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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Chinese market boosts German luxury car sales AFP - Wednesday, December 9 Send IM Story Print Chinese market boosts German luxury car sales Slideshow: Full Photo Coverage: Business & Economy FRANKFURT (AFP) - – BMW joined Audi and Daimler on Tuesday in reporting stronger November deliveries as the Chinese market in particular boosted sales of luxury German automobiles. BMW said global deliveries rose by 11.5 percent on a 12-month basis to 107,686 vehicles as a recovery that began in September gained traction. As was the case with Audi and Daimler, China stood out with a gain of 39.7 percent to 8,740 vehicles from BMW and its British brand Mini. BMW noted that overall sales in the 11 months since January had fallen by 12.2 percent from the same period in 2008 to 1.162 million vehicles, however, after luxury car makers took a hit early this year. The group nonetheless topped its German rivals in the January-November period since comparable Daimler sales came to 1.02 million and Audi reported deliveries of 870,600 autos. "Since September, sales have been back on the growth track," sales director Ian Robertson said in a statement, adding: "We intend to continue this trend in December." Audi said earlier that it had sold 8.9 percent more cars in November on a 12-month basis, with Chinese sales leaping by 101.9 percent to 16,503 vehicles as the company surpassed its annual sales target there, a statement said. Daimler reported on Monday that it had sold 8,500 cars in China last month, "almost three times as many as in the previous month" in what was now Daimler's fourth biggest market. Demand for luxury cars has grown globally, boosting a market segment that was slammed by the economic downturn. Government subsidies to scrap old cars generally benefitted smaller, cheaper models and groups like BMW and Daimler in particular had been left by the wayside early this year. Recommend Send IM Story Print Related Articles GE's Immelt says green tech means jobs, growth AP - 2 hours 8 minutes ago Lawmakers impatient with Obama mortgage plan AP - 2 hours 22 minutes ago US airlines' Oct. on-time performance at a glance AP - 2 hours 33 minutes ago Toro moves to loss in 4Q on lower sales AP - 2 hours 36 minutes ago Arizona agency says new state financing on track AP - 2 hours 36 minutes ago News Search Top Stories Fitch downgrades Greek sovereign, bank debt Ohio to execute inmate with single drug Greek ratings blow seen raising prospect of crisis budget Obama announces new jobs push Haggling begins at UN climate talks More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Woods' mother-in-law rushed to hospital Virgin unveils spaceship to offer space tourism Dubai stock market slumps 'I'm A Celebrity' TV stars charged over rat risotto British Grand Prix saved More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Alcohol helps cut heart disease risk for men: study Mankind using Earth's resources at alarming rate Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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