BMW expects China sales surge to hit 10% this year

BMW expects China sales surge to hit 10% this year

BMW Group actually expects sales in China to inch up approximately 10% in 2017, while global sales will probably ascend 5%. That’s what Ian Robertson, BMW board member for sales and marketing told at the Shanghai car show on Wednesday.

When asked what surge rates he expects for BMW Group, including the Mini brand, in China in 2017, he told that the company hopes for a 10% surge.

Additionally, Robertson stressed he expected pricing to remain intact in China in 2017 because the car maker is preparing to produce a sixth model locally.

BMW along with its Chinese joint-venture partner BMW Brilliance Automotive Ltd, is currently busy with ramping up output of its brand new 5 series sedan, having started Chinese assembly of the BMW X1 compact sports utility car as well as a 1-series sedan.

BMW doesn’t need for extra joint venture partners to ramp up sales expansion, as Robertson emphasized.

Robertson added he expected the Chinese government to tone down plans for introducing a quota for electric vehicles in 2018. 


British inflation speeds down in February

In February, British inflation turned to be weaker than anticipated because the impact of the 2016 Brexit vote vanished, relieving some of the squeeze on British households' spending power, although doing little to alter bets on a BoE rate lift in May…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera