BMW reports record first quarter sales of 350,000 vehicles
The German luxury car making group BMW sold a record 350,000 vehicles in the first quarter of 2008.
By Agencies |
FRANKFURT: The German luxury car making group BMW sold a record 350,000 vehicles in the first quarter of 2008, it said on Monday, pointing to a boom in demand in India.
BMW reported overall sales of 351,787 units, an increase of 5.7 percent from the first quarter of 2007, a statement said.
Domestic rival Mercedes-Benz said it sold 320,000 vehicles in the same period.
The biggest increase for BMW was in India, where there was a leap of 800 percent to 862 cars. Strong sales increases were also reported in Russia, China and South Korea, all of which turned in rises of almost 40 percent.
Sales fell however by 9.2 percent in the United States, which nonetheless remained the biggest single market with more than 68,500 cars bought in the three month period.
BMW hopes the introduction of new models will help US pick up in the second quarter.
Overall sales in March alone climbed by 8.2 percent on the year to 153,184 vehicles, BMW said.
The group's Mini brand moved a total of 26,963 cars, an increase of 24.4 percent, while BMW models showed a more modest increase of 5.3 percent.
BMW reported overall sales of 351,787 units, an increase of 5.7 percent from the first quarter of 2007, a statement said.
Domestic rival Mercedes-Benz said it sold 320,000 vehicles in the same period.
The biggest increase for BMW was in India, where there was a leap of 800 percent to 862 cars. Strong sales increases were also reported in Russia, China and South Korea, all of which turned in rises of almost 40 percent.
Sales fell however by 9.2 percent in the United States, which nonetheless remained the biggest single market with more than 68,500 cars bought in the three month period.
BMW hopes the introduction of new models will help US pick up in the second quarter.
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Overall sales in March alone climbed by 8.2 percent on the year to 153,184 vehicles, BMW said.
The group's Mini brand moved a total of 26,963 cars, an increase of 24.4 percent, while BMW models showed a more modest increase of 5.3 percent.
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