BMW aims to outsell Mercedes by 2020

Wednesday, 24 January 2018 00:03 - - {{hitsCtrl.values.hits}}

Harald Krueger, Chief Executive of German luxury carmaker

Frankfurt (Reuters): BMW aims to overtake rival Mercedes-Benz in terms of annual deliveries within two years, Chief Executive Harald Krueger told German monthly Manager Magazin. “In 2020 we will be the No.1 in terms of unit sales again. I am holding my team to that target, even if it won’t be a walk in the park,” the magazine quoted Krueger as saying in an interview published last week.

BMW slipped behind Mercedes in 2016, after holding onto the global luxury sales crown for about a decade.

It reported record sales in 2017 on strong demand for its sport-utility vehicles and the overhauled 1-Series compact but was still outsold by Mercedes, owned by Daimler.