BMW Group Rakes it in for the Second Quarter

BMW Group Pre-Tax Profit at € 2.03 billion for Q2; Six-Month Pre-Tax Profit at € 4.03 billion

You’re likely aware the European economy stinks as bad as moldy Swiss cheese. Germany saw an 8 percent decline in new vehicle registrations, and it’s a similar story for France and Italy, especially in the luxury segment. Despite trouble in markets closer to home, BMW has maintained its European sales pace, and is making gains elsewhere around the globe.

BMW Group sold 506,000 units worldwide in Q2 2013. That’s a 6.6 percent gain over Q2 2012. The BMW brand’s fresh new lineup was a palpable contributor to sales growth. Regionally speaking, the United States and China were major prosperity contributors; they are also BMW’s two largest markets. For the first half of 2013, BMW Group delivered more than 183,000 vehicles in China. The U.S. was close behind with roughly 173,000 deliveries.

Interesting fact: In the first six months of this year, BMW spent 5.3 percent of its revenue on research and development for new models, cutting-edge drivetrains and lightweight technologies.

via [BMW]