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BMW hits 2017 sales record but Mercedes keeps lead

Reuters  |  BERLIN 

(Reuters) - reported record sales last year on strong demand for its sport-utility vehicles and the overhauled 1-Series compact but was outsold by Mercedes-Benz, keeping the order in the three-way German luxury sales race unchanged.

Sales of brand models rose 4.2 percent in 2017 to 2.09 million passenger cars and SUVs, the Munich-based carmaker said on Friday, compared with a 9.9 percent gain to 2.29 million at Mercedes, which claimed the top spot in global for a second year.

Registrations at Volkswagen's premium division edged up 0.6 percent to a record 1.88 million cars, it said on Friday, benefiting from a 34-percent December surge in China, the brand's largest market.

BMW, which had kept the global luxury sales crown for about a decade before slipping behind in 2016, said deliveries were fuelled by a 9.6 percent gain for its SUV lineup and a 15 percent increase for the 1-Series.

"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.

posted a 9.5 percent gain in December registrations to 195,916 vehicles, narrowly beating and whose sales came in at 193,534 and 180,250 cars respectively.

(Reporting by Andreas Cremer; Editing by and Edmund Blair)

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

First Published: Fri, January 12 2018. 16:41 IST