FAQs
Check out used car specials and certified specials, and remember that BMW Certified Pre-Owned prices are negotiable! Name Your Price: Let's say you find a car with a price that doesn't quite match your expectations. You are within your rights as a shopper to ask for a lower price.
How do BMW dealers make money? ›
Dealerships typically buy vehicles from manufacturers at wholesale prices and sell them to consumers at a retail price, which includes a markup known as the dealer's profit margin. The profit margin varies depending on the brand, model, and market demand for the vehicle.
How many BMW dealerships are there in the world? ›
The BMW brand is represented by around 4,400 dealers in 150 countries.
Who makes BMW cars? ›
BMW is headquartered in Munich, Germany, and owned by the parent company BMW Group, which also owns the luxury brands Mini and Rolls-Royce. Get all the details about BMW below, and feel free to contact us at Rallye BMW if you are a curious consumer in Syosset or Roslyn who wants to learn more!
Do dealerships negotiate price? ›
Each piece of information you provide gives them an edge when negotiations begin. In the end, you'll likely pay a bit more than you wanted to spend, and the dealership will accept a bit less than they wanted to get for the sale. That's how negotiation works.
What should your salary be to buy a BMW? ›
this brings your total monthly cost around 1800 dollars, which should be 10% of your monthly gross income. times it by 12. to get your annual gross income? in order to comfortably afford this BMW X5 M50i, you need an annual gross income around 215 000.
What is the average income of a BMW owner? ›
The average household income of a new BMW 7-Series buyer is $184,170. On the other hand, the popular BMW 2022 3-Series has a starting MSRP of $41,450 for the 330i. The average household income of a new BMW 3-Series owner is $116,550. Note that these are nationwide averages.
How much does the average BMW owner make? ›
BMW Demographics
The average age of a BMW owner has dropped slightly into the mid-forties. This makes BMW owners the youngest in the luxury car market. The median household income is around $175,000. These individuals typically own their own home and around 30% of them have a degree from a 4-year college.
How much do top BMW salesmen make? ›
While ZipRecruiter is seeing salaries as high as $116,454 and as low as $16,284, the majority of salaries within the Bmw Sales jobs category currently range between $34,500 (25th percentile) to $64,100 (75th percentile) with top earners (90th percentile) making $78,952 annually in California.
Who is the biggest customer of BMW? ›
In the fiscal year of 2023, China was the largest sales market for BMW. China accounted for around 32.3 percent of Rolls-Royce, BMW, and MINI sales.
Braman, a top Florida BMW dealer isn't surprised that the Sunshine State is one of the top-selling areas for BMW. The others include California, Texas, and New York. In fact, Florida is at the top of the pack.
Who owns most of BMW? ›
In German, the company's full name is Bayerische Motoren Werke Aktiengesellschaft, and the primary shareholders are as follows: The Quandt Family: Stefan Quandt owns 29% of BMW AG, while Susanne Klatten (Quandt's sister), owns another 21%.
What is the lowest price of BMW? ›
BMW car price starts at Rs 43.90 Lakh for the cheapest model which is 2 Series Gran Coupe and the price of most expensive model, which is XM starts at Rs 2.60 Crore.
What does BMW stand for? ›
The acronym BMW stands for Bayerische Motoren Werke GmbH, which roughly translates to the Bavarian Engine Works Company. The name harks back to the company's origin in the German state of Bavaria. It also indicates BMW's original product range: engines for various applications.
Which family owns BMW? ›
While half of the company is owned by the public, the other half is owned by the Quandt family, who have been long-time BMW shareholders. Here is the breakdown of ownership: 29% = Stefan Quandt: A German industrialist and engineer. 21% = Susanne Klatten: Successful investor and sister to Stefan Quandt.
What pricing strategy does BMW use? ›
Pricing strategies. The first pricing strategy that is used by the company is value pricing. The BMW Group often charges a premium price which is intended to assure consumers a high quality of the products. In this scenario, the company makes use of the price-quality relationship to set prices of products.
How much does BMW drop in value? ›
BMW Depreciation
Year | Depreciation | Value Rating |
---|
2021 | 8.74% | Best |
2020 | 15.98% | Good |
2019 | 23.47% | |
2018 | 31.80% | Good |
9 more rows
What is the average age of BMW buyers? ›
BMW Demographics
The average age of a BMW owner has dropped slightly into the mid-forties. This makes BMW owners the youngest in the luxury car market. The median household income is around $175,000. These individuals typically own their own home and around 30% of them have a degree from a 4-year college.
Are BMW sales declining? ›
Judging by negative comments posted on the Internet about BMW's controversial design choices, you'd think sales are declining. However, numbers tell a different story. The German luxury brand had record-breaking sales last year, and 2024 is off to an even better start.