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 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.


 


Arab News




  MENA News Headlines
 May 4 2015 - Saudi- Majlis Al-Shura: Custodian of the Two Holy Mosques Consolidates Saudi Ruling House Since Ascension to ThroneSaudi Press Agency
(MENAFN - Saudi Press Agency) Majlis Al-Shura has highly valued the selection by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Prince Mohammed bin Naif bin Abdulaziz as ...

 May 4 2015 - Saudi- Onaizah Scouts awarded Medal of Scouts of the WorldSaudi Press Agency
(MENAFN - Saudi Press Agency) The Scouts of Onaizah have obtained recently certificates of thanks and appreciation from Saudi Arabian Boy Scouts Association, and awarded the Medal of Scouts of the ...

 May 4 2015 - Egypt- CFF4: Fashion festivities hit Cairo for 4th timeDaily News Egypt
(MENAFN - Daily News Egypt) The minute you step onto the red carpet, several photographers race each other to take your photo, until you walk into one of Cairo's most captivating open spaces. The ...

 May 4 2015 - Egypt- Mercedes-Benz denies withdrawal from Egyptian marketDaily News Egypt
(MENAFN - Daily News Egypt) Following a state of confusion that resulted from rumours that Mercedes-Benz was withdrawing from the market, the German luxury car-maker issued an official statement ...

 May 4 2015 - Egypt- Pharmaceutical factory worth EGP 250m in Indian investments inauguratedDaily News Egypt
(MENAFN - Daily News Egypt) Indian company Pharmed Healthcare, a joint Hetero group venture, inaugurated in Egypt Sunday a factory for producing a drug called "Sofosbuvir", in the presence of ...

 May 4 2015 - Egypt- Court sentences 5 to death in Kerdasa police killingsDaily News Egypt
(MENAFN - Daily News Egypt) The Giza Criminal Court sentenced five defendants to death Monday on charges of storming the Kerdasa police station and murdering at least 11 policemen in August 2013.The ...

 May 4 2015 - Saudi-led coalition hits military base in YemenJordan News Agency
(MENAFN - Jordan News Agency) Saudi-led coalition struck Sanaa's al Dulaimi military airbase in a series of airstrikes on Sunday.The base, targeted by two airstrikes, was considered as the central ...

 May 4 2015 - 139 new Syrian refugees cross into Kingdom of JordanJordan News Agency
(MENAFN - Jordan News Agency) Jordan Armed Forces' border guards received 139 Syrian refugees in the last 72 hours, a source at the General Command of the Armed Forces reported on Sunday.The new ...

 May 4 2015 - Jordan Central Bank's liquidity position reaches JD4.3billionJordan News Agency
(MENAFN - Jordan News Agency) The Central Bank of Jordan (CBJ) announced Sunday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital ...

 May 4 2015 - Jordan ranks first in International Mental Arithmetic CompetitionJordan News Agency
(MENAFN - Jordan News Agency) Jordanian children proved that they are at the forefront of creativity and innovation with seven students ranking first in the International Mental Arithmetic ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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