BMW Reports Strong Sales Growth for First Half of 2019

Business newspaper
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As the owner of GMP Cars, LLC, Geoffrey “Geoff” Palermo manages a growing automotive business that includes eight exotic vehicle restoration and repair shops throughout the San Francisco Bay Area. As part of its business expansion plans, Geoffrey Palermo’s company recently acquired German Collision, which is San Francisco County's only certified BMW repair shop.

One of the most popular luxury car brands, BMW recently reported strong sales growth in 2019. Over the first half of the year, the company saw car sales rise 0.8 percent worldwide. With more than 1.25 million BMWs delivered to buyers, the first two quarters of 2019 set a company sales record for the first half of the year. In addition, the month of June broke records for the company, with more than 203,523 units sold, the most ever in the month of June.

The positive sales results are partially attributed to the rollout of new models, said Pieter Nota, member of the BMW AG Board of Management. The new X family vehicles are among the best-selling models, with sales figures for those models up more than 23 percent compared to the first half of 2018.