FRANKFURT - BMW said on Monday its sales growth slowed to just 0.4 percent in February as it struggled to sell as many of its core BMW brand cars ahead of a raft of model replacements this year.
The Munich-based group said it had sold 74,650 cars in February, up 0.4 percent on the same month a year ago after a 2.7 percent rise in January, while BMW brand sales fell 8 percent to 62,470 units. It sold 12,180 Mini brand cars.
BMW said last week at the Geneva auto show that its brand sales had fallen 8 percent to 127,000 units in the first two months of the year, although rising sales of the Mini brand pushed group sales up 1.3 percent over the same period.
The company is expecting a rise in sales over the year as a whole as it launches a number of new cars including an updated 5-series sedan.