The world’s leading luxury carmaker BMW AG said Tuesday that global sales jumped by 11.6 per cent in October, powered by strong demand from China and the US.
The rise in sales of the group’s core BMW brand as well as its compact Mini car and top-of-the-range Rolls Royce to a total of 128,593 units last month adds to signs of a rebound in the luxury car business from last year’s recession.
Releasing the new figures, BMW pointed to the pickup in sales in both China and the US along with the success of its revamped BMW flagship 5-series as helping to boost deliveries.
“New orders have been strong for all of these models, and based on the steady recovery of many markets, we continue to expect double-digit sales growth through the end of the year,” BMW sales chief Ian Robertson said.
The Munich-based carmaker is expecting to report sales grew to more than 1.4 million this year.
Already the BMW group’s worldwide sales have climbed by about 13 per cent to more than 1,190,796 since the start of the year compared with the same period last year when the car business was in the grip of a crisis.
BMW’s core brand sales rose by 12 per cent in October compared with the same month last year. Between January and October BMW brand sales were up 15 per cent.
While group sales in the US gained 13 per cent to reach 23,222 vehicles compared with the same month last year, deliveries in China soared 44 per cent to 13,738.
October sales in BMW’s home market in Germany rose 4.8 per cent on the year to 23,220.