Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



BMW Scores Big With This Impressive SUV

The new BMW X1. Photo: BMW.

Since its launch in 2009, BMW's (NASDAQOTH: BAMXF  ) X1 has scored big with consumers. In fact, when it launched in Europe, it sold so well that the U.S launch date had to be pushed back due to lack of supply. What's more, in September, X1 sales increased 13.6% compared to the same time last year, and helped contribute to BMW's record-breaking sales -- great news if you're looking for your next car stock. Here's what else you need to know about this hot-selling model. 

Consumers and the allure of a compact SUV
At slightly more than 14 feet long and 5 feet high, the X1 falls into the category of "compact SUV." There are a number of engine options for the X1, but the base, which has a starting MSRP of $30,800, is the sDrive28i. Powered by a turbocharged 2.0-liter inline four-cylinder engine that produces 240 hp and 260 pound-feet of torque, the X1 can go 0-60 in 6.2 seconds, has an EPA-estimated fuel economy of 23 mpg city/34 mpg hwy/27 mpg combined, and sports a drag coefficient of 0.33.  

More importantly, consumers love the X1. For the first nine months of 2013, BMW sold 116,451 X1s, compared to 102,519 for the same time last year -- a 13.6% increase. Furthermore, September U.S sales of the X1 increased to 1844 units sold, compared to 1570 units sold in September 2012 -- that's an increase of 17.5%. Additionally, the X1's sales increase is in contrast to the overall U.S market's September sales decline of 7.7% for small premium brand utility vehicles .

The future of BMW
BMW has a number of things going for it, and so far, 2013 is shaping up to be a great year for the company. Not only has it scored a success with its X1, but it's also seen incredibly strong worldwide sales of its 3 Series (up 27.6% year to date), 5 Series (up 2.7% year to date), and 6 Series (up 22.6% year to date).  Even better for investors, BMW's luxury auto market share in America reached 17.5% in September, second only to rival Daimler's (NASDAQOTH: DDAIF  ) Mercedes-Benz market share of 18.3%.  

Furthermore, like I've said before, as far as car stocks go, BMW's luxury car market share in China is second only to Volkswagen's (NASDAQOTH: VLKAY  ) Audi market share. As such, BMW has a strong, and growing presence in one of the fastest-growing luxury car markets in the world. All these factors suggest, BMW could make a great addition to your investing portfolio.

More great stocks for your portfolio

Take this stock for a test drive
Are you looking for more great stock picks? Well, BMW isn't the only stock that could boost your portfolio. In fact, The Motley Fool's chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (13)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2679956, ~/Articles/ArticleHandler.aspx, 9/25/2016 5:06:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 3:21 PM
BAMXF $84.76 Down -0.62 -0.72%
BMW CAPS Rating: *****
DDAIF $71.30 Up +0.20 +0.28%
VLKAY $28.94 Down -0.29 -0.98%
Volkswagen AG (ADR… CAPS Rating: **