Profits will always be more important than being the world’s biggest premium car maker for BMW, according to sales and marketing boss Ian Robertson, after the firm slipped from first to third in the sales race against Mercedes and Audi in the opening months of 2016.
In particular, Mercedes sales have surged, rising up to 20% year-on-year off the back of strong demand in China. BMW’s growth rate, meanwhile, has exceeded that of Audi, but the latter is still selling more cars.
“Profits have always been our guiding light, and our consistency in that field bears testament to that,” said Robertson. “But within that, there is always the challenge of balancing the equation between profit, volume and residual values. If I’m honest we’re not 100% where we want to be.
“But a lot of that is down to some clear, profit-led decisions we’ve taken. In Russia, where the currency has halved in value, we’ve stopped selling our smaller cars. That’s a profit decision that some of our rivals haven’t taken. Likewise, we are more active in some European fleet markets than others.