BMW Records Record Sales, more to come - BMW 3-Series (E90 E92) Forum

dickster · 01-26-2007, 05:45 AM

Reuters is reporting that BMW's revenue is up once again and that forecasts for 2007 are also encouraging.

Here's the story:

- - - - - - - - - - -

FRANKFURT (Reuters) - BMW's revenue rose by 5 percent to a record 49 billion euros ($63.6 billion) in 2006, it said on Friday, reaffirming that its 2006 pretax earnings would hit 4 billion euros.

BMW had already announced that 2006 unit sales rose 3.5 percent to just over 1.37 million BMW, Mini and Rolls-Royce cars, securing its position as the world's largest premium carmaker ahead of DaimlerChrysler's Mercedes Car Group.

During the Detroit car show this month, sales and marketing chief Michael Ganal nudged the group's 2007 sales target of 1.4 million units up a bit, telling reporters he was confident it could exceed that goal.

On Friday, BMW reiterated that it would sell more than 1.4 million units this year.

"The BMW Group is heading toward a new sales volume record in 2007," Norbert Reithofer, chairman of BMW's management board, said in a statement on Friday.

"We want to maintain our position in the current year as the number one manufacturer in the premium segment. All three brands should achieve new sales volume records."

The last time that BMW reported a decline in annual group vehicle deliveries was 2001, when the Mini first hit showrooms in the second half and also the group's first year following the sale of the Rover and Land Rover brands in 2000.

BMW's top-selling car remains the BMW 3 Series family, whose sales rose 17.1 percent last year to 508,498 vehicles -- 43 percent of BMW brand sales. That was followed by the BMW 5 Series car, the small BMW 1 Series car and the X3 sport utility vehicle.

In Detroit, Ganal had declined to say whether earnings growth would keep pace this year. Pre-tax profit was nearly 3.29 billion euros in 2005.

- - - - - - - - - - - - - - - -

This comes at a time when Ford announced its worst losses in the company's 103-year history.

Go, team!

SpecC · 01-26-2007, 05:47 AM

makes us too common and not exclusive enough!

good news for bmw though

01-26-2007, 05:45 AM	#1
dickster Private Drives: MB SLK230; Ferrari 206GT Dino Join Date: Nov 2006 Location: Newport, Oregon Posts: 45 iTrader: (0)	BMW Records Record Sales, more to come Reuters is reporting that BMW's revenue is up once again and that forecasts for 2007 are also encouraging. Here's the story: - - - - - - - - - - - FRANKFURT (Reuters) - BMW's revenue rose by 5 percent to a record 49 billion euros ($63.6 billion) in 2006, it said on Friday, reaffirming that its 2006 pretax earnings would hit 4 billion euros. BMW had already announced that 2006 unit sales rose 3.5 percent to just over 1.37 million BMW, Mini and Rolls-Royce cars, securing its position as the world's largest premium carmaker ahead of DaimlerChrysler's Mercedes Car Group. During the Detroit car show this month, sales and marketing chief Michael Ganal nudged the group's 2007 sales target of 1.4 million units up a bit, telling reporters he was confident it could exceed that goal. On Friday, BMW reiterated that it would sell more than 1.4 million units this year. "The BMW Group is heading toward a new sales volume record in 2007," Norbert Reithofer, chairman of BMW's management board, said in a statement on Friday. "We want to maintain our position in the current year as the number one manufacturer in the premium segment. All three brands should achieve new sales volume records." The last time that BMW reported a decline in annual group vehicle deliveries was 2001, when the Mini first hit showrooms in the second half and also the group's first year following the sale of the Rover and Land Rover brands in 2000. BMW's top-selling car remains the BMW 3 Series family, whose sales rose 17.1 percent last year to 508,498 vehicles -- 43 percent of BMW brand sales. That was followed by the BMW 5 Series car, the small BMW 1 Series car and the X3 sport utility vehicle. In Detroit, Ganal had declined to say whether earnings growth would keep pace this year. Pre-tax profit was nearly 3.29 billion euros in 2005. - - - - - - - - - - - - - - - - This comes at a time when Ford announced its worst losses in the company's 103-year history. Go, team!

01-26-2007, 05:47 AM	#2
SpecC Completely obsessed with detailing Drives: E90 SG 330i, white Scion tC Join Date: Nov 2006 Location: San Francisco and Davis Posts: 15,263 iTrader: (4)	makes us too common and not exclusive enough! good news for bmw though