BMW Group eyes to top 2 million sales this year

Article by Anita Panait, on March 10, 2014

BMW Group is planning to sell over 2 million cars and sports utility vehicles this year, expecting further demand in China and the United States. For the first two months of 2014, the group posted a 7-percent rise in deliveries, boosted by a 9-percent gain at the BMW nameplate, chief executive Norbert Reithofer said at a Geneva Motor Show press briefing.

BMW is showcasing a new compact van dubbed the 2-series Active Tourer and the 4-series coupe based on the 3-series sedan. It is also presenting the latest versions of its M3 and M4 high-performance models, Reithofer said that BMW will need an additional site in North America and intends to expand its two plants in China to meet future demand.

BMW, as well as rivals Audi and Mercedes-Benz, are all aiming for a fourth straight year of record deliveries in 2014. They are trying to produce away from Europe, which slumping sales were being offset by sales growth abroad.

BMW Group posted a 6-percent surge in sales in 2013 to 1.96 million cars and SUVs, with its namesake brand logging an 8 percent gain to 1.66 million deliveries. Audi, meanwhile, recorded an 8-percent rise in deliveries in 2013 to 1.58 million. The Mercedes-Benz brand, on the hand, had a double-digit sales growth at 11 percent to 1.46 million vehicles.

BMW is planning to increase capacity at its Tiexi and Dadong sites in China, Reithofer said. The German carmaker also produces SUVs at its Spartanburg plant in South Carolina. Reithofer said they expect sustained demand gains in China and the US this year. The Chinese and US both posted high sales growth in 2013, offsetting a sixth consecutive year of slumping demand in Europe. [source: Bloomberg]

Topics: bmw, sales

If you liked the article, share on:

Comments

Recommended

Not a few agree that the Volkswagen Polo news a styling overhaul. While this supermini still looks good as it is now, the latest facelift was around three years. With...
by - April 27, 2017
They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing...
by - April 27, 2017
What defines a coupe? Well, according to the dictionary, “it is a car with a fixed roof and two doors”. Ok, now that it is clear, when does one not...
by - April 27, 2017
Back in 2013 was when the first hot hatch was released, that was the original A45 by Mercedes-AMG, carrying a hand-built 2.0 liter M133 turbo mill. It was then then...
by - April 27, 2017
BMW dealers have a problem, a good problem. The demand for the 2017 BMW 5 Series is very high, they cannot attend to all the customers. But actually, supplies are...
by - April 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries