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BMW sees record sales thanks to China demand
Published: 11th Apr 2012 11:57:58
German luxury carmaker BMW has posted record quarterly sales for the first three months of the year, a period in which it sold more cars in China than in the US for the first time.
Overall sales hit 425,528 vehicles, a rise of 11.2% on a year earlier, with the BMW, Rolls-Royce and Mini brands all reporting record sales.
The company sold 80,014 cars in China, 37% more than a year ago.
BMW said it expected record sales to continue throughout this year.
"The BMW Group achieved an all-time high in sales last month and the best quarter in its history," said sales boss Ian Robertson.
The carmaker is due to publish its first quarter financial results on 3 May.
In 2011, BMW profits jumped by 51% to 4.9bn euros ($6.4bn; £4bn).
On Tuesday, rival Audi, which is owned by Volkswagen, said it had sold 346,100 cars in the first quarter, an increase of 10.8% on a year earlier.
Harvard Citation
BBC News, 2012. BMW sees record sales thanks to China demand. [Online] (Updated 11 Apr 2012)Available at: http://www.manchesterwired.co.uk/news.php/1421701-BMW-sees-record-sales-thanks-to-China-demand [Accessed 13th June 2013]
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