BMW, the world's largest maker of luxury cars, has just announced that it has sold out of the revamped 5-Series sedan in all markets. The bad news is that customers have to wait three to four months for deliveries.
"The 5-Series is at the core of the BMW brand and we knew it was going to be a very strong vehicle for us," Ian Robertson, BMW's sales chief, said today in an interview at an industry conference in Bilbao, Spain.
The new BMW 5-series shares 70 per cent of its technology with the more expensive flagship 7-series, and will be lining up against the new Audi A6 when it arrives next year. The German carmaker is planning to deliver at least 1.3 million units this year after it sold 1.29 million back in 2009, which means that it will overtake Audi, who is trying to break the 1 million sales target this year.
The new 5-Series starts at $44,550 in the U.S., and went on sale in the U.S. this week and in Europe in late March.
The 2011 BMW 5-Series is currently available in the U.S. with two, the 535i and the 550i. The 2011 BMW 535i has a price of $50,475 and comes with a 3.0L twin-scroll turbocharged inline that delivers 300-hp and 300 lb-ft. The 2011 BMW 550i which starts at $60,575 is powered by a 4.4L twin-turbo V8 making 400-hp. Both models are available with a choice of a 6-speed manual transmission, BMW's new 8-speed automatic transmission or new Sport Automatic 8-speed. The 2011 BMW 528i carries a starting MSRP of $45,425 and will join the lineup in July. Power for the 2011 528i comes from 3.0L inline-6 making 240-hp and a peak torque of 230 lb-ft.
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