Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Naghi Motors records 18% growth for BMW sales  Join our daily free Newsletter

MENAFN - Arab News - 27/01/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN -Arab News) MOHAMED Yousuf Naghi Motors has announced an 18 percent rise in sales for BMW and MINI in 2013.

This result would help BMW Group keep their position as leaders in the premium segment.

Driven by high end models, the increase in sales maintained the Kingdom's position as the second largest market in the Middle East in volume.

With a total delivery of 4,228 vehicles in 2013, it comes as no surprise that the key driver of growth remains the BMW 7 Series accounting for a 9 percent increase with a total of 1,631 cars sold in 2013. Leading the Middle East in the luxury sedan segment, the 7 Series confirms its prime position in the Kingdom. Commenting on the outstanding sales performance, Stavros Paraskevaides, managing director of Mohamed Yousuf Naghi Motors (BMW Group), said: “A byword for luxury, elegance and innovation, the BMW 7 Series model has strengthened its leading position as the most dynamic and innovative luxury sedan in the premium automotive segment in the Saudi Arabian market. We are confident that the strong performance of our flagship model will continue through 2014.”

A core product in the BMW portfolio, and the global leader in the executive saloon segment, the BMW 5 Series was the second best-selling car with the delivery of 1,186 cars to customers.

This was an increase of 35 percent over 2012. Sales of the 5 Series were boosted by the introduction of a revised model late last year.

The success story of the BMW 3 Series continues — not only is it the world's best-selling premium car, but also a favourite in Saudi Arabia where sales increased 81 percent over the previous year.

Other BMW models that continue to be best-sellers in the Kingdom are the BMW 6 Series Gran Coupe and the BMW X6 Sports Activity Coup.

MINI also continued to be popular amongst buyers in Saudi Arabia.

Sales for 2013 increased by 15 percent with 125 vehicles delivered.

Mohammed Yousuf Naghi Motors expects the growth to continue into 2014 with the launch of the all-new MINI Hatch scheduled for arrival in the first quarter of 2014.


 






  MENA News Headlines
Apr 15 2014VistaJet Bombardier Claims Landmark Julius Baer Beach Polo Title ,MENAFN Press
(MENAFN Press) The Julius Baer Beach Polo Cup Dubai 2014 presented by Cadillac was claimed yesterday by an 8-4 VistaJet Bombardier victory over the title sponsors, following two days of furious polo ...

Apr 15 2014Doha Bank named Best Retail Bank in Qatar by the Asian Banker ,MENAFN Press
(MENAFN Press) Doha Bank, the leading private commercial bank in Qatar, was named the Best Retail Bank in Qatar at The International Excellence in Retail Financial Services Awards Ceremony held this ...

Apr 15 2014Omnix International successfully hosts Autodesk event for local CAD, BIM and IT managers ,MENAFN Press
(MENAFN Press) Omnix International, the MENA region's leading provider of computer aided engineering solutions, successfully hosted an Autodesk event targeting local CAD, BIM and IT managers at the ...

Apr 15 2014Lord Mayor of London meets with the BIBF ,MENAFN Press
(MENAFN Press) The Lord Mayor of London, Right Honorouble Alderman Fiona Woolf visited the BIBF recently to meet with Senior Management and discuss opportunities for improved support from UK-based ...

Apr 15 2014Excellent survival rates for paediatric lymphoma has motivated research efforts in the Middle East ,MENAFN Press
(MENAFN Press) According to the American Cancer Society, Non-Hodgkin lymphoma (NHL) accounts for about 6% of all childhood cancers. Hodgkin disease accounts for about another 4 % . Although adult ...

Apr 15 2014Gulf Finance House hold ordinary and extraordinary general meetings ,MENAFN Press
(MENAFN Press) Gulf Finance House (GFH), the Bahrain based Islamic investment bank, today concluded the Ordinary and Extraordinary General Meetings of the Bank for the twelve-months ended 31 ...

Apr 15 2014Etisalat Honours 39 Sales Partners at 2nd Annual Conference ,MENAFN Press
(MENAFN Press) Etisalat, the UAE's leading telecom provider, celebrated the achievements of 39 of its channel partners at the 2nd annual sales partners conference. The event was attended by ...

Apr 15 2014Ericsson cloud Transformation, a key enabler of the networked society ,MENAFN Press
(MENAFN Press) As a part of its participation at Cloud World Forum MENA 2014, Ericsson discussed the opportunities enabled by the Cloud in light with the significant transformation of the Information ...

Apr 15 2014ENOC Retail offers over 60 lucky customers at ZOOM stores on Dubai Metro network free travel for a year ,MENAFN Press
(MENAFN Press) Lucky customers of ZOOM convenience stores operated by ENOC Retail on the Dubai Metro network now stand to win a daily prize of free commuting on the world's largest driverless metro ...

Apr 15 2014du celebrates more than two successful years of Emirati Plan - the mobile package exclusively for UAE nationals ,MENAFN Press
(MENAFN Press) 2014 is the year when Emirati Plan – du's exclusive plan for UAE nationals will enter its third year, and yet it stands head and shoulders above any other comparable plan in the ...

Apr 15 2014Kuwaiti plan to award USD4.3b oil project ,MENAFN
(MENAFN) The head of state-owned Kuwait Oil Company (KOC) said that his country plans to sign a USD4.2 billion contract for the first phase of a heavy oil production project, Arabian Business ...

Apr 15 2014Sharjah rents up 7% in Q1 as Dubai residents relocate ,MENAFN Press
(MENAFN Press) Sharjah is benefiting from ongoing rental rate rises in Dubai as residents look to relocate to more affordable accommodation according to a Q1 2014 Northern Emirates report from ...

Apr 15 201416th Water, Energy, Technology, and Environment Exhibition (WETEX) 2014 opened ,MENAFN Press
(MENAFN Press) The 16th Water, Energy, Technology, and Environment Exhibition (WETEX 2014), was inaugurated today by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of ...

Apr 15 2014The Address Hotels + Resorts win multiple accolades at 2014 World Luxury Spa Awards ,MENAFN Press
(MENAFN Press) The Address Hotels + Resorts, the five-star premium brand of Emaar Hospitality Group, has underlined its credentials in the recreation and leisure sector, winning four top laurels at ...

Apr 15 2014Dubai to start testing USD1 b Tram project ,MENAFN
(MENAFN) Dubai's Roads and Transport Authority (RTA) will soon start the second phase of testing Dubai Tram project, which worth USD1 billion, according to Arabian Business. Testing in the second ...

Apr 15 2014KUWAIT DECLARATION CALLS FOR BOLSTERING ARAB TIES ,Arab Times
(MENAFN - Arab Times)  kuwait city march 26 (agencies): arab leaders called wednesday for a political solution to the conflict in syria overlooking saudi-backed demands for greater military ...

Apr 15 2014Kuwait- Amir thanks ministers and senior officials for 'constructive' summit ,Arab Times
(MENAFN - Arab Times) Kuwait city march 27 (agencies): his highness the amir sheikh sabah al-ahmad al-jaber al-sabah sent letters of appreciations to senior officials and ministers for their ...

Apr 15 2014Reactions positive to Arab Summit hosted by Kuwait ,Arab Times
(MENAFN - Arab Times) Capitals march 28 (kuna): several arab governments are pleased with the outcomes of the wednesday-concluded two-day arab summit held in kuwait with some non-arab observers ...

Apr 15 2014Kuwait urges world to safeguard human rights ,Arab Times
(MENAFN - Arab Times) Geneva march 28 (kuna): kuwait called on friday on the international community take responsibility in safeguarding human rights urging all countries to follow the vienna ...

Apr 15 2014Kuwait pays heed to intellectual property protection ,Arab Times
(MENAFN - Arab Times) Kuwait march 30 (kuna): kuwait attaches much attention to intellectual property protection due to its significance to the economic development process said a senior commerce ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help