BMW: Top-Selling Luxury Carmaker 10 Years In A Row

0
BMW: Top-Selling Luxury Carmaker 10 Years In A Row

BMW has held onto its crown as the top selling luxury carmaker, but rivals Audi and Mercedes-Benz have closed the gap.

A strong December, in which it outsold its main competitors, closed out the 10th year in a row that BMW has taken the top-selling title. Last month saw a jump of 14% in the number of BMW core brand deliveries, to a total of 177,954 cars.

The company stated that full-year sales reached a record 1.81 million, a 10% increase from the previous year, driven largely by strong sales figures in the U.S. and Chinese markets.

Charlie Munger’s Advice For Finding The Best Investments

Charlie MungerWhen it comes to finding future business champions, Warren Buffett and Charlie Munger have really excelled over the past seven decades. Q3 2021 hedge fund letters, conferences and more One could argue that these two individuals are some of the best growth investors of all time, thanks to their ability to spot companies like Coca-Cola Read More

Industry giants

The luxury car sector is the scene of a three-way slugging match between the German brands. Mercedes-Benz dropped into 3rd position back in 2011, losing out to Audi, but has now outsold its rival for 2 months in a row. Mercedes recorded December sales figures of 163,171 vehicles, an increase of 17%.

It was not all bad news for Audi, whose 150,000 vehicles sold represented a 15% increase on 2013 figures.

The figure of 1.81 million total sales is a 9.5% increase over 2013 for BMW. Audi also saw a 10.5% increase in sales to 1.74 million, while third place Mercedes-Benz increased sales 12.9% to 1.65 million total.

BMW’s shifting situation

According to Ian Robertson, BMW marketing chief, sales increased across all important regions due to high demand for new vehicles like the X4, the 2-Series Active Tourer and the electric i3.

Mercedes saw an important shift, with China becoming the carmaker’s second-largest market after the U.S., beating Germany into third. The company sold 29.1% more vehicles this year in China, reaching 281,588.

Analyst Sascha Gommel of Commerzbank predicted that all 3 carmakers would continue to increase sales year-on-year, but added that growth seemed to be slowing in the U.S. and China.

“Demand in the US appears to have outpaced underlying economic growth and the expansion in China is slowing,” he said  “The German premiums will keep growing but at a slower rate.”

The dominance of the big three looks set to continue even if the rate of growth slows down.

Updated on

Previous article Jonathan Clements: Rebalance Stocks and Keep Bonds Short
Next article Market News: Bed Bad & Beyond, Starbucks Corporation, Macy’s
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

No posts to display