BMW 2006 Annual Report Download - page 17

16 Group Management Report
10 Group Management Report
10 A Review of the Financial Year
12 General EconomicEnvironment
15 Review of operations
38 BMW Stock and Bonds
41 Disclosures pursuant to §289 (4)
and §315 (4) HGB
43 Financial Analysis
43 – Internal Management System
44 – Earnings performance
46 – Financial position
48 – Net assets position
50 – Subsequent events report
50 – Value added statement
53 – Key performance figures
54 – Comments on BMW AG
58 Risk Management
62 Outlook
The sales volume of the BMW 1 Series in 2006,
with 151,918 cars handed over to customers during
the year, was 1.6% ahead of the previous year. The
revised BMW 1Series becomes available from March
onwards and will be followed by the new three-door
version from May onwards.
The number of BMW 3 Series vehicles delivered
to customers rose sharply in 2006. In total, 508,479
BMW 3 Series cars were sold, representing an in-
crease of 17.1% over the previous year. Since the
market introduction of the new BMW 3 Series Coupé
in September 2006, sales of this model have de-
veloped exceptionally well. 22,105 units were sold in
the fourth quarter 2006 alone, more than three
times the number of cars (+244.5%) sold in the cor-
responding prior year quarter. Over the course of the
whole year, the sales volume of the BMW 3 Series
Coupé rose by 29.3 % to 41,185 units.
336,232 BMW 3 Series Sedan were delivered
to customers in 2006, 12.0% more than one year
earlier. In its first full year on the markets, the sales
volume of the BMW 3 Series Touring took a 64.1%
leap to 105,483 deliveries. Due to model life-cycle
factors, the sales volume of the BMW 3 Series
Convertible fell by 20.3% to 25,235 units. Demand
will be revived by the market introduction of the suc-
cessor model in March 2007.
The BMW 5 Series recorded a sales volume
of 232,193 units, edging up 1.7% compared to the
previous year. This includes 182,539 units (+2.7%)
of the BMW 5 Series Sedan and 49,654 units (–2.0%)
of the BMW 5 Series Touring. An extended version
of the BMW 5 Series has been developed specifi-
cally for the Chinese markets and has been available
there since December.
Sales of the BMW 6 Series were down by 6.0%
to 21,947 units.The sales volume of the BMW 6 Se-
ries Coupé decreased by 4.1% to 11,941 units, and
that of the BMW 6 Series Convertible by 8.1% to
10,006 units.
With 50,227 Sedans sold, the sales volume of
the BMW 7 Series reached the previous year’s level
(+ 0.3%). The sales performance of the BMW 7
Series in China (Mainland) was particularly encour-
aging; with a sales volume of 7,522 units, this
model managed to achieve market leadership in
its segment.
The updated Sports Activity Vehicle BMW X3
has been available to customers since September.
Compared to the previous year, the sales volume of
the BMW X3 increased by 3.0% in 2006 to a total
of 114,000 units.
Seven years on from the market introduction of
the first BMW X5, the second generation of this
highly successful model has been available since
November 2006, initially on the American market.
The fact that this model only became available so
late in the year meant that it has not yet had a great
impact on the annual sales volume. As a result of
model life-cycle factors, 75,321 units were sold in
2006, 25.8% fewer than in the previous year. The
BMW X5 will become available in Europe from March
2007 onwards, which is expected to cause a sharp
increase in sales volume.
New models and model improvement meas-
ures made to the BMW Z4 had a positive impact on
sales volume. The updated BMW Z4 Roadster and
BMW Z4 M Roadster models have been available
on the markets since March and the new BMW Z4
Coupé and BMW Z4 M Coupé models since June.
In total, the sales volume of the various BMW Z4
models increased by 7.5% in 2006 to 30,981cars.
Proportion of cars with diesel engines
slightly higher
The proportion of diesel-powered BMW cars is
steadily increasing. Altogether 40 % of BMW cars
sold in 2006 were equipped with a diesel engine.
The percentages for 2005 and 2004 were 39 %
and
34% respectively. In many European markets,
the number of diesel cars sold well exceeds the
number of petrol cars sold. The highest proportion
in Europe is in Portugal where 91% of all BMW
vehicles sold were diesel-driven. The proportion of
diesel-powered BMW cars is also very high in
France (90 %) and Italy (89%). In absolute terms, the
highest numbers of BMW cars with diesel engines
BMW brand cars in 2006 – analysis by series
as a percentage of total BMW brand sales volume
1 Series
3 Series
5 Series
6 Series
7 Series
X3
X5
Z4
42.9
12.8
6.4
4.2
1.9
2.6
9.6
19.6