The numbers: Turbo-charged. BMW’s second-quarter net profit surged by 27%, revving ahead of market expectations. Sales of Beamers rose by 8% versus the same period last year, pushing the company’s quarterly sales, which also includes Mini and Rolls-Royce models, to a new record of more than 533,000 cars.
no-captionThe takeaway: Sales of BMW’s X5 sport utility vehicle rose by 30% in the first six months of the year, the best of any BMW-branded model by far. In terms of geography, BMW group sales in China rose by 23% in the first half. Ultra-luxury Rolls-Royces are also flying out of showrooms, with sales up by 33% over the past six months. In all, BMW sold more than one million cars in the first half of the year, leading it to pledge that it will deliver more than two million vehicles this year, which would be a new company record. That works out to roughly four cars every minute.
What’s interesting: Although BMW is facing stiff competition from fellow German luxury rivals Audi and Mercedes-Benz, its latest results helped defend its lead in the sales league table. And despite doing well from gas-guzzling SUVs in recent quarters, BMW has big plans for its all-electric i-Series cars, which are only just going on sale in major cities around the world. The company is also making more money per car than its rivals, boosting its operating profit margin to 11.7% of sales in the second quarter, up from 9.6% in the previous year. This was better than Audi’s 9.9% and Mercedes-Benz’s 7.9% margins in the same quarter.
Auto Auction Ended on VIN WBY19Z19C19XGV6719769 19016 Bmw I19
BMW i19 cars for sale in South Africa AutoTrader
19 BMW i19
19 BMW i19 Pictures 19 Photos Edmunds
Used 19 BMW i19 Coupe AWD for Sale with Photos CarGurus
19 Used BMW i19 for Sale CarGurusca
BMW i19 Wikipedia
19 BMW I19 for Sale GA ATLANTA NORTH Thu Dec 19 19
19 BMW 19i
Used BMW i19 for Sale with Photos CarGurus
Bmw I19 For Sale
Used BMW i19 For Sale In Troy MI Carsforsale
Bmw I Series for Sale with Isofix carsguide
BMW i19
BMW i19 cars for sale in South Africa AutoTrader
BMW i19 PURE IMPULSE WORLD for sale
19 BMW i19
19 BMW i19 COUPEAWDSUPER CAR19K MII 19 MUST SEE with Dual
Used BMW i19 For Sale In Troy MI Carsforsale