When BMW USA updated its online configurator last month, it confirmed a previous report about price increases across the board. It’s a similar story in Australia where the automaker’s regional branch has published full pricing details for January 2023. The cars are anywhere between $1,600 to $11,500 (AUD) costlier than before. The biggest jump is for the M8 Coupe and M8 Gran Coupe in Competition guise, followed by the M850i Coupe and M850i Convertible commanding a hefty $9,000 premium.
In an interview with CarExpert, a spokesperson for BMW Australia explained the changes in pricing: “BMW constantly reviews its pricing structure throughout the year, taking into consideration a number of different factors. However, we always aim to ensure our products remain appropriately positioned and represent a competitive pricing proposition in the market for our customers.”
The silver lining is a significant price cut for the iX3 as the electric crossover is now $10,000 cheaper. It carries a starting price of $104,900, thus making it $5,500 more attainable than the plug-in hybrid X3 xDrive30e. It’s unclear whether this decision has been taken as a response after Tesla reduced the price of its Model Y by up to $3,400. Coincidentally, both EVs are made in China.
It should be mentioned BMW’s price hike for the start of the year follows a couple of similar adjustments made in 2022, specifically in April and August. Pricing details for the Australian market are attached below. The most affordable model is the 118i hatchback from $53,900 while the most expensive of the bunch is the M8 Coupe from $374,400.
The 7 Series G70 isn’t listed because it hasn’t gone through a price change, having been recently added to the lineup. The flagship tops out with the $297,900 i7 xDrive60. It’s the same story with the X1 U11 since it’s a new product. Other models soldier on with an unchanged pricing structure.
1 Series
2 Series Coupe
2 Series Gran Coupe
M3
M4
5 Series
