2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
The Chinese car market also ensures a solid increase in sales at BMW. The Munich carmaker was able to sell 215,000 vehicles there, almost 41 percent more than in the same period last year.
BMW expects strong growth in China in 2012 as well. The market is very positive for the brand's luxury cars, said a company spokesman in Munich. In the first eleven months, 215,000 cars were sold there, 40.7 percent more than in the same period last year. The manufacturer reacted calmly to China's decision to impose punitive tariffs on cars coming from the USA. BMW produces most of its off-road vehicles in the USA and also delivers them to China. “There are hardly any effects to be expected,” affirmed the spokesman.
China imposes punitive tariffs
In the trade dispute with the USA, China will impose punitive tariffs on cars with more than 2.5 liters of displacement. BMW and Daimler - both with plants in the USA that also export to China - are also affected, with tariffs of 2.0 to 2.7 percent. A VW spokesman said the Wolfsburg-based automaker was not affected by the issue because the tariffs would only be levied on cars imported from the United States. VW produces in the USA only for the US market.
The deliveries from BMW are high-priced luxury cars that can cost 100,000 euros. "In China there is a demand for very large cars," said the BMW spokesman. Since the beginning of the year around 15,000 X5s, just under 6,000 of the smaller X3s and around 7,700 of the larger X6 SUVs from the US plant in Spartanburg have been sold in China.
China is becoming increasingly important for BMW
The Chinese market has become more and more important for BMW in recent years and is already the largest overseas market after the USA. According to industry observers, BMW is heading for record sales of a good 233,000 cars there this year. Overall, BMW is aiming for a sales record of more than 1.6 million cars this year.
The group intends to further expand production capacities in the People's Republic. A second plant is currently being built in the Shenyang region, and production is scheduled to begin in 2012, according to BMW. Among other things, the BMW X1 will be manufactured there. After the VW subsidiary Audi, BMW is the second largest supplier of cars in the premium segment. (dpa)
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