Audi and BMW See Record Sales in May

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May was a good month for German luxury automakers. Despite rising economic concerns in Europe, Asia and the U.S., Volkswagen‘s (PINK:VLKAY) Audi, BMW and Daimler‘s (PINK:DDAIF) Mercedes-Benz all posted strong sales for the month, with Audi and BWM posting record monthly numbers, The Wall Street Journal noted.

Audi, which surpassed Daimler’s Mercedes to become the second-ranked worldwide luxury car brand last year, said it was raising its expected deliveries for 2012 to 1.4 million vehicles, with sales rising in every region.

The company sold 128,900 vehicles in May, an increase of 14% over last year. In just the first five months of 2012, Audi has sold 600,200 vehicles, up 12% from the same time in 2011.

BWM sold 129,150 vehicles in May, up 6.6% from the previous year. The company has sold 607,207 vehicles in the first five months of the year, a 9.3% boost from last year.

BMW reported strong sales of its Mini line, with a 40% rise in Chinese sales and U.S. sales up 6.6%.

Mercedes-Benz announced that it sold 113.136 cars in May, up 4% from last year. The company has sold 531,382 vehicles in the first five months of the year.

Europe’s car market is expected to contract 7% this year, according to European industry groups, as the continent weathers a new economic crisis. Despite this, Audi officials said the company anticipates growth in leading European markets as well as continued strong sales in China and the U.S.


Article printed from InvestorPlace Media, https://investorplace.com/2012/06/audi-and-bmw-see-record-sales-in-may/.

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