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Posts Tagged ‘German luxury car sales’

Porsche Sales Push German Makers to Record Highs

German luxury makers enjoying impressive sales results in 2014.

by on Dec.11, 2014

The new GT3 is the most powerful naturally-aspirated 911 Porsche has ever produced.

Porsche AG confirmed that 2014 has been a banner year for the makers of high-priced German automobiles: sales for Porsche as well as luxury German makers are at or near all-time highs.

With 2014 nearly complete, Porsche is moving along in high gear as it cruises to record worldwide sales again this year. During November alone, Porsche delivered 17,700 vehicles – an increase of 25% over the same month last year, according to the German automaker.

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“This strong November is evidence that our strategy is working extremely well,” said Bernhard Maier, Member of the Executive Board – Sales and Marketing, Porsche AG. “It also confirms our commitment to taking advantage of every opportunity presented in the global markets,” he said. (more…)

China, Europe Lead BMW to Q1 Profitability

Maker seeks to remain atop the luxury vehicle hill.

by on May.06, 2014

BMW said its X family, including the X3, helped the Bavarian maker to a sales increase in the first quarter of this year.

BMW turned strong sales in China and a nice rebound in Europe into an 8.4% increase in profit before taxes in the first quarter of the year. The news is even better when going straight to the bottom line as the group’s net profit was up 11.4% on a year-over-year basis.

First-quarter sales in Europe rose 3.4% to 214,210 units from last year’s 207,243 units. Asia sales were up 21.8% to 158,582 units with China leading the charge with a 25.4% increase in deliveries to 108,143 units.

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Earnings rose to 1.46 billion euros ($2.03 billion) from 1.31 billion euros in the same quarter a year earlier. The figure was higher than the 1.35 billion euros consensus expectation among analysts surveyed by financial information provider FactSet, according to Reuters. (more…)