BMW 1 Series production hits the two-million mark

28 March 2015 sees the curtain raised on the market launch of the new BMW 1 Series. Fans of compact driving pleasure can look forward to an even more striking design, a further refined premium ambience for the interior, engines that are extremely po...

28 March 2015 sees the curtain raised on the market launch of the new BMW 1 Series. Fans of compact driving pleasure can look forward to an even more striking design, a further refined premium ambience for the interior, engines that are extremely powerful and even more efficient, and innovative equipment features. Ahead of the launch, news filtered through from BMW Plant Regensburg of another reason to smile as the two-millionth BMW 1 Series rolled off the production line. The landmark car was built just a few days after the start of production for the new version of the compact model and is one of the first examples of the new BMW 1 Series range earmarked for export to Asia. The BMW 120i 5-door, painted in Estoril Blue metallic and equipped with an M Sport package, will be delivered to a customer in Japan. This production landmark at BMW Plant Regensburg represents another milestone in the international success story of the BMW 1 Series. In late summer 2014 the company celebrated the model series’ tenth birthday. And now the leap beyond the two-million-unit mark provides further evidence of how the attraction of BMW’s hallmark driving pleasure has spread to the compact segment as well. At its premiere in 2004 the BMW 1 Series became the brand’s first model to reconcile sporty and elegant design, dynamic driving properties and premium quality with the functional attributes of a compact 5-door model. Boasting superior powertrain and chassis technology and the rear-wheel-drive configuration that remains a unique selling point in the compact segment, the BMW 1 Series has since set the benchmark for sporting ability in its class. At the same time, it regularly serves as a trailblazer for the latest BMW EfficientDynamics technology, which ensures the new BMW 1 Series, too, offers an impressive balance between driving pleasure and fuel consumption. The new edition of the BMW 1 Series will be offered in both 5-door and 3-door body variants. The BMW 1 Series 3-door is built exclusively at BMW Plant Regensburg, the BMW 1 Series 5-door additionally at BMW Plant Leipzig. Both models can be ordered with a selection of powerful and highly efficient petrol and diesel engines featuring BMW TwinPower Turbo technology, including units with three and four cylinders from the BMW Group’s latest generation of engines and a six-cylinder in-line engine with M Performance TwinPower Turbo technology. The new BMW 1 Series (fuel consumption combined: 8.0 – 3.4 l/100 km [35.3 – 83.1 mpg imp]; CO2 emissions combined: 188 – 89 g/km) therefore covers an output spectrum ranging from 80 kW/109 hp to 240 kW/326 hp. The BMW M135i M Performance Automobile is a ticket to outstanding dynamics, while the 85 kW/116 hp BMW 116d EfficientDynamics Edition leads the way in the efficiency stakes with average fuel consumption of 3.8 – 3.4 l/100 km (74.3 – 83.1 mpg imp) and CO2 emissions of 101 – 89 g/km in the EU test cycle. The BMW M135i, BMW 118d and BMW 120d can all be specified as an option with BMW xDrive intelligent all-wheel drive. Other highlights of the equipment listings for the new BMW 1 Series include the standard-fitted iDrive operating system, full-LED headlights (available as an option for the BMW 1 Series for the first time) and the latest additions to the BMW ConnectedDrive line-up. As well as the radar-based Active Cruise Control system with Stop & Go function and the new-generation Parking Assistant, features such as the camera-based Driving Assistant are also available. The progressive character of the new BMW 1 Series range is likewise underlined by the standard provision of the Intelligent Emergency Call function and BMW TeleServices. The optional Navigation system Professional also offers automatic map updating (using the embedded SIM card and mobile phone network), which is free of charge to customers for the first three years following registration of the car. Also benefiting from further expansion is the array of internet-based information, communication and entertainment services, which the driver can integrate into the car with the help of apps either via the integrated SIM card or using a smartphone.

No Comments

Ready for the next step.

Last year’s Junior winner Jesse Krohn joins BMW Motorsport’s GT programme. The BMW Motorsport Junior programme enters the next round for Jesse Krohn in 2015. The winner of the first class to come through BMW’s new programme for promoting youn...

Last year’s Junior winner Jesse Krohn joins BMW Motorsport’s GT programme.

The BMW Motorsport Junior programme enters the next round for Jesse Krohn in 2015. The winner of the first class to come through BMW’s new programme for promoting young GT and touring car drivers, which was launched in 2014, will undertake a full programme of racing in the BMW Z4 GTE and BMW Z4 GT3 in his second year. Earlier this month provided Krohn with the first opportunity of his still fledgling career to demonstrate his talent at the wheel of the BMW Z4 GTE. The 24-year-old completed a comprehensive test on the BMW premises in Miramas. After gaining valuable experience in the BMW M235i Racing, with which he lined up at selected races in 2014, Krohn is now taking the next step in his career as a GT driver. This season, the 24-year-old BMW Motorsport Junior will race for the Marc VDS Racing Team in the European Le Mans Series (ELMS), where he will share the cockpit of the BMW Z4 GTE with BMW works driver Andy Priaulx and Henry Hassid. Krohn will also have the opportunity to add to his experience at the Nürburgring-Nordschleife, where he will contest the entire season of the VLN Endurance Championship in a BMW Z4 GT3. “We are pleased that the first year of our new junior programme has unearthed such a talented driver as Jesse Krohn,” said BMW Motorsport Director Jens Marquardt. “A place on our GT programme awaits him in his second season. It will be a busy and challenging year for Jesse. However, his outstanding performances in his first season leave use confident that he is ready to take the next step. We will offer him as much support as possible as he takes that step.” “I am living my motorsport dream at the moment,” said Krohn. “To be able to drive the BMW Z4 in two such awesome series as the ELMS and VLN in my second year as a BMW Motorsport Junior is fantastic. I am sure I will benefit from the wealth of experience possessed by the Marc VDS Racing Team and drivers like Andy Priaulx. I am looking forward to another year of learning, and will do everything in my power to meet my own expectations.” Krohn will be able to use tests prior to the season to familiarise himself with the cars and his team-mates. His first competitive outing will come at the opening race of the VLN season on 28th March. Which team he lines up for in the “Green Hell” will be announced at a later date. The ELMS season gets underway on 11th April with the race in Silverstone. As well as his race outings, Krohn will also be on hand to offer help and advice to the second generation of BMW Motorsport Juniors in their first year on the BMW junior programme in 2015. Last year, Krohn was one of four talented youngsters accepted onto the newly formed BMW Motorsport Junior programme. Over the course of the year, the young drivers gained valuable practical experience in the BMW M235i Racing and Formula BMW FB02, under the guidance of BMW works driver Dirk Adorf. They also completed theoretical training, as well as mental coaching and sessions in the simulator. Krohn took part in numerous VLN races in the BMW M235i Racing, meaning he already knows the Nürburgring-Nordschleife very well. The “BMW Motorsport Junior of the Year” award at the traditional BMW Motorsport season review in December was the icing on the cake at the end of a profitable year for the Finn. Having made its debut last year, the BMW Motorsport Junior programme now enters its second season. The talented youngsters who will participate in BMW Motorsport’s multi-level junior programme in 2015 are yet to be confirmed. The selection process ends with a shoot-out at Monteblanco on 17th/18th March. Afterwards the new BMW Motorsport Juniors will be decided.

No Comments

BMW 6 Series Gran Coupe – One of the best looking cars on the market

BMW currently makes, what I think is, one of the best looking cars on the market — the 6 Series Gran Coupe. I love BMW; the cars, the brand, the M Division, the i Division. It’s genuinely a fantastic company. However, despite my admiration fo...

BMW currently makes, what I think is, one of the best looking cars on the market — the 6 Series Gran Coupe. I love BMW; the cars, the brand, the M Division, the i Division. It’s genuinely a fantastic company. However, despite my admiration for the blue and white roundel, I don’t find many of its cards particularly beautiful. Purposeful, yes. Functional, definitely. High performance? Yes. But beautiful? Not many are. But the 6 Series Gran Coupe most definitely is. Those sultry lines, low-slung roofline and massive wheels and wheel arches give the 6 Series Gran Coupe an almost super model look. Then comes the noise. The exhaust, from either engine, makes an aggressive yet sophisticated sound, one befitting such a good looking, sporting GT car. Because that’s what the Gran Coupe is — a GT car.

2015-bmw-6-series-gran-coupe-wallpapers-03

I think that’s another reason the Gran Coupe is so seductive, that it’s a Grand Tourer. There’s a certain romanticism to GT cars. They’re made to take long journeys in, in comfort, speed and style. If you can’t picture taking a journey through the more scenic parts of Europe in a 6er GC with someone beautiful in the passenger seat, then I question the merits of your imagination. The Gran Coupe is a master of seduction, something that’s sadly missing from other BMWs today.

bmw-640d-gran-coupe-1

That isn’t an indictment towards the rest of BMW’s lineup; those other cars have other purposes than to seduce. The X1 wasn’t invented to woo, for instance. But there’s no denying the polarizing attraction the Gran Coupe has that other BMWs do not. Sadly, I think the BMW that suffers from being in the Gran Coupe’s shadow most is the 7 Series. Dubbed BMW’s flagship car, the 7 Series should be the pinnacle of desire for the brand. And while the 7 Series is probably the more luxurious of the two and the more liveable car everyday, I’d still choose the Gran Coupe over it 10 times out of 10. It, to borrow a line from James May, just gives me the fizz.

bmw-640d-gran-coupe-15

TEST DRIVE: BMW 640d Gran Coupe Don’t mistake me, the 7 Series is a great car, it just isn’t a lust-worthy one. At least in comparison to the 6 GC it isn’t. The 7 is definitely better value, at $74,000 to start versus the the 6 GC’s $78,300. Plus the 7 has room for three in the back if need be, with considerably more head room, and has a bigger trunk. But if I’m spending three quarters of a hundred grand, I want something that’s going to give me some fizz. At the price, I want something that I look at everyday with excitement because I get to drive it.

2015 BMW 6 Series Gran Coupe (7)

That’s another advantage the 6er GC has over the 7, how it drives. The 7 drives fine, in fact it drives very well, especially for a car of its size and weight. But the 6 Series Gran Coupe drives exceptionally well. It’s more of a sports car, it’s exciting to drive. The 7 is the more luxurious, relaxed car of the two. Which, again, isn’t an indictment. Being relaxed and luxurious is the sole intention of the 7 Series. I like the 7 Series quite a bit, and I’m sure there are many people who’d choose it over the GC. It is fantastic, but the 7 Series is like a fine wine. It needs to linger in your mouth a bit before it’s true flavors come out. The 6 Series Gran Coupe is like a Krug Grande Cuvee champagne, from the moment the bottle pops all the way down to the last drop, it gives you the fizz.

2015-bmw-6-series-gran-coupe-wallpapers-09

2015-bmw-6-series-gran-coupe-wallpapers-08

2015-bmw-6-series-gran-coupe-wallpapers-02

2015-bmw-6-series-gran-coupe-wallpapers-03

2015-bmw-6-series-gran-coupe-wallpapers-04

2015-bmw-6-series-gran-coupe-wallpapers-05

2015-bmw-6-series-gran-coupe-wallpapers-06

2015-bmw-6-series-gran-coupe-wallpapers-07

2015-bmw-6-series-gran-coupe-wallpapers-01

2015 BMW 6 Series Gran Coupe (28)

2015 BMW 6 Series Gran Coupe (27)

2015 BMW 6 Series Gran Coupe (26)

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe (20)

2015 BMW 6 Series Gran Coupe (21)

2015 BMW 6 Series Gran Coupe (22)

2015 BMW 6 Series Gran Coupe (23)

2015 BMW 6 Series Gran Coupe (24)

2015 BMW 6 Series Gran Coupe (18)

2015 BMW 6 Series Gran Coupe (17)

2015 BMW 6 Series Gran Coupe (16)

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe (13)

2015 BMW 6 Series Gran Coupe (7)

2015 BMW 6 Series Gran Coupe (8)

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe (10)

2015 BMW 6 Series Gran Coupe (11)

2015 BMW 6 Series Gran Coupe (12)

2015 BMW 6 Series Gran Coupe

2015 BMW 6 Series Gran Coupe (5)

2015 BMW 6 Series Gran Coupe (4)

2015 BMW 6 Series Gran Coupe (3)

2015 BMW 6 Series Gran Coupe (2)

2015 BMW 6 Series Gran Coupe (1)

The article BMW 6 Series Gran Coupe – One of the best looking cars on the market appeared first on BMW BLOG

No Comments

BMW ALPINA B6 Gran Coupe to make North American debut at NYC Auto Show

Official Release: BMW celebrates 40th anniversary of BMW of North America as well as the company’s first major motorsports victory in the US at… The post BMW ALPINA B6 Gran Coupe to make North… [[ This is a content summary only. Visit m...

Official Release: BMW celebrates 40th anniversary of BMW of North America as well as the company’s first major motorsports victory in the US at… The post BMW ALPINA B6 Gran Coupe to make North… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

No Comments

BMW at the 85th Geneva Motor Show – Our Take (w/Gallery)

BMW at Geneva was in a nutshell: Anti-climactic. The US market will not see any of the products launched at Geneva this year. That… The post BMW at the 85th Geneva Motor Show – Our Take… [[ This is a content summary only. Visit my w...

BMW at Geneva was in a nutshell: Anti-climactic. The US market will not see any of the products launched at Geneva this year. That… The post BMW at the 85th Geneva Motor Show – Our Take… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

No Comments

BMW Sales Up 14.5% for February in the US

Official Release: Sales of BMW brand vehicles increased 14.5 percent in February for a total of 25,201 compared to 22,017 vehicles sold in February,… The post BMW Sales Up 14.5% for February in… [[ This is a content summary only. Visit my...

Official Release: Sales of BMW brand vehicles increased 14.5 percent in February for a total of 25,201 compared to 22,017 vehicles sold in February,… The post BMW Sales Up 14.5% for February in… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

No Comments

BMW of North America Announces Best Dealership Awards

Official Release: BMW of North America, LLC is announcing its annual Center of Excellence honors. This award recognizes the top BMW dealerships in the… The post BMW of North America Announces Best… [[ This is a content summary only. Visit...

Official Release: BMW of North America, LLC is announcing its annual Center of Excellence honors. This award recognizes the top BMW dealerships in the… The post BMW of North America Announces Best… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

No Comments

2015 Geneva Motor Show: Porsche 911 GT3 RS and Cayman GT4

Porsche took Geneva by surprise this year with two extremely sporting world premieres: Porsche Cayman GT4 and Porsche 911 GT3 RS. Even if both play in different leagues, the two cars were built with maximum performance in mind. Porsche 911 GT3 RS Co...

Porsche took Geneva by surprise this year with two extremely sporting world premieres: Porsche Cayman GT4 and Porsche 911 GT3 RS. Even if both play in different leagues, the two cars were built with maximum performance in mind. Porsche 911 GT3 RS Compared to the “regular” 911 GT3, the GT3 RS version comes with a variety of visual and performance modifications. Under the hood, the 2016 Porsche 911 GT3 RS uses a brand new 4.0-liter six-cylinder naturally-aspirated engine tuned to deliver 493 hp and 489 Nm (384 lb-ft) of torque , same power but more torque than the GT3 RS 4.0 – 15 lb-ft more. Compared to the 911 GT3, the GT3 RS delivers 25 hp and 60 lb-ft of torque more.

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-01

The engine is coupled to a seven-speed dual-clutch PDK transmission which sends power to the rear wheels. An advanced torque vectoring system and a variable locking differential are included with the new sporty 911. The car now weighs 1420 kg, 10 kilos less than the 911 GT3.

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-02

Porsche claims the new 911 GT3 RS will lap the Nurburgring Nordschleife in 7 minutes and 20 seconds. From 0 to 62 mph (100 km/h), the new 911 GT3 RS will only need 3.3 seconds, while the 200 km/h (124 mph) mark is reached 10.9 seconds. Top speed is limited to 320 km/h (198 mph).

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-05

The Porsche 911 GT3 RS costs 181,690 Euro. Porsche Cayman GT4

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-01

The new Porsche Cayman GT4 has a revised version of the 911’s 3.8 liter, flat-six, making 385 hp and can hit 60 mph from a standstill in a claimed 4.2 seconds. The big news for the purists is that it will come exclusively with a 6-speed manual. No PDK, 7-speed, twin-clutch auto available in the GT4.

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-02

Made with mostly 911 GT3 parts, the suspension is full-on track ready. The GT4 will also come with dynamic transmission mounts, and a 1.2” lower ride height. It also looks the part of a GT3 with its aggressive aero dynamics and huge rear-wing. Carbon ceramic brakes will also be available, to help the GT4 stop as well as it goes and handles.

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-19

The Cayman GT4 checks in at $85,595, that’s around $50,000 less than its 911 GT3 older brother. PHOTO GALLERY: PORSCHE 911 GT3 RS

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-21

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-20

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-19

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-18

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-17

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-16

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-15

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-14

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-13

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-12

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-06

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-07

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-08

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-09

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-10

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-11

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-05

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-04

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-03

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-02

Porsche-911-GT3-RS-2015-Genf-Autosalon-Live-01

PHOTO GALLERY: PORSCHE CAYMAN GT4

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-11

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-20

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-19

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-18

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-17

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-16

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-15

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-09

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-03

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-04

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-10

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-05

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-06

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-07

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-08

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-14

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-13

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-12

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-01

Porsche-Cayman-GT4-2015-Genf-Autosalon-Live-02

The article 2015 Geneva Motor Show: Porsche 911 GT3 RS and Cayman GT4 appeared first on BMW BLOG

No Comments

BMW 1 Series production hits the two-million mark

28 March 2015 sees the curtain raised on the market launch of the new BMW 1 Series. Fans of compact driving pleasure can look forward to an even more striking design, a further refined premium ambiance for the interior, engines that are extremely p...

28 March 2015 sees the curtain raised on the market launch of the new BMW 1 Series. Fans of compact driving pleasure can look forward to an even more striking design, a further refined premium ambiance for the interior, engines that are extremely powerful and even more efficient, and innovative equipment features. Ahead of the launch, news filtered through from BMW Plant Regensburg of another reason to smile as the two-millionth BMW 1 Series rolled off the production line. The landmark car was built just a few days after the start of production for the new version of the compact model and is one of the first examples of the new BMW 1 Series range earmarked for export to Asia. The BMW 120i 5-door, painted in Estoril Blue metallic and equipped with an M Sport package, will be delivered to a customer in Japan.

bmw-1-series-2-million-units-01

This production landmark at BMW Plant Regensburg represents another milestone in the international success story of the BMW 1 Series. In late summer 2014 the company celebrated the model series’ tenth birthday. And now the leap beyond the two-million-unit mark provides further evidence of how the attraction of BMW’s hallmark driving pleasure has spread to the compact segment as well. At its premiere in 2004 the BMW 1 Series became the brand’s first model to reconcile sporty and elegant design, dynamic driving properties and premium quality with the functional attributes of a compact 5-door model. Boasting superior powertrain and chassis technology and the rear-wheel-drive configuration that remains a unique selling point in the compact segment, the BMW 1 Series has since set the benchmark for sporting ability in its class. At the same time, it regularly serves as a trailblazer for the latest BMW EfficientDynamics technology, which ensures the new BMW 1 Series, too, offers an impressive balance between driving pleasure and fuel consumption. The new edition of the BMW 1 Series will be offered in both 5-door and 3-door body variants. The BMW 1 Series 3-door is built exclusively at BMW Plant Regensburg, the BMW 1 Series 5-door additionally at BMW Plant Leipzig. Both models can be ordered with a selection of powerful and highly efficient petrol and diesel engines featuring BMW TwinPower Turbo technology, including units with three and four cylinders from the BMW Group’s latest generation of engines and a six-cylinder in-line engine with M Performance TwinPower Turbo technology. The new BMW 1 Series (fuel consumption combined: 8.0 – 3.4 l/100 km [35.3 – 83.1 mpg imp]; CO2 emissions combined: 188 – 89 g/km) therefore covers an output spectrum ranging from 80 kW/109 hp to 240 kW/326 hp. The BMW M135i M Performance Automobile is a ticket to outstanding dynamics, while the 85 kW/116 hp BMW 116d EfficientDynamics Edition leads the way in the efficiency stakes with average fuel consumption of 3.8 – 3.4 l/100 km (74.3 – 83.1 mpg imp) and CO2 emissions of 101 – 89 g/km in the EU test cycle. The BMW M135i, BMW 118d and BMW 120d can all be specified as an option with BMW xDrive intelligent all-wheel drive. Other highlights of the equipment listings for the new BMW 1 Series include the standard-fitted iDrive operating system, full-LED headlights (available as an option for the BMW 1 Series for the first time) and the latest additions to the BMW ConnectedDrive line-up. As well as the radar-based Active Cruise Control system with Stop & Go function and the new-generation Parking Assistant, features such as the camera-based Driving Assistant are also available. The progressive character of the new BMW 1 Series range is likewise underlined by the standard provision of the Intelligent Emergency Call function and BMW TeleServices. The optional Navigation system Professional also offers automatic map updating (using the embedded SIM card and mobile phone network), which is free of charge to customers for the first three years following registration of the car. Also benefiting from further expansion is the array of internet-based information, communication and entertainment services, which the driver can integrate into the car with the help of apps either via the integrated SIM card or using a smartphone. The article BMW 1 Series production hits the two-million mark appeared first on BMW BLOG

No Comments

Automakers increase incentives on electric cars

Gas prices are lower than they have been in as far as I can remember. Yet despite the plummet in the cost of gas, electric vehicles sales are actually up. More people are buying pure EVs than ever before. According to Kelley Blue Book and USA Today, ...

Gas prices are lower than they have been in as far as I can remember. Yet despite the plummet in the cost of gas, electric vehicles sales are actually up. More people are buying pure EVs than ever before. According to Kelley Blue Book and USA Today, sales for EVs in the month of January are up 18 percent over last January. Ironically, though, hybrid sales are down 4 percent since last January. So why the bump in EVs? One word — Incentives.

incentives-electric-vehicles-sales.png

incentives-electric-vehicles

The average incentive dollars being spent on EVs this past January was $10,700. That’s a huge chunk off a vehicles sticker price. It get’s quite impressive when you look at the effect on individual cars. The BMW i3 REx, for example, gets a total of $9,000 worth of incentives, according to KBB, on its $46,250 price tag. Automakers are giving out so much in sales incentives and finance deals, that their making little to no profit at all on EVs. This is to boost sales, obviously, and most automakers make enough on other models to take the hit, but it’s still tough on them. The idea is to get people into EVs and push them into the mainstream market. READ ALSO: BMW i3 REx to the rescue The reason for having to add so many incentives (government, dealer or manufacturer) is the high cost of EVs. The high cost of EVs used to be offset by the eventually savings in fuel and maintenance, but the recent low cost of fuel and highly efficient economy cars have squashed those savings a bit.

incentives-electric-vehicles-sales.png

Certain states, like California and Oregon, also have EV and hybrid sales quotas for automakers, which almost forces their hands into offering profit-killing incentives just to get people into these vehicles. That adds a lot of pressure to lower the cost of EVs, but with such low sales numbers and incentives cutting profit margins, it’s hard to be profitable enough to do so. Fortunately, sales figures for electric vehicles and hybrids are up, but it’s mostly due to the huge incentives. The goal is to create EVs and hybrids at lower costs which can then be transferred to customers. This way, people can buy EVs without massive incentives and automakers can sell them while profiting. Cars like the BMW i3 and Tesla Model S are starting to help get the word out create a desirable market for EVs and are a sign things are moving in the right direction. But it’s still going to take some time. The article Automakers increase incentives on electric cars appeared first on BMW BLOG

No Comments