Euro Exchange rate

krhodes1 · 03-11-2015, 11:40 PM

Any bets as to whether BMW cuts any prices with the forecast USD-Euro exchange rates? Some are forecasting as low as $.85 to the Euro this summer, currently it is barely over par and dropping. That is a 40% drop in a year.

My bet is BMW takes the profit and smiles all the way to the bank. Of course the flip side is BMW is going to get screwed exporting X-cars from here to Europe. I bet they raise prices on those over there though. Luckily my job does not depend on exports of anything from the US.

When I did ED in 2011, it was ~$1.45 to the Euro, which completely and utterly sucked. That made gas up to $12/gal, and food and hotel rooms ridiculous. This time Europe will be on sale! I may send the European Central Bank a Christmas card for saving me a small fortune on my month long European Delivery trip in August/Sept.

ABPReader · 03-12-2015, 02:38 AM

.

TBro2002 · 03-12-2015, 09:35 AM

Hopefully if there is a price adjustment it occurs before I sign documents for my ED scheduled for May 4.

TBro2002 · 03-12-2015, 10:40 AM

OK, don't expect price drops.

http://www.reuters.com/article/2015/...0WE2BP20150312

MikeT · 03-12-2015, 11:53 AM

Currencies fluctuate all the time, and there have been 'strong dollar' periods before. I don't recall BMW ever explicitly cutting U.S. prices as a result of currency fluctuations.

The strong dollar/weak Euro does, however, make it less likely that there will be price increases for 2016. It's also possible that there could be a stealth price-cut in the form of more standard equipment. Perhaps that's unlikely, however, in light of the aforementioned declining margins.

03-11-2015, 11:40 PM	#1
krhodes1 Colonel 1436 Rep 2,526 Posts Drives: 2011 328i Wagon Join Date: Feb 2011 Location: Westbrook, Maine, Port Charlotte, Florida iTrader: (1) Garage List 2011 128i [10.00] 2011 BMW 328i Touring [10.00]	Euro Exchange rate - price cuts? Any bets as to whether BMW cuts any prices with the forecast USD-Euro exchange rates? Some are forecasting as low as $.85 to the Euro this summer, currently it is barely over par and dropping. That is a 40% drop in a year. My bet is BMW takes the profit and smiles all the way to the bank. Of course the flip side is BMW is going to get screwed exporting X-cars from here to Europe. I bet they raise prices on those over there though. Luckily my job does not depend on exports of anything from the US. When I did ED in 2011, it was ~$1.45 to the Euro, which completely and utterly sucked. That made gas up to $12/gal, and food and hotel rooms ridiculous. This time Europe will be on sale! I may send the European Central Bank a Christmas card for saving me a small fortune on my month long European Delivery trip in August/Sept. __________________ '11 328! Touring - Tasman on Chestnut, 6spd manual, factory upside-down "i" option '11 128i Convertible - Space Gray on Savannah Beige, 6spd manual, also '14 Mercedes-Benz E350 wagon, '95 Land Rover Discovery, '74 Triumph Spitfire
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03-12-2015, 02:38 AM	#2
ABPReader Deserter 215 Rep 401 Posts Drives: BM&W Join Date: Aug 2014 Location: Earth iTrader: (0)	. Last edited by ABPReader; 10-14-2015 at 02:48 AM..
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03-12-2015, 09:35 AM	#3
TBro2002 Second Lieutenant 70 Rep 289 Posts Drives: 2015 335i M-Sport Join Date: Dec 2014 Location: Long Beach CA iTrader: (0)	Hopefully if there is a price adjustment it occurs before I sign documents for my ED scheduled for May 4.
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03-12-2015, 10:40 AM	#4
TBro2002 Second Lieutenant 70 Rep 289 Posts Drives: 2015 335i M-Sport Join Date: Dec 2014 Location: Long Beach CA iTrader: (0)	OK, don't expect price drops. http://www.reuters.com/article/2015/...0WE2BP20150312
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03-12-2015, 11:53 AM	#5
MikeT Lieutenant 170 Rep 533 Posts Drives: 2015 m235i Join Date: Sep 2007 Location: California iTrader: (0)	Currencies fluctuate all the time, and there have been 'strong dollar' periods before. I don't recall BMW ever explicitly cutting U.S. prices as a result of currency fluctuations. The strong dollar/weak Euro does, however, make it less likely that there will be price increases for 2016. It's also possible that there could be a stealth price-cut in the form of more standard equipment. Perhaps that's unlikely, however, in light of the aforementioned declining margins.
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