Audi, the top-of-the-range automaker owned by German auto giant Volkswagen AG (IW 1000: 10), said it achieved record sales in the first quarter of 2012, thanks to strong demand in China.
Audi said it sold 346,100 cars worldwide in the January-March period, up 10.8% compared with a year earlier.
"This past quarter was the best in our company's history," Audi said in a news release.
With Chinese sales soaring by 40.5% to 90,063 in the three months, Audi also achieved its best quarter ever in China, it said.
By contrast, sales in Europe slipped by .1% to 186,350 vehicles.
"We kicked off 2012 very successfully and expect growth to continue in the months to come," board member Peter Schwarzenbauer said.
Copyright Agence France-Presse, 2012