Active Stocks
Fri Apr 19 2024 13:05:47
  1. Tata Steel share price
  2. 161.15 0.72%
  1. Tata Motors share price
  2. 959.00 -1.28%
  1. NTPC share price
  2. 348.90 -0.71%
  1. Infosys share price
  2. 1,407.35 -0.93%
  1. ITC share price
  2. 425.80 1.64%
Business News/ Companies / BMW says unit sales grew 10.8% in May
BackBack

BMW says unit sales grew 10.8% in May

BMW says unit sales grew 10.8% in May

Premium

Frankfurt: German luxury car maker BMW said on 9 June that its unit sales rose by 10.8% last month from the May 2009 level, preserving its place as the world’s leading premium auto manufacturer.

A BMW statement said the group sold a total of 120,843 automobiles, of which 101,775 were BMW-brand cars.

Group deliveries through May rose by 13.3% to 552,864 vehicles.

“The sales trend remains positive -- we reported healthy double-digit growth once again in May," sales director Ian Robertson was quoted.

BMW’s main rival, Daimler, said on 7 June that it had sold 101,400 cars in May, for the most part Mercedes-Benz models, meaning that BMW remained the leader in the luxury car segment.

Robertson put the results down to the launch of several new models, such as a new BMW 5 series and the X1 compact sports utility vehicle.

The luxury 7 series turned in a strong performance as well, with an increase of 33.6% from the previous year to 4,501 models.

In terms of markets, the strongest growth was seen in China, where sales by BMW and its Mini brand gained a whopping 107.3% to 13,998 vehicles, the group said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Jun 2010, 03:10 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App