PressClub South Africa · Article.
Best Global Brands: MINI reaches brand value of five billion dollars
Tue Sep 26 10:10:00 CEST 2017 Press Release
MINI continues to climb Interbrand’s TOP 100 Global Brands ranking
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Munich. More than any other vehicle brand, MINI is a statement of personal style and inspires customers all over the world. Constantly reinventing the brand through attractive products, innovation, authenticity and distinctive brand communications is part of the MINI DNA. This enthusiasm for the brand is also reflected in the latest Best Global Brands ranking compiled by the brand consultancy Interbrand. The value of the MINI brand rose once again this year: With a brand value of more than five billion US dollars, the innovative premium brand climbed to number 87 in the ranking.
MINI continues its steady growth in brand value. In 2014, the brand was yet to break into the top 100, but debuted at number 98 in 2015 and climbed ten places in 2016 to reach number 88. This year, it once again improved on this position.
The strong growth in brand value stems from systematic implementation of the brand realignment announced in 2015. Design, authenticity and intrinsic value define the new brand identity, which is also reflected in the visual appearance and new tonality of communications.
Sebastian Mackensen, Senior Vice President MINI: “We have a genuine interest in people’s lives, interests and passions. We want to do more than just send messages out into the world. We also want to listen and enter into an authentic dialogue with young, urban creatives who strive to live purposeful, fulfilling lives.”
MINI goes beyond the car to discover new applications for the unique MINI DNA. The brand appeals to creative young people living in cities, where attractive living space is increasingly scarce and responsible use of housing resources is becoming more important. True to its traditional product promises of “creative use of space” and “minimal footprint”, MINI is presenting a visionary solution for both challenges with the “MINI LIVING – Breathe” installation. In collaboration with New York-based architecture firm SO–IL, MINI is contributing to a trailblazing interpretation of resource-conscious co-existence in limited city spaces. “MINI LIVING – Breathe” questions conventional living concepts and opens up creative solutions for future challenges in the urban environment.
MINI also promotes responsible use of resources through its products and has been active in the field of electromobility for over a decade. The MINI E marked the beginning of widescale studies of e-mobility back in 2008. Based on know-how gained from almost ten years of electromobility, the MINI Cooper S E Countryman ALL4 plug-in hybrid was launched earlier this year. In 2019, MINI will also release a fully-electric three-door model, which was previewed as the MINI Electric Concept at this year’s IAA motor show. In this way, the conventional MINI portfolio will be complemented by plug-in hybrids and pure-electric models.
Steady growth in the value of the MINI brand has been accompanied by corresponding growth in product sales. In the first eight months of this year, sales rose 3.1% year-on-year to reach a total of 230,925 vehicles. The biggest growth drivers for the premium brand are the MINI Countryman (+12.9%) and the MINI Convertible (+20.3%).
“Best Global Brands” 2017 is the 18th edition of the report published annually by global brand consultancy Interbrand, which explores how brands determine the success of a company. The evaluation is based on the financial success of the products and services belonging to the brand, the role of the brand in customer decision-making and its impact on company pricing.
If you have any questions, please contact:
BMW Group Corporate Communications
Micaela Sandstede, Business and Financial Communications,
Media website: www.press.bmw.de
The BMW Group
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.
In 2016, the BMW Group sold approximately 2.367 million cars and 145,000 motorcycles worldwide. The profit before tax was approximately € 9.67 billion on revenues amounting to € 94.16 billion. As of 31 December 2016, the BMW Group had a workforce of 124,729 employees.
The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.