Thursday, March 23, 2017

Auto: For BMW, Another Year of "Ka-Ching!"

The BMW Group achieved its best ever sales in 2016, the sixth year in a row the company has set a new sales record, maintaining its position as the world’s leading premium car company with its three brands, BMW, MINI and Rolls-Royce. Having recorded steady sales growth throughout the year, a total of 2,367,603 BMW Group vehicles were sold around the world in 2016, an increase of 5.3% compared with the previous year.

 In 2016, the BMW brand achieved a new full-year sales record of more than two million vehicles. A total of 2,003,359 BMW brand vehicles were sold around the world, 5.2% more than in the previous year. The worldwide trend towards increasing SUV sales was reflected by the continuing success of the BMW X family, with one in three BMWs sold being an X vehicle. A total of 644,992 BMW X models was delivered in 2016, an increase of 22.3% compared with 2015. Other notable growth drivers for the brand include the BMW 2 Series (196,183 / +24.8%) and the brand’s flagship BMW 7 Series, which saw sales increase by 69.2% to total 61,514. The new BMW 5 Series, launched in February, is expected to contribute significantly to sales growth in 2017.

2016 was the first full year of MINI sales following the brand’s realignment in 2015, and MINI recorded its best-ever sales results with a total of 360,233 vehicles delivered to customers, an increase of 6.4%. “These record results show that MINI is on the right track, with our new Cabrio and Clubman models being the strongest growth drivers,” said Peter Schwarzenbauer, BMW AG Board of Management member responsible for MINI, BMW Motorrad and Rolls-Royce. “Now in early 2017, we will be introducing the new MINI Countryman to market, one of the brand’s most important models, with the electrified version coming in the summer. That will complete the revision of the MINI line-up and I am confident we will see sales grow even further over the next 12 months,” Mr Schwarzenbauer added.

Rolls-Royce Motor Cars announced the second highest annual sales in the marque’s 113-year history, against a backdrop of challenging market conditions. The Goodwood-based luxury house delivered 4,011 units (+6.0%) to customers globally during 2016. Strong sales were reported worldwide except in the Middle East, where significant headwinds impacted on the entire luxury sector. Sales growth was driven by the enduring success of Wraith and Ghost, complemented by the highly successful launch of Dawn and the introduction of Wraith Black Badge and Ghost Black Badge. The seventh generation Phantom retained its status as the most desirable luxury good in the world, enjoying exceptional demand in its final year of production, laying the foundation for its highly anticipated successor.

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