MENU
SEARCH
BMW expects sales to rise further next year as new models boost demand, the German carmaker's finance chief told a newspaper on Saturday, without giving a detailed forecast, reported Reuters.
"Of course we expect further growth in 2015 as we will see the full effect from new models coming to the market on production and sales as early as next year," Friedrich Eichiner was quoted as saying by Boersen Zeitung.
"We will also introduce more new models next year. At the moment it is difficult say how that will impact our growth."
The finance chief confirmed the company's 2014 forecast for group profit to rise by up to 10 percent and operating margin of 8-10 percent in its car segment.
Eichiner also said he saw no reason for BMW to consider a merger with another carmaker.
"I cannot think of a positive example in the car industry," he said. "Given our broad portfolio and our clear positioning in the premium car segment, I don't see any need for BMW to think of a merger."
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
Stellantis is adding a third end-of-life vehicle dismantling facility to feed its growing reuse business sparked in large part by autos’ growing lifespans.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →
Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
Read More →
CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.
Read More →
JD Power analysts see auto retail faring this year’s storms well through various means, though it acknowledges conditions are challenging to accurately predict.
Read More →
Car insurance premiums have continued to decline so far this year, the overall national average settling at $138 per month in March, according to Insurify data.
Read More →