Six BMW Models Recognized for Best Overall Value
10 February 1999
Six BMW Models Recognized for Best Overall Value by IntelliChoiceWOODCLIFF LAKE, N.J., Feb. 10 -- BMW has captured six IntelliChoice Best Overall Value of the Year (BOVY) awards, with the 1999 323i sedan and the 1999 M3 convertible topping "The Best Overall Value of the Year" in their respective categories. The category award winners are: -- "The Best Overall Value of the Year" -- Near Luxury category winner BMW 323i Sedan -- "The Best Overall Value of the Year" -- Sport category winner BMW M3 convertible The following BMW models won "A Best Overall Value of the Year" award within their category: -- BMW 528i sedan Luxury category -- BMW Z3 2.3 roadster Base Sport category -- BMW M roadster Sport category -- M3 coupe Sport category "We've made every effort to ensure that our vehicles represent value over the long term and so it is with great pride that we accept these awards," explained BMW of North America president Victor Doolan. To determine BOVY winners, IntelliChoice analysts examined the projected five-year ownership costs of vehicles from 1999, specifically looking at depreciation, maintenance, repairs, insurance, fuel, financing and state fees. The 1999 winners represent the best relationship between ownership costs and purchase price, and therefore, are considered best overall values for consumers. BMW has been working to ensure that value, along with quality and performance, are intrinsic to the BMW ownership experience. Scheduled Maintenance for three years or 36,000 miles is included in the cost of every new BMW. BMW's new car warranty includes Roadside Assistance for the full four-year, 50,000 mile warranty period. Technology enhancements such as BMW's Service Interval Indicator allows for extended service intervals. Rather than using fixed intervals, the Service Interval indicator monitors how the car is driven to calculate a range of up to 15,000 miles between oil services. Lifetime transmission fluid and 100,000 mile spark plugs also reduce operating costs on every BMW. BMW has been successful in increasing value by adding more comfort and safety features while holding down prices. At $26,970, the 323i sedan is BMW's first six-cylinder sedan under $30,000 since 1992. The car also comes equipped with available safety features such as BMW's Head Protection System, front and rear side impact airbags and Xenon headlights. BMW's efforts to lower the cost of ownership have reaped benefits to the consumer through increased resale value -- a major factor in determining a BOVY winner. According to IntelliChoice, the resale value across BMW's full model line has increased by 4% over the last four years. BMW entered the North American market in 1975. Since then, the company has grown to include marketing, sales and financial service organizations in the United States and Canada; a South Carolina manufacturing operation; a design firm in California; a technology office in Silicon Valley; and various other BMW operations throughout the U.S. and Canada. BMW is represented in North America through a network of more than 375 automobile and 190 motorcycle retailers in the United States and Canada. BMW (US) Holding Corp., the marque's North American headquarters, is located in Woodcliff Lake, New Jersey.