BMW 7 Series Named First 'Prestige Luxury Car' to Win in Polk Award
10 January 2000
BMW 7 Series Named First Ever 'Prestige Luxury Car' to Win in the Polk Automotive Loyalty AwardsDETROIT, Jan. 10 -- The Polk Company named the BMW 7 Series the winner in the fourth annual Polk Automotive Loyalty Awards in the "Prestige Luxury Car" category. This is the first year for this category making the 7 Series the inaugural winner. During the 1999 model year fully 26.9% of the people who leased or purchased a 7 Series were existing owners who were so pleased with their car that they decided to get another one. That is 8.5% higher than the average in the "Prestige Luxury Car" category and nearly 3.5% more than the nearest competitor. The Polk Automotive Loyalty Awards are based on statistics that track consumer purchase behavior during the 1999 model year. To determine the winners, Polk examines registration data and lease transactions for the entire United States. "We know from talking to our owners and from other studies that people who drive the 7 Series absolutely love the car," said Tom Purves, Chairman and CEO of BMW (US) Holding Corp., "We are particularly pleased with this award from Polk. There is no better indicator of a customer's satisfaction with their automobile than their willingness to lease or purchase another one." This is the second recent award received by the 7 Series acknowledging the pleasure that owners derive from their cars. It was named the "most appealing premium luxury car" in the most recent J.D. Power and Associates APEAL study which measures what excites and delights owners about their car. BMW IN AMERICA BMW entered the U.S. market in 1975. Since then, the company has grown to include marketing, sales and financial service organizations in the United States; a South Carolina manufacturing operation; a design firm in California; a technology office in Palo Alto and various other operations throughout the country. BMW is represented in the U.S. through a network of more than 340 automobile and 160 motorcycle retailers. BMW (US) Holding Corp., the Group's headquarters for North, Central and South America, is located in Woodcliff Lake, New Jersey. Information about BMW products is available to consumers via the World Wide Web on the BMW homepage. The address is: http://www.bmwusa.com.