BMW in Munich

Record year for BMW

The BMW Group continued its successful course during its 101st year, reporting its best ever figures for sales volume, revenues and earnings.

BMW saw automotive sales climb by 5.3% to a new record level of 2,367,603 units in 2016, rising from 2,247,485 units in 2015.

With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group remained the world’s leading manufacturer of premium vehicles.

The group’s heavy investment into electric vehicles also paid off over the course of the year with sales almost doubling to over 62,000 units in 2016.

Sales of the all-electric BMW i3 have risen every year since the model was launched in 2013 and the BMW Group aims to sell a total of 100,000 electrified vehicles for the first time in a single year in 2017.

Harald Krüger, chairman of the board of management at BMW AG, said: “2016 was the first step in the next 100 years of the BMW Group.

“We have turned our centenary year into the most successful 12-month period in our corporate history and posted new record levels in terms of revenues and earnings for the seventh year in a row.”

And despite global political and economic uncertainty, the group is expecting to carry its strong performance on into 2017. Krüger concluded: “We are again targeting a new sales volume record in 2017, with sales slightly up on the previous year.

“However, the BMW Group expects the global political and economic environment to remain volatile.”