BMW makes 2.1% price increase official

BMW made it official today, after we told you about it "unofficially" last week. As expected, the German automaker is raising prices across its model range an average of 2.1 percent for the 2009 model year due to "...significant structural and economic changes in the marketplace." Regardless, the direct price increase of vehicle MSRP doesn't tell the whole story. BMW has also increased pricing on popular options (the Sport Package is up $450 on the 335i sedan and coupe) and removed some standard features (the premium Logic 7 audio system is no longer standard on the 335i -- now it's an $875 option) driving the consumer's cost even higher than it initially appears. If that isn't bad enough news for those hoping to put a Roundel in their driveway, we are also hearing rumors that BMW's latest lease residuals and money factors aren't as sweet as they were over the summer. Check out all the pricing details in BMW's press release after the jump.

[Source: BMW]

PRESS RELEASE

BMW Announces 2009 Model Year Pricing

Woodcliff Lake, NJ - August 25, 2008... BMW of North America, LLC today announced a price increase of 2.1 percent on average across its model range of 2009 BMW brand vehicles.
The modest price adjustment is driven mainly by continually rising raw materials costs and ongoing exchange rate pressure.

"The significant structural and economic changes in the marketplace are prompting all automakers to further refine actions to respond to these pressures," said Jim O'Donnell, President of BMW of North America, LLC. "At BMW, we're responding with a number of internal efficiency improvements to offset our increased costs so that we can keep this price increase modest."

Model year 2009 vehicles are due to arrive at dealerships in October. Minor price adjustments will also be made to selected options/packages. There is no 2009 pricing on Z4 Roadsters and Coupes as production concludes at the end of the 2008 model year.

Base MSRP pricing does not include $825 destination:

2009 1 Series 128i Convertible $33,800
2009 135i Convertible $39,900
2009 128i Coupe $29,200
2009 135i Coupe $35,600
2009 3 Series 328i Coupe $36,300
2009 328xi Coupe $38,100
2009 335i Coupe $42,000
2009 335xi Coupe $43,800
2009 M3 Coupe $57,500
2009 328i Sedan $33,400
2009 328xi Sedan $35,300
2009 335i Sedan $40,100
2009 335xi Sedan $42,000
2009 M3 Sedan $54,500
2009 328i Sports Wagon $35,200
2009 328xi Sports Wagon $37,100
2009 328i Convertible $44,300
2009 335i Convertible $50,400
2009 M3 Convertible $66,150
2009 5 Series 535xi Sports Wagon $55,400
2009 528i Sedan $45,500
2009 528xi Sedan $47,700
2009 535i Sedan $50,800
2009 535xi Sedan $53,000
2009 550i Sedan $60,000
2009 M5 Sedan $85,100
2009 6 Series 650i Convertible $84,800
2009 M6 Convertible $107,500
2009 650i Coupe $77,700
2009 M6 Coupe $101,700
2009 X3 X3 xDrive30i $39,400
2009 X5 X5 xDrive30i $47,100
2009 X5 xDrive48i $55,800
2009 X6 X6 xDrive35i $55,500
2009 X6 xDrive50i $66,200