BMW Is the World’s Largest Premier Car Company, Maybe

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
BMW Is the World’s Largest Premier Car Company, Maybe

© Courtesy of BMW

BMW Group has announced that it is the world’s largest luxury car company, based on 2019 sales. The company owns the BMW, Rolls Royce and Mini brands. Overall sales reached a record 2,520,307, up 1.2% from 2018.

The most carefully watched part of BMW sales are those of the flagship BMW brand. Its sales rose 2.0% to 2,168,516 units. Presumably, that means it bested Daimler Mercedes-Benz, which is the only company that can claim to come close to BMW. This is where the claims become confusing: Mercedes-Benz delivered 2,339,562 cars last year, up 1.3% year over year.

The two sets of announcements show ways that car companies produce sales numbers, which often appear created to build an impression of success. BMW’s corporate numbers include all its vehicles. That bumps its number higher.

The same thing happens when the U.S. car manufacturers put out gross sales figures. They include fleet sales and not just those to the general public. Some cars have “their best month in years” or “their best year ever.” In reality, the numbers of sales of these models are often so modest that the claims mean very little.

The BMW sales record battle with Mercedes is for public relations purposes more than anything else. The companies have yet to announce what their revenue and operating profits were last year. Until those figures are released, the unit sales claims mean very little. BMW may have made more per vehicle last year. Or, perhaps Mercedes did.

[nativounit]

BMW and Mercedes each unquestionably had a good year. Each had success across the major markets of the United States, Europe and China. Certainly, all other luxury brands are behind them by miles. Does it matter which sold the most units in 2019? The answer is no.

[recirclink id=606421]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618