BMW reports 19.8 percent jump in November sales

8th December 2010, Comments 0 comments

The world's leading luxury automobile maker, BMW, posted on Wednesday a jump in November sales as a rebound in the top market segment roars ahead, driven by Chinese customers.

BMW's global sales gained 19.8 percent from the level in November last year, the "highest percentage monthly growth of the year so far," a statement said.

Sales director Ian Robertson said that BMW, with total sales so far this year of 1.31 million BMW, Mini and Rolls-Royce autos, "is well on its way to reaching its target of more than 1.4 million units for this year."

BMW remained ahead of German rival Daimler, the owner of Mercedes-Benz which has reported sales of 1.14 million vehicles since January 1.

Along with Audi, which is owned by Volkswagen and which is to released its own sales data later on Wednesday, the German groups account for the major part of the global premium car market.

The Bernstein Research group said on Tuesday that in China, the world's biggest car market, "for luxury cars, growth was initially slower than for luxury goods, but has now accelerated spectacularly, driven by a combination of soaring wealth, excess personal liquidity, and taste."

© 2010 AFP

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