BMW
BMW X5: The SUVs are in demand
BMW also sold more cars in November than a year ago, but less than its competitor Mercedes-Benz. Especially the business with SUVs and hybrid vehicles went well. Worldwide sales of the core brand among the Munich increased by 1.6 percent to 189 000 cars. For comparison: The Stuttgart rival sold in November, almost 199 000 cars, the VW -over-class subsidiary Audi 133 000th BMW Sales Director Pieter Nota said on Thursday: “Our clear priority in a volatile market is profitable growth.”
BMW shares Show stock market chart on Thursday increased by 2.78 percent to 74.79 euros and were thus clear leader in the Dax. Above all, sales of the joint venture attracted a great deal of attention BMW Brilliance in China, which the carmaker according to analyst Hans-Peter Wodniok of Alphavalue in November, the positive growth saved. The market said that in times of the trade dispute that China is waging with the US, BMW sends a positive signal.
The BMW sales in Europe stagnated – all manufacturers are struggling with the consequences of the conversion to the new consumption and exhaust gas measurement standard WLTP. In China, demand grew by 10 percent, while in the USA it fell slightly. The Mini brand also sold fewer cars worldwide in November than in the previous year.
Drivers at BMW were the SUV models X2, X3 and X5. The pre-orders for the X7 exceeded expectations, said Nota. Sales of the plug-in hybrids continued to grow strongly in November. BMW is on track to sell 140,000 electrified cars this year.
In the first eleven months of the year, the Group sold a total of 2.258 million vehicles – 1.3 percent more than in the same period of the previous year and also more than Daimler with the Mercedes-Benz and Smart brands. CEO Harald Krüger wants to see his own brand again in front of Stuttgart in 2020./
dpa-AFX / akn