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Old 04-10-2014, 09:15 PM
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BMW Sales Keep Cranking...

Esp in last reported March...bought a few hundred shares ~5 yrs ago, in the mid 20s Euro. Wish I had bought more, now at ~90 Euros, but mkt hindsight is always better and wishful, lol!

NEway, Xs are hot, 3 series are hot, China is hot.

If I had bought more shares maybe I could afford a new X.
BR, mD


BMW Had Strongest Month Ever in March

By William Boston
Updated April 9, 2014 12:20 p.m. ET

Munich-based BMW hopes to gain momentum through sales of its new Mini models. Bloomberg News

BERLIN— BMW AG BMW.XE -0.85% is known to make cars that are both fast and exciting. Lately, its stock performance has been, too.

For the past few weeks the German luxury car maker's stock has been tearing up the track as investors who have watched the company's stock wallow in the past are coming off the fences and putting it on their buy list.

Although BMW's share price has risen 7% so far this year, most of that growth has happened since March 19, when the company issued a bullish profit outlook that sent its shares soaring by more than 14% since.

"BMW has largely been seen as a dull play with lagging product momentum and increasing costs," Arndt Ellinghorst, an automotive analyst at London-based researchers International Strategy & Investment Ltd, said in a note to investors. "This has now changed. Management has proved critics wrong that 2014-15 will be more of the same."

BMW delivered more evidence of the change taking place on Wednesday when it reported its strongest-ever sales month in March, defending its position as the world's leading premium car brand, buoyed by strong sales in China and continued recovery in Europe.

The strong performance of the BMW brand helped the group notch up record monthly sales of 212,908 vehicles in March and offset a loss of momentum at the auto maker's Mini unit, whose latest model was delivered to dealers only at the end of the month, BMW said.

In the first three months of 2014, BMW's global sales rose nearly 9%, helped by strong sales of its X-series SUVs.

In the first three months of the year, global sales of BMW brand cars, sport-utility vehicles, Minis and Roll-Royce rose nearly 9% to 487,024 vehicles, helped by strong sales of its X-series and the 3 Seriescars.

"This is the first time in the company's history that over 200,000 vehicles were delivered to customers in a single month," said Ian Robertson, BMW's head of sales. "Despite continuing economic uncertainties, we are experiencing steady improvement in almost all regions," Mr. Robertson said.

BMW, Audi, NSU.XE -0.47% the luxury brand owned by Volkswagen AG VOW3.XE -0.23% , and Daimler AG DAI.XE -4.46% 's Mercedes-Benz are involved in a heated race for dominance of the premium car market. Between them, the three German car makers control nearly 80% of the global market for premium automobiles, according to industry estimates.

BMW is still leading its rivals Audi and Mercedes in cars sold, but the competition has been growing faster, trying to close the gap with BMW. Audi reported a 12% rise in sales to the end of March, while Mercedes-Benz sales rose 14%.

BMW, Daimler Upbeat on Luxury Car Outlook - WSJ.com





BMW keeps its lead as the world's biggest-selling luxury car maker. Here, a BMW M4 DTM in pre-race testing on a track near Budapest in Hungary earlier this month. BMW

Audi previously reported sales of 412,850 cars in the first three months of the year, up 12%, while Mercedes sold 374,276 cars.

Munich-based BMW hopes to regain momentum through a pickup of sales of its new Mini models and the launch around midyear of its X4 SUV and its i3 electric vehicle in the U.S., which BMW believes will become the largest single market for its electric vehicles.

Some investors still aren't convinced about BMW. Bernstein Research, for example, is encouraging its clients to invest in the parent company of BMW's China venture, Brilliance Automotive, which is listed on the Hong Kong Stock Exchange. Bernstein said Brilliance is cheaper and gives investors exposure to the largest growth story at BMW.

Daimler has been growing fastest of Germany's three luxury brands. But despite the company's strong performance this year—the stock is up 12% so far—investors called on Dieter Zetsche, Daimler's chief executive, who also heads the Mercedes car division, to give up one of his posts. European car makers have managed to offset a weak European market with surging demand in China. BMW reported that sales in China have risen 25% to 107,951 vehicles so far this year. Volkswagen, Europe's largest car maker by sales, reported a 3.9% rise in sales of VW brand cars in the first three months of the year. But if China sales are factored out, VW brand sales actually fell 3.6%, illustrating how important China has become for many car makers.
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  #2  
Old 04-10-2014, 11:26 PM
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China is big market for all luxury car makers and exotics. Lamborghini debuted their SUV concept there for a reason.
China also has something to do with X7 getting green lighted.
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Old 04-14-2014, 07:35 PM
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Watch out for Audi, they're about to drop the A3/S3's in the US, and they look hot and powerful.
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Old 04-14-2014, 07:40 PM
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I think my A6 is a beast of a car, but BMW is the ultimate driving machine, my 08 E60 V10 could have easily smoked anything on the road today (wish i didnt sell it)
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