BMW Group Middle East Half Year Sales Increase by 21%

06.08.2008: BMW Group Middle East Half Year Sales Increase by 21%

The Group records most successful global half year sales in company’s history despite challenging economic circumstances

BMW Group Middle East has announced its half year results with a 21 per cent sales increase over the same period in 2007. Across its 14 importers in the region, 7,953 BMW and MINI vehicles were sold with Dubai achieving the highest overall sales volumes.

While Abu Dhabi, Saudi Arabia and Kuwait were the next best selling markets, BMW’s highest growth rates were recorded in Lebanon and Abu Dhabi, which grew 68 per cent and 56 per cent respectively.

The regional sales results have contributed to BMW Group’s best ever worldwide half year performance, which saw global sales increase 4.7 per cent. Across the company’s three premium brands; BMW, MINI and Rolls Royce, The Group sold 764,874 vehicles.

"The Middle East region is witnessing phenomenal growth both in terms of the local economic environment and the luxury automotive industry. The success we have achieved is being fueled by this growth coupled with the strong commitment of our importers and our strongest and widest ever vehicle range," said Phil Horton, Managing Director, BMW Group Middle East.

"We launched five new models in the region during the first six months: the MINI Clubman, BMW 1 Series Convertible and Coupe, BMW M3 and the all-new BMW X6 Sports Activity Coupe, which have all helped contribute to this growth," added Horton.

The trendsetting BMW X5 Sports Activity Vehicle was the overall standout performer with 1,843 vehicles sold, an increase of 66 per cent. BMW redefined this category in March with the launch of the X6, the world’s first Sports Activity Coupe that combines the sporting elegance of a large Coupe with the powerful presence of a BMW X model. The X6 has been well received with 596 models sold from March to June, and the full year’s production almost completely sold out.

Also contributing to BMW Group’s regional growth was its used vehicle programme, BMW Premium Selection. The BMW sub-brand achieved a 75 per cent sales increase in the last six months. Reserved exclusively for pre-owned BMW vehicles that are less than five years old and which meet very strict quality criteria, the programme caters to the growing number of aspirational clientele in the Middle East.

BMW Group expects continued growth in the second half of 2008 with the launch of an all-new 7 Series flagship model in November, and a significantly re-styled 3 Series Sedan.

Both the BMW 3 and 7 Series are important models for the brand on a global and local level. The Middle East is the company’s fourth biggest market worldwide for BMW 7 Series sales and the model is positioned to set new trends in the luxury performance class. Designed with BMW’s EfficientDynamics technologies, the new 7 Series is a class leader in emissions reduction.

Horton added: "Our robust EfficientDynamics strategy is BMW’s solution to climate protection. It encompasses many technology innovations aimed to reduce fuel consumption and carbon emissions while increasing driving pleasure.

All our 2008 BMW models have been engineered with this technology, and as of August this year, the number of vehicles fitted with BMW EfficientDynamics will exceed one million worldwide.

Next year, we will introduce our first hybrid vehicle, and our longer term climate protection aim is to have zero carbon emissions by using alternative fuels such as hydrogen."

 

BMW Group Middle East first half year 2008 sales vs 2007 at a glance:

à BMW: 7624 vehicles sold
à MINI: 329 vehicles sold, +15% sales increase

Biggest selling models: à X5: 1843 vehicles sold,- +66% sales increase à 3 Series: 1690 vehicles sold, +6% sales increase à 7 & 5 Series models each sold 1202 vehicles à X6 Sports Activity Coupé: 596 vehicles sold from March to June

GCC markets in terms of sales:
Market No. of vehicles sold
Dubai 1953
Abu Dhabi 1432
Saudi Arabia 1000
Kuwait 919
Qatar 522
Bahrain 349
Oman 333

Markets which witnessed the biggest growth were:
Market Sales Growth No. of vehicles sold
Lebanon +68% 288
Abu Dhabi +56% 1432
Kuwait +26% 919
Dubai +19% 1953 

 

- Leanne Blanckenberg, Rabih Habayeb-

Permanent-URL: http://www.automobilsport.com/finance-bmw-group-middle-east-half-year-sales-increase-abu-dhabi-saudi-arabia-kuwait---42199.html

06.08.2008 / MaP

More News

BMW Group adjusts forecast to market conditions
06.08.2008
- Significant deterioration in business conditions - Provisions for residual value risks increased to euro 695 million - Workforce reduction expense of euro107 million - Second-quarter and six-month earnings down - O more >>
Porsche bleibt in Nordamerika in der Erfolgsspur
02.08.2008
Die Dr. Ing. h.c. F. Porsche AG, Stuttgart, hat auf dem nordamerikanischen Markt im zu Ende gegangenen Geschäftsjahr 2007/08 (31. Juli 2008) mit insgesamt 33.692 Auslieferungen trotz des Modellwechsels beim 911 Carrera den hohen Vorjahreswert von 35.398 Einheiten beinahe wieder erreicht; der Rückgang beträgt lediglich fünf Prozent. Von den Kundenauslieferungen entfielen 31.818 Fa more >>
New Mercedes-Benz GLK-Class Posts Impressive Number of Incoming Orders
01.08.2008
* 10,000 orders in Western Europe alone just one month after vehicle was released for sale * Already 1,000 orders for exclusive "Edition 1" model * Customers especially appreciate the GLK’s attractive design, extensive safety features, and typical Mercedes-Benz driving comfort Mercedes-Benz’ new compact SUV has met with an outstanding respons more >>
Mitsubishi Motors announces first quarter fiscal 2008 results
29.07.2008
Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first quarter of the fiscal year ending March 31, 2009.   1Q FY2008 results 1. Performance overview Mitsubishi Motors reports that consolidated net sales totaled 610.1 billion yen in the first quarter of fiscal 2008 (April 1 through June 3 more >>
Mitsubishi Motors announces production, sales and export figures for June 2008 ...
29.07.2008
... and first six months of calendar 2008 Mitsubishi Motors Corporation(MMC) today announced global production, as well as domestic sales and export figures for June 2008 and the first six months of calendar 2008. June 2008 more >>
Audi invests heavily in Taiwan
28.07.2008
* Founding of sales company Audi Taiwan Limited * Ambitious goals for growth * Establishment of an exclusive dealership network Audi is continuing on its course of worldwide growth and will found its own sales company in Taiwan – just as it has in markets such as Canada, Australia and Korea. Audi Taiwan Limited will begin operations in Februa more >>
Audi Group Interim Financial Report: Record sales, revenue and profit
26.07.2008
* Revenue: €17.387 billion (+ 0.1 percent), profit before tax: €1.372 billion (+ 24.2 percent) * Rate of return before tax advances from 6.4 to 7.9 percent * Audi chairman Stadler: "Results offer impressive proof of our company’s strong profitability." Setting new highs in vehicle sales, revenue and profit in the first half of the 2008 fiscal more >>
Porsche Deutschland erweitert Geschäftsführung
24.07.2008
Das starke Wachstum der Porsche Deutschland GmbH, Bietigheim-Bissingen, erfordert auch einen Ausbau der Kapazitäten im Management. Der Vorstand der Dr. Ing. h.c. F. Porsche AG hat deshalb Karsten Sohns (42) zum Finanzgeschäftsführer der Tochterge more >>
Daimler signs memorandum of understanding with government of Iraq
23.07.2008
Daimler AG and the government of the Republic of Iraq have signed a memorandum of understanding on future cooperation in the presence of Michael Glos, German Federal Minister for Economic Affairs. In the memorandum, Daimler AG emphasizes its willingness to support the economic revival of Iraq through various measures. Paramount in this process is the provision of transpor more >>
Vodafone repurchase programme
23.07.2008
The Board of Vodafone Group Plc ("the Company") has considered the market reaction to the Group's Interim Management Statement, issued on 22 July 2008, and has decided to introduce a £1 billion share repurchase programme with immediate effect. This action reflects the Board's belief that the share price significantly undervalues Vodafone. Shares will be purchased on marke more >>
Škoda Auto with record sales
23.07.2008
– PROFIT AFFECTED BY THE CZECH KORUNA The first-half 2008 economic results published today show that, more >>
Toyota reports first half sales and production results in Europe
18.07.2008
Toyota Motor Europe (TME) sold a total of 617,356 Toyota and Lexus vehicles from January to June 2008 – a decrease of 7% on the same period last year – in an overall Greater Europe passenger car market that was up 4%. Toyota and Lexus market share for the first six months of 2008 was down 0.56 percentage points to 5.3%, compared with the same period in 2007. From January to June more >>
Ford-Nutzfahrzeuggeschäft: Erfolgreiches erstes Halbjahr 2008
18.07.2008
Erfolgreiches erstes Halbjahr für die Ford-Nutzfahrzeugsparte: Von Januar bis einschließlich Juni 2008 verkaufte das Unternehmen mit dem blauen Oval in Deutschland 22.908 Nutzfahrzeuge – das sind 5.477 Einheiten oder 31 Prozent mehr als im entsprechenden Vorjahreszeitraum. Zu diesem herausragenden Ergebnis trugen alle vier Nutzfahrzeuglinien (Transi more >>
FORD- Halbjahresbilanz: Sehr erfolgreiches Gewerbekundengeschäft
17.07.2008
Ford ist in Deutschland einer der Gewinner im Firmen- und Gewerbekunden-geschäft und blickt auf ein sehr erfolgreiches erstes Halbjahr 2008 zurück: Das Kölner Unternehmen lieferte in den ersten sechs Monaten dieses Jahres insgesamt 28.322 Fahrzeuge an gewerbliche Kunden aus, 4.297 Einheiten oder 17,9 Prozent mehr als im Vergleichszeitraum 2007. Der more >>
Škoda Auto's sales over the first six months have grown 17.9% ...
15.07.2008
... as compared with last year Škoda more >>
CITROËN au premier semestre 2008
15.07.2008
Ventes* mondiales stables : croissance en France, en Europe centrale et orientale ainsi qu’au Mercosur, résistance en Europe occidentale Succès confirmé de C4 Picasso : Citroën leader européen du segment des monospaces compacts Lancement more >>
Mercedes-Benz leads sales of trucks and buses in Brazil
05.07.2008
* Mercedes-Benz boosted its sales in Brazil with 19,246 trucks and 7,710 buses sold in the first half of this year and ensures its market leadership * The company sets as well a new historical sale more >>
Audi sets new sales record in China
04.07.2008
* More than 60,000 vehicles sold in the first half-year * Sales up by 23 percent * Audi remains the market leader in the premium segment Audi has set yet another sales record in China, delivering a total of 60,509 automobiles to customers in China (including Hong Kong) between January and June – the most successful half-year period in Audi’s more >>
Porsche Consulting erweitert Geschäftsführung
30.06.2008
Die rasante Entwicklung der Porsche Consulting GmbH, Bietigheim-Bissingen, erfordert auch einen Ausbau der Kapazitäten im Management. Der Vorstand der Dr. Ing. h.c. F. Porsche AG, Stuttgart, hat deshalb Dr. Wolfgang Lindheim (47) zum kaufmännischen Geschäftsführer der Tochtergesellschaft berufen. Vom 1. August 2008 an wird Dr. Lindheim die Ressorts Finanzen, Controlling, Personal more >>
Mitsubishi Motors announces production, sales and export figures for May 2008
26.06.2008
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for May 2008. Production: total and in Japan Total global production came in at 98,959 units, a decline of 8.7 percent over May last year and marking the third consecutive monthly decrease. Production volume in Japan at 62,039 units was up 7.8 perce more >>
Škoda Auto reinforces its positions in its home market as well as abroad
20.06.2008
Škoda Auto delivered nearly as many vehicles over the first five months of 2008 as it had over the first six months of 2007. Altogether 301,521 customers have bought a Škoda since the beginning of this year, 18.4% more than last year. Despite the generally difficult situation and the overall automotive market slump in Western Europe, Škoda Auto's sales in this region have more >>
Daimler AG invests in expansion of Sprinter production
18.06.2008
* Sprinter plants in Ludwigsfelde and Düsseldorf expand production * Capital spending volume of 177 million euros * 25 percent increase in total capacity * Securing of existing jobs and potential for 500 new jobs The Mercedes-Benz Sprinter introduced to the market in spring 2006 has been outstandingly well received by customers. To be more >>
Daimler to start new share buyback program
17.06.2008
* Goal of further optimizing capital structure * 10% of outstanding shares to be acquired for a maximum of €6 billion For the further optimization of Daimler’s capital structure, the Board of Management of the company decided to carry out a new share buyback program. The Supervisory Board of Daimler AG has approved this decision. In exercise more >>
Porsche beendet Rechtsstreit mit der Börse einvernehmlich
13.06.2008
Die Porsche Automobil Holding SE, Stuttgart, und die Deutsche Börse legen ihren Rechtsstreit über die Veröffentlichung von Quartalsberichten einvernehmlich bei. Beide Parteien haben vereinbart, das Verfahren übereinstimmend als erledigt zu erklären und die jeweils entstandenen Kosten selbst zu tragen. Da die Aktie der Porsche Automobil Holding SE in den neu geschaffenen more >>
Mikrofinanzierung: Investition mit sozialer Rendite
12.06.2008
32. Oikocredit-Generalversammlung von Oikocredit in Hyderabad Auf der 32. Oikocredit-Generalversammlung von Oikocredit, einem der weltweit führenden Refinanziers im Mikrofinanzsektor, wurde beschlossen, an die Mitglieder im 15. Jahr in Folge erneut eine Dividende von 2 % auszuschütten. Diese Ankündigung mag angesichts der höheren Rendite, die einige neuere M more >>
Altes Auto gegen Traumwagen tauschen: Auto-Barkredit von GE Money Bank
06.06.2008
Mit GE Money Bank Gebrauchtwagen finanzieren und Gratis-Tankgutscheine holen GE Money Bank - der Spezialist für Kredit und Leasing im Bereich Konsumentenfinanzierung - lässt Autofans nicht im Stich: Ab sofort - und noch bis Mitte Juli - bietet die GE Money Bank Gebrauchtwagenfinanzierung bei Privatkäufen zu günstigen 6,99 % Nominal p.a. an.  Autoträ more >>
Mitsubishi Motors announces production, sales and export figures for April 2008
27.05.2008
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for April 2008. Production: total and in Japan Total global production came in at 101,280 units, a decline of 3.5 percent over April last year and marking the second consecutive monthly decrease. Production volume in Japan at 62,970 units was up 6.0 more >>
Porsche SE klagt gegen Ablehnung ihres Ergänzungsantrags
27.05.2008
Die Porsche Automobil Holding SE, Stuttgart, klagt gegen die Ablehnung ihres Ergänzungsantrags durch die Volkswagen-Hauptversammlung am 24. April 2008. Dort hatte das Unternehmen den Antrag eingebracht, die VW-Satzung vollständig an das Urteil des Europäischen Gerichtshofs (EuGH) zum VW-Gesetz anzupassen, da das Urteil auch unmittelbare Rechtsfolgen für die more >>
20 Jahre Toyota Kreditbank
25.05.2008
Anlässlich ihres Jubiläums blickt die in Köln ansässige Importeursbank auf eine erfolgreiche Geschäftsentwicklung zurück Die Toyota Kreditbank GmbH feiert in diesem Jahr ihren zwanzigsten Geburtstag. Zwar noch eine junge Autobank, zählt sie jedoch zu den erfolgreichen Herstellerinstituten gemessen an ihrer mehrfach ausgezeichneten Servicequalität und der hohen Kund more >>
Russia: to accelerate their growth, PSA Peugeot Citroën and Mitsubishi Motors Corporation set up a joint venture
22.05.2008
Christian Streiff, Chairman of the Board of PSA Peugeot Citroën and Osamu Masuko, President of Mitsubishi Motors Corporation (MMC), have signed a joint venture agreement to produce vehicles for 3 brands, Peugeot, Citroën and Mitsubishi in Russia. The assembly plant will be located on the site of Kaluga, 180 km South-West of Moscow. It will produce mid-range SUVs for Mitsu more >>
Škoda Auto's sales grew by more than 20% in April
21.05.2008
Škoda Auto's sales grew in all regions of its presence in April. The total sales reached 63,726 Škoda vehicles, 23.3% more as compared with the same period of last year. Also compared with last year, the cumulative sales over the period January - April 2008 grew by 17.7 %, reaching 237,200 vehicles. The fastest-growing markets over the first four months of this year are R more >>
FORMAT: Manfred Swarovski bringt Swarco 2011 an die Börse
15.05.2008
Erste Bank und RRS mit Platzierung von Hybridanleihe beauftragt Der Tiroler Unternehmer Manfred Swarovski plant den Börsengang der Swarco Holding AG. 2011 soll die auf Verkehrssicherheit spezialisierte Firma an der Wiener Börse notieren. Das berichtet das Wirtschaftsmagazin FORMAT in seiner aktuellen Ausgabe. Swarovski hat die Erste Bank sowie den Wiener Ka more >>
Volkswagen passt Pkw-Preise in Deutschland an
09.05.2008
Volkswagen hebt zum 29. Mai 2008 die unverbindlichen Preisempfehlungen für bestimmte Pkw-Modelle in Deutschland um rund 0,8 Prozent an. Ausgenommen von dieser Preisanpassung bleiben die Modelle Golf, Golf Plus, Passat, Passat Variant und Phaeton. Die Anhebung liegt deutlich unter der allgemeinen Preissteigerung in Deutschland, die im April 2008 2,4 Prozent betrug. more >>
Škoda Auto Gruppe weist wachsende Verkäufe aus ...
07.05.2008
.. STARKE KRONE BREMST IHR ERGEBNISWACHSTUM Škoda Auto hat im ersten Quartal 2008 mit 173.5 Tsd. Pkw mehr Fahrzeuge an Kunden ausgeliefert als je zuvor. Damit wurde der Vorjahreswert um 15,7 Prozent (+23.6 Tsd. Fahrzeuge) übertroffen. Einen entscheiden Anteil hieran hatte insbesondere die positive Entwicklung auf dem chinesischen Markt. Gleichzeiti more >>
Daimler to become new key shareholder in Tognum
02.05.2008
* Daimler AG to acquire 22.3% equity interest from EQT * Daimler to participate in growth potential: protection of long-term    supply relations between Daimler and Tognum * Blocking minority stake targeted Daimler AG aims to acquire EQT’s 22.3% equity interest in Tognum AG and has entered into an agreement in this matter. The more >>
Porsche behauptet sich in Nordamerika
01.05.2008
Die Dr. Ing. h.c. F. Porsche AG, Stuttgart, erreichte im April 2008 in den USA und Kanada trotz des weiter verschlechterten wirtschaftlichen Umfelds ein gutes Absatzergebnis. Mit 3.099 Fahrzeugen lagen die Auslieferungen an Kunden fünf Prozent unter dem Vorjahreswertvon 3.248 Einheiten. Grundlage dieser Entwicklung war die zweite Generation des sportlichen Geländewagens C more >>
Emirates erzielt erneut Rekord-Ergebnis
01.05.2008
- Konzerngewinn stieg um 54,1 Prozent auf US Dollar 1,45 Milliarden - Gewinn der Fluglinie erreicht Rekordergebnis von US Dollar 1,37    Milliarden (plus 62,1 Prozent) - Dividende beträgt US Dollar 272,5 Millionen - Konzern trägt US Dollar 12,8 Milliarden zur Volkswirtschaft des Emirats   Dubai bei Ber more >>
Richter geben Porsche Recht
30.04.2008
Die Porsche Automobil Holding SE, Stuttgart, begrüßt die Entscheidung des Arbeitsgerichts Stuttgart, die vom VW-Konzernbetriebsrat angestrengte Klage abzuweisen. Die Arbeitnehmervertreter von VW vertraten die Rechtsauf-fassung, dass der Wolfsburger Automobilhersteller von Porsche beherrscht werde und sie deshalb am Zustandekommen der Mitbestimmungsverein-barung der Porsche SE hät more >>
SUZUKI Motor Corporation steigert weltweiten Umsatz um 10,7 Prozent auf 21,5 Milliarden Euro
28.04.2008
Neuntes Rekordjahr in Folge / Betriebsergebnis steigt um 12,4 Prozent Mit einer Umsatzsteigerung von 10,7 Prozent auf 3.502 Milliarden Yen (21,5 Milliarden Euro) hat die SUZUKI Motor Corporation das Geschäftsjahr 2007/08 abgeschlossen. Mit einer Umsatz more >>
2001-2022 copyright automobilsport.com