Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

BMW, Daimler report strong gain in September sales

FRANKFURT, Oct 8 – German groups BMW and Daimler, the world\’s leading luxury car makers, said Friday that September sales roared higher, powered by the US and Chinese markets, and added that the outlook for the rest of 2010 was bright too.

Number three Audi had already presented upbeat results on Thursday as manufacturers in the premium car segment in general benefitted from a rebound in the global economy.

BMW said group sales, which include the Mini and Rolls-Royce brands, were 16.8 percent higher than a year earlier at 142,950 vehicles.

It said it expected continued growth of at least 10 percent in the fourth quarter of 2010.

Daimler posted sales of 128,600 Mercedes and Smart autos in September for a 12-month increase of 12.6 percent.

Audi said a 16-percent gain took its sales last month to 102,650 vehicles.

"Growth was encouragingly strong in September, with gains on most of our markets," a BMW statement quoted sales director Ian Robertson as saying.

In the final three months of the year, "we expect to see robust growth in the double-digit percentage range," Robertson added, bringing total 2010 sales to more than 1.4 million vehicles.

Daimler counterpart Joachim Schmidt said he was also optimistic regarding the rest of the year, owing to strong demand from emerging countries like China.

Advertisement. Scroll to continue reading.

BMW stressed that it pulled ahead of the pack in its domestic market, with a gain in sales of 16.6 percent while the overall market had lost 17.8 percent.

Monthly sales were 20.5 percent higher in the United States, BMW\’s biggest market, and 89.1 percent stronger in China, its third largest after Germany.

Looking at the first nine months of the year, BMW reported group sales of 1,062,216 vehicles, Daimler delivered 928,900 autos and Audi was third with 829,300.

Audi, aiming to become the biggest selling luxury car brand by 2015, benefits from the strong presence of its parent company Volkswagen in China.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...