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BMW

BMW Cuts Margin Forecast for 2022

BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.

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BMW Plans to Resume Production at Some Plants

BMW will gradually resume production at its Munich and Dingolfing plants next week after suspending production over supply chain shortages.

Tesla Leads U.S. Luxury Market

In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.

Luxury Brands Saw Record Sales in 2021

Luxury car brands, such as Rolls-Royce, Bentley, Porsche and BMW saw record sales in 2021.

Auto Industry Readies for Magnesium Shortage

Parts manufacturers rely on magnesium from China to help reduce vehicle weights. But China’s current magnesium output is at 50% of normal levels.

Mercury Insurance Names the Most Affordable New Electric Vehicles to Insure

2021 Hyundai Santa Fe EV tops the list.

Cayenne Leads List of Unworthy $100K Cars

The Things’ Andre Nalin has released a list of 19 vehicles whose quality or dependability falls short of their six-figure price tags, led by the Porsche Cayenne SUV.

SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted annualized rate fell below 17 million for the fourth time this year.

JD Power: Initial Quality Stalls After 4 Years of Acceleration

Genesis, Kia, and Hyundai lead J.D. Power’s Initial Quality rankings for the second straight year, but new-vehicle quality scores are flat overall, driven by a decline among 18 of 31 major U.S. brands.

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BMW Financial Opens Off-Lease Inventory to All Dealers

ATLANTA — In preparation of the influx of off-lease vehicles returning to the market, BMW Financial Services has made its BMWGroupDirect.com service accessible to independent and non-BMW franchise dealers, according to the company. The website — which is powered by RMS Automotive’s web-based vehicle portfolio management solution — was previously open only to BMW franchise dealers. ... Read More »

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