According to Autonews, citing Germany’s Manager Magazin (which cited BMW company sources), BMW’s goal is to sell 2 million cars annually by 2016 and upwards of 2.5 or 2.6 million vehicles by 2020.
BMW sold 1.46 million vehicles in 2010 (source), so these goals would represent an increase of over half a million annual vehicle sales over just four years time and over 1 million annual vehicle sales increase in eight years.
How does BMW plan to achieve these lofty sales figures? With a focus on its new … CONTINUED
The BMW Group in the U.S. (BMW and MINI combined) reported June sales of 26,865 vehicles, an increase of 15.1% from the 23,331 vehicles sold in the same month a year ago.
Year-to-date, BMW Group is up 18% on sales of 143,521 in the first six months of 2011 compared to 121,585 in the same period in 2010.
“With all that’s gone on in the world in the last month, our own economy and auto market are still volatile places so you’d better have the right models and … CONTINUED
BMW has just launched its first 2012 Olympics commercial, promoting the BMW Drive for Team USA, a national drive program that invites consumers to get behind the wheel and the Olympic Movement in support of U.S. Olympic Team and Paralympic Team hopefuls. The event series travels to 276 BMW retailers across America between June 16 and August 13, 2011. For each participant who test drives a vehicle at one of the BMW Drive for Team USA events, BMW of North America will donate $10 to Team … CONTINUED
Most successful May ever for BMW Group sales
Solid double-digit growth across Europe, America and Asia
The BMW Group is well on its way to a record year with another all-time sales high for the month of May. A total of 147,563 BMW, MINI and Rolls Royce brand vehicles were delivered to customers (prev. yr. 120,850/ +22.1%). Deliveries for the year to the end of May climbed 20.7% to 667,511 vehicles (prev. yr. 552,866).
Ian Robertson, member of the Board of Management of BMW AG, responsible for … CONTINUED
BMW today announced that it was ranked first overall in the inaugural L2 Prestige 100® Facebook IQ, a new index that measures the aptitude of Prestige 100® brands across auto, beauty, fashion, watches & jewelry and spirits & champagnes categories on the world’s fastest growing platform. BMW owns and maintains 54 separate Facebook pages pertaining to its various geographic regions, business segments and products, each of which were evaluated for this study.
“BMW is the ultimate social machine,” says Maureen Mullen, Director of Research and Advisory … CONTINUED
BMW of North America today announced a national campaign comprised of television, print, online and radio advertising and a strong in-dealership message, all timed for the summer season and designed to raise awareness of the dangers of distracted driving. The campaign, themed “DON’T TXT & DRIVE – When the Engine Starts the Texting Stops,” begins in early June and runs throughout the year.
“Distracted driving is an epidemic in America, and it has deadly consequences for thousands of people on our roads each year,” said U.S. Transportation … CONTINUED
The BMW Group in the U.S. (BMW and MINI combined) reported May sales of 26,452 vehicles, an increase of 19.7 percent from the 22,092 vehicles sold in the same month a year ago.
“This month, BMW and MINI sales progress continues in what’s clearly a yo-yo economy as consumer sentiment varies from optimism to pessimism month-to-month,” said Jim O’Donnell, President and CEO, BMW of North America. “We believe it’s having a steady run of new models as we’ve just added the new 6 Series Convertible to … CONTINUED
For anyone who is vigilant about the popularity of BMWs they spot on the roads of North America, this should come as no surprise – the 5-series GT has unfortunately been a bit of a sales disappointment. In an interview with Automotive News, BMW of North America CEO Jim O’Donnell says he wishes the company hadn’t stopped selling the 5-series wagon (F11) in the United States last year because the company thought a lot its 5-series station wagon customers would go with the GT.
Instead of … CONTINUED
With four class victories in the competition “International Engine of the Year Award” 2011, the BMW Group repeated last year’s success, whilst at the same time strengthening its position as the most successful manufacturer to take part in the competition. Four, six and eight-cylinder petrol and diesel engines prevailed in their respective displacement classes. The award-winning engines are featured in a number of current models of the BMW and MINI brands. In addition to the V8 power unit of the BMW M3 and the straight six-cylinder … CONTINUED
BMW said on Monday it will invest around 1 billion euros ($1.44 billion) to expand production capacity in China as it seeks to capture surging sales growth in the world’s biggest auto market.
BMW is almost doubling its initially planned investment and production capacity at the new plant in Tiexi in the Shenyang will rise to around 200,000 euros over the medium term, BMW said on Monday.
Together with capacity improvements at its Da Dong facility, this will result in potential to make 300,000 vehicles in the long … CONTINUED
BMW will start selling parts and accessories direct to owners for the first time, thanks to a new partnership with eBay, the leading online retailer.
The BMW Group continues to perform well and has generated a new record for first-quarter earnings. Group revenues increased by 28.9% to euro 16,037 million (2010: euro 12,443 million). The first-quarter profit before financial result (EBIT) rose sharply to euro 1,902 million (2010: euro 449 million) while the profit before tax (EBT) climbed to euro 1,812 million (2010: euro 508 million). Group net profit for the quarter improved to euro 1,212 million (2010: euro 324 million). The total number of BMW, MINI and Rolls-Royce brand cars … CONTINUED