Johannes Seibert, regional director of BMW, said that the X5 pioneered the SAV segment when it was launched back in 1999 — and is still the market leader in that segment.
All BMW X segments contributed about 41 percent of sales during the first half of this year.
As for the X5, the company sold 2,526 cars during the first half of 2014, an increase of 11 percent. Sales of X5 in Saudi Arabia more than doubled during the first half of 2014 notching 125 percent hike. Seibert said that the company expects to increase the share of the X segment further this year after launching the X4 and the X6.
The company also announced plans to invest, $900 million dollars in the Spartanburg production plant in South Carolina, which produces several BMW X models.
This is in response to increased global demand for the X models and the expansion of the X family to include the X4 model and also the future BMW X7.
Seibert: X5 sales in Saudi Arabia up 125%
Seibert: X5 sales in Saudi Arabia up 125%
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