BMW extends sales lead over German rivals in June

BERLIN Mon Jul 8, 2013 7:11am EDT

BMW luxury car logo's are pictured in a spare part store at a BMW garage in Niderwangen near Bern, May 24, 2012. REUTERS/Pascal Lauener

BMW luxury car logo's are pictured in a spare part store at a BMW garage in Niderwangen near Bern, May 24, 2012.

Credit: Reuters/Pascal Lauener

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BERLIN (Reuters) - BMW's (BMWG.DE) sales rose faster in June than at Audi and Mercedes as demand from China and the United States helped the German luxury car maker to extend a lead over its two main rivals in the first six months of the year.

Sales at BMW's core brand were up 9.4 percent in June to 153,000 autos, the Munich-based company said on Monday, compared with growth of 8.3 percent and 5.5 percent respectively at Mercedes (DAIGn.DE) and Volkswagen-owned Audi (VOWG_p.DE).

Six-month sales at BMW rose 7.7 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6.4 percent each to 780,500 and 694,000 autos respectively.

"BMW has stronger momentum than Audi and Mercedes, that won't change in the second half," said Hanover-based NordLB analyst Frank Schwope. "Design of their cars has improved and they're ahead on fuel-saving technologies."

Still, Audi and Mercedes have each outlined plans to overtake BMW by the end of the decade.

In contrast to capacity cutbacks at European mass-market carmakers, Germany's three leading premium manufacturers are maintaining production in July and August to meet demand for upscale vehicles from overseas, rather than shutting factories for summer vacations.

(Reporting by Andreas Cremer; Editing by Christoph Steitz and Mark Potter)

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DZHNews wrote:
Strong consumer demand drives up the sales of BMW cars in China. DZH News has more stories on China.

Jul 09, 2013 4:02am EDT  --  Report as abuse
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