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BMW 2017 car sales hit 2.09 million record but Mercedes keeps lead

Reuters  |  BERLIN 

(Reuters) - sales rose to a new record last year on strong demand for sport-utility vehicles (SUVs) and the 1-Series compact, but the brand was again outsold by rival whose deliveries increased twice as fast.

Sales of the brand were up 4.2 percent in 2017 to 2.09 million passenger cars and SUVs, compared with a 9.9 percent gain or 2.29 million at Mercedes, which claimed the top spot in global rankings for a second year.

deliveries were fuelled by demand for SUVs which increased 9.6 percent in 2017 on year-earlier figures and the 1-Series, sales of which jumped 15 percent. Brand deliveries were up 9.5 percent to 195,916 cars.

"I'm confident sales will continue to grow during 2018, while we also maintain our focus on profitability," said new Pieter Nota, who replaced on Jan. 1.

Volkswagen's luxury division is expected to release 2017 later on Friday.

(Reporting by Andreas Cremer; Editing by Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 13:35 IST