BMW beats out Mercedes to take June sales crown
Ellis Hamburger, Business Insider
But in June, BMW edged out Mercedes in U.S. luxury sales. Bloomberg's Mark Clothier reports:
Monthly deliveries for the BMW AG brand climbed 6.5 percent from a year earlier to 32,176 cars and sport utility vehicles. Daimler AG's Mercedes posted a 5.8 percent gain to 28,044, also a June record.
BMW holds a 3,653-vehicle lead over Mercedes, which won the annual title in 2013 and lost it to the Munich-based brand last year. Luxury brands benefited as U.S. auto sales capped their best first half in a decade and as less-expensive models such as BMW's $32,950 3 Series and Mercedes's $31,500 CLA-Class broadened their appeal with younger buyers.
"There's no better follow-up to a record May than a record June with the numbers showing a consistent momentum for BMW as the year reaches the half-way point," said Ludwig Willisch, President and CEO of BMW North America, in a prepared statement.
"It's clear the U.S. is more in love with light trucks than ever before and the hardest part is supplying the demand. At the same time, I am delighted to see MINI gaining more traction as model availability continues to increase."
Bavaria-based BMW isn't the only company to benefit from American's love of trucks and SUV's. Ford had to cut its summer break short in order to keep up with U.S consumer demand.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market