BMW Posts Record Sales in July

Company is aiming for sales of more than 1.6 million vehicles in 2011.

The world's leading luxury automaker, BMW, reported record sales in July as deliveries gained 7.6% on the year to 129,094 vehicles owing to "substantial gains in many markets."

So far this year, the BMW group, which also owns the Mini and Rolls-Royce brands, has delivered 962,468 vehicles, an increase of 17.9%, the company said.

"We have just reported the most successful July sales ever and we are well on our way to achieving our recently announced target of over 1.6 million vehicles in 2011, the best-ever sales result for the BMW group," said sales director Ian Robertson.

Substantial increases were noted in China and the United States, two of BMW's main markets, along with jumps in Brazil, India, Russia and South Korea.

Sales in Germany slipped by a slight 0.8%, however.

Premium automakers have been on a roll, owing to surging demand in emerging markets, but could see sales growth ease later this year as the global economy enters an uncertain period.

Copyright Agence France-Presse, 2011

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