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BMW, Sixt carsharing making money most places

The DriveNow carsharing service, which is a partnership between BMW and Sixt, is growing quite rapidly. "We've been surprised about the explosion of new subscriptions, which has helped boost revenue," says Sixt CEO Erich Sixt. The number of DriveNow users has increased from 215,000 at the end of last year to 300,000 today. Sixt says that DriveNow has been profitable in cities in which it has been established for over a year. Perhaps encouraged by its unexpected success, DriveNow is set to expand even further. The service is currently available in five German cities, as well as in San Francisco, California, and the involved parties are considering a five-year plan to expand to 25 more cities in Europe and the US. Still, Sixt expects DriveNow to report a "small-to-medium, single-digit" loss for this year, according to Sixt CFO Julian zu Putlitz. It's no big deal, just the result of startup costs in new areas. Sixt, which is Germany's largest car rental company, also reported that its own second-quarter income rose 12 percent to $37.7 million, while sales rose 7.6 percent to $585.78 million. DriveNow uses a membership and pay-per-minute model that allows customers to rent BMW and Mini vehicles as they need them. The service also acts as a way to let potential customers try out the vehicles and familiarize themselves with the brands before they buy cars of their own at some point. Depending on the location, DriveNow's fleet includes the BMW 1 Series, ActiveE and X1, as well as several Mini vehicles like the Cooper, Clubman and Countryman. Featured Gallery 2012 BMW ActiveE: First Drive View 31 Photos News Source: BloombergImage Credit: Copyright 2014 AOL Green BMW MINI car sharing profit revenue drivenow sixt

2022 Mini JCW Hardtop Anniversary Edition gets British Racing Green, retro Cooper badging

Say a cheery hello to the 2022 Mini JCW Hardtop Anniversary Edition. This little Mini is here to honor 60 years of Cooper racing, as the first Mini with a "Cooper" badge on it went racing in 1961. Thankfully, it’s exclusively painted in British Racing Green. Mini says this JCW Hardtop will also feature white bonnet stripes with red outlines, a white roof and white mirror caps. In a way, it looks like a Christmas car with all of the JCWÂ’s standard red accents. The colors are supposedly derived from Cooper Car Company design motifs, and we canÂ’t deny that it looks good. YouÂ’ll notice the number 74 is plastered across both the hood and doors of the Anniversary Edition, as the first Mini Cooper to ever race was given the number 74. YouÂ’ll also notice the Cooper Car Company logo on the carÂ’s side scuttles and side sills to denote it as the Anniversary car. Inside, Mini honors the three generations of Cooper with the three signatures of those who worked closely with Mini etched into the cockpit fascia: John Cooper, John Michael Cooper, and Charlie Cooper. The steering wheel has a retro "Cooper" logo in the bottom spoke. Feature-wise, it automatically includes a panoramic moonroof and touchscreen navigation.  “John Cooper kicked off 60 years of performance innovation with the original Mini Cooper, and the Anniversary Edition honors the Cooper legacy that helped define MiniÂ’s performance pedigree over the last six decades,” said Patrick McKenna, head of marketing product and strategy for Mini USA. Mini says it will be selling this Anniversary Edition “in limited numbers,” so we donÂ’t expect to see a bunch of them. If you want one, the starting price is $40,750, including destination fee. TheyÂ’re available to order from dealers now. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Mini battling sales slump again, is it becoming cliche?

Things aren't looking good for Mini this year. The diminutive BMW brand has shown falling sales every month in 2014 in our By the Numbers wrap-ups. If that weren't bad enough, the latest Cooper Hardtop suffered fuel economy issues upon arriving to the US. First, there was a delay getting some versions certified, and then several models had to have their miles-per-gallon ratings revised.
According to Automotive News, the brand's sales are down about 20 percent for the year through October, despite hitting a record 66,502 vehicles in the US for 2013. For their part, Mini execs attribute much of that drop due to constricted supply. However, with the new-generation three-door Cooper finally on sale and the five-door coming at the end of the year, there might be room to bounce back some in the final months of 2014. "We are starting to claw back our way a little bit. It will be an uphill battle," said David Duncan, vice president of Mini of the Americas, to Automotive News. "We will not get back to where we would be even year over year. It should be a lower decrease than it is so far."
AutoTrader Senior Analyst Michelle Krebs reminds Autoblog that external factors aren't helping the brand's sales either. For one, there's "a direct correlation exists between falling gas prices and lower small car sales," she said, and the average price per gallon is now $2.94, according to the US Energy Information Administration. Also, the booming popularity of small crossovers is eating into the compact car market. Mini has its Countryman model, but the trend could be hurting the rest of its lineup. "Mini was fresh, new, unique and stylish, but fashions change and fashion-conscious buyers are fickle. They move on to the next thing," Krebs said.