US Tariffs Against China Means A Price Increase For Chinese-Exported BMW X5s And X6s

German carmaker BMW said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world's biggest auto market.

In a move due to take effect on Monday, BMW said in a statement to Reuters over the weekend that it will increase maker-suggested retail prices of the popular, relatively high-margin X5 and X6 SUV models by 4 percent to 7 percent.

The rates of increase suggest that BMW is willing to absorb much of the higher costs stemming from bringing the SUVs to China from its factory in South Carolina, underscoring the fierce competition among luxury car brands in China...

skytop - 7/29/2018 7:12:28 PM

+3 Boost

BMW X5s and X6s cars are already woefully over priced.

rlbdcky - 7/30/2018 9:16:56 AM

+3 Boost

BMW sold more cars in China last year than in the EU and US combined. They said if tariffs stay in place, they will move production of SUVs bound for the Chinese market to Europe and to China. 81,000 BMWs were built in SC and sent to China last year. Raising the cost of steel is not a good strategy for this country. So we gain some commodity steel manufacturing at the cost of high tech value added manufacturing. Not a good trade.

MDarringer - 7/30/2018 11:13:14 AM

-2 Boost

BMW will whine to Mama Merkel who is so embattled that the old feckless runt will give in.