Wednesday, 17 January, 2018, 5:09 PM
Home Business

BMW drives to new sales record but still lags Mercedes

Published : Sunday, 14 January, 2018 at 12:00 AM Count : 27

FRANKFURT, Jan 12: German high-end carmaker BMW said Friday it booked record sales for the seventh year in a row in 2017, but continued to trail rival Mercedes-Benz.
The Munich-based group said in a statement that sales of its core BMW-brand cars rose by 4.2 per cent to almost 2.1 million last year.
Growth was primarily driven by the strong performance of its X-series SUVs and updated 5-series limousines, the statement said.
While sales in China grew by 15 per cent, European sales edged forward by one per cent and business in the Americas declined by two per cent.
Despite the record performance, BMW was still unable to catch up with Mercedes, which held on to the pole position in the luxury segment with sales of 2.3 million units last year.
Nevertheless, sales chief Ian Robertson insisted that the BMW group as a whole was "the world's leading premium automotive company".
Taking into account sales of BMW's Mini and luxury Rolls-Royce units, the group sold some 2.46 million vehicles worldwide last year.
By comparison, Mercedes-Benz and its Smart brand sold 2.42 million units.
Also on Friday, Volkswagen subsidiary Audi -- another Bavarian contender in the high-end segment -- reported sales up just 0.6 per cent year-on-year in 2017, at almost 1.9 million vehicles.
Audi's sales were near flat in Europe and grew only one per cent in China.
But shipments of cars with the four-rings logo surged 7.8 per cent in the United States, where Audi has in recent years made headlines for its role in VW's 'dieselgate' emissions cheating scandal.    -AFP







« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisement: 9513663
E-mail: info[at]dailyobserverbd.com, news[at]dailyobserverbd.com, advertisement[at]dailyobserverbd.com,   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft