BMW Sales Make A Titanic Drop of 29.5% In September - Mini Drops 6.9%

BMW Sales Make A Titanic Drop of 29.5% In September - Mini Drops 6.9%
 The BMW Group in the US reported September sales of 18,506 vehicles, a decrease of 25.8 percent over the 24,932 vehicles sold in September 2007. The BMW Group also reported a year-to-date sales volume of 236,327 vehicles, down 4.8 percent, compared to 248,273 vehicles in the same period of 2007.

BMW Brand Sales

Sales of BMW brand vehicles decreased 29.5 percent in September for a total of 14,744 compared to 20,901 reported in the same month a year ago. Year-to-date BMW brand sales were down 9.6 percent, to 195,633 vehicles compared to 216,337 vehicles sold in the same period in 2007.

"At BMW, we are fortunate to have set a rational plan in place for the entire year. While our sales this month are on a level with others, in the year to date, we are still tracking better than the overall premium market," said Jim O'Donnell, President of BMW of North America, LLC. "New products such as the just refreshed 3 Series with its new look and new iDrive Control will keep us attractive in the market place. A new dimension will be added to our range of vehicles with the introduction of the Advanced Clean Diesels in the 3 Series and the X5, which will be available in all 50 states. We are also getting ready for the U.S. launch of the all-new 7 Series which comes early in the new year."

BMW Automobile Sales
BMW's automobile sales are down 35.9 percent in September to 10,552 versus 16,457 in the same month a year ago. Year-to-date sales also decreased 9.9 percent, to 152,988 automobiles compared to 169,760 in the same period of 2007.

BMW Sports Activity Vehicle Sales
Sales of BMW Sports Activity Vehicles decreased by 5.7 percent in September to 4,192 vehicles over the 4,444 sold last September. Year-to-date, sales of BMW Sports Activity Vehicles were down 8.4 percent, to 42,645 vehicles compared to the 46,577 sold in the first nine months of 2007.

MINI Brand Sales
MINI USA reported September sales of 3,762 automobiles, down 6.7 percent from the 4,031cars sold in September 2007. Year-to-date, the division reported sales of 40,694 automobiles, an increase of 27.4 percent, compared to the 31,936 cars reported in the first nine months of 2007.

"Tight inventories restricted September MINI sales, which were 269 units below prior year levels," said Jim McDowell, Vice-President of MINI USA. "Despite high gas prices, limited credit opportunities, and concern about the overall economy, more and more Americans are rethinking automotive choices they have always made. We think this is the reason why we ended the month with only a six day supply of cars in our retailers' showrooms. In the coming month, we look forward to increased production for our market to help replenish our dealer stocks."

BMW Certified Pre-Owned
Sales of BMW's Certified Pre-Owned vehicles are up 3.9 percent, to 7,707 CPO vehicles versus 7,421 vehicles reported last September. Year-to-date, CPO sales are up 19.7 percent, to 77,144 over the 64,445 reported in the same period in 2007.

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silver1silver1 - 10/1/2008 3:12:54 PM
-11 Boost
BMW-GOING OUT OF BUSINESS

Shouldn't have given 100% of your customers leases to the 3-series for $300.00 a month in cars they truly cannot afford...It Bites you in butt in the long run....


kablaamkablaam - 10/1/2008 3:27:51 PM
+9 Boost
I'm in the market for a 3 series I can't afford, can you tell me where I can get this deal.

Oh yeah, I also bought a house I can't afford, you think the govt will bail me out?

It's not my fault, it's the auto finance company and the mortgage companies fault for giving me the loan.

Do they expect people to have common sense these days, come on!


theoptimisticpessimisttheoptimisticpessimist - 10/1/2008 4:05:16 PM
+11 Boost
Toyota Falls Hard Sales Down 29.5% In September - Lexus Prays This Is The Bottom Down 33.49%

Silver1, is Toyota going out of Business? Will Toyota shut down Lexus?



silver1silver1 - 10/1/2008 4:19:51 PM
-12 Boost
Everybody will fall before Toyota Motor Corporation falls because they are the big boys and they have all the dough. Everybody will run dry before Toyota/Lexus will, so the answer to your question is NO.


S4cabriofoxoneS4cabriofoxone - 10/1/2008 11:15:50 PM
+5 Boost
BMW is a hugely profitable automaker. They have gotten through tougher times. They seem to balance exclusivity and mass production perfectly.


topneurotopneuro - 10/1/2008 3:17:39 PM
-4 Boost
U.S. BMW sales figures are inherently “corrupt” since greater than 60% of BMW's are leased, not sold or financed.


kablaamkablaam - 10/1/2008 3:22:43 PM
+8 Boost
So are you telling me toyota,nissan,MB, VW etc. do not include lease figures into their sales report?


Agent009Agent009 - 10/1/2008 3:24:13 PM
+9 Boost
A sale is a sale no matter how it is financed.


1dott81dott8 - 10/1/2008 3:26:01 PM
+1 Boost
it was bound to happen in this economy. bmw sells/leases the most luxury cars so they had to take the biggest hit.


tkindredtkindred - 10/1/2008 3:34:42 PM
0 Boost
Somewhere on this very forum it was said that BMW owners aren't effected by the market so much because they have the money.


LemonadeLemonade - 10/1/2008 4:11:38 PM
-3 Boost
somewhere in this forum it says; you should've just kept your stupid posts to yourself and let everybody think you're a idiot, than to post and prove it.


1dott81dott8 - 10/1/2008 4:32:25 PM
-3 Boost
i got de-boosted for stating a fact. it's common sense, if you sell a whole lot and the economy turns for the worst then what else is supposed to happen? bmw fanboys, be realistic, it is what it is.


CRS2112CRS2112 - 10/1/2008 6:52:42 PM
0 Boost
That is funny - you compliment bmw by stating they sell the most (giving them credit where deserved) and you get deboosted.


VISOVISO - 10/1/2008 3:31:08 PM
+2 Boost
The X5 continues to do well in spite of it being an SUV. I just find that interesting of all the vehicles, the X5 continues to buck the trend.


S4cabriofoxoneS4cabriofoxone - 10/1/2008 11:17:06 PM
+1 Boost
I agree, there is a huge inventory of M3s collecting dust at my dealer but they can't get enough X5s. It really doesn't make sense.


topneurotopneuro - 10/1/2008 3:31:48 PM
-3 Boost
BMW, MB, Audi depend heavily on leasing other brands do not. Leasing is not the same as selling or financing.


S4cabriofoxoneS4cabriofoxone - 10/1/2008 11:18:16 PM
0 Boost
Is that why Audi posted the best numbers for the month?

Audi leases don't make sense. They're very expensive. They don't give deals very often but when they do the sales shoot up--see B7 A4 circa late 2007/early 2008.


njsidekick3njsidekick3 - 10/1/2008 3:47:42 PM
+3 Boost
JESUS! i need to go to a BMW dealer, they gotta be giving away those 09' X6 i50s Right'about now...


topneurotopneuro - 10/1/2008 3:56:15 PM
0 Boost
Leasing carries an operational cost of “recycling” the vehicle, i.e. re-selling as used/CPO or leasing again, sometimes with a profit, sometimes with a loss. BMW cited loss of $373 million in the first quarter as a direct result of the lower values of vehicles at the end of their leases.

http://blogs.internetautoguide.com/6274052/industry-news/general-motors-ford-and-bmw-take-big-lost-on-leasing-contracts/index.html



theoptimisticpessimisttheoptimisticpessimist - 10/1/2008 4:04:13 PM
+2 Boost
Toyota Falls Hard Sales Down 29.5% In September - Lexus Prays This Is The Bottom Down 33.49%

Silver1, is Toyota going out of Business? Will Toyota shut down Lexus?


theoptimisticpessimisttheoptimisticpessimist - 10/1/2008 4:06:43 PM
-1 Boost
Rats posted in wrong area, sorry.


VISOVISO - 10/1/2008 5:32:55 PM
-2 Boost
Please don't make excuses, it is what it is.


carE10carE10 - 10/1/2008 5:51:57 PM
+1 Boost
Viso is right no excuses...BMW sells more cars then Audi..no excuses.


aarononymousaarononymous - 10/1/2008 8:08:32 PM
+1 Boost
worst month ever in the auto industry?


sectorsector - 10/1/2008 5:16:58 PM
-1 Boost
Do not underestimate BMW, they can sell a snow maker to an Eskimo if they wanted.

X6 = sold out.


CRS2112CRS2112 - 10/1/2008 6:58:45 PM
+3 Boost
So you are saying they cannot build more then 476 X6 SAV's?? Not trying to be negative - just don't think that is really the case.


VISOVISO - 10/1/2008 10:34:34 PM
-1 Boost
carE10, I thought you claim not be a BMW fan boy? Yet, all your remarks speak otherwise.


StarStar - 10/1/2008 6:14:18 PM
+3 Boost
LEXUS IS DOING A LOT WORSE THAN BMW RIGHT NOW. ENOUGH SAID!


ghosthunterghosthunter - 10/2/2008 1:35:13 AM
0 Boost
i always know you are stupid, but not THAT stupid.
14,744 vs 16,045
or 614 daily avg vs 669 daily avg.

oh wait, you cannot read, let alone comparing numbers.


ps. i thought you were EL34 with a different name, but at least EL34 can read and count.


StarStar - 10/2/2008 6:13:42 PM
+1 Boost
Now a guy with down syndrome is trying to lecture me(really amusing I might add)...what's next claiming that Nissan and Porsche are competitors? Oh..wait a minute, the retarded zombies already did that.


enthusiastx11enthusiastx11 - 10/4/2008 3:34:03 PM
+2 Boost
yup, lexus sales have been down every month for a year now. since they're more affordable, you'd think they might be hit less since people are more value-oriented lately. but not the case...they're tanking month after month.


M35MTM35MT - 10/1/2008 7:02:59 PM
+8 Boost
X5 is up 1%, and it's their biggest SUV.

Kinda funny, dont you think?


sectorsector - 10/1/2008 9:07:32 PM
-3 Boost
BMW never went hungry underestimating the stupidity of its buyers :)


StarStar - 10/1/2008 9:18:39 PM
+3 Boost
So you are crazy enough to actually claim that car enthusiasts are stupid? Who's smart...the dumb sheep that buys Japanese? Get your facts straight, fanboi and then come back to us. Everybody with a brain knows that BMW cars are engineering masterpieces.



S4cabriofoxoneS4cabriofoxone - 10/1/2008 11:19:21 PM
+4 Boost
The X6 is also sold out.

Unsurprisingly, the X3 isn't finding too many buyers.


S4cabriofoxoneS4cabriofoxone - 10/1/2008 11:20:41 PM
+4 Boost
BMW will be just fine. So will Porsche. While Porsche sales are down 40% for the year they are spending their time buying more shares of VW--that's how much money that company has in reserve. And it seems to be a smart move since VW posted some of the best numbers for the month and are doing quite well worldwide. The new Golf will only help things.


enthusiastx11enthusiastx11 - 10/4/2008 3:32:19 PM
+1 Boost
apparently, you've never driven one. too bad for you.


topneurotopneuro - 10/1/2008 11:18:49 PM
+3 Boost
Earth to Star, please pay attention to your CEO, you are the only one in denial.
Automotive News reported last week that BMW USA CEO Jim O'Donnell will throttle back the stream of vehicles coming into the U.S. by 44,000 by the end of this year to adjust for the declining car market after BMW's 16 straight years of sales(leases) increases. The U.S. dollar weakness against the Euro makes high incentives a money-losing proposition so don't look for any big BMW sales events to move metal. O'Donnell also wants to cut the level of leased vehicles which in August was about half of sales. BMW is planning to cut jobs and reduce marketing expenses. BMW will just shoot itself in the foot by cutting leases since all dealers are complaining that even buyers with pristine credit and scores are unable to get low competitive interest and terms.




StarStar - 10/3/2008 11:04:42 AM
+2 Boost
This is not even worth answering. You are completely disconnected from reality.


topneurotopneuro - 10/3/2008 4:14:28 PM
0 Boost
Since your reality is TV and the movies try this.
“Just the facts.”
Sgt. Friday (Jack Web) Dragnet
“You cannot deal with the truth”.
Col. Nathan R. Jessep (Jack Nicholson) A Few Good Men
Better to remain silent and presumed to be an idiot, than to speak and dismiss all doubt.



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