Daimler AG and Bayerische Motoren Werke AG reduced their leasing businesses in the U.S. last year because they were unprofitable, Handelsblatt reported today, citing BMW sales chief Ian Robertson and Daimler sales chief Joachim Schmidt.
Daimler reduced the share of cars sold through leasing contracts to 50 percent, from 70 percent in 2008, and BMW lowered the percentage to less than 50 percent, from 60 percent, the newspaper said.
Both companies are optimistic that they can increase U.S. sales this year, Handelsblatt cited the managers as saying.
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