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BMW's best monthly sales for a 100 years

Tuesday, April 12, 2016 - 01:08

BMW says it's achieved its highest ever monthly sales in the company's 100 year history. As Laura Frykberg reports, it was mainly thanks to demand for compact cars.

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One German carmaker may be in trouble, but, BMW's achieved its highest ever monthly sales in its hundred-year history. Selling more than 240,000 vehicles in March. Driving the record - the sale of BMW-branded passenger cars - which rose 2.9 percent. Analysts say acess to cheap credit, and less trust in rival companies is fuelling consumers. (SOUNDBITE) (English) Panmure Gordon, Chief Economist, Simon French saying: 'BMW are of course taking advantage of structural weaknesses in the Volkswagen growth model following the emissions scandal of last year. But I wouldn't overplay that. I think there is a much more material macro factor, which is a legacy of very low interest rates.' A key accelerator of vehicle sales growth is China. Purchases there increased 8.8 percent in March from a year earlier. It's a trend that's likely to continue - China's Association of Automobile Manufacturers says sales are expected to increase another 6 percent this year.

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BMW's best monthly sales for a 100 years

Tuesday, April 12, 2016 - 01:08