Bmw sends the cars intended for Europe in the U.S. and Asia, due to poor demand

Article by Christian Andrei, on October 19, 2012

As auto sales have weakened in Europe due to the economic crisis, the tens of thousands of cars that BMW AG intended for Europe were instead sent to the U.S. and Asia. At an event in Munich last Wednesday, Ian Robertson, BMW sales chief, said that the difficulties the company faces in Europe are “getting greater.”

He believes that it may take years before the region stabilizes and the auto market recovers. The auto industry in Europe is predicted to experience its steepest drop in annual sales in 19 years this year. BMW has been able to avoid the full force of the debt crisis in Europe due to the high demand in the U.S. and China for its vehicles such as the new 3-Series sedan.

In September, the brand reported a 14% increase in sales of its cars and SUVs worldwide, which aided in raising the nine-month deliveries by 8.6% to 1.11 million vehicles. Robertson also said that there will be \"good\" growth in the U.S. in October and November. He also thinks that the Chinese market remains attractive even if growth has slowed since the start of 2012.

He said that the slowdown in China is related to the problems in Europe. Robertson explained that the growth in other countries doesn’t aid BMW’s partners in Europe and so the company may have to help dealers get through the crisis, particularly in Spain where decisions have to be made on whether to restructure the dealers’ network.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 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