BMW reports largest quarter profit in 2 1/2 years, new 5-Series sells over 25k units
BMW Group reported its largest quarter profit in 2 1/2 years due to its popular and new 2011 BMW 5-Series and increase overall sales in the United States and China. The automaker reported a second-quarter net income of $1.1 billion, almost seven times higher than a year ago.
BMW said it sold over 25,000 units of the new 2011 BMW 5-Series, which went on sale in Europe in March. In the U.S., where the new 5 just went on sale, BMW sold 2,724 units, a 10 percent increase from the same period a year ago.
” Our models are attractive more than ever,” said BMW CEO Norbert Reithofer. “This applies to all models, irrespective of the segment. Let me give you some examples for the first half of the year.”
- Over 30,700 BMW 7 Series were delivered to customers, making the 7 Series the clear segment leader.
- The new BMW 5 Series Sedan sold 25,000 units in the three and a half months since its market launch.
- Over 68,600 customers bought a BMW X5 or X6.
- More than 46,700 customers chose a new BMW X1.
- We delivered 199,000 BMW 3 Series and more than 103,000 BMW 1 Series.
- And we have never sold more Rolls-Royce motor cars in a six-month period than in 2010.
“All in all, worldwide sales of BMW, MINI and Rolls-Royce in the first six months of the current business year stood at over 696,000 cars and exceeded last year”s period by 13 percent,” Reithofer said.
2011 BMW 5-Series:
– By: Omar Rana
