[Jason]

BIMMERPOST NEWS

BMW Group sales growth continues for best ever August

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Deliveries in August up 7.2% to total 156,437
BMW brand grows 7.6% in August with 135,735 vehicles delivered
Group year-to-date sales total 1,429,390, up 7.4%
Strong momentum in Europe: +10.5% in first eight months
MINI sales up 20.6% in year-to-date: deliveries total 211,826

Munich. The BMW Group achieved its best ever August sales result with deliveries of BMW, MINI and Rolls-Royce brand vehicles totalling 156,437 for the month, an increase of 7.2% compared with the same period last year. It’s also been the company’s best ever first eight months with year-to-date sales up 7.4% (1,429,390).

“Whilst the general economic situation remains challenging in some markets, we are consistently selling more vehicles than ever before around the world,” said Ian Robertson, Member of the Board of Management of BMW AG, Sales and Marketing BMW. “Although the rapid normalisation of the Chinese market has created some headwinds there, we are seeing excellent rates of growth in Europe, while many Asian markets and the NAFTA region are also developing very positively. We continue to follow our long-standing policy of balancing sales globally and avoiding dependency on any single market. With exciting new models like the 7 Series and the BMW X1 still to come this year, I remain confident that our current global sales growth will continue through 2015,” he commented.

The BMW brand increased its global sales by 7.6% in August, with a total of 135,735 vehicles delivered to customers in the month. Sales for the year-to-date rose 5.5% to 1,215,298.

Sales growth in August was driven most strongly by the BMW brand’s many recently introduced or refreshed models. Global customer deliveries of the BMW 1 Series stood at 11,498, a 4.8% increase on the same month last year. BMW 2 Series sales remain strong with a total of 12,648 units delivered in August. Deliveries of the recently updated BMW 3 Series rose 4.4% in the month, with 35,497 sold around the world. Meanwhile the BMW X4, introduced just over a year ago, saw its monthly sales jump nearly 90% to a total of 3,723. Customer deliveries of the BMW X6 more than doubled to total 3,082 in the month.
In the first eight months of 2015, a total of 16,800 BMW i vehicles were delivered to customers around the world.

August saw 20,471 customers around the world take delivery of a new MINI, an increase of 5.0% on the same month last year. Year-to-date sales climbed 20.6% to total 211,826. The brand has never previously sold so many vehicles in the first eight months of the year. So far this year, sales of the MINI 3 door grew by 18.7% (80,960) with customer deliveries of the new MINI 5 door totalling 57,364 in the same period.

All major global regions have achieved growth in August and the year-to-date, in line with the BMW Group’s strategy of balanced global sales.

Europe has seen considerable momentum so far in 2015, with BMW and MINI combined sales up 10.5% on the same period last year (622,625). The BMW Group’s fourth biggest market, Great Britain, continues to achieve considerable sales growth with 131,608 vehicles delivered to customers so far this year, an increase of 14.4%. Many other markets also achieved double-digit growth. Customer deliveries in France, for example, are up 20.9% (48,959). Many southern European markets are posting considerable growth in sales. Portugal is just one example - customer deliveries so far this year have increased 26.4% to total 9,423.

Sales in the Americas continue to achieve solid growth; a total of 321,375 BMW and MINI vehicles have been delivered to customers in the region so far this year, an increase of 7.4%. In the USA, sales in the first eight months of 2015 totalled 263,908, up 7.3%. Customer deliveries in Canada over the same period rose 11.8% (27,094) while sales in Mexico climbed 18.7% (11,013).

Deliveries of BMW and MINI vehicles in Asia in the year-to-date increased by 3.8% compared with the same period last year, totalling 440,908. For the first time ever, Mainland China achieved sales of over 300,000 in the first eight months of the year with deliveries up 0.9% to 301,529. Meanwhile the biggest growth drivers in the region remain Japan and South Korea. Deliveries in Japan climbed 11.3% in the year-to-date (42,920) while sales in South Korea saw even stronger growth of 20.7% (35,671).

Sales of BMW Motorrad motorcycles and maxi-scooters continue to show excellent momentum. A total of 8,737 units were sold in August, an increase of 15.2% compared with the same month last year. In the first eight months of the year, 101,323 customers took delivery of a BMW Motorrad vehicle, the first time the brand has sold over 100,000 units by this point in the year and up 12.3% on the same period last year.

[ORIGIN M.]

Nice !

[goj]

BMW certainly knows how to create great products.

[georgere]

I don't get it - every few months we see this type of reports and I cannot help but notice that this success is not exactly reflected in BMW stock price. Common, continuous for years grows and the stock at around 100$. Is something not reported?

[goj]

Originally Posted by georgere

I don't get it - every few months we see this type of reports and I cannot help but notice that this success is not exactly reflected in BMW stock price. Common, continuous for years grows and the stock at around 100$. Is something not reported?

I haven't looked but what's the quarterly/annual growth in the bottom line for BMW?

BMW seems to be a fundamentally sound company with good management from a business perspective.

Keep in mind that optimism and pessimism play a huge part in the stock markets. BMW stock will shoot up if there is some kind of disruptive technology that gets investors excited. As we have seen with tesla, google, Apple etc.

But rest assured companies like BMW that show good financial fundamentals and sales growth will likely creep up over time.

If I was to make an educated guess on why it's a pretty static stock I would guess it's the industry not the company. Overall the automobile companies I follow are pretty static.

[Matski]

Originally Posted by georgere

I don't get it - every few months we see this type of reports and I cannot help but notice that this success is not exactly reflected in BMW stock price. Common, continuous for years grows and the stock at around 100$. Is something not reported?

Sales numbers aren't directly what gets people to invest. If their numbers go up, but profits drop, less people will want to invest/buy and the share price will drop. I'd guess BMW's profits are pretty stable, and therefore there isn't really much movement in share price.

The quarterly's are where profits are spoken about, the monthly sales figures just give people confidence in how the company is performing in general.

edit: in the June quarterly...

"while profit before tax, at € 4,851 million, came in at the previous year‘s level (+0.8%)"

Which isn't a huge amount percentage wise I guess... another thing to bear in mind, BMW don't just make money selling cars.. Revenues of 40 Billion Euros for car sales in a six month period, and on top of that 12 Billion for Financial Services... for instance.

[georgere]

Thanks makes sense

[phoenixbmwlife]

Originally Posted by georgere

I don't get it - every few months we see this type of reports and I cannot help but notice that this success is not exactly reflected in BMW stock price. Common, continuous for years grows and the stock at around 100$. Is something not reported?

You just hit on a topic I have been wondering myself.

[fecurtis]

Originally Posted by PhoenixWolf

You just hit on a topic I have been wondering myself.

Other things investors look at:

Revenue/Revenue Growth
Gross Margin/Gross Margin Growth
Profit/Profit Growth
Profit Margin/Profit Margin Growth
Overall Cash Flow

That's basically an overly simplified view of it in a nutshell. If you're a start up who wants to eventually be acquired, things like profit may not be as important, but gross margins will still matter.

[Lucky13]

I think they have stated that margins and gross profit in China are dropping but that's true for all manufacturers as their market is over saturated with inventory. Everyone has been living off the China market and that's about over at least for earnings.