BMW’s U.S. sales fall 4 percent in October


BMW’s U.S. business decreased nearly 4 percent in October, but sales of two of the German automaker’s models produced in Spartanburg County – the X4 and X5 – increased during the month.

BMW of North America LLC reported Thursday, Nov. 2, it sold 26,877 vehicles during the month, compared with 27,971 during the same month of the previous year.

For the year, the company’s sales are down more than 5 percent to 281,839 vehicles, compared with 297,015 during the same period of 2016.

“Both the new 5 Series and 4 Series continued to perform well in October, while X5 numbers were bolstered by increased availability in the market,” said Bernhard Kuhnt, president and CEO of BMW of North America, in a statement. “Electrified vehicles also showed strong momentum last month, with nearly 20 percent of all 5 Series sold as plug-in hybrids. With the launch of the all-new X3 just days away, we have high anticipation for November.”

The company said sales of its light trucks produced at Spartanburg County-based BMW Manufacturing Co., including the X3, X4, X5, and X6, decreased nearly 23 percent in October.

X3 sales dipped almost 68 percent to 1,194 units, compared with 3,680 during the same month of 2016. Year-to-date, sales of the X3 are down almost 4 percent to 33,321 units, compared with 34,683 during the same period of the prior year.

The company has stated in the past that sales of existing models typically decrease prior to the release of their next generation versions.

Sales of the X4 increased almost 53 percent to 625 units in October, compared with 409 during the same month one year ago. Since January, the company has sold 4,119 X4s, a nearly 2 percent decrease from 4,185 during the same period of 2016.

X5 sales during the month stood at 4,254 units, a nearly 10 percent increase compared with 3,885 during the previous October. For the year, sales of the X5 are up almost 5 percent to 38,453 units, compared with 36,703 during the same period of the previous year.

Sales of the X6 fell more than 4 percent in October to 566 units, compared with 590 during the same month of 2016. Year-to-date, X6 sales have decreased nearly 13 percent to 4,976 units, compared with 5,714 during the same period of the past year.

The company said its brand vehicle sales fell more than 3 percent during the month, and more than 4 percent for the year.

Its MINI brand sales fell more than 7 percent in October, and are down more than 10 percent so far this year.





Related Articles