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Friday, April 20, 2018

BMW drives to new sales record but still lags Mercedes

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German high-end carmaker BMW said Friday it booked record sales for the seventh year in a row in 2017, but continued to trail rival Mercedes-Benz. The Munich-based group said in a statement that sales of its core BMW-brand cars rose by 4.2 percent to almost 2.1 million last year.

Growth was primarily driven by the strong performance of its X-series SUVs and updated 5-series limousines, the statement said.  While sales in China grew by 15 percent, European sales edged forward by one percent and business in the Americas declined by two percent. Despite the record performance, BMW was still unable to catch up with Mercedes, which held on to the pole position in the luxury segment.

-AFP, Frankfurt

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