BMW global sales show rapid growth

BMW global sales show rapid growth

November 15, 2019 0 By autotimesnews

The growth in sales in October was due to success at the two largest car markets in the world – in China and the USA.

The German auto giant BMW spoke about its worldwide sales for October this year. Last month, the concern’s cars sold 204,295 copies, which is 1.7% more than last year. In the period from January to the end of October, dealers of the German brand have already sold 2,070,496 new cars. The main driver of sales growth was the success of premium models in the segment – the new BMW 8-Series, as well as the BMW 7-Series and the new X7. Due to sales of these cars, the brand’s share in the luxury car segment reached 60%, which is a kind of record.

Sales of electric vehicles made a good contribution to the overall figure – in October of this year, 8.6% more electric cars were sold than a year earlier. Best in this segment is the BMW i3. If we talk about global markets, then China and the USA brought the greatest success in October.

 Last month, 61,400 BMW cars were sold in China, which is 8.8% better than October 2018. This result is very encouraging, as the Chinese car market has been declining for the 16th month in a row.

 In the United States, the German automaker was able to sell 28,402 cars, which is 7.5% better than last year. In Europe, BMW has seen a drop in demand of 3%.