BMW 2007 Annual Report Download - page 17
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15
The value-added tax increase, high fuel prices and
the climate change debate all made themselves felt.
Most of the other major European countries did, how-
ever,
experience some growth, with new registra-
tions
up by almost 7 % in Italy, by 2.5 % in the United
Kingdom and by more than 3 % in France. By con-
trast, the Spanish market contracted slightly by just
over 1 %.
Eastern Europe registered strong growth for
the first time in years. This was mainly due to a sharp
increase in new car sales in Poland, where the
number of new registrations rose by almost a quarter
despite the continued high volume of used car im-
ports. Russia again saw double-digit growth, with
passenger car sales up by more than a quarter.
Unit sales again rose steeply in the emerging
markets of Asia. The Chinese market grew at the
fastest rate (26 %), while India recorded a growth
rate of 15 %. The South Korean market grew by 7 %.
By contrast, the Japanese car market failed once
again to benefit from the general improvement in
the economy and contracted by approximately 5 %.
The Latin American automobile markets again
generated strong growth in 2007, with the Brazilian
and Argentinian markets each growing by approxi-
mately 25 %. By contrast, the Mexican market con-
tracted slightly.
Motorcycle markets in 2007
As in previous years, the motorcycle markets rele-
vant for the BMW Group again developed diver-
gently in 2007. Worldwide motorcycles sales in the
500 cc plus segment were 0.2 % down on the pre-
vious year. The drop was particularly pronounced
in the USA where 4.1 % fewer motorcycles were
sold. By contrast, the motorcycle markets relevant
for the BMW Group grew by 3.0 % in Europe, al-
though developments varied from one country to
the next. Whereas the markets contracted in Ger-
many (– 0.6 %) and Italy (– 4.9 %), there was growth
in France (+ 0.4 %), Spain (+ 13.0 %) and the United
Kingdom (+ 8.3 %). Motorcycle sales in Japan were
down by 2.0 %.
Oil price
Price per barrel of Brent Crude
Euro
100
90
80
70
60
50
40
30
US Dollar
100
90
80
70
60
50
40
30
03 04 05 06 07
Source: Reuters
Price in US Dollar Price in Euro
Palladium Silver Gold Platinum
Precious metals price trend
(Index: 31 December 2002 = 100)
Source: Reuters
03 04 05 06 07
310
280
250
220
190
160
130
100
70