Free Newsletter
 Subscribe Now
 BR Blog

 INTERNATIONAL
Audi, BMW report Chinese sales boost in October  Comments
November 9, 2009


The German luxury car maker BMW said on Monday that its sales rose further in October, with a leap in China, news echoed by German rival Audi.

Deliveries of BMW, Mini and Rolls-Royce autos rose by two percent from the level in October last year to 113 011 units, after showing a 12-month increase in September for the first time for a year.

Chinese sales leapt by 81 percent in October to 9 558 units, a statement said, and emerging markets in general have already reported more sales than in all of 2008, it added.

Audi, a premium brand of the Volkswagen group, said that October sales gained 0.4 percent to 82 750 units, also aided by soaring demand in China.

For the rest of the world, "we expect more solid progression in November and December," BMW sales director Ian Robertson was quoted as saying.

Audi forecast overall 2009 sales of 925 000 cars, well above its initial target of 900 000.


"Our sales figures worldwide have developed much better than expected," Audi sales chief Peter Schwarzenbauer was quoted by a statement as saying.

"The Audi Q5 is emerging as one of our most successful models," he added.

Meanwhile, BMW's own brand turned in last month its first sales increase in a year, edging up by 0.4 percent to 95 859 units.

On a 10-month basis however, overall group sales still showed a decline of 14 percent from the same period in 2008, and the company expects full-year sales to be 10-15 percent lower than in 2008.

But luxury cars are nonetheless beginning to move off of dealers' lots after missing out on government car-scrapping schemes that mainly boosted sales of small cars.

On Friday, BMW's German rival Daimler said sales of its Mercedes-Benz and Smart cars had gained 4.1 percent on an annual basis. - AFP
BOOKMARK THIS STORY

Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser.

Use the links below to share this article on the social bookmarking site of your choice.

Read more about social bookmarking at Wikipedia - Social Bookmarking

No comments yet. Be the first to comment!
HAVE YOUR SAY
Please enter your comment into the text box below.
Note: all comments are moderated (see our moderation policy) and may take some time to display, or may not appear at all.
If you would like to use an alias, please type it below. If you do not enter an alias you comment under a Anonymous byline.
Type your email address below - your comment will not be accepted without it. This is required as part of our moderation guidelines, but your address will not be published or distributed.
Lastly, to help fight spam, enter the letters in the image below as you see them.

     

BUSINESS SERVICES
Awesome UK Lotto's
Business Directory
Car Insurance
Car Insurance for Women
City Guide
Insurance Quote
Life Insurance
Life Insurance for Women
Maps & Direction
Medical Aid
Meetings Africa
Mobile Business Directory
Online Shopping
Personal Loans
Play Huge Lottos
Property Search
Travel Specials

MOBILE SERVICES
 Get Business Headlines & Indicators
 on your phone - dial *120*IOL*5#
 Click here to find out more (SA only)



International


News


Markets


Technology News


Company News