BMW Retains Title of World's Top Luxury Car Brand

German car giant stays ahead of rivals with a 5.4% increase in car sales for the first three months of the year.

BERLIN--BMW AG defended its position as the world's top premium car brand in the first three months of the year, buoyed by strong sales of its X5 sport-utility vehicle and 2-Series Active Tourer crossover.

The Munich-based automotive group that includes BMW, MINI, andRolls-Royce, stayed ahead of rivals Audi AG, a unit of Volkswagen AG, and Mercedes-Benz, which is owned by Daimler AG, in a tight race for the top spot in the global luxury car industry.

BMW said Tuesday that it sold 451,576 cars with its namesake brand world-wide in the three months to March, an increase of 5.4% from a year earlier. The strongest sales growth was in the U.S., where sales rose 8.4% in the first quarter. BMW brand sales were up 5.8% in Europe and 7.6% in China.

"With the momentum provided by the range of new products we are bringing out this year, I am confident we will achieve our target of delivering more vehicles to customers this year than ever before," said Ian Robertson, BMW board member in charge of global sales and marketing.

Although BMW defended its lead, it is still growing slower than the competition, allowing Audi and Mercedes to again narrow the gap that separates Germany's big three luxury car makers.

Audi reported this week that it sold 438,250 cars world-wide in the first three months of the year, an increase of 6.1%, growing nearly 14% in the U.S. on the back of strong sales of its Q5 SUV, and by 10% in Germany, its biggest market.

The fastest-growing luxury brand remains Mercedes-Benz, which sold 429,602 of its namesake brand cars in the first three months of the year, an increase of 14.8% from a year ago. Mercedes benefited more than its rivals from recovery in Europe, where its sales increased 16%, and posted a 16.6% gain in China.

Related Articles

Card image cap

After 40 years, BMW's 3 series rules a tougher league

In 1975, BMW introduced the 3 series, a sporty sedan that became synonymous with the brand's performance image. Forty years later, despite intensifying competition and changing customer tastes, the...

Posted 8 years ago

Card image cap

Unchanged styling masks big changes under the hood for the 2016 Lexus IS

The Lexus IS was designed to take on German sports sedans like the BMW 3 Series, and for 2016 it gets an update that brings it in line with the latest trend followed by those benchmark ...

Posted 8 years ago

Card image cap

Volkswagen still on top as number of cars licensed jumps

The number of new cars licensed in the first nine months of the year rose by 31.7 per cent compared to the same period in 2014, according to the Central Statistics Office(CSO). The latest figu...

Posted 8 years ago


Tags

Car Sales, BMW