BMW breaks new ground
- March 9, 2018
- Posted by: Simon Wait
- Category: Industry News
The BMW Group has once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year.
Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings.
In addition, the BMW Group delivered more than 100,000 electrified vehicles to customers for the first time in a single year, firmly underpinning the Group’s Strategy NUMBER ONE > NEXT which aims to transform the mobility sector with its future-oriented ACES programme: Automated, Connected, Electrified and Services.
‘We can look back on the most successful year in our corporate history and have achieved record levels for revenues and earnings for the eighth year in succession,’ stated Harald Krüger, chairman of the Board of Management of BMW AG. ‘Since 2016, we have taken numerous strategic decisions to further grow our business on a sustainable basis in the years ahead.’
Automotive sales volume increased by 4.1% to a new record level of 2,463,526 units in 2017 (2016: 2,367,603 units). Deliveries of electrified vehicles jumped by 65.6% to 103,080 units, driven by the all-electric BMW i3 sales which have risen every year since the model’s market launch in 2013. The BMW Group intends to increase the sales volume of electrified vehicles to at least 140,000 units in 2018 and bring more than half a million electrified vehicles onto the roads by the end of 2019.
The BMW Group expects worldwide deliveries of its vehicles to rise in 2018. ‘This year we are targeting another new sales record, with deliveries slightly up on the previous year’, Krüger stated. At the same time, the BMW Group expects the political and economic environment to remain volatile.