BMW April Sales Rise 15% On Global Demand

Source:Smartmoney.com

Luxury car maker BMW AG (BMW.XE) said Monday that sales rose 15% on the year in April to 116,391 cars, driven by improving demand in major markets such as the U.S., China and Germany.

"We benefitted from growing market demand worldwide in April and were able to increase sales volumes in almost all European markets, in the Americas and in Asia,"BMW sales chief Ian Robertson said in a statement.

Due to the upcoming launch of new models such as theBMW 5 Series and the Mini Countryman, "we are in an excellent position and remain confident for the next months". "However, it remains to be seen how resilient and sustainable the economic upturn will be," Robertson noted.

The Munich-based firm sold 432,037 vehicles in the first four month of the year, up 14% compared with the same period last year, underscoring the recovery in the luxury car segment after a woeful 2009.

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