Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

BMW outsells Audi, Mercedes but lead over rivals shrinking

Published 10/10/2014, 04:33 AM
© Reuters A BMW logo is seen on a car displayed on media day at the Paris Mondial de l'Automobile

BERLIN (Reuters) - BMW (DE:BMWG) outsold German rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.

Munich-based BMW said on Friday sales of its core premium brand rose 6.1 percent last month to 167,584 cars and sport-utility vehicles, beating its two competitors.

Adding sales of its Mini brand, BMW posted a new record for September in its European home region where closest challenger Audi (DE:VOWG_p) suffered a 1.6 percent sales drop.

BMW, heading for a 10th straight year as global luxury-sales market leader, has seen its overall advantage over Audi shrink to 20,842 cars after nine months of 2014, compared with 28,836 at the same time a year ago.

The year-to-date gap between BMW and third-placed Mercedes-Benz (DE:DAIGn) has shrunk to 124,336 vehicles from 146,946 autos in 2013, due to new model releases.

Mercedes-Benz is enjoying strong demand for a series of redesigned cars, including the E-Class and the flagship S-Class saloon. The Stuttgart-based brand also launched a new C-Class and the GLA offroader in March, paving the way for further improvement in the remainder of the year.

However, the pecking order in the three-way German luxury sales battle is unlikely to change any time soon, research firm IHS Automotive said.

Deliveries of BMW brand cars may jump 23 percent to 2.04 million models by 2019 from an estimated 1.66 million this year, according to IHS. By comparison, sales may rise 16 percent at Audi to 1.91 million and 12 percent at Mercedes to 1.67 million, IHS said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

BMW said on Friday nine-month brand sales were up 9.1 percent to 1.32 million autos. Group deliveries, including the Mini and Rolls-Royce brands, rose 6.5 percent in the first three quarters to a record 1.53 million vehicles.

(Reporting by Andreas Cremer; Editing by Maria Sheahan)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.