BMW AG sets sales record in 2007

[stressdoc]

Those of you astute enough to pick up some more shares of BMW AG during the recent stock market dip are looking good. News from the USA press site:

"BMW GROUP (WORLDWIDE): 2007 SALES REVENUE RISES TO RECORD LEVEL
01/30/2008

Sales revenue up by 14.3% to euro 56,018 million+++
Sales volume set to reach new high level again in 2008+++

Munich. The BMW Group has achieved a new sales revenue record in 2007. Compared to the previous year, group revenues rose by 14.3% to euro 56,018 million (2006: euro 48,999 million). Revenues of the Automobiles segment went up by 12.7% to euro 53,818 million (2006: euro 47,767 million). The Motorcycles segment reported sales of euro 1,228 million (2006: euro 1,265 million /-2.9%), while the Financial Services segment increased its revenues by 25.8% to euro 13,940 million (2006: euro 11,079 million).

The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers in 2007 also rose to its highest level to date, with the sales volume rising by 9.2% to 1,500,678 units (2006: 1,373,970 units). This upper single-digit growth rate means that the BMW Group was well within the sales volume target that it had set itself for the full year. "

[remmib]

[JackMac]

What is the trading symbol?

[aspiring335]

Originally Posted by JackMac

What is the trading symbol?

http://finance.yahoo.com/q?s=bmw.de

[stressdoc]

Originally Posted by JackMac

What is the trading symbol?

I don't think we're going back above 50 anytime soon, given the state (or lack thereof) of the US economy. BMW was a great buy a few years ago, and a great sell in May/June of this year. At 37 Euros it's expensive in US$, as the Euro exchange rate sucks and is likely to worsen, given how far in debt the current administration seems willing to sink us. There is the opportunity for gains from both the stock value increasing and further weakening of the dollar. At some point, however, that becomes a big problem for BMW because they will have to price cars very high in the US market.

Xetra Frankfurt
ISIN DE0005190003
Symbol BMW
Last Price 37.65 37.52
Date, Time 30/01/08 5.35pm 30/01/08 7.32pm
Change Prev. Day % +0.56% +0.27%
Change Total Prev. Day +0.210 +0.100
Turnover in € 157.25 m 434,633
Traded Volume 4.16 m 11,503
Price Fixings 5,178 47
Bid/Ask
Bid/Ask Volume
Trading hours 9.00 am - 5.30 pm 9.00 am - 8.00 pm
High 38.40 38.34
Low 37.27 37.48
52 Week High 50.73 50.63
52 Week Low 35.98 36.28
Close Previous Day 37.44 37.42

[smack]

[bullmrkt]

Hm, not much of a stock...

[AK]

I´ll drink to that

[Year's_End]

Part of me is happy for BMW's sales success, yet another part of me is somewhat unsettled by the fact that the brand is losing what little exclusivity it has left.

[PaulTheHero]

Originally Posted by Bimmer Loyalist

Part of me is happy for BMW's sales success, yet another part of me is somewhat unsettled by the fact that the brand is losing what little exclusivity it has left.

Yea but they have to...The markets are getting crowded....they need to serve every segment...
Lucky for us bmw is sophistecated enough to make it all work, and the quality as usually is super!

[PrinceSmooth]

Damn, do I really have to go buy an American car? I guess we all need some muscle in our lives one time or another; but I'd still be willing to pay big bucks even with the current state of our economy... Unfortunately, it'll turn away many others.

[LI E90]

probably why the 3 series is as common as a corolla around here