bmw grabs us luxury car crown
Last Updated : GMT 06:41:18
Arab Today, arab today
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BMW grabs US luxury car crown

Arab Today, arab today

Arab Today, arab today BMW grabs US luxury car crown

London - AFP

BMW overtook Mercedes-Benz in a surprise upset Thursday to grab the crown of best-selling luxury brand in the United States after an incentive-fueled race to the finish of 2011. The upset came after Autodata declared Mercedes the champion Wednesday using data gleaned from a "credible industry source" after neither automaker had reported their results on the industry's standard reporting day. "I have great confidence that 2012 will be even better especially with the all-new BMW 3 Series arriving in the US in February with more new and refreshed models coming in the months after," Ludwig Willisch, chief executive officer of BMW of North America said in a statement. With the champion of the past 11 years -- Toyota's Lexus -- hobbled by the fallout from Japan's devastating March 11 earthquake and tsunami, the two Teutonic giants went head-on to snatch the highly visible symbol of automotive supremacy. Mercedes pulled ahead in November thanks to the launch of its new 2012 C-Class sedan and was expected to end up the victor. But BMW regained the lead and claimed first place with a lead of just over 2,600 vehicles. BMW reported Thursday its sales rose 12.6 percent in 2011 to 247,907 after posting a 15 percent gain in December. Mercedes reported a 13.3 percent gain to a record 245,231 vehicles sold in 2011 after a 28 percent jump in December sales. Lexus finished a distant third as 2011 sales dropped 13 percent to 198,552. BMW raised its incentive spending more than $200 to $3,694 per vehicle sold from November to December, while Mercedes' average spend remained virtually flat at $3,174, Edmunds.com found. The average discount percentage on a new BMW in December was 11.2 percent off the sticker price, compared to 9.5 percent for a new Mercedes, the automotive website determined. The bragging rights the crown brings can help in future sales.

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