Daily Management Review

BMW hits record high sales in 2019


According to the results of 2019, the German BMW Group again reached a record level of sales of 2.52 million cars, which is 1.2% higher than the previous year, the company said.

This is the ninth consecutive year that the company has shown record sales. “The company has been confirming its position as the world leader in the premium car sector for the sixteenth year in a row,” notes the BMW Group.

The company reports that sales of BMW cars last year reached a new historical record of 2.168 million cars (an increase of 2%). The sales volume of Rolls-Royce cars jumped 25.4%, to 5.15 thousand units. At the same time, MINI brand sales decreased by 4.1% over the year, to 346.6 thousand cars.

In addition, sales of electric vehicles of the company last year increased by 2.2%, reaching 145.8 thousand units. “By the end of 2019, the BMW Group already had half a million electric vehicles worldwide,” the report says.

This year, the company predicts a "slight increase in global sales." "Due to the worsening economic situation, the BMW group expects sales growth in Europe to be at the level of the previous year," the concern adds. At the same time, steady growth in sales is expected in China mainly due to cars assembled in the country.

BMW specializes in the manufacture of BMW, Mini and Rolls-Royce Motor Cars, motorcycles, and engines. The company is headquartered in Munich.

source: reuters.com