The amount of people in the market for a $186,000, plug-in-hybrid luxury SUV is a lot smaller than those looking for, say, a Toyota Prius Prime that costs about $153K less than that price. Still, the wealthy folks who are considering buying the 2024 BMW XM’s high-performance model might notice a slight change to its name. What was previously known as the XM Label Red is now simply known as the XM Label.
BMW XM’s New Label
When BMW first introduced the XM Label Red, we admired its mighty 738-hp plug-in-hybrid powertrain, but we also noted that its styling wouldn’t appeal to everyone. It was also the luxury brand’s first use of “Label Red” on a production model. Clearly BMW didn’t think it was catching on with consumers, as a company spokesperson told Motor1.com that the decision to give the hi-po XM a new label was to simplify the name. Car and Driver also reached out to BMW to ask about the name change, and we’ll update this story if we hear back.
Report: BMW XM Discount
The 2024 BMW XM Label starts at a hefty $185,995, while the regular model starts at $159,995. However, customers can apply for a $9900 loan credit that would drop those prices. That’s according to Cars Direct, who reported the discount is available by either financing through BMW directly or by going through another lender using a “Non FS Credit” that would act as a rebate and provide the same $9900 off.
Senior Editor
Eric Stafford’s automobile addiction began before he could walk, and it has fueled his passion to write news, reviews, and more for Car and Driver since 2016. His aspiration growing up was to become a millionaire with a Jay Leno–like car collection. Apparently, getting rich is harder than social-media influencers make it seem, so he avoided financial success entirely to become an automotive journalist and drive new cars for a living. After earning a journalism degree at Central Michigan University and working at a daily newspaper, the years of basically burning money on failed project cars and lemon-flavored jalopies finally paid off when Car and Driver hired him. His garage currently includes a 2010 Acura RDX, a manual ’97 Chevy Camaro Z/28, and a ’90 Honda CRX Si.
Source: Motor - aranddriver.com
