BMW sales figure beats market evangelist as 1 series rocket shoots up

Bayerische Motoren Werke AG aka BMW, the World's largest luxury car maker has recorded first quarter profits beating the estimates of the financial evangelist. BMW first quarter sales are driven by the overhauled BMW 1 Series compact fuel. BMW profits rose by a massive 19% to 2.13 billion euros from the 1.8 billion euros a year before and  the figure beats the market estimates by 39 billion with the sales rising to a whooping 14%  meaning 18.3 billion euros, outdoing the 11 percent hike in deliveries. The higher revenue also reflects that the price have gone higher which has resulted into higher profits also the sport utility vehicles performance was rewarding with the 1-Series model going off like a rocket.

The 1-Series model was revamped last year and the sales surged by 20%  and the X3 Suv sales by 55% , stimulating the sales by 425,528 units.  BMW is now looking towards its new gen best seller 3-series sedan that was introduced in February 2012 and to hike the deliveries a notch higher and counteract development costs for the i3 battery-powered city car, which is going to hit the roads in 2013. BMW shares rose as much as 4.1 percent to 73.95 euros and were up 3.5 percent as of 11:54 a.m. in Frankfurt trading. The stock has risen 42 percent this year, making it the top- performing carmaker in the 14-member Euro Stoxx Autos and Parts Index and valuing the company at 46.8 billion euros.

BMW is all set to diminish the efforts by Volkswagen , Audi and the Mercedes Benz to capture the top slot in the luxury auto segment by the end of 2020. BMW is also on an expansion spree and plans to open up a facility in China this month. BMW has stop the progress of a planned factory in Brazil, as it is reviewing the regulatory changes by the country’s government BMW has stuck to the plans of increasing earnings for the whole year, with the auto sector spawning a margin of 8-10%  and the sales surmounting last year's figure. According to company officials it is still early to adjust things in light of risks if the fallout from Europe's debt crisis broadens.

BMW is also going to invest 800 million - 1 billion euros, the company is set to take advantage of its earnings and make smart investment, to secure the market position and the improve upon the fuel efficiency figures of its models. The world’s top three upscale carmakers Mercedes, Audi and BMW are all foretelling sales records this year with the growing markets of  China and recovering from the dull  U.S scenario. BMW has zeroed in on at least 2 million vehicles by 2016 after delivering 1.67 million in 2011. BMW sales pushed by the 1- and 3-Series and a new four-door version of the 6-Series luxury coupe expect deliveries in 2013 to surge as the economic slowdown in Europe looses its grip. The company expects sales this year to go high by 10% in China however expects high one digit in North American region.  

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