BMW Group posts 59% hike in September sales in China to 29,631 units

Article by Anita Panait, on October 6, 2012

BMW Group logged a 59-percent year-on-year increase in new-car sales in China in September 2012, delivering a total of 29,631 BMW- and Mini-brand vehicles in the country during the period. BMW Group’s latest delivery surge in China helped the carmaker post a 37-percent year-on-year hike in new-car sales for the first nine months of 2012, according to company spokeswoman.

BMW’s strong performance in China this September is considered to have helped relieve worries that the Chinese automotive market is cooling too quickly. According to David Arnold, an auto-industry specialist with Credit Suisse in London, China is still a growth market, although it is “normalizing,” which is what the industry needs.

According to BMW’s spokeswoman, the carmaker’s sales feat in China was boosted by the strong demand for the extended version of the 3-series sedan and the X1 compact SUV. BMW’s closest rival luxury car makers Audi and Mercedes-Benz also managed to record strong sales in China, despite signs that the country’s economy is cooling down.

Audi posted a 20-percent increase in sales in China in September 2012 to 35,512 vehicles. Mercedes, on the other hand, logged a 10-percent jump in sales in the period to 16,806 cars and SUVs. China's services industry expanded at the slowest pace in over a year in September 2012, while manufacturing has shrunk for 11 consecutive months.

Topics: bmw, sales, china

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