April 18, 2014

BMW profits soar as China sales double

BMW’s profits in the third quarter of this year have risen 11-fold as it continues to benefit from a 91% increase in sales in mainland China, Hong Kong and Taiwan.

Sales in Western Europe added 1.8%, while those in the UK gained 13% while sales in the US BMW saw quarterly sales advance by 9%.

BMW did not release a specific figure for India, only saying that the wider Indian car market had grown by 30% so far this year.

BMW also added that its global profits had also been helped by higher retail prices.

The German carmaker made a net profit of 874m euros in the 3 months to the end of September, up from just 78m euros in September 2009.

Its revenues rose 36% to 15.9bn euros, as global quarterly sales of its BMW, Rolls-Royce and Mini cars increased by 13% to 366,190 units.


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