Quotes: 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 strog 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.

 


Arab News




  MENA News Headlines
 Aug 28 2016 - Gulf businesses must gear up for VAT regimeMENAFN
(MENAFN) Businesses in the UAE need to gear up for the value added tax (VAT) regime and the regulatory framework for the system ought to be prepared now, said Nimish Makvana, chairman of the ...

 Aug 28 2016 - VAT set to be a stable revenue source in GulfMENAFN
(MENAFN)Value added tax (VAT) will be a stable source of revenue for governments in Gulf countries with a minimum impact on the common man's life, said an industry specialist.The UAE along with other ...

 Aug 28 2016 - Dubai Customs seeks 6% growth in transactions inQ2MENAFN
(MENAFN) Dubai Customs' investments in state-of-the-art technology is bearing fruit as it recorded a notable increase in the number of transactions during the first half of this year, helping its ...

 Aug 28 2016 - Net Global Reserves grow by 18.4pct in MoroccoMENAFN
(MENAFN) Morocco net international reserves reached to MAD245.8bn until August this year, posting 18.4 percent grow on an annual basis.However, the reserves registered a 0.2 percent weekly drop, ...

 Aug 28 2016 - Drop in Kuwait rents of apartments by KD60MENAFN
(MENAFN) A decline in the rents of investment apartments by almost KD60 was viewed in the last two months, after the issuance of governmental decisions that affect renters.Moreover, in areas like ...

 Aug 28 2016 - Egypt mobile, internet subscribers grow by 0.16pctMENAFN
(MENAFN) The number of mobile services subscribers increased by 0.16 percent amid May as compared to April, while the number of mobile subscribers grew to 95.45mn.On the other hand, internet users ...

 Aug 28 2016 - Egypt Natural Gas project will expand to reach 20 governoratesMENAFN
(MENAFN) Minister of Intl" Cooperation reached a deal with the World Bank in order to increase the number of governorate involved in the Natural Gas Supply Project to 20.Accordingly, the gas supply ...

 Aug 28 2016 - Oman budget deficit posts USD9bn in H1 MENAFN
(MENAFN) Oman recorded a budget deficit of USD9.1bn in the first half of the current year, compared with a deficit of RO1.92bn a year earlier.Additionally, the government original 2016 budget plan ...

 Aug 28 2016 - Saudi Arabia to issue USD10b worth of bondsMENAFN
(MENAFN) Saudi Arabia aims to issue at least USD10bn worth of bonds in Oct in its first global bond sale.Additionally, the kingdom low debt to GDP ratio offers it with full room to enhance its bond ...

 Aug 28 2016 - US to focus on Saudi trade chances toward Vision 2030MENAFN
(MENAFN) Americans and U.S businesses will play a major role in Saudi Arabia progress toward Vision 2030 and Saudi economy.Moreover, the Saudi ambassador discussed the many ways that the ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help