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BMW reveal strong third quarter sales figures

BMW have revealed deliveries in the third quarter have beaten its forecasts as the new BMW X1 SUV and revamped 5-series saloon won the German manufacturer new customers.

BMW CEO Norbert Reithofer said sales of BMW, Mini, Rolls-Royce cars and SUVs rose around 16% in September to cap a “very good” three-month period.

Group deliveries in September 2009 totalled 122,354 units while sales increased 9.1% in July 2010 and 13% in August.

Reithofer declined to comment on financial expectations for the third quarter, saying he hasn’t seen internal figures yet.

BMW has set a target of selling 2 million cars and SUVs by 2020, and is planning on 10% growth in deliveries in 2010 to 1.4 million units.

The car maker, which is also developing a new front-wheel-drive model, will overhaul the 1-series and 3-series models in the next two years, providing momentum for sales independent of economic developments, Reithofer said at the Paris motor show.

The front-wheel-drive technology will be installed in BMW-brand models and will also be used in the Mini model line-up, Reithofer went on.

Sales volumes for the vehicles could total 700,000 to 1 million vehicles a year, he said whilst also revealing that BMW won’t be in need of a partner for the front-wheel-drive platform because it can generate economies of scale on its own.

Oct 4, 2010MTI
  • BMW profits surge in 1st quarter
  • BMW global sales up 20% in November
  • Seat and Bentley the losers as VW announce strong 3rd quarter figures
  • Latest figures reveal massive potential for growth in Chinese car market
  • Porsche reveal record sales
  • Strong profits for BMW driven by improved trading conditions and demand from Asia
  • Italy, France and Spain all suffer new car sales drop in SeptemberVolvo expect to sell 380,000 cars in 2010
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