BMW 2017 record year: 100 billion euro turnover 8.7 billion net profit
Lucky BMW
BMW has achieved a record turnover of 98.7 billion euros last year. The profit before tax in 2017 for the first time exceeded 10 billion. Eventually, the group recorded a net profit of 8.7 billion, a plus of 26 percent.
This is evident from the company’s annual figures published today. There were also more records at BMW. For example, more than 80,000 BMW M and M Performance models were sold for the first time last year. The total number of deliveries of the group amounted to 2.463 million cars, also a record. BMW took 2.08 million copies in 2017, Mini 371.881 pieces. The numbers amount to a growth of 4.2 and 3.2 percent respectively. The sale of Rolls-Royce, by contrast, fell by 16.2 percent to 3,362 cars.
China is the largest market for both the BMW brand and the group. The country has a share of 24.2 percent. The largest number of cars was delivered in Europe last year, namely 1.1 million copies.
Striking fact: eight of the fourteen model series of BMW scored less last year than in 2016. The negative outliers were not entirely by chance the X4 (-10.1 percent), 6-series (-17.5 percent) and the Z4 (- 73.9 percent.) Sales of the 2-series, X3 and X6 also fell by a few percent. The damage for the 3-series and 4-series was limited by -0.7 and -1.2 percent respectively.
Sales of the BMW X1, 1-series and i-models rose most in 2017. The crossover of the brand recorded a plus of 30.1 percent and came to 286.743 copies, making the model after the 3 and 5 series now the best selling BMW. The relatively old 1-series was sold 14.7 percent more often and came to 201,968 pieces. At Mini, the benefits and burdens are divided fairly. The sale of the Cabrio and the Clubman was on the rise last year, with the hatchback and Clubman in the min.
The best figures were scored by the electrified models of the group. The i- and iPerformance models of BMW and the Mini Electric versions last year 65.6 percent more often on license plate. In total 103,080 vehicles with a form of electrification were sold.
This year, a number of introductions are planned, according to BMW. The Z4, X7 and 8 Series will all be presented this year. In addition, the brand counts on good sales results from recently launched models, such as the BMW i8 Roadster, X2, X3, X4 and Rolls-Royce Phantom. In 2019 follows the electric Mini, while the fully electric regular BMW for 2020 is in the pipeline: the X3. In 2021 it will be the turn of the electric flagship, the iNEXT. In preparation, BMW will spend around 7 billion euros this year on research and development.
