BMW: Strong 2011 Results Driven By U.S. And Chinese Markets

BAYERISCHE MOTOREN W (BAMXY), Germany-based manufacturer of luxury vehicles, posted its auto sales for the month of July. It recorded a rise of 8.4% to 139,399 vehicles compared to the same period last year. The monthly sales growth is attributed to the strong growth from Britain and Germany, where sales rose 9.3% and 8.7%, respectively. The company said that its year-to-date (YTD) global sales surged 10% to a record 1.03 million vehicles.

Audi AG, the world’s second-largest luxury carmaker, announced today that its global vehicle sales jumped 15.4% last month over the same period last year. The German automaker, which operates as the upscale division of Volkswagen AG (VLKAY), posted its all-time record of 170,450 vehicle deliveries for the month of March.

The Boston Consulting Group Inc.’s latest research on the Chinese car market reveals that the industry is in a phase of evolution, as Chinese car owners grow increasingly disloyal to both local and foreign auto brands. The extent of brand switching in the Chinese car market has surpassed the average customer’s brand switching in the developed markets. As per the study, around three-quarters of the vehicle owners in China – totaling up to 90 million cars – are planning to switch brands in their next car purchase.

By Labutes IR:Bayerische Motoren Werke (BAMXY.PK) released on Thursday, May 3, its first quarter 2012 earnings achieving the best first-quarter performance in BMW's history and beating analyst expectations.

Daimler AG (OTCMKTS:DDAIF) is aiming for at least 10% growth in sales in the Chinese region during this year. Hubertus Troska made this statement in an interview in Beijing on Tuesday. In 2014, Mercedes-Benz sales grew an impressive 30% in China. This was due to an increase in its operational scale and expansion in Asia Pacific region. The senior executive is expecting Mercedes-Benz to sell 300,000 vehicles in China this year, if things go according to plan.

Achieving record sales since 2001, BAYERISCHE MOTOREN W (OTCMKTS:BAMXY) is well determined to continue its annual sales growth. The automaker group will soon be releasing 15 new models of vehicles, including X6 sport utility vehicle (SUV) and 2-series convertible, according to Bloomberg.

By Labutes IR:Daimler AG (DDAIF.PK) is a German luxury car and truck manufacturer, including the well-known Mercedes-Benz brand and the Freightliner trucks brand. The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886.

German luxury automaker BMW (OTCMKTS:BAMXY) today reported sales just under 18,000 units globally in the first year of sales of its recently launched i Series plug-in models; a number far beyond its own expectations of about 10,000 units.