BMWFS reports strong first half

BMW Financial Services (BMWFS) has enjoyed further success in the first half after a solid performance in Q1 this year. Its business volume, in balance sheet terms, was 7.5 % higher than a year earlier, at 65.8bn (£54.8bn) as of 30 June 2010 At that date, a total of 3,119,340 lease and financing contracts were in place with dealers and retail customers, representing a rise of 3% compared to the year before.

ClaireHack September 2, 2010

BMW Financial Services (BMWFS) has enjoyed
further success in the first half after a solid performance in Q1
this year.

Its business volume, in balance sheet terms,
was 7.5 % higher than a year earlier, at €65.8bn (£54.8bn) as of 30
June 2010, its latest results show.

At that date, a total of 3,119,340 lease and
financing contracts were in place with dealers and retail
customers, representing a rise of 3% compared to the year
before.

Year-on-year, Q1 2010 saw a rise of 16 percent
in the number of finance applications in the UK, including cars,
motorbikes, Mini and Rolls Royce, for both used and new
vehicles.

In March 2010, the figure was up 18 percent
compared to March 2009.

Claire
Hack