BMW Group June sales up 2.1 pct as sales of 5 series fall – Reuters

Posted: Wednesday, July 12, 2017

FRANKFURT, July 12 (Reuters) – BMW Group, which owns the Mini, Rolls-Royce and BMW brands, said its June car sales rose 2.1 percent worldwide, despite a 16.5 percent sales dip in Germany and a decline in sales in the new BMW 5 series.

BMW said June sales of the 5 series were down 7.9 percent on the year at 27,595 cars, because of a lack of availability for a new long-wheelbase variant in China that is still in the launch phase and has not yet been rolled out to all showrooms.

Compared with June last year, sales of the 5 series were down 64 percent in China, which makes up about half of all global demand for the 5 series.

Sales in Germany fell. Furthermore, BMW said a delay of certain components from Bosch had led to production shortages. A Takata airbag issue had also caused a steering wheel variant that is popular in Germany, to be unavailable, BMW said.

For the BMW Group, June passenger car sales were up 2.1 percent on the year to 232,620 cars, of which 192,873 were sales of BMW branded cars, the company said. (Reporting by Edward Taylor; Editing by Tom Sims)


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