BMW Sales Hit All-Time High in June

FRANKFURT BMW sold 15.9% more cars in June year-on-year and recorded the highest level of monthly sales ever, boosted by an upswing in demand at home and surging sales in the emerging economies. The carmaker sold 165,855 vehicles in the month, 134,432 of which were of the BMW brand. Year-on-year this represents a 12.3% rise in BMW brand car sales. Group sales in Brazil rose 69% while sales doubled in India and almost tripled in Turkey. "The figures reflect strong global demand," board member Ian Robertson said in a statement, adding however, that due to the model cycle and the year-on-year base effects, he expects growth to slow in the second half of the year.—Reuters