China BMW's Biggest Market - In 5 To 10 Years

china bmw s biggest market in 5 to 10 years

One by one, automakers announce that China either is or will be their largest market in the world. First and foremost, there’s GM. The General officially sells more cars in China than back home (some nitpicking caveats remain.) Volkswagen’s Audi said its China sales are expected to exceed German sales next year. If you want to sell luxury cars, you need to ship them to China. China already is the world’s largest market for the Mercedes-Benz S-Class , and China might soon outclass the Germans in all Mercedes classes. Nobody buys more Porsche Cayennes than the Chinese. With all these records by other makers, BMW can’t possibly remain on the sidelines.

“In the next five to 10 years, China will be the biggest market for all brands and become a big area of competition,” said Christoph Stark, president and CEO of BMW Group Region China. What, that’s all? In the next 5 to 10 years?

According to Xinhua, Stark made the remarks in the capital of Tibet (wisely without mentioning other sensitive issues,) where BMW organized a brand experience event for its 7 Series.

China passed the UK in June to become BMW’s third-largest market (after Germany and the U.S.) But wait, here’s a record: China is already the world’s largest market for the BMW 7 Series.

BMW sold nearly 122,000 cars on the Chinese mainland in the first nine months this year, almost doubling the figure in the same period last year.

A few years ago, would you have believed that most luxury makers (and all of GM) would be dead, if there wouldn’t be the Chinese market where they supposedly all wear straw hats and ride bicycles?

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  • Lets thank Reagan, Bush Sr., Clinton and Bush Jr. for transferring American wealth and American jobs to Asia. When I was living in China in 2003, NO ONE short of the rich and taxi companies could afford a car. Now they are able to put 10,000 on the road daily. If Donald Trump runs for President, I'm voting for him because he understands what I'm talking about.

    • Bertel Schmitt Bertel Schmitt on Nov 08, 2010

      Make that 46,000 daily.

      And you don't want The Donald as a President. He once was a client of ours. He paid 80% of the bills and said "sue me for the rest."

  • Steven Lang Steven Lang on Nov 08, 2010

    Trump is a well known 're-neg' on bills of all types. He has literally given up his ownership stake in in all Trump properties in order to service a debt he has no capacity to repay.

    Just Google 'Trump loses' or go to the Wiki page. I wouldn't want anyone who has filed Chapter 11 bankruptcy three times in the last 15 years (the first two during America's real estate boom) to be anywhere near my money. Even without that, the guy lives a good deal of his financial life in courtrooms.

    As for China, with the way things are going we may as well consider our own days as an empire numbered. That may not be a bad thing... our current balances are too debtful to be sustained and the entitlement mentality at all levels of society needs a reality check.

  • Redapple2 I hope i fit in the new version.Wanted one since 1990
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  • Snickel Fritz I just bought a '97 JX 4WD 4AT, and though it's not quite roadworthy yet I am already in awe of it's simplicity and apparent ruggedness. What I am equally in awe of, is the scarcity of not only parts but correct information regarding anything on this platform. I'm going to do my best to get this little donkey back on it's feet, but I wouldn't suggest this as a project vehicle for anyone who doesn't already have several... and a big impressive shop with a full suite of fabrication/machining/welding equipment, and friends with complimentary skillsets, and extra money, and... you get the idea. If you don't, I urge you to read up on the options for replacing anything on these rigs. I didn't read enough before buying, and I have zero of the above suggested prerequisites... so I'm an idiot, don't listen to me. Go buy all of 'em!
  • Bryan Raab Davis I actually did use the P of D trope, but it was only gentle chiding, for I love old British cars of every sort.
  • ScarecrowRepair The 1907 Panic had several causes of increased demand for money:[list][*]The semi-annual shift of money between farms and cities (to buy for planting and selling harvests)[/*][*]Britain and Germany borrowing for their naval arms race[/*][*]San Francisco reconstruction borrowing after the 1906 earthquake and fire[/*][/list]Two things made it worse:[list][*]Idiotic bans on branch banking, which prevented urban, rural, and other state branches from shifting funds to match demands. This same problem made the Great Depression far worse. Canada, which allowed branch banking, had no bank failures; the US had 9000 failures.[/*][*]Idiotic reserve requirements left over from the Civil War which prevented banks from loaning money; they eventually started honoring IOUs illegally and started the recovery.[/*][/list]Been a while since I read up on it, so I may have some of the details wrong. But it was an amazing clusterfart which could have been avoided or at least tamed sooner if states and the feds hadn't been so ham handed.