BMW Motorrad offered 1,29,599 bikes for the primary 9 months of 2020, nonetheless a 5.9 per cent drop in comparison with the identical interval a 12 months in the past.
BMW Motorrad offered 1,29,599 bikes globally within the first 9 months of 2020
BMW Motorrad has reported a 20.9 per cent improve in world gross sales within the third quarter of 2020, regardless of 2020 being a troublesome 12 months for motorbike gross sales, with the continued COVID-19 pandemic and world financial downturn. The preliminary slowdown within the motorbike business throughout the first half of the 12 months appears to have given method to stronger gross sales in the summertime, and the momentum appears to be persevering with. In the third quarter of the 12 months (from July to September, 2020), the German model has reported huge features of almost 21 per cent, with general world gross sales volumes standing at 52,892 models.
Also Read: BMW Motorrad Global Sales Down 17.7 Per Cent In First Half Of 2020
Also Read: BMW Motorrad India Sales Grow By 70 Per Cent In Q1 2020
BMW Motorrad nonetheless remains to be off the mark for gross sales for the complete 12 months, with the primary half hammered by COVID-19 lockdowns around the globe. So far, BMW Motorrad has offered only one,29,599 bikes for the primary 9 months of 2020, nonetheless a 5.9 per cent drop in comparison with the identical interval a 12 months in the past. With many dealerships around the globe closed for a sequence of months due to the coronavirus outbreak, motorbike producers misplaced out on some apparent gross sales. However, there appears to be some pent up demand in gross sales which appears to have picked up within the latter months of the 12 months.
Also Read: 2020 BMW G 310 R, BMW G 310 GS Launched With New Colours, BS6 Engine & More
For BMW Motorrad India, which offered over 5,000 bikes in 2019, 2020 has been a subdued 12 months as properly. The model’s hottest fashions, the made-in-India BMW G 310 R and BMW G 310 GS have solely now been launched with the newest Bharat Stage VI emission laws, which got here into impact from April 1, 2020. And 85 per cent of BMW Motorrad’s India gross sales are from these two fashions, which have offered over 5,000 models for the reason that fashions had been launched in 2018. Finally, costs have been slashed for the brand new 2020 BMW G 310 fashions, and BMW Motorrad will probably be hoping to make up for some gross sales volumes whilst market sentiment begins to select up. The huge query over world gross sales would be the financial sentiment, with the COVID-19 pandemic anticipated to increase into 2021, and with the accompanying world financial downturn.