BMW recently announced that they had a record year for car sales and that 2020 could be even better. The automaker sold 2.52 million vehicles in 2019, sales chief Pieter Nota said in an emailed statement. The result is a 1.2 percent increase over 2018, when BMW sold 2.49 million cars.
“We look at the coming year with confidence and aim to increase sales again in 2020,” Nota said in the statement.
The company is optimistic as high-end utility vehicles like the flagship X7 and an upgrade to the stalwart M8 performance coupe are their bread-and-butter.
German car production fell to its lowest in almost a quarter of a century last year as Europe’s biggest economy suffers from the fallout of a global trade war, according to the country’s VDA car lobby group.
Like many of their competitors, BMW had to balance their reliance on gasoline-powered vehicles and shift toward electric cars to avoid emissions fines from the EU, who recently enacted strict emissions laws. The rules will sharpen again next year, leaving automakers potentially facing billions in fines if their fleets don’t meet the average emission targets.