Daily Management Review

Sales of BMW grew by 3.8% in January


02/13/2018


Sales of the BMW Group increased in January by 3.8%, which was facilitated by the appearance of new and updated old car models.



pexels
pexels
Bavarian automaker Bayerische Motoren Werke said that sales in January rose to 169538 vehicles, as the brand's sales rose 3.4% to 148400 vehicles.

The increase in sales can partly be explained by the update of the model range, which, according to the automaker, will boost sales and increase the company's market share in 2018.

"As availability increases throughout the year, this will be reflected in our sales results," said a representative of the board of directors responsible for sales, citing the launch of new and updated models.

Deliveries of the new BMW 5 Series sedan grew by 40%, and the new version of the BMW 6 Series more than doubled the total sales of the model in January, he added.

Sales of BMW mini-cars grew by 7% to 7,155 units, while motobike sales increased by 12.7% per month, BMW said.

According to the company, sales of electric and hybrid cars increased by 37% to 7155 cars.

Earlier, BMW reported record sales last year amid strong demand for its sports cars. However, sales of Mercedes-Benz exceeded this figure, which did not change the order in the trilateral race of German automakers.

Sales of BMW brand models rose 4.2% in 2017 to 2.09 million cars and SUVs, the Munich carmaker said, compared with a 9.9% increase to 2.29 million units sold by Mercedes, which took first place in the global ranking of sales of luxury cars for the second year in a row.

source: reuters.com






Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

China launches anti-dumping investigation into U.S. propanol

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants