2022 BMW M440i GranCoupe at 30.000 miles value at resale: $44,000 - $48,000 ( KBB, Excellent condition, both MSRP around $70,000) And this is despite iX and i4 having incentives when you buy it brand new - which lowers the resale value. So what’s up with that? There are also 10+ years old EVs out there, the percentage of the ones that require battery service is in the single digits. And to come to that level, you really have to abuse your battery. So we have these numbers, but thousands of trolls are still parroting the same thing. On top of all this, knowing a bit about EVs and ICE cars, I’d be way more comfortable buying a 3-4 year old EV over a 3-4 year old ICE. As EVs are way easier to inspect, and way less parts to go wrong. People will learn about this as the time passes, but now they’re constantly fed lies, so they’re confused. Also, I’m leasing, and iX is the most impressive car I’ve ever had, so I don’t really care and I won’t be ‘shocked’
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15’ F82 ///M4 18’ G30 540i ///Msport 21’ G20 ///M340i 24' i20 iX xDrive50 Last edited by Cortexiphan; 01-07-2024 at 11:02 AM.. |
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01-07-2024, 12:07 PM | #100 | |
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01-07-2024, 01:42 PM | #101 | |
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But I still prefer the X7 to the model Y for the road trips because we have three kids and don’t want to stop to charge. We would have to stop two or three times on our trips to the beach or 4+ times for longer trips. And premium fuel is about $4 per gallon, so the cost savings to supercharge is not that compelling - saving about $50 round trip. We get 25-26 mpg on the X7 which is a range of 550 miles. I’d like to see an iX with 6 seats that’s a bit larger, but given our use case and cost of fuel it doesn’t really beat ICE. To me EV’s are for commuting and not road trips, especially if you have kids to haul around. |
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01-07-2024, 01:44 PM | #102 | |
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“It’s always easier to fool someone than convincing someone they’ve been fooled!”
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01-08-2024, 08:46 AM | #103 | |
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Good luck
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15’ F82 ///M4 18’ G30 540i ///Msport 21’ G20 ///M340i 24' i20 iX xDrive50 Last edited by Cortexiphan; 01-08-2024 at 10:53 AM.. |
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01-08-2024, 08:49 PM | #104 | |
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01-09-2024, 06:51 AM | #105 |
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[QUOTE="Car-Addicted;30790933"]BYD Annual 2023 Sales 3,024,417 Sometimes I just hate perspective.
https://www.byd.com/us/news-list/BYD...EV-Market.html In fairness, I think BYD will have a hard time in the US market. I was driven around in a BYD EV for a few days in India. It was one of their SUVs, about the size of a Toyota Highlander. Tesla Model Y seems like a luxury product compared to the build quality of the BYD. However, the manufacturing scale of BYD is impressive. Most Chinese smartphone manufacturers easily sell more than iphone, but they all really on Android or Google to be successful for their operating system. I noticed with the BYD, the UI was just not as polished…they are probably at least 4-5 years away from challenging brands like BMW and Tesla for US and other high-end, higher margin markets. Some markets are very value driven and price sensitive (like India), there the Chinese manufacturers like BYD will do great. Anyway, BMW had impressive sales across their entire line-up. But have to also credit Tesla, since they are the only US company now able to compete globally and be profitable across all markets (as far as I can tell)…. |
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