BMW reports positive sales figures in China19. December 2019
BMW was able to report an increase in sales figures again. In October 2019, 1.7 percent more BMW, Mini and Rolls-Royce models were sold than in the previous year, 204,925 in total. For the current year, after ten months, a positive balance can also be drawn for the Munich company. Group sales of 2.07 million units were also 1.7 percent higher than in the same period last year. After analyzing the current fiscal year, the new CEO Oliver Zipse said: “After the first three quarters, we are on track to achieve our targets for the year as a whole.
Looking at the individual sales markets by region, demand in China and the USA picked up strongly, while the European market slipped into the red in October. China in particular made a significant contribution to the rising sales figures. Sales rose by 8.8 percent in October and by as much as 13.8 percent over the year. BMW also sold 6.7 percent more cars on the rest of the Asian market in the past ten months than in the previous year.
With its very profitable SUV and luxury models, BMW was able to benefit from a clear demand for these two vehicle categories on the Chinese market. In worldwide production, both the BMW X5 and the smaller BMW X3 increased by more than 67 percent compared to the previous year. The Munich manufacturer’s electric cars were also met with a good response, with sales rising by 8.6 percent. Does your company operate in the automotive industry and its suppliers? The Chinese market continues to promise excellent opportunities and growth rates. Certain products that are exported to China or sold or installed in China must undergo CCC certification. We are happy to advise you on certification according to the CCC (China Compulsory Certificate) guidelines.
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