BMW Group’s Impressive 2017 Start

BMW Group pic
BMW Group

Real estate developer Bill Schwyhart enjoyed a successful career as an auto dealer. In 1998, Bill Schwyhart’s Hart Motor Co., was a dealer for both BMW and Volkswagen. Hart BMW/Volkswagen was certified as a “Center for Excellence” by BWM and was one of the top 10 BMW dealerships throughout the country.

Recently, BMW Group reported that it produced the best ever sales growth for the month of January, heralding an outstanding start for 2017. Vehicles delivered rose by 6.8 percent globally, totaling 163,288 vehicles. BMW chalked up a 7.2 percent sales increase, totaling 143,553 vehicles, and MINI showed sales expansion of 3.7 percent, totaling 19,563 vehicles. BWM electric vehicles also doubled in sales for the month. All regions of the world exhibited sales growth.

The BMW Group has been experiencing increased sales for the past six consecutive years. New models, particularly the new generation of BMW 5 Series, are expected to further improve sales performance for 2017. The BMW Group also owns the Rolls Royce brand.

Business Lessons in Lee Iacocca’s Autobiography

Lee Iacocca pic
Lee Iacocca

During his time at Marshfield Chrysler Dodge, Bill Schwyhart was counseled directly by Lee Iacocca. As president and chief executive officer of Hart Motor Company, Schwyhart continued to refer to Iacocca’s highly revered autobiography. In his current role as the founder of Pinnacle Hills in Rogers, Arkansas, his enthusiasm for the book remains.

Iacocca: An Autobiography, written by American automotive business executive Lee Iacocca and co-author William Novak, is a chronicle of the successful leader’s time with the Ford Motor Company and the Chrysler Corporation. The book was immensely popular upon its release in 1984, finishing both 1984 and 1985 as the best selling non-fiction hardcover book.

The book’s two main sections, entitled The Ford Story and The Chrysler story, serve as business lessons in advancing through the ranks of an organization on the merits of hard work and innovation, and rehabilitating a business on the brink of bankruptcy, respectively. The book also includes insights into Iacocca’s childhood and education at Princeton University as well as his beliefs on subjects such as the importance of seat belt usage and the rising costs of labor.