BMW reports gain in sales
BMW AG said last Monday that global sales for the first quarter increased 13.8 per cent from the previous year to 315,614 vehicles, with particularly strong sales in China.
The company, based in Munich, said in a statement that it delivered 265,809 cars of the BMW brand in the first three months of 2010, up 13.6 per cent. Sales of the Mini brand rose 13.6 per cent to 49,526 cars, while the Rolls Royce brand increased 20.9 per cent to 279 vehicles.
BMW said China emerged as its strongest market, where sales between January and March totalled 34,179 automobiles in China for an increase of 106 per cent.
The company credited several new models for helping it rebound and predicted it would return to regular growth.
"We are back on our growth track in nearly all the automobile markets," said Ian Robertson, responsible for sales. "We intend to continue improving on last year's figures throughout the second quarter."
Shares of BMW were up about a half per cent to US$47.56 in Monday-afternoon trading.