BMW wants to grow stronger in 2018: BMW expects sales growth of up to 5 percent

01/15/2018

BMW wants to grow stronger in 2018 BMW Group sold 2.46 million cars last year

BMW

BMW X2: In the US, the X-series is very popular. With her, BMW wants to make the U-turn in the current year

BMW Show stock market chart expects further growth for 2018. The sales of the Group, which includes the brands Mini and Rolls-Royce, will increase worldwide this year between 5 and 10 percent, said CFO Nicolas Peter on Monday at the auto show in Detroit.

In 2017, the luxury car manufacturer had delivered a total of 2.46 million cars and thus slightly more than competitor Daimler with the brands Mercedes and Smart. Daimler came to 2.42 delivered cars throughout the group last year.

For the premium core brand, however, Mercedes has continue to be ahead: Cars with the star sold in the past year 2.29 million times. From the BMW brand hit the Munich 2,09 million go.

Most of the cars sold by the premium providers again in China, the largest car market in the world. BMW CFO Peter said that the Group sales in 2018 there will grow between five and ten percent.

BMW wants to make the U-turn in the US market this year. “We expect a slight increase in sales in the US,” said CFO Nicolas Peter in Detroit. At BMW this means an increase of up to 5 percent. Most recently, the Dax Group had a plus in the US market in 2015.

BMW wants to make the U-turn in the US

To give momentum to new models of the popular in the United States X model series. So far, the X models are built exclusively in the US plant in Spartanburg, but which comes up against its capacity limits and can not produce enough of the SUVs. That’s why BMW is also starting production of the series in South Africa and China this year.

Also worldwide, BMW assumes that it will be able to sell up to 5 percent more cars. Due to high investment in electric cars and driver assistance systems, spending on research and development is expected to reach between 6.5 and 7 percent of sales this year. In the medium term, BMW is aiming for 5 to 5.5 percent here.

The manager does not see the plans of US President Donald Trump for the renegotiation of the North American free trade agreement Nafta as a direct threat to the business. The all-electric BMW compact car, with which the Bavarians want to take up the fight against the targeting of the mass market Model 3 from the US electric car pioneer Tesla, will not come before 2021 on the market.

Editor’s note: In a first version, dpa had quoted the board with a possible sales increase of “5 to 10 percent”.

rei / dpa / Reuters

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