We also cannot forget that BMW under Kruger has been a little behind and not the powerhouse as they have been making investors a bit nervous. Sure they're doing really well (2.35 million sold, 9.5% return) but the i5 has been constantly not made it through the board, Mini isn't reaching its target of 500,000 sales, Kruger is scared to speak in public, the iNext isn't coming until 2021, and china is stagnating. Sure we can't blame Kruger but let's not pretend that BMW is on a roll like MB is right now. They're still doing well but we have clouds on the horizon.
MINI sales are generally still on the up - 2015 was a record year, then so was 2016, 2017 sees full availability of the new Countryman so there's a good chance 2017 will be a record year for MINI too. I'm not sure about a 500,000 target at this point giving production capacity is overflowing to VDL at the moment. China is still seeing double digit growth but will inevitably slow down as the market gets closer to being satisfied.
As it happens Motorrad is doing better than ever too, which is good news if you're looking at operating profit per vehicle since the motorcycle segment posts higher €/bike values than the car segment does.
There is new product on the horizon that will generate both volume and/or good profit margins, the 8-er, the X7, the X2, and the Cullinan. The all electric 3 series will start to take the fight to Tesla. New and refreshed models such as the G30, the F52 and the G01 will give the 2017 Q2-Q4 numbers a boost.
There'll always be clouds on the horizon for manufacturers - I just think it's important to take a balanced view on things... something which certain parties, publications and websites don't always do. A case in point was the way people jumped on BMW's EBIT margin after last year - despite the fact that Sales, revenues, profits and EBT margin were all up... people just want a story so things get spun.
As for the i5, the way I see it, this was conceived as a model to sit alongside the i3 and i8. BMW's direction on this has clearly changed, iNext will showcase more autonomous tech innovation from BMWi, and the electrified offerings will fit into the core brand products, rather than the i-series.... this renders an i5 pretty much superfluous. iNext appears to be a car
built around autonomy, rather than being a car that simply
features autonomy. From what's been said iNext will be a halo type car for i, and is likely targeted at picking up 7-er customers once the G11/12 enters its sales contraction phase late in the second half of it's life.