Buyers interested in a new BMW will start paying a bit more for their Ultimate Driving Machines, beginning yesterday. The Munich, Germany-based manufacturer has announced price hikes across nearly its entire range, covering model years 2013 and 2014, that will sting higher-end customers in particular.
Audi doesn't seem to be having any trouble of hitting its relatively audacious sales goal of two million units by 2020 – it's already on pace to eclipse 1.5 million sales two years ahead of schedule. According to Reuters, the Volkswagen-owned brand rode a wave of sales in China and the US to pace the early goal, with 780,500 deliveries at the halfway point of 2013. Particularly hot models include the Q5 crossover seen above and A4 sedan. Unless things go poorly in the second half of the ye
It's no secret that VW Group, parent company to not only Volkswagen but also Audi, Bugatti, Bentley, Lamborghini, Porsche and Ducati brands sold in the US, is determined to become the world's largest automaker. Even more impressive is that VW is prepared to spend billions to make it happen.
It reported a record profit margin, but BMW still wasn't as profitable as its rival Audi. According to a report in Automotive News, BMW booked an 11.8-percent profit margin, up from eight percent last year. Audi, however, managed 12.1 percent.
BMW and Mercedes-Benz took a bit longer than other manufacturers to report their final sales figures for 2011, and some analysts believe the delay may have something to do with the fact that both automakers were vying for the sales crown among luxury makes. Long-time champion Lexus suffered production setbacks at the hands of the earthquake and tsunami disasters in Japan last March, which left the door open for the two German companies to make a move for the top slot. In the end, Mercedes-Benz a
Automotive News reports that BMW has managed to hold onto the title of world's best-selling premium automaker through September. The company's core brand saw its sales increase by 9.3 percent last month, putting BMW ahead of Audi and Mercedes-Benz at the same time. Audi sales in September increased by 17 percent while Mercedes-Benz saw its sales jump by a more modest two percent. BMW says the recent results underscore the fact that the automaker is well on its way to deliver more than 1.6 millio
BMW is apparently the Ultimate Selling Machine. The German automaker has retained the title of top luxury brand after its most successful July in history, moving 108,721 units for the month. Overall sales are up 17.9 percent for the entire BMW Group through the first seven months of the year.
For the first time in four months, Mercedes-Benz outsold arch-rival BMW in July, as sales for the BMW brand fell 7.7 percent. However, the BMW Group (BMW, MINI and Rolls-Royce) handily outsold the Mercedes Car Group (Mercedes-Benz, Smart, Maybach).
BMW is doing much better than the luxury carmaker had forecast. Speaking at the company's annual meeting, CEO Helmut Panke (right) revealed that the company will reach its 2008 target of 1.4 million in annual car sales a full year ahead of schedule, in 2007. He is now targeting 1.6 million units by 2010 - almost twice the company's unit sales in 2000.