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BMW of North America Reports May 2019 U.S. Sales

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  • Overall BMW Brand Sales Increase 1.7%
  • May Sales Success Once Again Highlighted by All-New BMW 3 Series
    Sedan and BMW X3, X5 and X7 Sports Activity Vehicles.

WOODCLIFF LAKE, N.J.–(BUSINESS WIRE)–Sales of BMW brand vehicles increased 1.7 percent in May 2019 for a
total of 27,109 over the 26,662 vehicles sold in May 2018.

The all-new BMW 3 Series sedan – the core of the BMW “Ultimate Driving
Machine” brand – is proving that there is still room for a
high-performing sports sedan in the U.S. market, selling more than 4,300
units in May 2019. The BMW X3 Sports Activity Vehicle continues to be
the best-selling BMW model in the U.S. with nearly 6,200 units sold in
May 2019. BMW Sports Activity Vehicles in total – including X1 through
X7 – account for 56% of BMW sales YTD.

“We owe much of our continued growth in 2019 to the new 3 Series sedan
and our fleet of U.S.-built Sports Activity Vehicles,” said Bernhard
Kuhnt, president and CEO, BMW of North America. “I’ve said it before,
but as a result of our ongoing product offensive, we have the right
product that our customers are looking for right now.”

 

Table 1: New Vehicle Sales BMW of North America, LLC, May 2019

  May 2019   May 2018   %   YTD May 2019   YTD May 2018   %
i3 439 424 3.5% 1,734 2,924 -40.7%
i8 145 64 127.0% 393 239 64.4%
2 Series 253 822 -69.2% 2,896 4,469 -35.2%
3 Series 4,364 3,428 27.3% 16,231 20,629 -21.3%
4 Series 1,340 2,937 -54.4% 9,956 12,349 -19.4%
5 Series 3,242 3,763 -13.8% 16,444 16,857 -2.5%
6 Series 150 326 -54.0% 871 1,754 -50.3%
7 Series 1,071 1,032 3.8% 3,931 3,378 16.4%
8 Series 321 0 0.0% 1,197 0 0.0%
Z4 424 0 0.0% 896 2 44700.0%
X1 659 2,475 -73.4% 8,133 13,227 -38.5%
X2 1,158 1,803 -35.8% 4,931 3,819 29.1%
BMW passenger cars 13,566 17,074 -20.5% 67,613 79,647 -15.1%
X3 6,186 4,737 30.6% 25,075 19,384 29.4%
X4 679 106 540.6% 2,753 1,716 60.4%
X5 4,204 4,145 1.4% 19,897 20,021 -0.6%
X6 351 600 -41.5% 2,875 3,211 -10.5%
X7 2,123 0 0.0% 6,600 0 0.0%
BMW light trucks 13,543 9,588 41.2% 57,200 44,332 29.0%
BMW brand   27,109   26,662   1.7%   124,813   123,979   0.7%
Cooper /S Hardtop 2 Door 647 926 -30.1% 3,469 3,899 -11.0%
Cooper /S Hardtop 4 Door 466 607 -23.2% 2,593 2,386 8.7%
Cooper /S Convertible 327 556 -41.2% 1,789 2,476 -27.7%
Cooper /S Clubman 242 446 -45.7% 1,281 1,743 -26.5%
Countryman 1,140 1,691 -32.6% 5,216 7,986 -34.7%
MINI brand   2,822   4,226   -33.2%   14,348   18,490   -22.4%
TOTAL BMW of North America, LLC   29,931   30,888   -3.1%   139,161   142,469   -2.3%
 

BMW Group Electrified Vehicle Sales

BMW Group sales of electric and plug-in hybrid electric vehicles
decreased 29.7 percent in May 2019 vs. May 2018. Model changeover has
limited the current BMW Group electrified lineup to five models
including the BMW i3, BMW i8 and i8 Roadster, BMW 530e, and MINI
Countryman plug-in hybrid electric vehicle. Plug-in hybrid variants of
the BMW X5, the all-new BMW 3 Series and updated BMW 7 Series recently
debuted at the Geneva International Motor Show. These models and a
plug-in-hybrid variant of the BMW X3 will begin sales in the U.S. at a
future date.

MINI Brand Sales

For May, MINI USA reported 2,822 vehicles sold, a decrease of 33.2
percent from the 4,226 in the same month a year ago.

BMW Pre-Owned Vehicles

  • BMW Certified Pre-Owned sold 10,306 vehicles, a decrease of 15.1
    percent from May 2018.
  • Total BMW Pre-Owned sold 21,621 vehicles, a decrease of 6.6 percent
    from May 2018.

MINI Pre-Owned Vehicles

  • MINI Certified Pre-Owned sold 1,201 vehicles, a decrease of 13 percent
    from May 2018.
  • Total MINI Pre-Owned sold 2,807 vehicles, a decrease of 6.7 percent
    from May 2018.
 

Table 2: Pre-Owned Vehicle Sales BMW of North America, LLC, May
2019

   

May
2019

 

May
2018

  %  

YTD
2019

 

YTD
2018

  %
BMW CPO   10,306   12,145   -15.1%   47,878   52,998   -9.7%
BMW Total Pre-Owned   21,621   23,147   -6.6%   102,611   101,005   1.6%
 
MINI CPO   1,201   1,381   -13.0%   5,381   5,146   4.6%
MINI Total Pre-Owned   2,807   3,009   -6.7%   12,510   12,809   -2.3%
           

BMW Group in America

BMW of North America, LLC has been present in the United States since
1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in
2003. The BMW Group in the United States has grown to include marketing,
sales, and financial service organizations for the BMW brand of motor
vehicles, including motorcycles, the MINI brand, and Rolls-Royce Motor
Cars; Designworks, a strategic design consultancy based in California;
technology offices in Silicon Valley and Chicago, and various other
operations throughout the country. BMW Manufacturing Co., LLC in South
Carolina is the BMW Group global center of competence for BMW X models
and manufactures the X3, X4, X5, X6 and X7 Sports Activity Vehicles. The
BMW Group sales organization is represented in the U.S. through networks
of 347 BMW passenger car and BMW Sports Activity Vehicle centers, 148
BMW motorcycle retailers, 122 MINI passenger car dealers, and 37
Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s
sales headquarters for North America, is located in Woodcliff Lake, New
Jersey.

Journalist note: Information about BMW Group and its products in
the USA is available to journalists on-line at www.bmwusanews.com
and www.press.bmwna.com.

Contacts

Phil DiIanni
BMW of North America, LLC
(201) 571-5660 / phil.diianni@bmwna.com

Mariella
Kapsaskis
BMW of North America, LLC
(201) 930-3166 / mariella.kapsaskis@bmwna.com

Cannabis

IMCC Appoints Yaron Berger as CEO of IMC Holdings

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Photo source: deutschlandfunkkultur.de

 

IM Cannabis Corp. (the “Company” or “IMCC”) (CSE: IMCC), one of the world’s pioneering medical cannabis companies with operations across Europe, is pleased to announce the appointment of Yaron Berger as Chief Executive Officer of I.M.C. Holdings Ltd. (“IMC“), the Company’s wholly-owned operating subsidiary in IsraelOren Shuster will remain the Chief Executive Officer of IM Cannabis Corp.

Mr. Berger brings more than 10 years of experience in various senior roles both in public and private sectors, leading large-scale operations. Most recently, Mr. Berger was the Chief Executive Officer of Telepharma Ltd. (“Telepharma,” doing business as epharma), a leading wholesaler, direct marketer of prescription drugs and chain of pharmacies in Israel. At Telepharma, among other accomplishments, Mr. Berger re-branded its digital platform and transformed the customer experience. As an early entrant into the medical cannabis sector, Mr. Berger also established Greenpharma under Telepharma, a full-service distributor, patient counselling service provider and online resource for medical cannabis patients in Israel. Prior to his experience in the pharmaceutical sector, Mr. Berger served as the Chief Operating Officer of the National Police Academy and spent over 20 years in the Israeli Air Force, most recently as a Lieutenant Colonel.

Oren Shuster, Chief Executive Officer of IMCC said “Yaron is uniquely qualified to lead our Israeli operations under the new medical cannabis regulatory regime, which requires a high level of engagement and education for the country’s pharmacists on the benefits of medical cannabis. Yaron was an early mover in identifying the opportunity in medical cannabis and we are very excited to benefit from his expertise in the pharmacy channel to maintain IMC’s status as a leading medical cannabis brand in Israel.”

“I am thrilled to be joining the IMC team, who I have known as a leader in the medical cannabis market in Israel over the past ten years,” said Mr. Berger. “The IMC brand is synonymous with quality and innovation. The new medical cannabis reform in Israel presents a significant opportunity for the Company and the IMC brand to further elevate its market position as the preferred medical cannabis brand for physicians, pharmacists and patients.”

 

SOURCE IM Cannabis Corp.

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LCBO’s bottom line proves privatized alcohol sales a bad idea: OPSEU’s Thomas

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Photo source: LCBO.com

The LCBO’s latest profits show the Crown corporation’s value to the people of Ontario, OPSEU President Warren (Smokey) Thomas said Friday.

In its 2018/2019 annual report released Thursday, the LCBO is reporting earnings of $2.37 billion on total revenue of $6.39 billion.

Thomas said those profits go to the provincial government and pay for vital public services like health, education and highways.

“This is why the Ford government should rethink allowing corner stores and grocery stores to sell more alcohol,” said Thomas.  “Is saving folks a 10 minute drive in some cases worth jeopardizing their health care?”

OPSEU represents LCBO workers and Thomas says these frontline professionals deserve the credit for the corporation’s continued success.

“The reason the LCBO is the gold standard in selling alcohol responsibly is because of OPSEU members who make sure alcohol isn’t sold to minors or intoxicated people,” said Thomas.

“They also provide customer service that is second to none and they’re the ones who have made the LCBO a success story.”

As he read the LCBO report, OPSEU First Vice-President/Treasurer Eduardo (Eddy) Almeida reflected on the Ford government’s decision to take the sale of legalized cannabis away from the Crown Corporation.

“Think of what the LCBO’s profits would have been if Premier Ford hadn’t scrapped the plan of the former Liberal government?” said Almeida.   “I’ve put together a lot of budgets and I know how tough an exercise it is.”

“It still makes me shake my head that a government that claimed it had catastrophic financial problems would turn down massive amounts of revenue and go on the misguided course that the Conservatives took. Really? Wow.”

Almeida says municipalities who voted to opt out of Doug Ford’s foolish cannabis privatization plan should stand firm and demand a responsible plan.

“The LCBO continues to prove it’s the best option to keep controlled substances out of the hands of minors,” said Almeida.  “Municipalities and Ontarians in general should continue to demand a responsible plan and just say no to Doug’s. After all, a little competition wouldn’t be a bad thing would it?”

SOURCE Ontario Public Service Employees Union (OPSEU)

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Base Oil Market Worth $39.6 Billion by 2024 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North AmericaEuropeAsia PacificSouth America, MEA) – Global Forecast to 2024″, published by MarketsandMarkets, the Base Oil Market is projected to grow from USD 33.7 billion in 2019 to USD 39.6 billion by 2024, at a CAGR of 3.3% from 2019 to 2024. The growing demand for high-grade oils in the automotive industry, as well as the increasing GDP in Asia Pacific driven by increasing industrial activities are key factors fuelling the growth of the base oil market across the globe.

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110 – Figures
480 – Pages

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Group II segment to lead the base oil industry from 2019 to 2024

Based on group, the base oil market has been segmented into Group I, Group II, Group III, Group IV, and Group V. The Group II segment accounted for the major share of the market in 2018. Group II base oil can be employed in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil. Thus, the Group II segment is likely to lead the market during the forecast period.

Automotive oil application segment to lead the base oil market during the forecast period

Based on application, the automotive oil segment led the base oil industry in 2018. This segment is also expected to witness significant growth during the forecast period owing to the rise of the automotive sector in developing countries, such as India and China. Population growth in the Asia Pacific region is increasing the demand for automobiles, which is, in turn, driving the market for automotive oils.

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Asia Pacific base oil market projected to witness the highest CAGR

Among regions, the Asia Pacific base oil market is projected to register the highest CAGR from 2019 to 2024. IndiaChinaIndonesia, and Japan are key countries contributing to the increased demand for lubricants, and in effect base oil, in this region. Increasing GDP led by the rising industrial activities in Asia Pacific has increased the demand for base oil in the region. The growth of transportation, power generation, mining, and other sectors is also responsible for the rise in demand for base oil in the Asia Pacific region.

Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL Corporation (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the Base Oil Market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.

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Related Reports :

Lubricants Market

by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region – Global Forecast to 2024

Industrial Lubricants Market by Base oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid), End-use Industry (Construction, Metal & Mining, Power Generation, Food Processing), Region – Global Forecast to 2024

 

SOURCE MarketsandMarkets

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