The German-based automobile giants, BMW and Volkswagen, recently revealed robust vehicle sales growth in October, even as the European car market put up a dismal show.
The world's largest manufacturer of luxury cars, BMW reported an increase of 8.3% in October in comparison to the sales of the same time period during the previous year. The company claims to witness a major sales boost in China.
BMW sold 8.3% more cars in October 2011 as compared to October 2010. The car maker witnessed a 33.5% gain in sales in China itself. As a matter of fact, the BMW China accounted for 13% of overall October sales. However, BMW speculates a lukewarm growth in the coming time, even as the premium segment indicates to develop more than the mass-market vehicles.
BMW car sales in the United States have increased by 17.5%, which contributes one fifth to the overall October sales.
Surpassing the sales figures of BMW is another Germany-based automobile giant, Volkswagen. Volkswagen's popular car brand Audi has reportedly achieved around 24% more car sales during October this year. The major reason causing the hike is the Chinese automobile market which reported a jump of 62% in sales.
According to Volkswagen Sales Chief, Christian Klingler, “The brand Volkswagen cars are still on a solid growth path in terms of sales. We are observing the current development on global markets very closely due to economic uncertainty.”
Thus, premier luxury German car brands, Volkswagen and BMW continue to maintain their status and report positive sales figures even amidst global economic slowdown.
