CARFAX Risk Factor Statistics for BMW (US imports)
Since 1992 275.675 BMW’s have been exported from the U.S. to Europe. Naturally, most of these cars (over 200.000) went back to Germany, the largest European market for BMW. The most popular vehicle in terms of exports is the X5 3.0D, accounting for almost 25% of all U.S. BMW exports.
Car theft is something that happens in any country and of course, exclusive and luxury cars are more often the subject of theft than any other. In the U.S., some cars that are stolen are immediately exported to hide their history. This is made possible through either VIN cloning or VIN swaps by which original vehicles are much more difficult to detect. Currently, there are 402 BMW cars in Europe that have a history of vehicle theft. Certainly, such cars are very risky for used car buyers. Not only can purchasing a stolen vehicle lead to significant legal problems; it may also end in costly financial disputes and tedious investigations.
Cars that have an extremely high loss value compared to the relative price of the vehicle are often called total loss. Many of such cars are scrapped after they are offered a title to be salvaged. However, some of these cars make their way into an illegal circuit of car dealers. Fraudulent dealers repair these cars, hide their history to potential buyers and export these vehicles at a high price. Because of that, CARFAX has encountered various cars that looked clean and honest on the surface, but carried a rather gloomy history. In total, there are currently 11,453 BMW’s imported to Europe that were reported as a ‘Total Loss’.
Cars that are flooded obviously lose some of their value. Sometimes, flooded cars are repaired honestly, after they have been issued a flood title. Other times, they repaired are exported to Europe where their flood history goes unnoticed with future buyers. There are 1,459 BMW’s with a flood history exported to Europe.