BMW's sales in RI exceed target

BMW's sales in RI exceed target

The Jakarta Post, Jakarta

PT BMW Indonesia, the subsidiary of giant global car maker BMW
AG German, has sold 2,122 BMW cars in the country until November,
a figure that exceeded the company's whole year's target, the
company's president director Jesus Cordoba said on Thursday.

Based on the numbers, BMW has established itself as the front
runner seller in premium cars in the country with a 40 percent
market share, said Cordoba.

"Year 2002 has been an exciting year for BMW Indonesia and
even though we have not closed our books, we have already
exceeded 2002 sales expectations," said Cordoba, in a statement
available to The Jakarta Post.

Cordoba did not provide precise details over this year sale
target.

In his press statement, Cordoba encouraged BMW enthusiasts to
purchase a new model BMW car this year, before the price goes up
next year.

As of Jan. 1, next year, the price will increase by 1.5
percent thanks to "technical adjustment", he said, without
elaborating.

The price increase would also be compounded by the annual
police car registration costs which would be around 1.5 percent,
he further said.

According to Cordoba, there is no difference the 2003
registered cars and those produced in 2002 in terms of design and
engine.

"Therefore, purchasing (BMW cars) before Dec. 31 this year
will provide cost benefit for those thinking about buying a car,"
he said.

Meanwhile, in another statement, the company voiced confidence
that it would enjoyed a 17 percent hike in sales worldwide this
year.

From January to November this year, the company sold 976,300
cars, compared 831,900 in the same period of last year.