BMW M3 Forum (E90 E92) - View Single Post - Interesting Article : BMW Tries to Reduce Leases From 60% of Its U.S. Sales

Voltigeur · 08-02-2008, 12:09 PM

But the point is that BMW's sales were down -10% in US, profits down by about nearly -33% and they lost $373m on leases due to residuals' & credit costs' risk. If the model is broken - and credit costs have gone up - then BMW AG and the finance arm has to pare their exposure. Will reduce sales ... and they'll focus some more on Mid-East etc.

http://www.bloomberg.com/apps/news?p...JME&refer=home

I don't want to sound like an a-hole but I was warning about the credit environment, housing and high gas last year.

Hey, at least BMW's not GM which suffered the 3rd worst qtrly loss ever w/ $15.5B of red ink!

08-02-2008, 12:09 PM	#3
Voltigeur MacroRisk 109 Rep 2,523 Posts Drives: M3 E92 ED'09 / 335d Sport DD Join Date: Jul 2007 Location: TX iTrader: (0)	BMW took a bath But the point is that BMW's sales were down -10% in US, profits down by about nearly -33% and they lost $373m on leases due to residuals' & credit costs' risk. If the model is broken - and credit costs have gone up - then BMW AG and the finance arm has to pare their exposure. Will reduce sales ... and they'll focus some more on Mid-East etc. http://www.bloomberg.com/apps/news?p...JME&refer=home I don't want to sound like an a-hole but I was warning about the credit environment, housing and high gas last year. Hey, at least BMW's not GM which suffered the 3rd worst qtrly loss ever w/ $15.5B of red ink! __________________ Just thinking of something not so witty ///M3 E92 '09 Jerez Black \| 6MT \| Ext Fox Red \| Tech \| Prem \| 19s \|Heated Seats \| iPod \|Smartphone \| Euro Deliv June 09 Sold: 540iT / 530i / 323i
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