Thursday, February 9, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





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2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




April Sales of BMW, Audi, and Mercedes-Benz Surge in China

May 6 – German luxury automakers BMW, Audi, and Mercedes-Benz have reported tremendous monthly and quarterly sales figures in the world’s largest auto market.

Bavarian Motor Group, which also includes the Mini and Rolls Royce brands, more than doubled year on year auto sales for April with a monthly growth rate of 115 percent. The 12,440 cars sold in the month brought the group’s total quarterly sales figures in China to 46,619, up from the 26,369 in the first quarter of 2009. The core BMW brand accounted for roughly 94 percent of the group’s monthly and quarterly sales.

Volkswagen AG’s Audi brand has maintained its position as the most popular luxury car in China with year on year auto sale increases of 61 percent for April and 73 percent for the first four months of the year. That puts the number of vehicles sold last month at 19,606 and at a total of 71,055 on the quarter.

Daimler AG’s Mercedes-Benz brand also managed to double its year on year auto sales for April, reporting 11,300 units sold in the month – bringing 2010 first quarter sales up to 35,400 vehicles.

Yearly automobile sales targets for 2010 are reportedly 120,000 for BMW, “more than 100,000” for Mercedes-Benz, and 200,000 for Audi.

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