Latest news with #PalSkirta
TimesLIVE
11-07-2025
- Automotive
- TimesLIVE
BMW posts modest Q2 sales increase on growing demand in Europe
German carmaker BMW reported a modest increase in second quarter deliveries on Thursday as growing demand in Europe offset a slump in China, with the US market showing resilience. From April to June, deliveries of BMW, Mini and Rolls-Royce vehicles increased by 0.4% year on year to 621,271 units, the company said. BMW and Mini sales rose by 10.1% in Europe and 1.4% in the US, while sales in China fell by 13.7% compared to the same quarter last year, the carmaker said. The US market growth in the quarter is a signal of resilience, given the ongoing tariff pressures and economic uncertainties in the region, said Pal Skirta, an analyst from Metzler Equities. In contrast, peer Mercedes earlier reported a 14% sales drop for its cars unit in North America in the second quarter. German carmakers are pushing for a deal with US President Donald Trump to replace a hefty 25% tariff on car and car part imports, from which BMW and Mercedes-Benz would benefit most as the two companies operate large factories in the US. The analyst also pointed to "the strong performance of the Mini brand, which recorded growth across all regions" and should help alleviate market concerns surrounding the agency sales model recently introduced in some markets.
Yahoo
10-07-2025
- Automotive
- Yahoo
BMW shares rise 4% after positive pre-close earnings call
MILAN (Reuters) -Shares in BMW climbed on Thursday after the German automaker held a well-received pre-close earnings call. Shares in the German premium carmaker were up 4.4% at 1359 GMT. An analyst said BMW confirmed on the call its 5-7% auto margin for both the second quarter and the full year. This is "a strong signal - particularly as the guidance was maintained despite ongoing tariff pressures and a challenging situation in China", Pal Skirta, an analyst at Metzler Equities, said. Bernstein analysts echoed this sentiment, noting that the guidance was maintained despite a mid-three-digit million-euro impact from tariffs, which they said helped to assuage some nervousness in the market. BMW was not immediately available for a comment. The group holds two investor days next week and releases its quarterly results on July 31. Earlier on Thursday, the company reported a modest increase in second-quarter deliveries, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Automotive
- Yahoo
BMW shares rise 4% after positive pre-close earnings call
MILAN (Reuters) -Shares in BMW climbed on Thursday after the German automaker held a well-received pre-close earnings call. Shares in the German premium carmaker were up 4.4% at 1359 GMT. An analyst said BMW confirmed on the call its 5-7% auto margin for both the second quarter and the full year. This is "a strong signal - particularly as the guidance was maintained despite ongoing tariff pressures and a challenging situation in China", Pal Skirta, an analyst at Metzler Equities, said. Bernstein analysts echoed this sentiment, noting that the guidance was maintained despite a mid-three-digit million-euro impact from tariffs, which they said helped to assuage some nervousness in the market. BMW was not immediately available for a comment. The group holds two investor days next week and releases its quarterly results on July 31. Earlier on Thursday, the company reported a modest increase in second-quarter deliveries, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
10-07-2025
- Automotive
- Time of India
BMW posts modest Q2 sales increase on growing demand in Europe, US resilience
German carmaker BMW reported a modest increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. In the April-to-June period, deliveries of BMW, MINI and Rolls-Royce vehicles increased by 0.4% year on year to 621,271 units, the company said. BMW & MINI sales rose by 10.1% in Europe and by 1.4% in the United States, while sales in China fell by 13.7% compared to the same quarter last year, the carmaker said. The U.S. market growth in the quarter is a signal of resilience, given the ongoing tariff pressures and economic uncertainties in the region, Pal Skirta, an analyst from Metzler Equities said. In contrast, peer Mercedes earlier reported a 14% sales drop for its cars unit in North America in the second quarter. German carmakers are pushing for a deal with President Donald Trump to replace a hefty 25% tariff on car and car part imports, from which BMW and Mercedes-Benz would benefit most as both companies operate large factories in the United States. The analyst also pointed to "the strong performance of the MINI brand, which recorded growth across all regions" and should help alleviate market concerns surrounding the agency sales model recently introduced in some markets.>
Reuters
10-07-2025
- Automotive
- Reuters
BMW posts modest Q2 sales increase on growing demand in Europe, US resilience
July 10 (Reuters) - German carmaker BMW ( opens new tab reported a modest increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. In the April-to-June period, deliveries of BMW, MINI and Rolls-Royce vehicles increased by 0.4% year on year to 621,271 units, the company said. BMW & MINI sales rose by 10.1% in Europe and by 1.4% in the United States, while sales in China fell by 13.7% compared to the same quarter last year, the carmaker said. The U.S. market growth in the quarter is a signal of resilience, given the ongoing tariff pressures and economic uncertainties in the region, Pal Skirta, an analyst from Metzler Equities said. In contrast, peer Mercedes ( opens new tab earlier reported a 14% sales drop for its cars unit in North America in the second quarter. German carmakers are pushing for a deal with President Donald Trump to replace a hefty 25% tariff on car and car part imports, from which BMW and Mercedes-Benz would benefit most as both companies operate large factories in the United States. The analyst also pointed to "the strong performance of the MINI brand, which recorded growth across all regions" and should help alleviate market concerns surrounding the agency sales model recently introduced in some markets.
