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Tuesday, August 26, 2008

BMW raises 2009 prices across the board.


The German automaker on Monday released a list of pricing on 35 2009 models, saying that costs will rise by 2.1 percent on average across its model range.

The increase affects everything from the more affordable 2009 BMW 128i coupe to the pricey 2009 BMW M6 convertible. The 2009 BMW 128i coupe starts at $30,025, including an $825 destination charge. That is a $600 increase over the base 2008 128i. On the upper end of the scale, the 2009 BMW M6 convertible starts at $108,325, including an $825 destination charge. That represents an increase of $1,370 over the comparable 2008 model.

The 2009 BMW X5 xDrive30i starts at $47,925, including an $825 destination charge. That represents an increase of $900 over the comparable 2008 BMW X5. The 2009 BMW 328i sedan starts at $34,225, including an $825 destination charge. That is a $700 increase over the comparable 2008 BMW 328i.

BMW said the increases were "driven mainly by continually rising raw materials costs and ongoing exchange rate pressure," in a statement released on Monday.

"The significant structural and economic changes in the marketplace are prompting all automakers to further refine actions to respond to those pressures," said Jim O'Donnell, president of BMW of North America. "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."

What this means to you: It's a done deal. You'll pay more for your 2009 BMW

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