2009 Bmw 535i No Reserve on 2040-cars

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2011 BMW 1 Series M Coupe now more expensive than when new

At the end of the day, your friendly Autoblog editors are car guys, just like you. So, while we might have more of an opportunity to test some of the most interesting vehicles on the new car scene than does your average gear head, we can still be found whiling away those long afternoon hours looking at used cars and thinking about what could be.
Just the other day, we had a vivid reminder about one of our dream cars from the very recent past, the 2011 BMW 1 Series M Coupe. If you didn't catch it, Michael Harley had a great time testing and reviewing the new Dinan S3-R version of the car, which throws an impressively engineered turbo and suspension tune on a BMW that was damn near perfect out of the box.
In the Comments section of that review, a few savvy Autoblog readers pointed out that our estimated price for a used donor car, set at $50,000, was low. Odd, we thought, as the car retailed for less than $50k ($46,135) when it was new in 2011. So we started checking around.

BMW is 'watching the pickup space closely'

Automotive April Fools' Day jokes rarely become real product, but then again, they're generally flights of fancy. The E92 M3-based BMW pickup truck from 2011 is a notable exception – M built it for hauling parts. Now, BMW might seriously be looking into a vehicle with a bed. Speaking to Australia's Motoring, Australian Marketing Manager Marc Werner dropped a few hints that the German brand is at least studying the feasibility of a truck or ute. "Never say never," Werner told Motoring. "We're watching the space closely." According to Motoring, Werner's statements are a big deal because they're in stark contrast to what BMW Asia, Pacific, and South Africa boss Hendrik von Kuenheim said a year ago – that BMW is "definitely not" building a truck. The Aussies seem to think this means, along with arch-nemesis Mercedes-Benz's new midsize pickup, BMW's position on its first-ever truck might be softening. Since the Australians (probably) started bouncing with glee over the idea of a roundel-adorned pickup, Werner was quick to temper expectations. He told Motoring that a pickup is far easier for Munich's rivals. "It's easier for Mercedes because they have commercial vehicles and trucks and vans. We do not. And perhaps it's easier for Audi. Just take the Amarok, why not?" Werner said. "Yes it's harder for us but we'll be watching how Benz goes." While we wouldn't count on Munich building a truck/ute in the near future, Motoring does make a good point – in 2016, a BMW pickup sounds as crazy as a front-drive Bimmer did in 2006. In other news, the new China-only 1 Series debuted yesterday. It's BMW's second front-driver after the 2 Series Active Tourer.

VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf , Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60. The Swedish carmaker is 82%-owned by China’s Zhejiang Geely Holding Group. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs. Hyundai said in a statement it was committed to its long-range EV plans and that it "will utilize key provisions in the Inflation Reduction Act to accelerate the transition to electrification." Rivian declined to comment and the other automakers could not immediately be reached for comment. Treasury also disclosed General Motors electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury said all GM EVs will qualify. Earlier, Ford Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations. The rules were announced last month and mandated by Congress in August as part of the $430 billion Inflation Reduction Act (IRA). The IRA requires 50% of the value of battery components be produced or assembled in North America to qualify for $3,750, and 40% of the value of critical minerals sourced from the United States or a free trade partner for a $3,750 credit. The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.