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BMW Concepts BMW Cars MINI
© 1998
- 2007 Copyright & |
BMW AG: Other Businesses: Motorcycles & Financial Services
2006 The group’s motorcycle business also made good progress in 2006, with the annual sales volume figure surpassing the 100,000 mark for the first time. The number of motorcycles sold increased by 2.7% to 100,064 units (2005: 97,474 units). 2005 The profitability of the Motorcycles segment improved significantly in 2005. The segment profit before tax increased by 93.5% to euro 60 million (2004: euro 31 million). Segment revenues climbed by 18.9% to euro 1,223 million (2004: euro 1,029 million) on the back of new models. The sales volume for the full year rose by 5.6% to 97,474 (2004: 92,266) units. 2003 In 2003 the Motorcycles segment achieved sales volume growth for the eleventh time in succession despite difficult market conditions. 92,962 BMW motorcycles were sold during the year, 0.4% more than in the previous year (2002: 92,599 units). Revenues of the Motorcycles in 2003 segment fell by 3.8% to euro 1,087 million (2002: euro 1,130 million).
In the category above 750 cc, the R 1150 GS leads the sales performance list, with a total of 14,558 of these large long-distance endures being delivered to customers in 2001. A total of 10,614 BMW C1, the alternative means of transport for large cities and densely-populated areas, were sold in 2001, an increase of 59.6% against the previous year. Sales of special equipment and riders' wear again experienced strong growth in 2001. Sales were up by 14.6% against the previous year.
2006 The BMW Group’s financial services business continued to grow in 2006. The volume of new retail customer contracts rose by 4.0% to euro 24,449 million, and hence reached a new record level (2005: euro 23,507 million). The proportion of new BMW and MINI cars financed by the Financial Services segment increased in 2006 to 42.4% (2005: 41.1%). 2005 The Financial Services segment continued to improve earnings in 2005. At euro 605 million, the segment’s profit before tax was 17.5% higher on a year-on-year basis (2004: euro 515 million). The volume of new customer financing contracts rose by 13.2% to euro 23,507 million (2004: euro 20,759 million) and hence a new record level. The proportion of new BMW and MINI cars financed by the Financial Services segment in 2005 fell slightly to 41.1% (2004: 42.0%). |
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2003 In 2003 the Financial Services segment generated revenues of euro 7,582 million, 9.1% lower than in the previous year (2002: euro 8,342 million). The BMW Group expanded its financial services activities in 2003 and thus remained on growth course in this area. The volume of new customer financing contracts grew by 10.7% reached a new high level of over 710,000 contracts (2002: 641,638). The proportion of new BMW and MINI brand cars financed by the Financial Services segment increased in 2003 to 38.3% (2002: 36.1%). 2001 Financial Services again successfully supported the sale of BMW Group products by offering tailor-made financing and leasing solutions for individuals, business customers and the dealer network. The business volume of the segment in 2001, at euro 20.6 billion, was comparable to the previous year. The new business almost completely offset the discontinuation of Rover financing. In all, 1.21 million financing contracts were signed in 2001 (previous year: 1.23 million), approximately 45% for customer business, and around 55% for dealer financing. The penetration rate in new car sales i.e. the proportion of new BMW vehicles financed through BMW Financial Services, remains above the average for the industry. One in three BMW brand cars sold is financed by BMW Financial Services. With a penetration rate of 48.9 %, the US market shows the largest share of financing BMW cars, ahead of East Asia (41.2%) and Europe (28.2%). The successful expansion of Financial Services was supported by a greater geographical spread of business, with fleet management, multibrand financing and direct banking, new strategic areas of operations, being expanded according to plan. In 2001, new companies took up fleet management operations in Belgium, Spain, France, Scandinavia and the Netherlands. Deposit business in 2001 increased on a world-wide basis to an average total deposit volume of euro 2,210 million. This represents a growth of 44.3% against the previous year. Since June 2001, the BMW Bank offers investment fund products. A total of 4,939 customer securities accounts had been opened by the year-end. The net cash inflow amounted to approximately euro 47.4 million in spite of the difficult market conditions. source: BMW Annual Reports
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