Automakers

BMW aims to beat last year's record sales in 2020

(© Michael Dalder / Reuters/REUTERS)
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By:
Oliver Sachgau
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By:
Bloomberg
January 08, 2020 12:43 PM

BMW said last year was a record year for car sales and 2020 could be better still as the automaker looks to shrug off an overall flat European market and slumping Chinese demand.

The automaker sold 2.52 million cars in 2019, sales chief Pieter Nota said in an emailed statement. The result is a 1.2 percent increase over 2018, when BMW sold 2.49 million cars.

"We look at the coming year with confidence and aim to increase sales again in 2020," Nota said in the statement.

BMW and its rivals face a challenging year ahead as global car sales slow and automakers undertake a costly transition to electric mobility.

In Europe, BMW and others are also facing the introduction of tough emissions regulations aimed at reducing the average fleet emissions.

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