BMW Grows Steadily in Q1

In line with its German rivals, BMW posted today a 13.8 percent increase in sales for the first quarter of 2010. The Munich based carmaker sold in the first three months of the year 315,614 BMW, MINI and Rolls-Royce vehicles, an encouraging improvement from last year. One which leaves room for hope BMW will reach its 1.3 million vehicles target.

“We are back on our growth track in nearly all the automobile markets. We had a good first quarter with a sales increase of 13.8%. We intend to continue improving on last year’s figures throughout the second quarter – thanks not least to the new BMW 5 Series Sedan and new models such as the 3 Series Coupé and Convertible,” Ian Robertson, BMW member of the board said in a release:

“For 2010 as a whole, we are aiming for healthy growth in the single-digit percent range to reach more than 1.3 million vehicles.”

Unlike its rivals however, BMW was the single German carmaker to post an increase in the home market. Here, BMW sold 56,617 units. The driving force behind the good sales were the 7 Series, 1 Series and 3 Series. the newcomers are expected to do wonders for BMW's future sales reports.

“New orders for the two newly launched X1 and 5 Series Sedan models are looking very good – easily exceeding our already high expectations. We are also very pleased with the market response to the new BMW 5 Series Gran Turismo.” Robertson added.