BMW’s profits are up by 66 percent image

With major car manufacturers bragging about their sales figures and announcing one of their best years yet, BMW couldn’t stay aside and watch so it decided to make the first months of 2011 as the company’s best in history.

The Bavarian car manufacturer profits for the second quarter jumped 66 percent compared to the same period of 2010 to 2.85 billion Euros and the car manufacturer’s sales went up by 18.5 percent between April and June 2011, with 450.608 vehicles.

“We are aiming to achieve a record-braking profit before tax and to increase sales volume by over 10 percent to a new high of more than 1.6 million vehicles. We are well on the track to remain the world’s leading manufacturer of premium cars”, said the BMW boss Norbert Reithofer.

In the SUV segment, the X1’s sales went up by 34.2 percent to 62.698 units, X3’s doubled to 53.522 units and the X5 recorded a 4.9 percent increase in sales with 48.749 units.

The new 5-Series had a good start with 170.708 units sold and the 7-Series is also up over 3 percent to 31.764 units.

BMW’s Rolls Royce brand’s sales also went up by a massively 64.1 percent to 1.592 cars sold and the other sub-brand, the Mini, sold a total of 141.913 units, a 35.6 percent of increase.

The Bavarian manufacturer also managed to sell 60.580 BMW motorcycles and 3.530 Husqvarna motorcycles.