BMW Group Ended 2020 With A Strong Fourth-Quarter Sales Results Despite The Pandemic
Despite weak economic conditions, the BMW Group continues to deliver commendable results with strong demands coming from key markets like China and South Korea.
The post BMW Group Ended 2020 With A Strong Fourth-Quarter Sales Results Despite The Pandemic appeared first on LUXUO.
For a period of time, the world seemed to have halted. Working from home became the norm, travel within the city confined solely to purchasing essential items. The streets were empty, void of any large scale activities, even vehicles became a rare sight. Unless you are an essential worker, chances are you will be required to remain at home. Many industries, as a result, suffered tremendously from the lack of economic activities. For the year ended in 2020, it?s unsurprising that many companies have reported loses amidst this period of uncertainty. While numerous companies are struggling to make ends meet, there are pockets of lucky ones that have managed to pull through and achieve commendable results. The BMW Group is one such company. It has exceeded expectations and garnered a 3.2% (YOY) increase in sales for its fourth quarter ? the Group sold over 600k vehicles. Apart from that, a close to 40% increase in demand for plug-in hybrid vehicles was also seen as compared to 2019. Increased demands for hybrid vehicles is also a signal that consumers are aware of its environmental benefits and the company is well poised to tackle the problems with its cutting-edge technology. ?Thanks to our Efficien...
The post BMW Group Ended 2020 With A Strong Fourth-Quarter Sales Results Despite The Pandemic appeared first on LUXUO.
For a period of time, the world seemed to have halted. Working from home became the norm, travel within the city confined solely to purchasing essential items. The streets were empty, void of any large scale activities, even vehicles became a rare sight. Unless you are an essential worker, chances are you will be required to remain at home. Many industries, as a result, suffered tremendously from the lack of economic activities. For the year ended in 2020, it?s unsurprising that many companies have reported loses amidst this period of uncertainty. While numerous companies are struggling to make ends meet, there are pockets of lucky ones that have managed to pull through and achieve commendable results. The BMW Group is one such company. It has exceeded expectations and garnered a 3.2% (YOY) increase in sales for its fourth quarter ? the Group sold over 600k vehicles. Apart from that, a close to 40% increase in demand for plug-in hybrid vehicles was also seen as compared to 2019. Increased demands for hybrid vehicles is also a signal that consumers are aware of its environmental benefits and the company is well poised to tackle the problems with its cutting-edge technology. ?Thanks to our Efficien...
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